The Management Board of Globe Trade Centre S.A. ("Company"), hereby announces that on 14 February 2019, Midroog (Israel-based credit rating agency accredited by the State of Israel) assigned an A2.il rating with a stable outlook for repayment capability of debt that the Company might raise in Israel, in the amount of up to € 70 million.

According to Midroog Long Term Rating Scale, the assigned A2.il rating reflects that in Midroog’s judgment, the Company has relatively high repayment capability for such debt, relative to other local issuers in Israel.

A stable outlook reflects low expectations of a rating change over the medium term. Specifically, for the Company a stable outlook reflects Midroog's assessment, whereby the Company would continue to operate in the income producing asset segment in major cities in Central Eastern Europe, maintaining current occupancy rates and stable financial ratios, with development of new income producing assets not to exceed 15%-20% of total assets for the Company.

The rating is a local investment rating for debt to be issued in Israel.

Definitions of Midroog’s ratings are available at the following website of Midroog: www.midroog.co.il, where Midroog also discloses ratings, criteria and methodology.

Legal grounds: § 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC – inside information.

Neither this current report nor the ratings issued by Midroog constitute a recommendation to buy, hold, and/or sell securities and/or other financial instruments issued or relating to the Company and/or make any other investment and/or forgo any of these actions.

Neither this current report nor the ratings issued by Midroog constitute investment advice and/or financial advice, nor do they address the appropriateness of any given investment for any specific investor, in particular retail investors. Each potential investor should seek and obtain professional advice in respect of his/her investments.

This current report is neither an offer of securities for sale, nor a solicitation of an offer to purchase/subscribe for securities, in any jurisdiction.

 14.02.2019   11:30