Shareholders holding at least 5% of the votes at the General Meeting of the Shareholders of Echo Investment S.A.

The Management Board of Echo Investment S.A. (the "Company") hereby publishes information on the shareholders of the Company that held at least 5% of the votes at the Extraordinary General Meeting of the Shareholders of Echo Investment S.A. held on 16 October 2017 (the "General Meeting").

1. Lisala sp. z o.o. - 230,930,856 shares carrying 70.56% of the votes at the General Meeting and representing 55.96% of the total number of votes at the general meeting of the Company;

2. AVIVA Otwarty Fundusz Emerytalny AVIVA BZ WBK - 41,262,000 shares carrying 12.61% of the votes at the General Meeting and representing 10.00% of the total number of votes at the general meeting of the Company;

3. Nationale-Nederlanden Otwarty Fundusz Emerytalny - 51,000,000 shares carrying 15.58% of the votes at the General Meeting and representing 12.36% of the total number of votes at the general meeting of the Company.

Legal basis: Article 70 (3) of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and on Public Companies (Journal of Laws of 2005 No. 184 item 1539).