GTC - Globe Trade Centre S.A.

Board/Management Information • Mar 15, 2024

Report Content Changes in the Supervisory Board of Globe Trade Centre SA

The Management Board of Globe Trade Center S.A. (_quot;Company_quot;) herebyinforms that on 15 March 2024, it received a written notice from GTCDutch Holdings B.V. with its registered office in Amsterdam, theNetherlands (the "Entitled Shareholder"), according to which theEntitled Shareholder revokes Mr. Bal_#225;zs Figura and Mr. MariuszGrendowicz from the positions of members of the Supervisory Board of theCompany, effective immediately.

Additionally, Entitled Shareholder, appoints Dr. Tam_#225;s S_#225;ndor and Mr.Csaba Cserven_#225;k as members of the Supervisory Board of the Company,effective as of the date of receipt of the written notice. Appointmentwas made pursuant to article 9 point 1 a)-c) of the Articles ofAssociation of the Company. Pursuant to the deposit certificate attachedto the notice, GTC Dutch Holdings B.V. holds 337,637,591 shares in theCompany, which constitute 58.80% of the Company's share capital, andtherefore is entitled to appoint members of the Supervisory Board of theCompany pursuant to the Articles of Association of the Company.

Dr. Tamas Sandor is a specially trained and experienced attorney-at-lawwho was and has been member and/or chairman of Supervisory Boards ofseveral companies in the Hungarian market. Mr. Sandor has more than 17years of experience as a lawyer in international Real Estate Developmentand M_amp;A markets, as well as in corporate governance and commercial law.

Dr. Tamas Sandor graduated with Master Degree from Faculty of Law andPolitical Sciences of Eötvös Lór_#225;nd University (ELTE) - Budapest.Besides having active membership in Budapest Bar Association afterpassing the bar exams with excellent qualification, Mr. Sandor hasacquired postgraduate Master of Laws (LL.M.) in Real Estate Law in 2010at Eötvös Lór_#225;nd University (ELTE) - Budapest.

According to his statement, Dr. Tam_#225;s S_#225;ndor is not entered in theregister of insolvent debtors maintained in compliance with the Act onthe National Court Register dated 20 August 1997, does not perform anyactivities outside of the Company's business which could be consideredcompetitive with respect thereto, does not participate in anycompetitive business either as a partner in a civil partnership or anyother type of partnership, and is not a member of the authorities of anycompetitive company or any other competitive entity. Dr. Tam_#225;s S_#225;ndoralso confirmed that he meets independence criteria of a supervisoryboard member set out by the European Commission in Annex II to theCommission Recommendation of 15 February 2005 concerning non-executiveor supervisory directors of stock exchange companies and committees ofthe (supervisory) board (Official Journal of the EU.L.05.52.51) andadditional requirements indicated in the Best Practices of CompaniesListed on the Warsaw Stock Exchange.

Mr. Csaba Cserven_#225;k is the Head of Controlling and Member of the Boardof Optima Investment Ltd since 2022. He joined Optima Group in 2017 as asenior accountant. Mr. Cserven_#225;k started his professional career asaccountant at VGD Hungary, later moving on to various positions in thefield finance and controlling at Docler Holding.

Mr. Cserven_#225;k graduated from the Faculty of Finance and Accountancy ofthe Budapest Business School in 2009 and holds an MBA Diploma. He alsostudied to become a tax advisor in Hungary. He has more than 15-yearexperience in accounting, finance, tax advisory and portfolio management.

According to his statement, Mr. Csaba Cserven_#225;k is not entered in theregister of insolvent debtors maintained in compliance with the Act onthe National Court Register dated 20 August 1997, does not perform anyactivities outside of the Company's business which could be consideredcompetitive with respect thereto, does not participate in anycompetitive business either as a partner in a civil partnership or anyother type of partnership, and is not a member of the authorities of anycompetitive company or any other competitive entity.

Legal basis: Art. 5 point 4 and 5 of the Regulation of the Council ofMinisters of 29 March 2018 concerning the submission of currentperiodical information by the securities' issuers and the conditions ofrecognizing as equal the information demanded by the national lawfulregulation of a country which does not hold the membership in EuropeanUnion