Resolution of Issuer’s Annual Meeting of Shareholders on distribution of profit for 2015

The Management Board of Echo Investment S.A. (the Company) hereby publishes the text of its resolution on the distribution of profit for 2015. RESOLUTION No. 5
of the Annual General Meeting
of the Company operating under the name Echo Investment S.A. 
seated in Kielce as of  June 28th, 2016
on: distribution of profit for 2015 § 1.     Distribution of profits 1.    The General Meeting of Shareholders of Echo Investment S.A., acting pursuant to Art. 395 §     2 sub-clause 2, Art. 396 § 1 and Art. 348 § 3 of the Code of Commercial Companies, hereby     decides: 1.    to divide the net profit generated by the Company in the finished fiscal year 2015 amounting     to PLN 2,958,589,735.86 (say: two billion nine hundred fifty eight million five hundred eighty     nine thousand seven hundred thirty five zloty 86/100) in the following way:
    a) PLN 783,710,368.72 (say: seven hundred eighty three million seven hundred ten     thousand three hundred sixty eight zloty 72/100) to be earmarked for the Company"s     reserve capital;
    b) PLN 2,174,879,367.14 (two billion one hundred seventy four million eight hundred     seventy nine thousand three hundred sixty seven zloty 14/100) to be divided among all     Company"s shareholders (the Dividend); 2.    to credit towards the Dividend PLN 590,147,532.26 (say: five hundred ninety million one     hundred forty seven thousand five hundred thirty two zloty 26/100), which was paid by the     Company towards the dividend for fiscal year 2015 pursuant to a resolution of the     Company"s Management Board of December 23rd, 2015 to the Dividend (the Dividend     Advance Payment); 3.    the difference between the Dividend and the Dividend Advance Payment amounting to PLN     1,584,731,834.88 (say: one billion five hundred eighty four million seven hundred thirty one     thousand eight hundred thirty four zloty 88/100) (the Remaining Part of the Dividend) to be     divided among all Company"s shareholders i.e. pay the Remaining Part of the Dividend     amounting to PLN 3.84 (say: three zloty 84/100) per one share of the Company; 4.    to determine the date of the entitlement to the Remaining Part of the Dividend as July 5th,     2016 (the Dividend Day); 5.    to determine the payment date of the Remaining Part of the Dividend as July 8th, 2016. § 2.     Final provisions
The resolution enters into force upon adoption.

Legal basis: §38 of the Regulation of the Minister of Finance (Journal of Laws no. 33, item 259) of the 19th of February 2009 concerning current and periodical information published by issuers of securities and terms of recognizing as equivalent information required by laws of a non-Member State.