Execution by the Issuer’s subsidiary of a sale agreement for the real property located in Kraków on which the Brain Park B office building has been constructed
The Management Board of Echo Investment S.A. (the "Issuer") informs that on 14thmay 2026 the Issuer's subsidiary, i.e., "ECHO - ARENA" spółka z ograniczoną odpowiedzialnością with its registered office in Kielce, as the seller (the "Seller"), and Sando Office Sp. z o.o. as the purchaser (the "Purchaser", and together with the Seller, collectively referred to as the "Parties"), entered into an agreement for the sale of a property located in Kraków that is held by the Seller under the right of perpetual usufruct developed with a building known as Brain Park B (the "Sale Agreement").
Subject of the Transaction
Under the Sale Agreement, the Purchaser acquired the Seller's real property and other assets including, in particular:
(a) the perpetual usufruct right to the land plot with cadastral number 774 located in Kraków at 1A Fabryczna Street (the "Land"),
the ownership right to the office building designated as "Brain Park B" erected on the Land (the "Building"), as well as the
structures erected on the Land, for which rights the District Court for Kraków-Podgórze in Kraków, 4th Land and Mortgage Register Division, maintains land and mortgage register no. KR1P/00270324/5 (the "Property");
(b) title to the specified movable property.
As part of the transaction, the Parties also entered into a rent guarantee agreement (the "Rent Guarantee Agreement"). The principal
terms of the Rent Guarantee Agreement provide for the Seller to cover rental payments and service charges for specific parts of the Building that may become vacant following the execution of the Agreement. In addition, under the Sale Agreement, the Seller granted the Buyer a quality warranty with respect to the Building and structures located on the Property. tenant.
Transaction Value and Price
The transaction value (the "Transaction Value") as at the date of the Sale Agreement amounted to EUR 40,300,000 plus VAT.
The provisions of the Sale Agreement do not deviate from those typically used in transactions of this kind. The Sale Agreement contains standard provisions for such transactions regarding the seller's and buyer's representations and warranties and the Parties' liability.