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

Further to current report No. 7/2017 published on 9 May 2017, the Management Board of Globe Trade Centre SA (the “Company”) hereby announces an updated opinion of the Management Board  regarding the arguments in favour of excluding the pre-emptive rights of the shareholders in their entirety in relation to the proposed increase of the Company’s share capital through the issuance, solely to certain shareholders of the Company as at the dividend record date, of the Series L Shares and the procedure for the determination of the issue price for the Series L Shares (the “Opinion of the Management Board”), which constitutes a schedule to the amended draft of resolution No.18 of the ordinary general meeting of the shareholders of the Company convened for 16 May 2017 (the “General Meeting”) regarding the increase of the Company's share capital through the issuance, solely to certain shareholders of the Company as at the dividend record date, of ordinary Series L bearer shares, the exclusion of all of the pre-emptive rights of the existing shareholders to all of the Series L Shares, the amendment of the Company's statute, the application for the admission and introduction of the Series L Shares and/or the rights to the Series L shares to trading on the regulated market operated by the Warsaw Stock Exchange and the dematerialisation of the Series L Shares and/or the rights to the Series L Shares published in current report No. 7/2017 on 9 May 2017.

The updated Opinion of the Management Board constitutes a schedule to this current report.

The remaining information regarding the convocation of the General Meeting published in current reports No. 5/2017 dated 19 April 2017 and No. 7/2017 published on 9 May 2017 remains unchanged.

 Legal basis: Legal basis: § 38.1.3 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the laws of a state which is not a member state

The updated Opinion of the Management Board