GTC - Globe Trade Centre S.A. — Capital/Financing Update 2020

Nov 12, 2020

Scope Ratings assigned BBB-/Stable rating to Globe Trade Centre S.A.and its subsidiary GTC Real Estate Development Hungary Zrt.

The Management Board of Globe Trade Centre S.A. ("Company"), herebyannounces that on 12 November 2020, Scope Ratings ("Scope") assigned afirst-time issuer rating of BBB-/Stable to Globe Trade Centre S.A. andits subsidiary GTC Real Estate Development Hungary Zrt. The seniorunsecured debt rating is BBB-.

The rating is driven by GTC's market positioning in Central Eastern(CEE) and Southeastern Europe (SEE). The company benefits from a welllocated, relatively young property portfolio, which helps to attractblue-chip tenants, keeping occupancy high and supporting both stablecash flow and credit metrics.

Definitions of Scope's ratings are available at the following website:https://www.scoperatings.com, where Scope also discloses ratings,criteria and methodology.

The rating report is available onhttps://www.scoperatings.com/#!search/research/detail/165566EN

Legal grounds: § 17(1) of Regulation (EU) No 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation) and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC - inside information.

Neither this current report nor the ratings issued by Scope constitute arecommendation to buy, hold, and/or sell securities and/or otherfinancial instruments issued or relating to the Company and/or make anyother investment and/or forgo any of these actions.

Neither this current report nor the ratings issued by Scope constituteinvestment advice and/or financial advice, nor do they address theappropriateness of any given investment for any specific investor, inparticular retail investors. Each potential investor should seek andobtain professional advice in respect of his/her investments.

This current report is neither an offer of securities for sale, nor asolicitation of an offer to purchase/subscribe for securities, in anyjurisdiction.