GTC - Globe Trade Centre S.A. — Major Shareholding Notification 2020

Oct 28, 2020

Receipt of notification from GTC Holding Zártkörűen MűködőRészvénytársaság regarding an increase to 66% in the total number ofvotes in the Globe Trade Centre S.A.

The management board of Globe Trade Centre S.A. (the "Company") herebyinforms that on 27 October 2020, the Company received a notificationfrom GTC Holding Zártkörűen Működő Részvénytársaság with its registeredoffice in Budapest, Hungary ("GTC Holding Zrt") regarding an increase to66% in the total number of votes in the Company ("Notification").

GTC Holding Zrt hereby notify that as a result of acquisition conductedon 22 October 2020 of 21,891,289 shares of the Company, entitling to21,891,289 votes in the Company, representing 4.51% of the share capitalof the Company and carrying the right to 4.51% of the total number ofvotes in the Company, thus the direct and indirect shareholding of GTCHolding Zrt (i) representing currently more than 10% of total votes inthe Company changed by at least 2% of total number of votes in theCompany and (ii) representing currently more than 33% of total votes inthe Company changed by at least 1% of total number of votes in theCompany.

In the Notification the GTC Holding Zrt announced that:

• the acquisition of the above-mentioned shares in the share capital ofthe Company took place as a result of the conclusion on 22 October 2020and settlements on 23 October 2020 (in relation to shares acquired fromother than South African shareholders of the Company) and on 27 October2020 (in relation to shares acquired from South African shareholders ofthe Company) of transactions of the acquisition of the Company's sharescovered by acceptance subscriptions for the sale of shares under thetender offer for the sale of shares in the Company announced by GTCHolding Zrt on 7 September 2020 ("Tender Offer");

• before the abovementioned acquisition, GTC Holding Zrt did not holdany shares in the Company directly, but it held indirectly through itsfully owned subsidiary GTC Dutch Holdings B.V. with its registeredoffice in Amsterdam, the Netherlands (the "Majority Shareholder")298,575,091 shares of the Company, entitling to 298,575,091 votes in theCompany representing 61.49% of the share capital of the Company andcarrying the right to 61.49% of the total number of votes in the Company;

• after the abovementioned acquisition, GTC Holding Zrt holds jointly320,466,380 shares of the Company, entitling to 320,466,380 votes in theCompany, representing 66% of the share capital of the Company andcarrying the right to 66% of the total number of votes in the Company,including:

 directly holds 21,891,289 shares of the Company, entitling to21,891,289 votes in the Company, representing 4.51% of the share capitalof the Company and carrying the right to 4.51% of the total number ofvotes in the Company; and

 indirectly (i.e. through the Majority Shareholder) holds 298,575,091shares of the Company, entitling to 298,575,091 votes in the Company,representing 61.49% of the share capital of the Company and carrying theright to 61.49% of the total number of votes in the Company.

The GTC Holding Zrt announced that it holds 100% of the shares of theMajority Shareholder, which holds 298,575,091 shares of the Company,entitling to 298,575,091 votes in the Company, representing 61.49% ofthe share capital of the Company and carrying the right to 61.49% of thetotal number of votes in the Company.

The GTC Holding Zrt further stated that, there are no persons referredto in Article 87 section 1 point 3 letter c of the Polish Act on PublicOffering, the Conditions Governing the Introduction of FinancialInstruments to Organized Trading, and Public Companies of 29 July 2005.

Legal basis: Article 70 section 1 of the Polish Act on PublicOffering, the Conditions Governing the Introduction of FinancialInstruments to Organised Trading, and on Public Companies of 29 July 2005