THIS MATERIAL AND THEINFORMATION CONTAINED HEREIN ARE SUBJECT TO RESTRICTIONS AND ARE NOTINTENDED FOR PUBLICATION, ANNOUNCEMENT, POSTING, DISTRIBUTION ORTRANSMISSION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN ANY PART, INTO THEUNITED STATES OF AMERICA, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OROTHER COUNTRIES WHERE PUBLICATION, ANNOUNCEMENT, POSTING, DISTRIBUTIONOR TRANSMISSION WOULD BE UNLAWFUL. THIS MATERIAL IS NOT AN OFFER OFSECURITIES IN ANY JURISDICTION. PLEASE READ THE LEGAL RESERVATIONS ATTHE END OF THIS MATERIAL.

Content of the Report:

With reference to CurrentReport No. 41/2023 dated 25 September 2023 Echo Investment S.A. with itsregistered office in Kielce (_quot;Echo_quot;) informs that, actingpursuant to the authorization granted in Resolution No. 3/IX/2023 of theExtraordinary General Meeting of Archicom S.A. with its registeredoffice in Wrocław (_quot;Company") dated 25 September 2023on increasing the Company's share capital through the issuance of seriesD ordinary bearer shares (_quot;Series D Shares_quot;) and series Eordinary registered shares (_quot;Series E Shares_quot;, and togetherwith Series D Shares, _quot;New Issue Shares_quot;) by way of privatesubscription, depriving existing shareholders of all preemptive rightswith respect to all Series D and Series E shares, amending the Company'sArticles of Association, applying for admission and introduction ofSeries D shares or rights to Series D Shares and Series E Shares totrading on the regulated market operated by the Warsaw Stock Exchange S.A. and dematerializing Series D Shares or rights to Series D Shares andSeries E Shares (_quot;Issue Resolution_quot;), the Management Boardof the Company, having completed on 26 September 2023 the acceleratedbook building process for the New Issue Shares and the Sale Shares (asdefined below) and taking into account the results thereof, hasdetermined with the consent of the Supervisory Board of the Company that:

1)_#160;_#160;_#160;_#160;_#160;The issueprice of Series D Shares and Series E Shares is the same and amounts toPLN 22.00 per New Issue Share (_quot;Issue Price_quot;).

2)_#160;_#160;_#160;_#160;_#160;The Companyshall submit to: (i) the Eligible Investors, as defined in the IssueResolution (other than Echo or Echo's subsidiaries) offers to subscribefor a total of3,892,568Series D Shares, and(ii) DKR Echo Investment sp. z o.o. (_quot;Selling Shareholder_quot;),a subsidiary in which Echo holds all the votes at the Shareholders'Meeting, an offer to subscribe for a total of6,107,432Series E Shares.

Furthermore, the ManagementBoard of Echo informs that it has become aware of the completion on 26September 2023 of the accelerated book building process for the sale bythe Selling Shareholder of the Company's existing ordinary bearer shares(_quot;Sale Shares_quot;). As a result of the accelerated bookbuilding process, the Selling Shareholder has determined that:

1)_#160;_#160;_#160;_#160;_#160;The sellingprice of the Sale Shares is equal to the Issue Price and amounts to PLN22.00 per Sale Share.

2)_#160;_#160;_#160;_#160;_#160;The SellingShareholder shall sell 6,107,432 Sale Shares to the Eligible Investors,and the Selling Shareholder has confirmed its intention to subscribe forthe same number of Series E Shares, i.e.,6,107,432Series E Shares.

Consequently, as a resultof the book building process for the New Issue Shares and the SaleShares:

1)_#160;_#160;_#160;_#160;_#160;10,000,000sharesof the Company (in aggregate), including3,892,568SeriesD Shares and6,107,432Sale Shares shall beintended for subscription and acquisition by the Eligible Investors(other than Echo or Echo's subsidiaries).

2)_#160;_#160;_#160;_#160;_#160;6,107,432Series E Shares shall be intended for subscription by the SellingShareholder.

Legal reservations:

This current report hasbeen prepared in accordance with the requirements of Article 17.1 ofRegulation (EU) No 596/2014 of the European Parliament and of theCouncil of 16 April 2014 on market abuse (Market Abuse Regulation) andrepealing Directive 2003/6/EC of the European Parliament and of theCouncil and Commission Directive 2003/ 124/EC, 2003/125/EC and2004/72/EC and Article 56.1.2 of the Act of 29 July 2005 on publicoffering and conditions for introducing financial instruments toorganized trading and on public companies.

This current report isfor information purposes only and constitutes the fulfilment of thedisclosure_#160;requirementimposed on Echo Investment S.A. with its registered office in Kielce(_quot;Echo_quot;) as a public company whose shares are admitted and introduced totrading on the regulated market operated by the Warsaw Stock Exchangeand (i) it is not made available to promote, directly or indirectly, thepurchase or acquisition of the securities of Echo or its subsidiaries,including Archicom S.A. (_quot;Company_quot;) or to solicit, directlyor indirectly, the purchase or acquisition thereof, and (ii) it does notconstitute advertising or promotional material prepared or published byEcho for the purposes of promoting the securities of Echo or itssubsidiaries, including the Company, the subscription, purchase or offerthereof, or to solicit investors, directly or indirectly, to purchase orsubscribe for such securities.

This current report isnot an advertisement as defined in Article 22 of Regulation (EU)2017/1129 of the European Parliament and of the Council of 14 June 2017on the prospectus to be published when securities are offered to thepublic or admitted to trading on a regulated market and repealingDirective 2003/71/EC.

This current report andthe information contained herein are not intended for publication,announcement, posting or dissemination, directly or indirectly, in orinto the United States of America, Australia, Canada, Japan, SouthAfrica or any other country where public dissemination of theinformation contained herein may be restricted or prohibited by law. Thesecurities referred to herein have not been and will not be registeredunder the U.S. Securities Act of 1933, as amended, and may not beoffered or sold in the United States of America except in transactionsnot subject to, or pursuant to an exception to, the registrationrequirements of the Securities Act. This current report is not aninvitation to guarantee, underwrite, subscribe for, or otherwise acquireor dispose of any securities in any jurisdiction.

This current report andthe terms described herein may not constitute the basis for action bypersons other than Eligible Investors (as defined in this currentreport) or be used by such persons. Any investments or investmentactivities covered by this current report and the conditions describedherein apply only to Eligible Investors. Apart from any duties andobligations that may be imposed on the Manager under applicableregulations, Powszechna Kasa Oszczedności Bank Polski Spółka Akcyjna -Oddział w Warszawie (_quot;Manager_quot;), its related entities andrepresentatives do not and will not bear any liability and will not makerepresentations or warranties, express or implied, as to the accuracy orcompleteness of this current report.

In particular, theManager will not be liable to anyone other than Echo, the Company andDKR Echo Investment sp. z o.o. (_quot;Selling Shareholder_quot;) inthe context of providing protection to its clients, nor will the Managerprovide advice on the offer or sale of shares covered by this currentreport (_quot;Offered Shares_quot;) or on other matters referred toherein, to entities other than Echo, the Company and the SellingShareholder.

The distribution ofinformation about the offer or sale of the Offered Shares, includingthis current report, may be restricted by law in certain jurisdictions.Echo, the Company, the Selling Shareholder, the Manager or their relatedentities have not taken any action that could or is intended to enablethe offering or sale of the Offered Shares in any jurisdiction, or toresult in the possession or dissemination of any offer or advertisingmaterial regarding the Offered Shares, including this current report, inany jurisdiction where action is required for this purpose.

This current report doesnot identify or suggest, and is not intended to identify or suggest, therisks (direct or indirect) that may be associated with an investment inthe Offered Shares. Any investment decision to subscribe for or purchasethe Offered Shares as part of the offer or the sale of such shares, mustbe made solely on the basis of publicly available information that hasnot been independently verified by the Managers.

This current report doesnot constitute a recommendation regarding the investor's decision on theoffer or sale of the Offered Shares. Each investor or potential investorshould conduct his or her own research, analysis and evaluation ofpublicly available information, including that described in this currentreport.