GTC - Globe Trade Centre S.A.

Capital/Financing Update • Feb 24, 2025

Report Content Further to current reports No. 3/2020 dated 13 February 2020 and 2/2021dated 19 March 2021, the management board of Globe Trade Centre S.A.(the "Company") announces that on 24 February 2025, GTC Galeria CTWA sp.z o. o., the Company's wholly owned subsidiary operating GaleriaJurajska project, entered into an amendment and restatement agreement toa facility agreement with Erste Group Bank AG and RaiffeisenlandesbankNiederosterreich-Wien AG (the "Financing Parties") concerning thefinancing of the Galeria Jurajska project (the "Amendment andRestatement Agreement").

Pursuant to the Amendment and Restatement Agreement, the FinancingParties agreed to extend of maturity and certain other terms of theagreement and restatement to the facility agreement dated 13 February2020.

Pursuant to the facility agreement as amended by the Amendment andRestatement Agreement. GTC Galeria CTWA sp. z o. o shall pay interestbased on 3M EURIBOR increased by applicable margin. The Loan will matureon 24 February 2030. As at the date of signing the Amendment andRestatement Agreement, the principal amount outstanding under the loanwas EUR 100,650,000.

The facility remains secured by the existing documentation and inaddition will be secured, inter alia, by new standard securityinstruments for such financing, including: (i) submissions toenforcement of the borrower and the shareholder (only from the pledgedshares), (ii) mortgage on the borrower's real property in order tosecure claims of Raiffeisenlandesbank Niederosterreich-Wien AGunder newhedging agreement, (iii) powers of attorney to bank accounts, (iv)accounts blockade.

The entry into force of the amended and restated facility agreementbased on the Amendment and Restatement Agreement is subject to a numberof standard conditions precedent. The terms and conditions of theagreement do not differ from the generally applied standards for thistype of agreement.

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.