The management board of GTC Hungary Real Estate Development Pltd. (“GTC Hungary”) as issuer informs that its sole shareholder, Globe Trade Centre S.A. (registered seat: Komitetu Obrony Robotnikow 45A, 02-146 Warsaw, Poland) resolved in its resolution dated June 28, 2021

• i) to increase the registered share capital of GTC Hungary with the provisions of HUF 4,391,625,000.00 (which is EUR 12,500,000.00) as cash contribution and simultaneously
• ii) to put HUF 4,391,625,000.00 (which is EUR 12,500,000.00) cash contribution into the capital reserves of GTC Hungary.

In consideration for the provision of the cash contribution, GTC Hungary shall issue 1 (that is one) piece of printed class "B" common share with a consolidated nominal value of HUF 4,391,625,000.00 (that is four-billion three hundred and ninety-one million six hundred and twenty-five thousand Hungarian Forints) and with an issue price of HUF 8,783,250,000.00 (that is eight billion seven hundred and eighty-three million two-hundred and fifty thousand Hungarian Forints).

As a result of the share capital increase, the share capital of GTC Hungary shall be increased from HUF 2,718,274,000.00 (that is two-billion seven-hundred and eighteen million two-hundred and seventy-four thousand Hungarian Forints) being equivalent to EUR 7,737,096 (that is seven-million seven hundred and thirty-seven thousand ninety-six euros) computed on the exchange rate applicable on the day of transfer of the amount of capital increase, to HUF 7,109,899,000 (that is seven billion-one hundred and nine million eight hundred and ninety-nine thousand Hungarian Forints) being equivalent to EUR 20,237,096 (that is twenty-million two hundred and thirty-seven thousand ninety-six euros computed on the exchange rate applicable on the day of transfer of the amount of capital increase.

Legal basis: Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation)