In reference to current report No. 29/2012 dated 14 June 2012, the Management Board of Globe Trade Centre S.A. (the "Company" or "GTC") hereby announces that on 31 October 2012 two subsidiaries of the Company: GTC Satellite sp. z o.o. and Diego sp. z o.o., signed final sale agreements (the "Sale Agreements") with Calobra Investments Sp. z o.o. ("Calobra") of the Allianz Real Estate Group, regarding the sale of Platinium Business Park project at ul. Domaniewska in Warsaw, comprising in total of all the Platinium buildings (i.e. buildings I through IV) and the plot of land where they are situated.
Legal grounds: § 5, section 1, sub-section 3 of the Regulation of the Minister of Finance (Polish Journal of Laws No. 33, item 259) of 19 February 2009 on current and periodical information published by issuers of securities and on the conditions under which information required by legal regulations of a non-Member State may be recognised as equivalent.
The total price set out in the Preliminary Agreements amounted to EUR 138,840,000.
The Sale Agreements are considered to be material within the meaning of the regulation of the Minister of Finance (Polish Journal of Laws No. 33, item 259) of 19 February 2009 on current and periodical information published by issuers of securities and on the conditions under which information required by legal regulations of a non-Member State may be recognised as equivalent (the "Regulation"), as they fulfill the criterion set out in § 2, section 1, sub-section 44, letter a) of the Regulation, i.e. their value exceeds 10% of the Company's equity.