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

Jan 27, 2020

Midroog ceased debt rating for Globe Trade Center S.A.

In reference to current report No. 2/2019 of 14 February 2019, theManagement Board of Globe Trade Centre S.A. ("Company"), herebyannounces that on 27 January 2020, Midroog (Israel-based credit ratingagency accredited by the State of Israel) announced cessation of debtrating for Globe Trade Center S.A. at the Company's request, in light ofnot raising debt in Israel. Prior to its cessation, the rating stood atA2.il with a stable horizon.

Legal grounds:§ 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.

Neither this current report nor the ratings issued by Midroogconstitute a recommendation to buy, hold, and/or sell securities and/orother financial instruments issued or relating to the Company and/ormake any other investment and/or forgo any of these actions.

Neither this current report nor the ratings issued by Midroogconstitute investment advice and/or financial advice, nor do theyaddress the appropriateness of any given investment for any specificinvestor, in particular retail investors. Each potential investor shouldseek and obtain 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.