GTC - Globe Trade Centre S.A. — Major Shareholding Notification 2018

Jul 11, 2018

Notifications of changes in the shareholding of Globe Trade CentreS.A. received from Powszechne Towarzystwo Emerytalne PZU S.A. acting onbehalf of Otwarty Fundusz Emerytalny PZU "Złota Jesień"

The management board of Globe Trade Centre S.A. (the "Company") herebyannounces that it has received a notification from PowszechneTowarzystwo Emerytalne PZU S.A. acting on behalf of Otwarty FunduszEmerytalny PZU "Złota Jesień" (the "OFE PZU") that on 9 July 2018 OFEPZU obtained information published by the Company on 6 July 2018 incurrent report no 15/2018 that on 5 July 2018 the District Court for theCapital City of Warsaw in Warsaw registered an increase of the sharecapital and an amendment of the articles of association of the Company(the "Notification"). As a result of registration of the increase of theCompany's share capital indicated above, the share of Otwarty FunduszEmerytalny PZU "Złota Jesień" in the total number of votes in theCompany has decreased and fallen below the 10% threshold of the totalnumber of votes.

Before the registration of the increase of the share capital of theCompany, OFE PZU held 47,922,603 ordinary shares in the Company, whichjointly represented 10.19% of its share capital and entitled OFE PZU toexercise 47,922,603 votes at the general meeting of the Company, i.e.10.19% of the total number of votes at the general meeting of theCompany.

After the registration of the increase of the share capital of theCompany, OFE PZU holds 47,922,603 ordinary shares in the Company, whichjointly represents 9.91% of its share capital and entitles OFE PZU toexercise 47,922,603 votes at the general meeting of the Company, i.e.9.91% of the total number of votes at the general meeting of the Company.

OFE PZU has also notified that:

• It does not have subsidiaries which hold shares in the Company,

• A situation referred to Article 69 section 4 point 6 of the Polish Acton Public Offering, the Conditions Governing the Introduction ofFinancial Instruments to Organised Trading, and on Public Companies of29 July 2005 does not take place,

• It does not hold financial instruments referred to Article 69b section1 point 1 and 2 of the act mention above.

Additionally, the management board of the Company announces that due tothe above mentioned, on 11 July 2018, i.e. on the date of receipt of theNotification, the mandate of Ryszard Wawryniewicz as a Supervisory Boardexpired pursuant to Article 9 point 2 of the Company's Articles ofAssociation.

A legal basis:§ 70 point 1 of the Polish Act on PublicOffering, the Conditions Governing the Introduction of FinancialInstruments to Organised Trading, and on Public Companies of 29 July2005 and § 5 point 4 of the Regulation of the Minister of Finance of 29March 2018 on current and periodic disclosures by issuers of securitiesand the conditions for recognising as equivalent the information that isrequired by the laws of a non-member state.