Public offer of E-series bonds

The Management Board of Echo Investment S.A. ("the Company") hereby reports its intention to start a public offer of the Company"s E-series bonds with a value of up to PLN 100 mln ("the Bonds") on 8 June 2017 as part of the second Bond Issue Programme of up to PLN 300 mln which is covered by a basic issue prospectus approved by the Financial Supervision Authority on 26 May 2017. The Final Bond Terms constitute the annexe to this report. Legal basis: Art 17 section 1 MAR – confidential information