Subject:Execution by the Issuer's subsidiary of asale agreement for the real property located in Kraków on which theBrain Park A office building has been constructed
Legal basis: Article 17(1) of MAR - inside information
The Management Board of Echo Investment S.A. (theIssuer)informs that on 11 March 2026 the Issuer's subsidiary, i.e., "ECHO -ARENA" spółka z ograniczoną odpowiedzialnością with its registeredoffice in Kielce, as the seller (theSeller), and TransitionsEurope (Socitcivile de placement collectif immobilier(SCPI)capital variable)with its registered office in Paris,represented by Arkea Real Estate InvestmentManagement (socitpar actions simplifie (SAS)),as the buyer (thePurchaser, and together with the Seller,collectively referred to as theParties), entered into anagreement for the sale of a property located in Kraków that is held bythe Seller under the right of perpetual usufruct (theSale Agreement).
Subject of the Transaction
Under the Sale Agreement, the Purchaser acquired theSeller's real property and other assets including, in particular:
(a)the perpetual usufruct right to theland plot with cadastral number 773 located in Kraków at 1 FabrycznaStreet (the "Land"), the ownership right to the officebuilding designated as "Brain Park C" erected on the Land (the "Building"),as well as the structures erected on the Land, for which rights theDistrict Court for Kraków-Podgórze in Kraków, 4th Land and MortgageRegister Division, maintains land and mortgage register no.KR1P/00270324/5 (the "Property");
(b)title to the specified movable property.
The price under the Sale Agreement amounted to EUR34,000,000.00 plus VAT.
As part of the transaction, the Parties also enteredinto a building quality guarantee agreement (the "QualityGuarantee Agreement") and a rent guarantee agreement (the "RentGuarantee Agreement"). The principal terms of the Quality GuaranteeAgreement provide a quality guarantee in favor of the Purchaser for theBuilding and structures located on the Property. The principal terms ofthe Rent Guarantee Agreement provide for the Seller's coverage towardsthe Purchaser of rent payments and service charges for premises withinthe Building that were not leased to third parties as at the signingdate of the Sale Agreement, as well as for the premises which wereleased to third parties but were not yet handed over to the relevanttenant.
Additionally, the Seller will establish: (i) depositfor coverage of the rent-free periods covered under the Rent GuaranteeAgreement, (ii) deposit securing costs of removal of technical defectsidentified in the Building.
The provisions of the Sale Agreement do not deviatefrom those typically used in transactions of this kind. The SaleAgreement contains standard provisions for such transactions regardingthe seller's and buyer's representations and warranties and the Parties'liability.