Update on non-executive director ECHO POLSKA PROPERTIES N.V. (Incorporated in The Netherlands) (Company number 64965945) JSE share code: EPP ISIN: NL0011983374 LEI Code: 7245003P7O9N5BN8C098 (“EPP” or “the company”) UPDATE ON NON-EXECUTIVE DIRECTOR Shareholders are advised that the company has received information about the detention of Mr. Przemyslaw Krych, a non- executive director of the company, at the order of the Regional Prosecutor's Office in Katowice. Shareholders are further advised that the company received the following statement from Przemyslaw Krych's attorneys: “In connection with my detention today (19 December 2017), at the request of the Regional Prosecutor's Office in Katowice, I declare that I have not committed any crime and intend to prove my innocence in a manner resulting from the law.” The company does not know the content of the charges alleged against Mr. Przemyslaw Krych as it is a matter being heard behind closed doors. If it is established that these charges relate to activities involving the company's business, the company will conduct an independent investigation and take any other actions as it deems necessary to ensure the protection of the interests of the company and its shareholders. The board will monitor the situation closely and will update the market as appropriate. The board remains confident that its corporate governance policies and procedures are robust and that best business and governance principles have been adhered to by the company. 20 December 2017 JSE Sponsor Java Capital LuxSE Listing Agent M Partners More information: Magda Cieliczko, Marketing Director Echo Polska Properties Mobile: +48 603 203 619 magda.cieliczko@echo-pp.com Jacques de Bie, South Africa, Investor Relations, Singular Systems IR Mobile: +27 (0)82 691 5384 Michèle Mackey, South Africa, Investor Relations, Singular Systems IR Mobile +27 82 497 9827 Date: 20/12/2017 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.