The Management Board of Globe Trade Centre S.A. ("GTC") hereby informs that on 31 May 2013 it received from GTC Real Estate B.V. a nomination of Einat Oz-Gabber to the Supervisory Board of Globe Trade Centre S.A. Mrs. Einat Oz-Gabber shall replace Mr. Alain Ickovics, whose resignation will take effect on 31 may 2013 and who will become a President of the Management Board of the Company starting 1 June 2013.

Mrs. Oz-Gabber is a Certified Public Accountant (Israel) and holds a BA in Economics and Accounting from the Tel Aviv University (Israel). She has been working as an accountant and auditor from 1997 to 2001 in Israel with Luboshitz Kasierer (Arthur Andersen). Between 2001 and 2003, she worked for Deloitte & Touche Accountants (formerly Arthur Andersen) in the Netherlands. Mid 2003 Mrs. Oz-Gabber joined Kardan as Controller of the Kardan Group, and was appointed CFO of Kardan N.V. in May 2005. She was a member of the Management Board of Kardan between May 2005 and 31 May 2012. Currently, she also serves as Managing Director and Supervisory Director in various companies within the Kardan Group.

According to her statement, Einat Oz-Gabberto is not entered in the register of insolvent debtors maintained in compliance with the Act on the National Court Register dated 20 August 1997, does not perform any activities outside of the Company’s business which could be considered competitive thereto, does not participate in any competitive business either as a partner in a civil partnership or any other type of partnership, and is not a member of the authorities of any competitive company or any other competitive entity.

Legal grounds: §5 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.