Conclusion by R4R Poland sp. z o.o. of an annex to the preliminary shares sale agreement concerning the sale of 100% of the shares in the share capital of certain subsidiaries of R4R Poland sp. z o.o., dated 16 August 2025

The Management Board of Echo Investment S.A. (the "Company") hereby informs that on 1 December 2025, R4R Poland spółka z ograniczoną odpowiedzialnością with its registered seat in Warsaw (“R4R Poland”), in which the Company holds a stake of 30% shares, has concluded with Vantage Development spółka akcyjna with its registered seat in Wrocław (“Vantage Development”) the annex to the preliminary shares sale agreement dated 16 August 2025 (“Preliminary Agreement”) regarding sale by R4R Poland of 100% of the shares in 18 limited liability companies being subsidiaries of R4R Poland i.e. (i) R4R Wrocław Rychtalska sp. z o.o., (ii) R4R RE Wave 4 sp. z o.o., (iii) R4R Wrocław Jaworska II sp. z o.o., (iv) Hotel Wrocław Grabiszyńska sp. z o.o., (v) R4R Wrocław Park Zachodni sp. z o.o., (vi) R4R Poznań Szczepanowskiego sp. z o.o., (vii) R4R Poznań Nowe Miasto sp. z o.o., (viii) R4R Łódź Wodna sp. z o.o., (ix) R4R Łódź Kilińskiego sp. z o.o., (x) R4R Warszawa Taśmowa sp. z o.o., (xi) R4R Warszawa Woronicza sp. z o.o., (xii) M2 Hotel sp. z o.o., (xiii) M2 Biuro sp. z o.o., (xiv) R4R Warszawa Wilanowska sp. z o.o., (xv) Pimech Invest sp. z o.o., (xvi) R4R Gdańsk Kołobrzeska sp. z o.o., (xvii) R4R RE Wave 3 sp. z o.o. and (xviii) R4R Kraków 3 Maja sp. z o.o. (“Annex”). The Company reported the conclusion of the Preliminary Agreement in the current report dated 16 August 2025, No. 18/2025.

According to the Annex, the parties have agreed that the long stop date for signing the final agreement  has been extended from 15 December 2025 to 15 May 2026.