The Management Board of Globe Trade Centre S.A. (the "Company") hereby informs that on 14 March 2011 its Supervisory Board appointed Yovav Carmi to the position of a Member of the Management Board effective as of 14 March 2011.

Yovav Carmi has a very strong financial background. He is a Chief Financial Officer and member of the Management Board of many of GTC’s international subsidiaries since 2001. Between 1998 and 2001 he was a financial controller at Kardan Group, ad before that in 1997 he worked for Israeli Security authority. He started his professional career in 1994 as auditor and Ernst & Young, where he worked till 1996.

Yovav Carmi graduated from Tel-Aviv University with B.A. in Law and B.A. in Accounting. He also holds an MBA Degree from Tel-Aviv University. Additionally, he is a Chartered Public Accountant in Israel.

Yovav Carmi does not run a business competitive to the business of Globe Trade Centre S.A. and is not entered into the Registry of insolvent Debtors held by the Registry Court.

Legal grounds: Legal grounds: §5 sec. 22 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


Mariusz Kozłowski
Member of the Management Board