GTC - Globe Trade Centre S.A. — Capital/Financing Update 2021

Mar 19, 2021

Amendment to a material financing agreement concerning the financingof the Galeria Jurajska project

Further to current reports No. 3/2020 dated 13 February 2020 and 17/2020dated 15 July 2020, the management board of Globe Trade Centre S.A. (the"Company") announces that on 18 March 2021, GTC CTWA Sp. z o. o., theCompany's wholly owned subsidiary operating Galeria Jurajska project,entered into an annex to a loan agreement with Erste Group Bank AG andRaiffeisenlandesbank Niederosterreich-Wien AG (the "Financing Parties")concerning the financing of the Galeria Jurajska project (the "Annex").

Pursuant to the Annex, the Financing Parties agreed to waive the DSCR(debt service coverage ratio) covenant for a period to 30 September2022. In exchange, GTC CTWA Sp. z o. o. agreed to make the followingprepayment of the loan:

(i) a prepayment in the amount of EUR 5 million to be made no later than31 March 2021. This amount is constituting 4% of the amount outstandingunder the loan as at 31 December 2020.

Legal grounds: Art. 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.