GTC - Globe Trade Centre S.A. — Capital/Financing Update 2017

Dec 6, 2017

Subject:Annex to a material agreement concerning the financing ofthe construction of Galeria Północna in Warsaw

Further to current report No. 30/2015 dated 19 August 2015, themanagement board of Globe Trade Centre S.A. ("GTC") hereby announcesthat on 6 December 2017, Centrum Światowida Sp. z o.o. with itsregistered office in Warsaw ("Centrum Światowida"), a subsidiary of GTC,concluded an annex to the credit facilities agreement dated 17 August2015 (the "Agreement") executed with Bank Polska Kasa Opieki S.A. withits registered office in Warsaw ("Bank Pekao") concerning financing andrefinancing of Galeria Północna located at ul. Światowida 17 in Warsaw,the district of Białołęka (the "Project") (the "Annex").

The Annex increases the amount of the investment loan available forCentrum Światowida to up to EUR 200,000,000.00 from the current EUR150,000,000.

The Loans will be repaid in monthly instalments and subsequently by aone-off payment of the remaining principal amount at maturity. CentrumŚwiatowida is required to pay to Bank Pekao standard preparation costsand interest at a rate of 3M EURIBOR, increased by margin.

Legal basis: Article 17(1) of Regulation (EU) No 596/2014 of theEuropean Parliament and of the Council of 16 April 2014 on market abuse(market abuse regulation) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC - inside information.