Information on European Commission merger clearance decision issued pursuant to Council Regulation 139/2004 approving unconditionally conclusion by Echo Investment of the joint venture agreement with R4R S.à r.l.

In relation to the current reports nos. 18/2018 and 19/2018 of May 21, 2018, the Management Board of Echo Investment S.A. (the "Company") hereby informs that according to the information published on the website of European Commission, on July 6, 2018 the merger clearance decision approving unconditionally conclusion by the Company of the joint venture agreement with R4R S.à r.l..

The decision has not yet been published and received by the Company. The issuance by the European Commission of the decision approving unconditionally conclusion by Echo Investment of the joint venture agreement with R4R S.à r.l. was a condition precedent to establishment of the joint venture. Following the receipt of the decision by the Company, the Company will proceed with the finalization of the transaction documentation with R4R S.à r.l.. Legal basis: Article 17 sec. 1 of MAR - inside information.