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

Jun 23, 2020

Subject: : Notification of a change in the shareholding of Globe TradeCentre S.A.

The Management Board of Globe Trade Centre S.A. ("Company") herebyreports that on 23 June 2020 the Company received from LSREF III GTCINVESTMENTS B.V. ("LSREF") and Lone Star Real Estate Partners III, L.P.("Lone Star") a notification of a change in the shareholding of theCompany issued pursuant to Article 69 section 1 item 2 in conjunctionwith Article 87 section 5 item 1 of the Act of 29 July 2005 on PublicOffering, the Conditions Governing the Introduction of FinancialInstruments to Organised Trading, and on Public Companies.

According to the notification, on 23 June 2020, as a result of thedisposal of the shares held by LSREF in the share capital of GTC DutchHoldings B.V. (the majority shareholder of the Company) to GTC HoldingZártkörüen Müködö Részvénytársaság, the indirect disposal of 298,575,091(two hundred and ninety-eight million, five hundred and seventy-fivethousand and ninety-one) shares in the Company constituting 61.49% ofthe shares in the share capital of the Company, corresponding to298,575,091 (two hundred and ninety-eight million, five hundred andseventy-five thousand and ninety-one) votes at the general meeting ofthe shareholders of the Company constituting 61.49% of the votes at thegeneral meeting of shareholders of the Company occurred.

As at the date of the notification, LSREF and Lone Star do not, eitherdirectly or indirectly, hold any shares in the share capital of theCompany.

Furthermore, with reference to current reports No. 11/2020 and 12/2020,the Management Board of the Company informs that due to the receipt bythe Company of the notification referred to in this current report, thedismissal of Thomas Kurzmann from the position of member of theManagement Board of the Company and the resignations of members of theSupervisory Board of the Company are effective as of 23 June 2020.