The management board of Globe Trade Centre S.A. (the “Company” or the “Issuer”) hereby announces that in connection with the issue process concerning the issuance of new series of bonds by the Company under a bond issue programme organized by Banco Espirito Santo de Investimento S.A. Spółka Akcyjna Oddział w Polsce in accordance with the procedure set forth in Article 9 section 3 of the Act on Bonds dated 29 June 1995 in order to prolong the average maturity of the Company’s debt, on 19 February 2014 the Company delivered proposals to acquire series GTCSA032019 bonds issued by the Issuer to certain, selected institutional investors who have submitted their binding bookbuilding declarations (the “New Bonds”). The proposals to purchase the New Bonds, for the total amount of PLN 200,000,000 contained, inter alia, certain financial information concerning the Company, required under the Act on Bonds, which has not been yet published by the Company. The Company estimates that the New Bonds will be issued at the first half of March, after the payment for the New Bonds by the investors will dematerialize the New Bonds in the depository of securities operated by the National Depository for Securities.

In accordance with the principle of equal access by all the shareholders and investors to financial information of the Company, the Company hereby provides the estimates of the selected financial information and the outlook of the Issuer’s liabilities as included in the proposals to purchase the New Bonds distributed among the investors.

The estimated value of liabilities of the Company 31 December 2013

The management board of the Company estimates that as at 31 December 2013, the unaudited value of liabilities of the Company amounted approximately to PLN 841,000,000 (based on the stand-alone financial information of the Issuer), including:

a)         long-term liabilities for the long-term portion of the bonds of approximately PLN           292,000,000;

b)         other long-term liabilities of approximately PLN 114,000,000;

c)         short-term liabilities for bonds due in April 2014 of approximately PLN 350,000,000;

d)         other short-term financial liabilities of approximately PLN 84,000,000;

e)         other short-term liabilities of approximately PLN 1,000,000.

The outlook of the Issuer’s liabilities until the complete redemption of the New Bonds

In its business, the Issuer and the Issuer’s capital group uses bank loans contracted by special-purpose vehicles for the development of specific properties. Such loans are secured by a mortgage established on a given property in favour of a lender or lenders. Such liabilities of the Issuer’s capital group owed to financial institutions under loans for the development of properties may increase since the company plans to develop additional properties between 2014 and 2016.

Notwithstanding the foregoing, the management board of the Company estimates that the value of liabilities of the Issuer’s capital group until the complete redemption of the New Bonds should remain at the level enabling the Company to service payments under the New Bonds in a timely manner and additionally, the net financial debt to assets ratio (with the net financial debt of the Issuer’s capital group determined based on the figures disclosed in the most recently published, consolidated financial statements of the Company, prepared in the euro, in accordance with IFRS) will not exceed 70%.

Legal basis: Article 56 section 1(1) of the Act on Public Offering – confidential information