The Management Board of Globe Trade Centre S.A. („ the Company”), hereby publishes a correction of the Company’s annual report for the 12 month period ended 31 December 2021, published on 6 April 2022.

The adjustment to the financial statements is a result of the reclassification in the statement of financial position of the amount of PLN 342,513 thousand from the item "Assets held for sale" to the item "Investments in subsidiaries, associates and jointly controlled entities" and the corresponding amendment of the related additional explanatory notes no. 15 and 16 and Management board’s report on the activities of Globe Trade Center S.A. in the financial year ended 31 December 2021 in recognition of the fact that the assets held for sale were not all held directly by the Company, but partly by its subsidiaries.

This adjustment has no impact on the other items of the standalone annual financial statements of the Company, and in particular has no impact on the income statement, cash flow statement or the Company's result for the financial year 2021. The adjustment also has no impact on the consolidated financial statements of the GTC Group for the financial year ended 31 December 2021 published on 6 April 2022.

In addition, the Company's financial statements have been further updated for post balance sheet events that occurred after the date of publication of the Company's original financial statements.

A detailed description of the correction is attached as an appendix to this report.

Legal basis: Art. 15 point 4 of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic disclosures by issuers of securities and the conditions for recognising as equivalent the information that is required by the laws of a non-member state.

 18/05/2022  22:33