Conclusion by a subsidiary of Echo Investment S.A. of a sale agreement regarding the real property located at ul. Tadeusza Kościuszki 229 in Katowice, developed with the Libero shopping center.

The Management Board of Echo Investment S.A. (Issuer) informs that on 29 October 2025 a subsidiary of the Issuer, i.e. Galeria Libero - Projekt Echo - 120 spółka z ograniczoną odpowiedzialnością sp.k.. with its registered office in Kielce, as the seller (Seller), and Espliego spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw, as the buyer (Buyer, whereby the Buyer together with the Seller shall hereinafter be jointly referred to as the Parties), concluded a sale agreement regarding the right of perpetual usufruct to the land located in Katowice at ul. Tadeusza Kościuszki 229, as well as the ownership of the buildings and structures located on the land (Agreement).

On the basis of the concluded Agreement, the Buyer purchased from the Seller the assets covering, including in particular:

1. 1. 1. the right of perpetual usufruct to the land located in Katowice, comprising plots of land No. 87/15 and 87/10, precinct No. 0003, Ligota, (Land) as well as the ownership of the buildings located on the Land, in particular the “Libero” shopping center (Building), covered by land and mortgage register No. KA1K/00139781/3 maintained by the District Court Katowice-Wschód in Katowice, 11th Land and Mortgage Register Division, as well as ownership of and all structures, installations and other facilities serving the Building (Property);
      2. the ownership of the movable property specified in the Agreement.

The price payable under the Agreement (Price) amounted to EUR 103 million plus VAT.

Moreover, on the date of conclusion of the Agreement, the Seller and the Buyer concluded a guarantee agreement regarding the net operating income generated by the Property (NOI Guarantee Agreement), under which the rights and obligations of the Seller were subsequently assigned to the Issuer. The basic provisions of the NOI Guarantee Agreement provide for (i) granting the Buyer a guarantee that the Issuer will cover the income generated by the Property to the extent that the income in a given period does not reach the amount specified in the NOI Guarantee Agreement, (ii) payment by the Issuer to the Buyer of an appropriate portion of the amounts of incentives granted to the tenants of the Building in connection with the conclusion of new lease agreements after the date of execution of the NOI Guarantee Agreement and (iii) the Issuer’s obligation to perform fit-out works in the Building to the extent that such obligation will rest with the landlord under the relevant lease agreement. The NOI Guarantee Agreement will expire on 31 December 2030, at the latest.

The provisions of the Agreement do not differ from the provisions used in these types of transactions. The Agreement contains standard provisions for this type of transaction regarding representations and warranties of the seller and the buyer and regarding the Parties’ liability.