GTC - Globe Trade Centre S.A. — Capital/Financing Update 2016

Jul 15, 2016

Current report No. 18/2016

15 July 2016

Refinancing of material loan facilities

The management board of Globe Trade Centre S.A. (the "Company") herebyannounces that a material agreement regarding the financing of the DunaTower office project in Budapest was concluded on 14 July 2016 with OTPBank Nyrt (the "Bank"). The total nominal amount of the new loan is EUR28 million. The new loan bears variable interest based on Euriborincreased by the applicable margin. The loan will amortize over a periodof 15 years.

Furthermore, the Company and the Bank undertook to refinance the EUR38.9 million CenterPoint loans currently financed by MKB Bank Zrt. witha new EUR 47 million loan facility bearing the same conditions as theDuna Tower loan.

The security of the loans is standard for this type of agreement,including an undertaking to enter into cross-collateral provisionsbetween the Duna Tower project and CenterPoint project, once the latteris refinanced.

Legal basis: Article 17 section 1 of the Market Abuse Regulation -inside information.