Resolution of Issuer’s Management Board concerning second advance payment towards future dividend

With reference to a Management Board"s resolution of the 23rd of December 2015 (see: Current Report no. 48/2015 of the 23rd of December 2015) and a Supervisory Board"s resolution of the 13th January 2016 (see: Current Report no. 1/2016 of the 13th of January 2016), the Management Board of Echo Investment S.A. (hereinafter referred to as the "Company") hereby publishes the conent of the resolution of the Company"s Board concerning the second advance payment towards future dividend for financial year 2015.
RESOLUTION
of Echo Investment"s Management Board
concerning the second advance payment towards future dividend for financial year 2015
§ 1
Pursuant to § 2 section 1, in connection with § 1 section 3(b) of a resolution of the Company"s Supervisory Board of the 13th of January 2016, the Management Board of Echo Investment S.A. with its registered office in Kielce (the Company) hereby decides to make the second advance payment towards future dividend for financial year 2015, amounting to PLN 293,010,313.22, on the 22nd of April 2016.
§ 2
The resolution enters into force upon adoption. Legal basis: article 56 (1.1) of the act on public offering and conditions governing the introduction of financial instruments to organised trading and public companies of the 29th  of July 2005.