Echo Investment S.A. (WSE:ECH) signed a preliminary agreement to acquire a 66.01% stake in Archicom S.A. (WSE:ARH) from Dorota Jarodzka-Sródka, Kazimierz Sródka and Rafal Jarodzki for approximately PLN 430 million on February 17, 2021. Under the terms of the transaction, Echo Investment S.A. will pay PLN 237 million on the transaction day and the remaining PLN 188 million in bonds issued with a maturity date of 3.5 years, bearing interest at an annual rate of 5%. The transaction will exclude the development business carried out outside the Wroclaw agglomeration and two development projects in Kraków, as well as the architectural design studio - these assets will remain in the hands of the sellers. The condition for its closing is obtaining the consent of the President of the Office of Competition and Consumer Protection. Echo Investment S.A. As of April 6, 2021, the transaction has been approved by the Competition and Consumer Protection Office (UOKiK) in Poland. Ernst & Young Global Limited acted as accountant, Dentons Europe CS LLP acted as legal advisor and CMT Advisory Sp. z o.o. acted as financial advisor to Echo Investment. JLL also advised Echo Investment in the transaction. Pawel Zdort, Jacek Zawadzki, Monika Kierepa, Robert Krasnodebski, Marcin Iwaniszyn, Piotr Fedorowicz, Iwona Her, Marek Kanczew of Weil Gotshal & Manges Pawel Rymarz Spolka Komandytowa acted as legal advisors to founders of Archicom.

Echo Investment S.A. (WSE:ECH) completed the acquisition of 66.01% stake in Archicom S.A. (WSE:ARH) from Dorota Jarodzka-Sródka, Kazimierz Sródka and Rafal Jarodzki on April 22, 2021. The precise total price for the transaction is PLN 428.6 million. Furthermore, in connection with the Transaction, Echo Investment and remaining shareholders of Archicom entered into an option agreement pursuant to which Echo Investment will be entitled to acquire, or designate an entity to acquire, by March 15, 2023, all of the shares in the share capital of Archicom.