Convening Extraordinary General Meeting of Issuer’s Shareholders

Acting based on Art. 395 and Art. 399 § 1 in connection with Art. 402 1 and Art. 4022 of the Code of Commercial Companies, the Management Board of Echo Investment Spółka Akcyjna, with its registered seat in Kielce, hereby convenes an Extraordinary General Meeting of the Shareholders (hereinafter also the “General Meeting”) for 16 October 2017 for 10:00 am, to be held at the Company"s seat in Kielce at Al. Solidarności 36.  Agenda:
1. Opening the General Meeting.
2. Election of the Chairperson of the General Meeting.
3. Preparation of the attendance list.
4. Determination of the General Meeting"s validity and its capacity to adopt resolutions.
5. Adoption of the agenda.
6. Adoption of a resolution on determining the number of members of the Supervisory Board.
7. Adoption of a resolution on appointing a member of the Supervisory Board who meets the independence criteria applicable to members of audit committees set forth in the Act on Statutory Auditors, Audit Firms, and Public Supervision, dated 11 May 2017.
8. Adoption of a resolution on amending the Company"s Articles of Association.
9. Adoption of a resolution on adopting the uniform text of the Company"s Articles of Association.
10. Other business.
11. Closing the General Meeting. In accordance with Art. 4022 of the Code of Commercial Companies (hereinafter referred to as the CCC), the Management Board hereby submits the following information: Shareholders" right to request the inclusion of particular matters on the agenda of the General Meeting A shareholder or shareholders of Echo Investment S.A. representing at least one-twentieth of the share capital of Echo Investment S.A. may request that certain matters be placed on the agenda of the General Meeting. The request should be submitted to the Management Board of Echo Investment S.A. no later than twenty-one days before the scheduled date of the General Meeting, i.e. by 25 September 2017. The request should include an explanation or the draft resolutions to be included in the proposed agenda. The request may be submitted in electronic form, in PDF format, sent by email to: wza@echo.com.pl. Shareholders" right to propose resolutions Before the holding of the General Meeting of Echo Investment S.A., a shareholder or shareholders of Echo Investment S.A. representing at least one-twentieth of the share capital may submit draft resolutions concerning matters included in the agenda of the General Meeting or matters which are to be included in the agenda, in writing or by electronic means of communication, in PDF format, by sending an email to: wza@echo.com.pl: wza@echo.com.pl. Moreover, each shareholder may submit draft resolutions concerning matters included on the agenda during the Extraordinary General Meeting of the Shareholders. Exercising the right to vote by proxy A shareholder who is a natural person may participate in the Extraordinary General Meeting of the Shareholders and exercise their right to vote in person or by proxy. Shareholders who are not natural persons may attend the Extraordinary General Meeting of the Shareholders and exercise their right to vote through a person authorised to make declarations of will on their behalf or by proxy.
In order to be effective, the power of attorney shall be made in writing and attached to the minutes of the Extraordinary General Meeting of the Shareholders or provided in electronic form. The Instrument of Proxy Form is available on the website of Echo Investment S.A. in the Investor Relations / General Meetings of the Shareholders section as of the date of publication of this notice. The shareholder"s notice of appointing a proxy by means of electronic communication must be given by sending a file in PDF format to: wza@echo.com.pl. The shareholder should make every effort to allow for effective verification of the validity of the power of attorney. Information about the appointment of a proxy should include details of the proxy and the principal (indicating the name, address, phone number and email address of each of those persons or persons authorised to act on their behalf). Information about the appointment of a proxy sent electronically should also include an indication of the scope of the power of attorney, i.e. the number of shares with respect to which the right to vote will be exercised and the date and type of the General Meeting of Echo Investment S.A. at which the voting rights attached to these shares will be exercised. Echo Investment S.A. shall take appropriate action to identify the shareholder and the proxy in order to verify the validity of the power of attorney granted in electronic form. Verification may in particular include asking the shareholder and/or the proxy to confirm the power of attorney and its scope in electronic form or by telephone. Echo Investment S.A. stipulates that in this case, no answer to the questions asked during the verification shall be treated as a failure to verify the power of attorney and will constitute grounds for refusal to allow the proxy to participate in the General Meeting. Upon arrival at the General Meeting and before signing the attendance list, the proxy should present the original identity card listed in the Instrument of Proxy Form in order to confirm the identity of the proxy. The right to represent a shareholder which is not a natural person should be demonstrated by presenting, during the drawing up of the attendance list, a copy of the relevant registry entry (submitted as an original or a copy certified to be true by a notary public, legal counsel or advocate) or a series of powers of attorney, as the case may be. The person/persons granting a power of attorney on behalf of a shareholder which is not a natural person should be disclosed in an up-to-date copy of the relevant entry in the register appropriate for a given shareholder. If a member of the Management Board of Echo Investment S.A., a member of the Supervisory Board of Echo Investment S.A., a liquidator, an employee, a member of the governing bodies or an employee of a subsidiary of Echo Investment S.A. is a proxy at the General Meeting of the Shareholders, their power of attorney may authorise representation at only one General Meeting. The proxy must disclose any circumstances indicating any existing or possible conflict of interest to the shareholder. Granting further powers of attorney is not permitted. The proxy shall vote in accordance with the instructions provided by the shareholder. Possibility and manner of participation in the Extraordinary General Meeting of the Shareholders by means of electronic communication The Articles of Association of Echo Investment S.A. and the Regulations (By-Laws) of the General Meeting of the Shareholders of Echo Investment S.A. do not contain provisions enabling shareholders to participate in the Extraordinary General Meeting of the Shareholders by means of electronic communication. Expressing opinions during the Extraordinary General Meeting of the Shareholders by means of electronic communication The Articles of Association of Echo Investment S.A. and the Regulations (By-Laws) of the General Meeting of the Shareholders of Echo Investment S.A. do not contain provisions enabling shareholders to express their opinions during the Extraordinary General Meeting of the Shareholders by means of electronic communication. Rules governing postal ballots and voting by electronic means of communication The Articles of Association of Echo Investment S.A. and the Regulations (By-Laws) of the General Meeting of the Shareholders of Echo Investment S.A. do not contain provisions enabling shareholders to exercise their right to vote by postal ballot or by means of electronic communication. The date of registration for the Extraordinary General Meeting of the Shareholders The date of registration for the General Meeting is 30 September 2017 (the “Registration Day”). Information on the right to participate in the Extraordinary General Meeting of the Shareholders Only persons/entities that are shareholders of Echo Investment S.A. on the Registration Day have the right to participate in the Extraordinary General Meeting of the Shareholders. At the request of a holder of dematerialised bearer shares in Echo Investment S.A. which was submitted no earlier than after the announcement of the convocation of the Extraordinary General Meeting of the Shareholders and no later than on the first business day after the Registration Day, i.e. no later than 2 October 2017, the operator maintaining the securities trading account of such shareholder shall issue a personal certificate of entitlement to attend the General Meeting. Echo Investment S.A. hereby emphasises that only those persons/entities that are shareholders of Echo Investment S.A. on the Registration Day, i.e. on 30 September 2017, and that requested the operator of their securities trading accounts to issue a personal certificate of entitlement to attend the General Meeting – no earlier than after the announcement of the convocation of the Extraordinary General Meeting of the Shareholders and no later than on 2 October 2017 – shall have the right to participate in the General Meeting of the Shareholders. The list of shareholders entitled to participate in the General Meeting of the Shareholders will be displayed at the seat of Echo Investment S.A. at Al. Solidarności 36, 25-323 Kielce, from 8.00 a.m. to 5:00 p.m., during the business days preceding the Extraordinary General Meeting of the Shareholders, i.e. from 11 October 2017 to 13 October 2017.  A shareholder of Echo Investment S.A. may demand that the list of shareholders entitled to participate in the Extraordinary General Meeting of the Shareholders be sent to them free of charge by email, and shall provide their email address to which the list should be sent. The request should be submitted in writing or sent by email to: wza@echo.com.pl. Persons entitled to attend the Extraordinary General Meeting of the Shareholders are requested to register and collect their voting cards directly in front of the meeting hall one hour before the start of the meeting. Conditions for the access to documentation In accordance with Art. 4023 § 1 of the CCC, the documentation to be presented at the Extraordinary General Meeting of the Shareholders and the draft resolutions will be published on the website of Echo Investment S.A. from the date on which the General Meeting of the Shareholders is convened.
Comments of the Management Board or the Supervisory Board of Echo Investment S.A. concerning matters included on the agenda of the Extraordinary General Meeting of the Shareholders or matters which are to be placed on the agenda prior to the Extraordinary General Meeting will be available on the website of Echo Investment S.A. immediately after being drawn up. Any information relating to the General Meeting of the Shareholders of Echo Investment S.A. and the documentation associated with it will be posted on the Company's website at: www.echo.com.pl, section: Investor Relations/General Meetings of Shareholders. Correspondence related to the General Meeting should be directed to following the email address: wza@echo.com.pl. Additional information concerning the appointment of a member of the Company"s Supervisory Board who meets the independence criteria specified in the Act on Statutory Auditors, Audit Firms and Public Supervision dated 11 May 2017 (hereinafter the “Act”) The Management Board of the Company would like to state that the main purpose of convening the Extraordinary General Meeting of the Shareholders is to appoint a member of the Company"s Supervisory Board who meets the independence criteria set forth in Art. 129 section 3 of the Act (hereinafter: the “Independent Supervisory Board Member”). The requirement to appoint the Independent Supervisory Board Member is based on Art. 128 of the Act, which provides that an audit committee should operate in the Company. Art. 129 section 1 of the Act provides that the audit committee should consist of at least three (3) members, of whom at least the majority meets the independence criteria specified in Art. 129 section 3 of the Act. The Company is required to bring the composition of its audit committee in line with the new regulations by 21 October 2017 at the latest, which means that the Extraordinary General Meeting of the Shareholders, which is hereunder convened for 16 October 2017, should appoint an Independent Supervisory Board Member to the Company"s Supervisory Board. Given the fact that: – the main purpose of the Extraordinary General Meeting of the Shareholders is to appoint the Independent Supervisory Board Member;
– the Extraordinary General Meeting of the Shareholders convened for 16 October 2017 is the last General Meeting of the Company to be held before the entry into force of the above-mentioned requirement set forth in Art. 128 in connection with Art. 129 of the Act, and is the only possible date when the Company will be able to adjust the composition of its Audit Committee by appointing an Independent Supervisory Board Member by the required deadline; and
– the Extraordinary General Meeting of the Shareholders convened for 16 October 2017 will, among other things, amend the Articles of Association by adding the following proposed subparagraph 2 to the existing § 12: “With regard to the intended appointment of a member of the Supervisory Board required to meet the independence criteria specified in the applicable laws, the shareholder putting forward a candidate for a member of the Supervisory Board that is to meet such criteria is required to present such candidacy to the Company at least eight (8) business days before the scheduled date of the General Meeting of the Shareholders at which such candidate would be appointed to the Supervisory Board, together with all necessary information on such candidate (such information to be confirmed in writing by the candidate) and, if needed, to ensure at the request of the chairman of the Supervisory Board that the candidate appears (or participates in a teleconference or a videoconference) at a place and time specified by the chairman of the Supervisory Board before or after the General Meeting of the Shareholders so that an assessment can be made as to whether or not such candidate meets the independence criteria.”, the procedure for assessing the independence of the candidate for the Independent Supervisory Board Member will be carried out prior to such appointment. Given the foregoing, the Management Board requests that the Shareholders who nominate a candidate for an Independent Supervisory Board Member provide the Company, at least five (5) business days before the scheduled date of the Extraordinary General Meeting of the Shareholders, i.e. by 9 October 2017, with a filled-in questionnaire signed by the candidate, the form of which is posted, together with the documents associated with the announcement on the convocation of the Extraordinary General Meeting of the Shareholders, on the Company"s website (www.echo.com.pl). Detailed information about the EGM is available in the Investor Relations section.