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

Jun 25, 2020

Notification of a change in the shareholding of Globe Trade CentreS.A.

In reference to the current report no. 13/2020 dated 23 June 2020, theManagement Board of Globe Trade Centre S.A. ("Company") hereby reportsthat on 25 June 2020 it received from GTC HOLDING ZÁRTKÖRŰEN MŰKÖDŐRÉSZVÉNYTÁRSASÁG ("GTC Holding Zmr") registered in Budapest, Hungary, anotification issued pursuant to Article 69a section 1 item 3 inconjunction with Article 87 section 5 item 1 of the Act of 29 July 2005on Public Offering, the Conditions Governing the Introduction ofFinancial Instruments to Organised Trading, and on Public Companies.

According to the notification as a result of the acquisition on 23 June2020 from LSREF III GTC INVESTMENTS B.V. with its registered office inAmsterdam, the Netherlands of 100% of shares of GTC Dutch Holdings B.V.(the "Majority Shareholder"), which holds 298,575,091 shares in theCompany, entitling to 298,575,091 votes at the shareholders meeting ofthe Company, representing 61.49% of the shares in the share capital ofthe Company and carrying the right to 61.49% of the total number ofvotes at the shareholders meeting of the Company, GTC Holding Zmrindirectly reached 64.49% of the total number of votes at theshareholders meeting of the Company and as such exceeded the thresholdof 50% of the total number of votes at the shareholders meeting of theCompany.

Before the abovementioned acquisition, GTC Holding Zmr has not helddirectly or indirectly any shares of the Company.

After the abovementioned acquisition, GTC Holding Zmr (i.e. through theMajority Shareholder) holds indirectly 298,575,091 shares of theCompany, entitling to 298,575,091 votes at the shareholders meeting ofthe Company representing 61.49% of the shares in the share capital ofthe Company and carrying the right to 61.49% of the total number ofvotes at the shareholders meeting of the Company.

GTC Holding Zmr does not hold directly any shares of the Company.

Legal grounds: Art. 70 point 1 of the Act of 29 July 2005 on PublicOffering, the Conditions Governing the Introduction of FinancialInstruments to Organised Trading, and on Public Companies.