Subject: Disposal by a subsidiary of the Issuer ofa 30% interest in an investment constituting an office building carriedout on a real property located in the area of ul. Towarowa in Warsaw

Further to the information published in the form ofcurrent report No. 31/2022, the Management Board of Echo Investment S.A.(the "Company" or the "Issuer") herebyreports that on 4 September 2025, Strood sp. z o.o. ("Strood"),in which the Company holds 100% of the shares, concluded, in theexercise of its put option, a share purchase agreement with Pebworth sp.z o.o. ("Pebworth"), a subsidiary of AFI Europe N.V.,concerning the sale by Strood of 30% of the shares in the share capitalof T22 Budynek B sp. z o.o. ("T22 Budynek B") (the "Agreement"and the "Transaction", respectively), holding a projectconstituting an office building ("Building B") within the Towarowa 22complex located in Warsaw (the "Project").

The parties set the initial purchase price of theshares in the share capital of T22 Budynek B at EUR 17,391,283, and therepayment amount of the intragroup debt related to the Transaction isPLN 28,291,272.05.

The initial purchase price for the shares in theshare capital of T22 Budynek B will be subject to further adjustments,pursuant to the procedures described in the Agreement and the conditionsset out therein.

Under the Agreement, the current intra-group debt ofT22 Budynek B, in its part relating to the financing provided by "Echo- Aurus" sp. z o.o. ("Echo-Aurus"), asubsidiary of the Company, was settled through its full repayment to thebenefit of Echo-Aurus and takeover by AFI Europe N.V.

The Transaction documentation contains therepresentations and warranties of the parties that are customary fortransactions of this type, as well as substantially standard contractualclauses concerning the parties' liability and security. The provisionsof the aforementioned documentation do not materially diverge from theprovisions commonly used in these types of transactions.