GTC - Globe Trade Centre S.A. — Major Shareholding Notification 2019

Dec 20, 2019

Notification 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 Center S.A. ("Company") herebyinforms that on 20 December 2019, it received a notification fromPowszechne Towarzystwo Emerytalne PZU SA (PTE PZU S.A.) acting on behalfof Otwarty Fundusz Emerytalny PZU "Złota Jesień" (OFE PZU) stating thaton 19 December 2019 the share of OFE PZU in the total number of votes inthe Company has decreased and fallen below the 10% threshold of thetotal number of votes . The change was due to settlement of the saletransaction of 5 500 shares of the Company (ISIN PLGTC0000037),concluded on 17 December 2019 on the Warsaw Stock Exchange.

The number of shares and votes held in the Company before and after thesale transaction is presented in the following table:

Number of shares held Percentage share in capital Number of votes heldPercentage share in number of votes held

Before the transaction 48 560 669 10.0011% 48 560 669 10.0011%

After the transaction 48 555 169 9.9999% 48 555 169 9.9999%

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 informes that due tothe above mentioned, on 20 December 2019, i.e. on the date of receipt ofthe Notification, the mandate of Ryszard Koper 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 Public Offering, theConditions Governing the Introduction of Financial Instruments toOrganised Trading, and on Public Companies of 29 July 2005 and § 5 point4 of the Regulation of the Minister of Finance of 29 March 2018 oncurrent and periodic disclosures by issuers of securities and theconditions for recognising as equivalent the information that isrequired by the laws of a non-member state.