The management board of Globe Trade Centre S.A. (the “Company”) announces that a Company’s subsidiary executed a preliminary conditional agreement for the sale of material asset, i.e. the Kazimierz Office Center project in Krakow. On 31 March 2015 a Company’s subsidiary, GTC GK Office Sp. z o.o. (the “Seller”), signed with Kazimierz Office Center Sp. z o.o. (a subsidiary of a fund managed by GLL Real Estate Partners) (the “Purchaser”) a preliminary agreement for the sale of the right of perpetual usufruct of a plot of land, situated in Krakow and the ownership of the office building of Centrum Biurowe Kazimierz in Krakow erected on the said plot of land (the “Property”) as well as the other rights and movable assets attached to the Property (the “Agreement”).

The net price for the Property and the other rights and movable assets under the Agreement is EUR 42,000,000 (forty-two million euros), which as at the date of this current report, according to the average EUR/PLN exchange rate announced by the National Bank of Poland amounts to PLN 171,738,000 (one hundred and seventy-one million, seven hundred and thirty-eight thousand zlotys).

The execution of the final sale agreement of the Property and the other rights and assets under the Agreement depends on the satisfaction of a range of standard conditions, among which the most important is the obtaining of: (i) tax rulings, (ii) certain documents from the financing bank documenting repayment of the outstanding loan. The Seller has also a right to terminate the Agreement in case the Buyer will not receive the title insurance.

Except for the said conditions precedent, the Agreement does not contain any other specific terms and conditions, which may be deferent from those commonly used for agreements of such type.

There are no relations between the Company and the persons managing or supervising the Company and the Purchaser and persons managing the Purchaser and the Seller and the persons managing the Seller, except for the relations resulting from the Agreement.

The Agreement has been considered as material and the assets transferred thereunder as material assets, since their value exceeds 10% of the GTC’s equity.

Legal basis: § 5.1.1 and 5.1.3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodical disclosure by issuers of securities and conditions for recognising as equivalent the information that is required by the laws of a non-member state.