Notification of changes in the shareholding of Globe Trade Centre S.A 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 No.: 18/2019 Date: 20 December 2019 Subject: Notification of changes in the shareholding of Globe Trade Centre S.A. received from Powszechne Towarzystwo Emerytalne PZU S.A. acting on behalf of Otwarty Fundusz Emerytalny PZU „Zlota Jesien” The Management Board of Globe Trade Center S.A. ("Company") hereby informs that on 20 December 2019, it received a notification from Powszechne Towarzystwo Emerytalne PZU SA (PTE PZU S.A.) acting on behalf of Otwarty Fundusz Emerytalny PZU "Zlota Jesien" (OFE PZU) stating that on 19 December 2019 the share of OFE PZU in the total number of votes in the Company has decreased and fallen below the 10% threshold of the total number of votes . The change was due to settlement of the sale transaction of 5 500 shares of the Company (ISIN PLGTC0000037), concluded on 17 December 2019 on the Warsaw Stock Exchange. The number of shares and votes held in the Company before and after the sale transaction is presented in the following table: Number of shares Percentage share Number of votes Percentage shareF held in capital held in number of votes held Before the 48 560 669 10.0011% 48 560 669 10.0011% transaction After the 48 555 169 9.9999% 48 555 169 9.9999% transaction OFE PZU has also notified that: • It does not have subsidiaries which hold shares in the Company, • A situation referred to Article 69 section 4 point 6 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 does not take place, • It does not hold financial instruments referred to Article 69b section 1 point 1 and 2 of the act mention above. Additionally, the management board of the Company informes that due to the above mentioned, on 20 December 2019, i.e. on the date of receipt of the Notification, the mandate of Ryszard Koper as a Supervisory Board expired pursuant to Article 9 point 2 of the Company’s Articles of Association. A legal basis: § 70 point 1 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 and § 5 point 4 of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic disclosures by issuers of securities and the conditions for recognising as equivalent the information that is required by the laws of a non-member state. /s/ Thomas Kurzmann /s/ Erez Boniel President of the Management Board Member of the Management Board Warsaw, Poland Sponsor: Investec Bank Limited Date: 20-12-2019 05:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.