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MESSAGE _ENGLISH VERSION_
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The Management Board of Echo Investment S.A. _the "Company"_
hereby informs, in relation to the preliminary
shares sale agreement dated 16 August 2025 _as amended_ between R4R
Poland spółka z ograniczoną odpowiedzialnością with its registered seat
in Warsaw, as seller _"R4R Poland"_, in which the Company
holds a stake of 30% shares, and Vantage Development spółka akcyjna with
its registered seat in Wrocław, as buyer _"Vantage
Development"_ _the "Preliminary Agreement"_
regarding sale by R4R Poland of 100% of the shares in 18 limited
liability companies being subsidiaries of R4R Poland i.e. _i_ R4R
Wrocław Rychtalska sp. z o.o., _ii_ R4R RE Wave 4 sp. z o.o., _iii_ R4R
Wrocław Jaworska II sp. z o.o., _iv_ Hotel Wrocław Grabiszyńska sp. z
o.o., _v_ R4R Wrocław Park Zachodni sp. z o.o., _vi_ R4R Poznań
Szczepanowskiego sp. z o.o., _vii_ R4R Poznań Nowe Miasto sp. z o.o.,
_viii_ R4R Łódź Wodna sp. z o.o., _ix_ R4R Łódź Kilińskiego sp. z o.o.,
_x_ R4R Warszawa Taśmowa sp. z o.o., _xi_ R4R Warszawa Woronicza sp. z
o.o., _xii_ M2 Hotel sp. z o.o., _xiii_ M2 Biuro sp. z o.o., _xiv_ R4R
Warszawa Wilanowska sp. z o.o., _xv_ Pimech Invest sp. z o.o., _xvi_ R4R
Gdańsk Kołobrzeska sp. z o.o., _xvii_ R4R RE Wave 3 sp. z o.o. and
_xviii_ R4R Kraków 3 Maja sp. z o.o. _jointly the "Subsidiaries"_,
that on 12 May 2026 the President of the Polish Office of Competition
and Consumer Protection issued its decision on the unconditional
clearance for the acquisition by Vantage Development of all the
Subsidiaries _which was a condition precedent envisaged by the
Preliminary Agreement_.
As a result of the approval from the
President of the Polish Office of Competition and Consumer Protection,
the closing of the transaction is expected to take place within
approximately the next two weeks. The drafts of the pay-off letters from
the banks providing financing to the Subsidiaries _which are the
remaining condition precedent under the Preliminary Agreement_ have
already been agreed with the relevant banks and will be obtained prior
to closing.
The Company reported the conclusion of
the Preliminary Agreement, the conclusion of the annex to the
Preliminary Agreement and the extension of the long stop date in the
current report dated 16 August 2025, No. 18/2025, in the current report
dated 1 December 2025, No. 27/2025 and in the current report dated 29
April 2026, No. 7/2026, respectively.
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RB: Zgoda Prezesa Urzędu Ochrony Konkurencji i Konsumentów na nabycie 100% udziałów w
kapitale zakładowym niektórych spółek zależnych od R4R Poland sp. z o.o. przez Vantage
Development S.A.
