GLOBE TRADE CENTRE S.A. - Opinion of the management board of Globe Trade Centre S.A. concerning the tender offer announced by GTC Holding

Opinion of the management board of Globe Trade Centre S.A. concerning the tender offer announced by GTC Holding

GLOBE TRADE CENTRE S.A.
(Incorporated and registered in Poland with KRS No. 61500)
(Share code on the WSE: GTC.S.A)
(Share code on the JSE: GTC ISIN: PLGTC0000037)
(“GTC” or “the Company”)

Current report number: 26/2020

Date: 30 September 2020

Subject: Opinion of the management board of Globe Trade Centre S.A. concerning the tender
offer announced by GTC Holding Zártköruen Muködo Részvénytársaság

The management board of Globe Trade Centre S.A., with its registered seat in Warsaw (the “Company”),
acting pursuant to Article 80 sections 1-2 of the Act of 29 July 2005 on Public Offering, the Conditions
Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies (the
“Act”), hereby presents its position regarding the public tender offer announced on 7 September 2020
pursuant to Article 73 section 2 point 1 of the Act by GTC HOLDING ZÁRTKÖRUEN MUKÖDO
RÉSZVÉNYTÁRSASÁG, with its registered seat in Budapest, Hungary (the “Bidder”), to subscribe for
the sale of the shares in the Company, as subsequently amended on 22 September 2020 and on 24
September 2020 (the “Tender Offer”), in connection with the indirect exceeding of the 33% threshold of
the overall number of votes at the general meeting of the Company by the Bidder as a result of the
acquisition by the Bidder on 23 June 2020 of 100% of the shares in GTC Dutch Holdings B.V., which
holds 298,575,091 shares in the Company entitling it to 298,575,091 votes at the general meeting of the
Company, which represents approximately 61.49% of the share capital of the Company and of the
overall number of shares at the general meeting of the Company .


Legal basis: Article 80 of the Polish Act on Public Offering, the Conditions Governing the Introduction of
Financial Instruments to Organised Trading, and on Public Companies of 29 July 2005


Signed by:


/s/ Yovav Carmi                             /s/ Ariel Alejandro Ferstman
President of the Management Board           Member of the Management Board


Warsaw, Poland
Sponsor: Investec Bank Limited

Date: 30-09-2020 07:05:00
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