Notification of transaction on Issuer’s securities

The Management Board of Echo Investment S.A. (hereinafter referred to as the Issuer) hereby reports that today the Issuer received a notification from a member of the Supervisory Board, signed on the 16th of January 2015, concerning the sale of 154,001 shares of Echo Investment S.A. The sales transactions were concluded as part of ordinary session transactions on the regulated market of the Warsaw Stock Exchange: - on the 12th of January 2015 the total volume of shares sold amounted to 15,425 shares at the average price of PLN 6.82; - on the 13th of January 2015 the total volume of shares sold amounted to 138,576 shares at the average price of PLN 6.65. The informer requested their personal details be withheld, referring to the content of §3 (2) of the Decree by the Minister of Finance dated the 15th of November 2005 on passing and making accessible information on certain transactions in financial instruments and rules of making and conducting lists of persons having access to certain confidential information.

Legal basis: article 160 (4) of the act on trade in financial instruments of the 29th of July 2005.