Selection of auditor

The Management Board of Echo Investment S.A. (the Issuer) hereby reports that on the 2nd of July 2015 the Supervisory Board of Echo Investment S.A. passed a resolution on the selection of an auditor to review and audit financial reports of Echo Investment S.A. and the Echo Investment Capital Group.
Acting pursuant to §13 (1.b) of the Issuer"s Statute, the Supervisory Board has chosen Ernst & Young Audyt Polska Sp. z o.o. Sp. k. with its seat at 1 Rondo ONZ in Warsaw, entered in the list of auditors under the number 130 (the Auditor), as the entity entitled to review Issuer"s financial reports in 2015.
The Supervisory Board authorized the Management Board to conclude a contract with the Auditor with regard to the review of the separate and the consolidated financial reports for H1 2015 and the audit of the separate and the consolidated financial reports for 2015. The Issuer and the Capital Group of the Issuer did not use the Auditor"s services in terms of the review or audit of financial reports in the previous years. Legal basis: §5 (1.19) and §25 of the Regulation of the Minister of Finance 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(Journal of Laws of 2014 item 133).