GTC - Globe Trade Centre S.A. — Share Issue/Capital Change 2018

Jul 6, 2018

Registration of the increase of the share capital and the amendmentof the articles of association of Globe Trade Centre S.A.

The Management Board of Globe Trade Centre Spółka Akcyjna (the"Company") hereby announces that on 5 July 2018, the District Court forthe Capital City of Warsaw in Warsaw, XIII Commercial Division of theNational Court Register, registered the amendment to the Company'sarticles of association introduced by way of resolution No. 17 of theOrdinary General Meeting of the Company dated 17 May 2018 regarding theincrease of the Company's share capital through the issuance, solely tocertain shareholders of the Company as of the dividend record date, ofordinary series M bearer shares, the exclusion of all of the pre-emptiverights of the existing shareholders to all of the series M shares, theamendment of the Company's statute, the application for the admissionand introduction of the series M shares and/or rights to the series Mshares to trading on the regulated market operated by the Warsaw StockExchange and the dematerialisation of the series M shares and/or rightsto the series M shares.

The share capital amounts to PLN 48,353,699.60 (forty-eight million,three hundred and fifty-three thousand, six hundred and ninety-ninezlotys and 60/100) and is divided into 483,536,996 shares with a nominalvalue of PLN 0.10 each, including:

a) 139,286,210 (one hundred and thirty-nine million, two hundred andeighty-six thousand, two hundred and ten) series A shares having anominal value of PLN 0.10 (ten groszy) each;

b) 1,152,240 (one million, one hundred and fifty-two thousand, twohundred and forty) series B shares having a nominal value of PLN 0.10(ten groszy) each;

c) 235,440 (two hundred and thirty-five thousand, four hundred andforty) series B1 shares having a nominal value of PLN 0.10 (ten groszy)each;

d) 8,356,540 (eight million, three hundred and fifty-six thousand, fivehundred and forty) series C shares having a nominal value of PLN 0.10(ten groszy) each;

e) 9,961,620 (nine million, nine hundred and sixty-one thousand, sixhundred and twenty) series D shares having a nominal value of PLN 0.10(ten groszy) each;

f) 39,689,150 (thirty-nine million, six hundred and eighty-ninethousand, one hundred and fifty) series E shares having a nominal valueof PLN 0.10 (ten groszy) each;

g) 3,571,790 (three million, five hundred and seventy-one thousand,seven hundred and ninety) series F shares having a nominal value of PLN0.10 (ten groszy) each;

h) 17,120,000 (seventeen million, one hundred and twenty thousand)series G shares having a nominal value of PLN 0.10 (ten groszy) each;

i) 100,000,000 (one hundred million) series I shares having a nominalvalue of PLN 0.10 (ten groszy) each;

j) 31,937,298 (thirty-one million, nine hundred and thirty-seventhousand, two hundred and ninety-eight) series J shares with a nominalvalue of PLN 0.10 (ten groszy) each;

k) 108,906,190 (one hundred and eight million, nine hundred and sixthousand, one hundred and ninety) series K shares with a nominal valueof PLN 0.10 (ten groszy) each;

l) 10,087,026 (ten million, eighty-seven thousand, twenty-six) series Lshares with a nominal value of PLN 0.10 (ten groszy) each; and

m) 13,233,492 (thirteen million, two hundred and thirty-three thousand,four hundred and ninety-two) series M Shares with a nominal value of PLN0.10 (ten groszy) each.

The total number of votes resulting from all of the issued shares is483,536,996 votes.

Moreover, the Management Board of the Company presents the amendmentsintroduced to the Company's articles of association below.

The following is the new wording of Article 6 section 2 of the Company'sarticles of association introduced on the basis of resolution No. 17 of17 May 2018 of the Ordinary General Meeting of the Company and thestatement of the Company's Management Board dated 11 June 2018 regardingthe clarification of the share capital of the Company:

"The share capital of the Company amounts to PLN 48,353,699.60(forty-eight million, three hundred and fifty-three thousand, sixhundred and ninety-nine zlotys and 60/100) and is divided into:

a) 139,286,210 (one hundred and thirty-nine million, two hundred andeighty-six thousand, two hundred and ten) series A shares having anominal value of PLN 0.10 (ten groszy) each;

b) 1,152,240 (one million, one hundred and fifty-two thousand, twohundred and forty) series B shares having a nominal value of PLN 0.10(ten groszy) each;

c) 235,440 (two hundred and thirty-five thousand, four hundred andforty) series B1 shares having a nominal value of PLN 0.10 (ten groszy)each;

d) 8,356,540 (eight million, three hundred and fifty-six thousand, fivehundred and forty) series C shares having a nominal value of PLN 0.10(ten groszy) each;

e) 9,961,620 (nine million, nine hundred and sixty-one thousand, sixhundred and twenty) series D shares having a nominal value of PLN 0.10(ten groszy) each;

f) 39,689,150 (thirty-nine million, six hundred and eighty-ninethousand, one hundred and fifty) series E shares having a nominal valueof PLN 0.10 (ten groszy) each;

g) 3,571,790 (three million, five hundred and seventy-one thousand,seven hundred and ninety) series F shares having a nominal value of PLN0.10 (ten groszy) each;

h) 17,120,000 (seventeen million, one hundred and twenty thousand)series G shares having a nominal value of PLN 0.10 (ten groszy) each;

i) 100,000,000 (one hundred million) series I shares having a nominalvalue of PLN 0.10 (ten groszy) each;

j) 31,937,298 (thirty-one million, nine hundred and thirty-seventhousand, two hundred and ninety-eight) series J shares with a nominalvalue of PLN 0.10 (ten groszy) each;

k) 108,906,190 (one hundred and eight million, nine hundred and sixthousand, one hundred and ninety) series K shares with a nominal valueof PLN 0.10 (ten groszy) each;

l) 10,087,026 (ten million, eighty-seven thousand, twenty-six) series Lshares with a nominal value of PLN 0.10 (ten groszy) each; and

m) 13,233,492 (thirteen million, two hundred and thirty-three thousand,four hundred and ninety-two) series M Shares with a nominal value of PLN0.10 (ten groszy) each."

Disclaimer:

This announcement was prepared in accordance with Article 56.1 of thePolish Act on Public Offering, the Conditions Governing the Introductionof Financial Instruments to Organised Trading, and on Public Companiesdated 29 July 2005 (the "Act on Public Offering"). This announcement isfor information purposes only and is made to satisfy the informationrequirements with which Globe Trade Centre S.A., as a public company theshares in which are admitted and introduced to trading on the regulatedmarket operated by the Warsaw Stock Exchange, must comply; furthermore,it does not constitute or form any part of any offer or invitation todirectly or indirectly subscribe for, underwrite or otherwise acquiresecurities of Globe Trade Centre S.A., with its registered seat inWarsaw, or any solicitation of any offer to purchase or subscribe forsuch securities.

This announcement does not constitute any promotional campaign as setforth in Article 53.2 of the Act on Public Offering.

In particular, this announcement is not intended for distribution,whether directly or indirectly, from or to the United States of Americaor other jurisdictions where such distribution, publication or use isprohibited by law. The securities referred to in this announcement havenot been and will not be registered under the U.S. Securities Act of1933, as amended, and may be offered or sold in the United States ofAmerica exclusively under an exemption or as part of transactions thatare not covered by the registration requirements under the U.S.Securities Act.

Legal basis: § 5 point 1 of the Regulation of the Minister of Finance of29 March 2018 on current and periodic disclosures by issuers ofsecurities and the conditions for recognising as equivalent theinformation that is required by the laws of a non-member state.