Conclusion of investment certificates purchase contract in Issuer’s Capital Group

The Management Board of Echo Investment S.A. (hereinafter referred to as the "Issuer") hereby reports that today the Issuer received contracts dated the 18th of November 2015, which were concluded by the Issuer (hereinafter referred to as the "Buyer") and a direct and indirect 100% subsidiary of the Issuer, BARCONSEL HOLDINGS LIMITED with its registered office in Nicosia (Cyprus), entered in the Register under the number HE 227819 (hereinafter referred to as the "Seller"), concerning the purchase of the following by the Issuer:
a) 7,003 (say: seven thousand three) registered investment certificates of C and D series (3,409 investment certificates of C series and 3,594 investment certificates of D-series), which were issued by FORUM XXXIV Closed Investment Fund with its registered office in Kraków, entered in the register of investment funds operated by the District Court in Warsaw under the number RFi 586;
b) 1,490 (say: one thousand four hundred ninety) registered certificates of D and E series (559 investment certificates of D series and 931 investment certificates of E series), issued by FORUM XXIX Closed Investment Fund its registered office in Kraków, entered in the register of investment funds operated by the District Court in Warsaw under the number RFi 536;
c) 3,376,443 (say: three million three hundred seventy six thousand four hundred forty three) registered investment certificates of B series, issued by FORUM 60 Closed Investment Fund with its registered office in Kraków, entered in the register of investment funds operated by the District Court in Warsaw under the number RFi 1,048. The total value of the contracts transferring ownership of the above-mentioned investment certificates was PLN 4,068,183 thousand (say: four billion sixty eight million one hundred eighty three thousand zlotys). The sales price will be paid directly by the Buyer to the Seller until the 31st of December 2015. The acquisition of the above-mentioned assets will be financed by the Issuer and the Issuer"s capital group from their own funds.
The book value of the certificates sold in the accounting books of BARCONSEL HOLDINGS LIMITED is EUR 809,832 thousand, which equals PLN 3,437,010 thousand (say: three billion four hundred thirty seven million ten thousand zlotys) on the day of publishing this report. The above contracts are meant to order and simplify the structure of the Issuer"s Capital Group by eliminating the Seller (a company with its registered office in Cyprus) as an indirect entity in terms of Issuer"s control of Closed Investment Funds. The above contracts have a neutral influence on the economic situation of the Issuer and the entire Capital Group. The contracts were considered significant on the basis of the Issuer"s equity criteria.
Legal basis: §5 (1.1 and 1.3) 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 no. 33 item 259).