GTC - Globe Trade Centre S.A. — M&A Activity 2021

May 22, 2021

Conclusion of a sale and purchase agreement concerning an officeportfolio in Belgrade, Serbia.

The management board of Globe Trade Centre SA ("GTC") announces that on21 May 2021 a sale and purchase agreement (the "Agreement") was signedconcerning the sale of the entire share capital of

i) Atlas Centar d.o.o. Beograd, Demo Invest d.o.o. Novi Beograd, GTC BBCd.o.o., GTC Business Park d.o.o. Beograd and GTC Medjunarodni RazvojNekretnina d.o.o. Beograd, each a Serbian company, 30% owned by GTC and70% owned by Office Planet Kft. (a Hungarian company 100% owned by GTCHungary Real Estate Development Zrt), and

ii) Commercial and Residential Ventures d.o.o. Beograd, a Serbiancompany 100% owned by GTC, (collectively: the "Sale Companies"), amongGTC and GTC Hungary Real Estate Development Zrt. as sellers and aHungarian limited liability company from the Indotek Group, as the buyer(the "Buyer").

The Sale Companies are owners of a portfolio of office buildings inBelgrade, Serbia, detailed as follows:

Project name; Company name; GLA(sqm); Year of construction (acquisition)

Green Heart; Atlas Centar d.o.o. Beograd; 46,269 sqm; 2008/2020

FortyOne; Demo Invest d.o.o. Novi Beograd; 28,033 sqm; 2015-2017

BBC; GTC BBC d.o.o.; 17,849 sqm; 2009 (2017)

19th Avenue; GTC Business Park d.o.o. Beograd; 16,707 sqm; 2008

GTC House; GTC Međunarodni Razvoj Nekretnina d.o.o. Beograd; 13,317 sqm;2005

Total 122,175 sqm

The purchase price under the Agreement shall be calculated on anenterprise value basis, based on a property value of aggregate EUR 267.6million or PLN 1,203.1 million, based on the average EUR/PLN exchangerate announced by the National Bank of Poland equal to EUR 4.4958 perPLN and will be subject to adjustments. The aggregate book value of theproperties held by the Serbian Companies as at 31 December 2020 amountedto EUR 265.6 million or PLN 1,194.1 million, based on the averageEUR/PLN exchange rate announced by the National Bank of Poland equal toEUR 4.4958 per PLN. The transaction will result in recognition of profiton the revaluation of assets of EUR 2 million or PLN 9 million, based onthe average EUR/PLN exchange rate announced by the National Bank ofPoland equal to EUR 4.4958 per PLN.

The closing of the transaction is expected to take place in the thirdquarter of 2021 following the satisfaction of customary conditionsprecedent, including the completion of acquisition debt financing by theBuyer.

None of GTC, its subsidiaries or their respective management orsupervisory board members have any relationship with the Buyer or withthe Buyer's managers other than the relationship resulting from theAgreement.

Legal grounds: Article 17 section 1 of the Regulation (EU) No596/2014 of the European Parliament and of the Council of 16 April 2014on market abuse (Market Abuse Regulation) and repealing Directive2003/6/EC of the European Parliament and of the Council and CommissionDirectives 2003/124/EC, 2003/125/EC and 2004/72/EC.