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

Apr 28, 2021

The conclusion of the sale purchase agreement of 100% of the capitalof Winmark Ingatlanfejlesztő Kft., a Hungarian company, the owner ofEricsson Head Quarter Office Building and the Siemens Evosoft HeadQuarter Office Building, Univerzum in Budapest.

The management board of Globe Trade Centre SA ("GTC") informs that asale purchase agreement of 100% of the capital of WinmarkIngatlanfejlesztő Kft ("Winmark") ("Agreement"), a wholly ownedHungarian limited liability company, owner of the Ericsson Head QuarterOffice Building (‘Ericsson') and the Siemens Evosoft Head Quarter OfficeBuilding, Univerzum (‘Univerzum') in Budapest, Hungary was concluded on27 April 2021 between WINGPROP Ingatlanfejlesztő és Beruházó ZártkörűenMűködő Részvénytársaság, a company incorporated and existing under thelaws of the Hunagry (the "Seller") and GTC Real Estate DevelopmentHungary Zrt (the "GTC Hungary", "Buyer").

Ericsson was completed in 2017 and comprises of 21,100 sq m GLA. Thebuilding is 100% leased to Ericsson and the canteen operator. Univerzumwas completed in 2020 and comprises of 20,700 sq m GLA. The building is100% leased to Siemens with a sublet to Evosoft. Both buildings haveLEED Gold green certifications. GTC intends to hold the building as partof the income producing portfolio.

The purchase price for Winmark under the Agreement amounted to EUR160,300,000.00 (one hundred sixty million three hundred thousand euros),which as at the date of this current report, based on the averageEUR/PLN exchange rate announced by the National Bank of Poland, amountsto PLN 731,176,390.00 (seven hundred thirty-one million one hundredseventy-six thousand three hundred ninety PLN 0/100).

The purchase of the Winmark will be financed by Buyer's own fundscombined with bank loan in the amount of approximately EUR 80,000,000.00(eighty million euros) which as at the date of this current report,based on the average EUR/PLN exchange rate announced by the NationalBank of Poland, amounts to PLN 364,904,000.00 (three hundred sixty-fourmillion nine hundred four thousand PLN 0/100).

The closing of the transaction is expected in the second quarter of 2021following completion of standard conditions precedent.

Neither GTC nor its managers or supervisors have any relationship withthe Seller or with the Seller's managers, except for the relationsresulting from the Agreement.

Legal grounds: Article 17 of the 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.