Determination of the issue price and the final number of new series D and E shares offered by Archicom S.A. and determination of the sale price and the final number of existing ordinary bearer shares of  Archicom S.A. sold by DKR Echo Investment S.A.

THIS MATERIAL AND THE INFORMATION CONTAINED HEREIN ARE SUBJECT TO RESTRICTIONS AND ARE NOT INTENDED FOR PUBLICATION, ANNOUNCEMENT, POSTING, DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN ANY PART, INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR OTHER COUNTRIES WHERE PUBLICATION, ANNOUNCEMENT, POSTING, DISTRIBUTION OR TRANSMISSION WOULD BE UNLAWFUL. THIS MATERIAL IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE READ THE LEGAL RESERVATIONS AT THE END OF THIS MATERIAL.

Content of the Report:

With reference to Current Report No. 41/2023 dated 25 September 2023 Echo Investment S.A. with its registered office in Kielce ("Echo") informs that, acting pursuant to the authorization granted in Resolution No. 3/IX/2023 of the Extraordinary General Meeting of Archicom S.A. with its registered office in Wrocław ("Company”) dated 25 September 2023 on increasing the Company's share capital through the issuance of series D ordinary bearer shares ("Series D Shares") and series E ordinary registered shares ("Series E Shares", and together with Series D Shares, "New Issue Shares") by way of private subscription, depriving existing shareholders of all preemptive rights with respect to all Series D and Series E shares, amending the Company's Articles of Association, applying for admission and introduction of Series D shares or rights to Series D Shares and Series E Shares to trading on the regulated market operated by the Warsaw Stock Exchange S. A. and dematerializing Series D Shares or rights to Series D Shares and Series E Shares ("Issue Resolution"), the Management Board of the Company, having completed on 26 September 2023 the accelerated book building process for the New Issue Shares and the Sale Shares (as defined below) and taking into account the results thereof, has determined with the consent of the Supervisory Board of the Company that:

1. The issue price of Series D Shares and Series E Shares is the same and amounts to PLN 22.00 per New Issue Share ("Issue Price").
2. The Company shall submit to: (i) the Eligible Investors, as defined in the Issue Resolution (other than Echo or Echo's subsidiaries) offers to subscribe for a total of 3,892,568 Series D Shares, and (ii) DKR Echo Investment sp. z o.o. ("Selling Shareholder"), a subsidiary in which Echo holds all the votes at the Shareholders' Meeting, an offer to subscribe for a total of 6,107,432 Series E Shares.

Furthermore, the Management Board of Echo informs that it has become aware of the completion on 26 September 2023 of the accelerated book building process for the sale by the Selling Shareholder of the Company's existing ordinary bearer shares ("Sale Shares"). As a result of the accelerated book building process, the Selling Shareholder has determined that:

1. The selling price of the Sale Shares is equal to the Issue Price and amounts to PLN 22.00 per Sale Share.
2. The Selling Shareholder shall sell 6,107,432 Sale Shares to the Eligible Investors, and the Selling Shareholder has confirmed its intention to subscribe for the same number of Series E Shares, i.e., 6,107,432 Series E Shares.

Consequently, as a result of the book building process for the New Issue Shares and the Sale Shares:

1. 10,000,000 shares of the Company (in aggregate), including 3,892,568 Series D Shares and 6,107,432 Sale Shares shall be intended for subscription and acquisition by the Eligible Investors (other than Echo or Echo's subsidiaries).
2. 6,107,432 Series E Shares shall be intended for subscription by the Selling Shareholder.

Legal reservations:

This current report has been prepared in accordance with the requirements of Article 17.1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directive 2003/ 124/EC, 2003/125/EC and 2004/72/EC and Article 56.1.2 of the Act of 29 July 2005 on public offering and conditions for introducing financial instruments to organized trading and on public companies.

This current report is for information purposes only and constitutes the fulfilment of the disclosure  requirement imposed on Echo Investment S.A. with its registered office in Kielce ("Echo") as a public company whose shares are admitted and introduced to trading on the regulated market operated by the Warsaw Stock Exchange and (i) it is not made available to promote, directly or indirectly, the purchase or acquisition of the securities of Echo or its subsidiaries, including Archicom S.A. ("Company") or to solicit, directly or indirectly, the purchase or acquisition thereof, and (ii) it does not constitute advertising or promotional material prepared or published by Echo for the purposes of promoting the securities of Echo or its subsidiaries, including the Company, the subscription, purchase or offer thereof, or to solicit investors, directly or indirectly, to purchase or subscribe for such securities.

This current report is not an advertisement as defined in Article 22 of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market and repealing Directive 2003/71/EC.

This current report and the information contained herein are not intended for publication, announcement, posting or dissemination, directly or indirectly, in or into the United States of America, Australia, Canada, Japan, South Africa or any other country where public dissemination of the information contained herein may be restricted or prohibited by law. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States of America except in transactions not subject to, or pursuant to an exception to, the registration requirements of the Securities Act. This current report is not an invitation to guarantee, underwrite, subscribe for, or otherwise acquire or dispose of any securities in any jurisdiction.

This current report and the terms described herein may not constitute the basis for action by persons other than Eligible Investors (as defined in this current report) or be used by such persons. Any investments or investment activities covered by this current report and the conditions described herein apply only to Eligible Investors. Apart from any duties and obligations that may be imposed on the Manager under applicable regulations, Powszechna Kasa Oszczedności Bank Polski Spółka Akcyjna – Oddział w Warszawie ("Manager"), its related entities and representatives do not and will not bear any liability and will not make representations or warranties, express or implied, as to the accuracy or completeness of this current report.

In particular, the Manager will not be liable to anyone other than Echo, the Company and DKR Echo Investment sp. z o.o. ("Selling Shareholder") in the context of providing protection to its clients, nor will the Manager provide advice on the offer or sale of shares covered by this current report ("Offered Shares") or on other matters referred to herein, to entities other than Echo, the Company and the Selling Shareholder.

The distribution of information about the offer or sale of the Offered Shares, including this current report, may be restricted by law in certain jurisdictions. Echo, the Company, the Selling Shareholder, the Manager or their related entities have not taken any action that could or is intended to enable the offering or sale of the Offered Shares in any jurisdiction, or to result in the possession or dissemination of any offer or advertising material regarding the Offered Shares, including this current report, in any jurisdiction where action is required for this purpose.

This current report does not identify or suggest, and is not intended to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Offered Shares. Any investment decision to subscribe for or purchase the Offered Shares as part of the offer or the sale of such shares, must be made solely on the basis of publicly available information that has not been independently verified by the Managers.

This current report does not constitute a recommendation regarding the investor's decision on the offer or sale of the Offered Shares. Each investor or potential investor should conduct his or her own research, analysis and evaluation of publicly available information, including that described in this current report.