GLOBE TRADE CENTRE S.A.
(Incorporated and registered in Poland with KRS No. 61500)
(Share code on the WSE: GTC)
(Share code on the JSE: GTC ISIN: PLGTC0000037)
(“GTC” or “the Company”)

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO

NOTICE TO GTC SHAREHOLDERS IN RESPECT OF THE RESULTS OF THE SHARE VOTE IN SOUTH AFRICA

Shareholders are referred to the previous announcements in respect of the vote by shareholders on receiving either a cash dividend of PLN 0.27 per share (ZAR 0.95434 per share for shareholders on the SA share register) or participating in a share vote by receiving 1 new GTC share for every 41.25 shares held, in respect of the year ended 31 December 2016.

No shareholders in South Africa voted to receive GTC shares. Consequently, the entire amount of dividend payable to South African shareholders will be paid out in cash.

The results of the subscription among eligible shareholders in Poland and the details of the share capital increase will be announced by GTC in a separate current report in accordance with the disclosure obligations to which GTC is subject as an issuer of shares listed on the regulated market of the Warsaw Stock Exchange.


Date: 12 June 2017

Warsaw, Poland

Sponsor: Investec Bank Limited


Legal disclaimer

The material set forth herein constitutes the fulfilment of the applicable disclosure obligations of the Company. The publication of this communication is for information purposes only and does not constitute the making available of information to promote the purchase or acquisition of securities or an inducement of their purchase or acquisition, including within the meaning of Article 53 section 1 of Polish Act of 29 July 2005 on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies, as amended, and does not constitute a promotional campaign within the meaning of Article 53 section 2 of such act.

The Company’s securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the laws of any state, and may only be offered or sold within the United States under an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of the Company’s securities will be made in the United States.

It may be unlawful to distribute this document in certain jurisdictions. In particular this document is not for distribution in the United States, Canada, Japan or Australia.

The information provided above does not constitute tax advice and is only provided as a general guide on the Polish and South African tax treatment of the cash dividend declaration by GTC to South African tax resident shareholders. For shareholders residing outside of South Africa, the dividend may have other legal or tax implications and such shareholders are advised to obtain appropriate advice from their professional advisers in this regard. Tax matters are complex, and the tax consequences to a particular shareholder will depend in part on such shareholder's circumstances. Accordingly, a shareholder is urged to consult his own tax advisor for a full understanding of the tax consequences to him, including the applicability and effect of Polish tax laws.