Pursuant to the current report no. 16/2011 dated 26 May 2011, the Management Board of Globe Trade Centre S.A. (“GTC”) hereby announces that as a result of satisfaction of all the conditions precedent set forth in the preliminary agreement on sale of shares in Rodamco CH1 Sp. z o.o. signed on 26 May 2011 between GTC and Rodamco Central Europe B.V., on 1 August 2011 the parties signed the final agreement on the sale of 188,964 shares in Rodamco CH1 Sp. z o.o., the owner of the Shopping Center Galeria Mokotów in Warsaw. The sale price of the above mentioned shares was agreed at EUR 138,351,000, equivalent in Polish zloty to PLN 555,133,388 (at the average exchange rate published by the National Bank of Poland on 29 July 2011) and is based on the balance sheet of Rodamco CH1 Sp. z o.o. as of 31 March 2011 and on the agreed value of Galeria Mokotów of EUR 475,000,0000, equivalent in Polish zloty to PLN 1,905,937,500 (at the average exchange rate published by the National Bank of Poland on 29 July 2011). The sale price is subject to the post-closing adjustment based on the balance sheet of Rodamco CH1 Sp. z o.o. as of the date of the completion of the transaction.

Legal grounds: Legal grounds: §5 sec. 1 of the Regulation of the Council of Ministers of 19 February 2009 concerning the submission of current periodical information by the securities' issuers and the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union.


Signed by:

Witold Zatoński
Member of the Management Board

Erez Boniel
Member of the Management Board