The Management Board of Globe Trade Centre S.A. ("Company") hereby informs that on 7 August 2025, the Supervisory Board of the Company introduced changes to the composition of the Management Board, whereby it decided to replace Balazs Gosztonyi with Jacek Bagiński, who will take over the position of the member of the Management Board of the Company and Chief Financial Officer. The change will be effective as of 8 September 2025. Additionally, the Supervisory Board decided to strengthen the Company with appointment of new members of the Management Board of Company:

• Botond Rencz to the position of the member of the Management Board of the Company and Chief Business Sustainability Officer, effective as of 11 August 2025, and
• Mihály Ország to the position of the member of the Management Board of the Company and Chief Corporate Finance Officer, effective as of 2 September 2025.

Jacek Bagiński has been associated with leading companies operating in Central and Eastern Europe for nearly 30 years. For the past eight years, he served as Management Board Member and CFO at EPP NV – the largest shopping centre owner in Poland, listed at Johannesburg and Luxembourg Stock Exchanges. Previously, he held the same roles at Empik Media & Fashion S.A., one of the largest holding companies in retail, e-commerce and services sectors. He also served on the management boards of other Warsaw Stock Exchange-listed companies, including Opoczno S.A. and Polfa Kutno S.A., and held senior positions in multinational corporations such as PepsiCo and BP/Amoco. Throughout his career, he has managed business development, including mergers and acquisitions as well as divestments, financing and taxation, as well as financial planning, controlling, and reporting. He is a graduate of the Warsaw School of Economics.

Botond Rencz (formally Antal Botond Rencz) is an experienced international leader in the financial and advisory sectors. He spent nearly 30 years with Ernst & Young (EY) and Arthur Andersen, holding various senior positions in Hungary and across the Central European region. As CEO Hungary and regional leader, he oversaw EY’s operations in the Czech Republic, Slovakia, Slovenia, Croatia, Serbia, and Hungary. Under his leadership, EY Hungary became a market leader, particularly in tax advisory services. Throughout his career, he also served as Tax Leader, later Tax Managing Partner at EY Central Europe and Chairman of the Tax Committee at AmCham, where he successfully advocated for reducing Hungary’s corporate income tax rate. In 2024, he served as CEO of Eu-Solar, a publicly listed green energy company. His achievements have been recognized with awards from the Hungarian Investment Promotion Agency and the Hungarian Minister of Finance. He is a graduate of the University of Economics in Budapest.

Mihály Ország spent 28 years with K&H Bank Zrt., one of the largest commercial banks in Hungary, part of KBC Group. Most recently, he held the position of Head of Specialized Financial Services & Financial Markets Directorate. During his time at the bank, he was responsible for financing projects in the commercial real estate, renewable energy, and infrastructure sectors, overseeing financial market operations (trading and sales), as well as managing relations with financial institutions and municipalities. Mihály began his professional career at Arthur Andersen and ABN AMRO. He is a graduate of Corvinus University in Budapest and has completed executive programs at KBC University and ABN AMRO Academy. He is also socially engaged, serving as a board member of the public-private partnership platform Budapest Global and the KSI sports school.

According to the statements Jacek Bagiński, Mihály Ország and Botond Rencz are not entered in the register of insolvent debtors maintained in compliance with the Act on the National Court Register dated 20 August 1997, do not conduct any business activity outside the Company that is competitive with its operations., do not participate in any competitive business either as a partner in a civil partnership or any other type of partnership, and are not members of the authorities of any competing company or any other competing entity.

Additionally, the Supervisory Board decided to dismiss Zsolt Farkas from his position of the members of the Management Board of the Company, effective as of the moment of the adoption of the resolution.

Legal grounds: Art. 5 point 5 and 6 of the Regulation of the Council of Ministers of 6 June 2025 concerning the submission of current periodical information by the securities' issuers and the conditions of recognizing as equal the information demanded by the national lawful regulation of a country which does not hold the membership in European Union

8.08.2025 12:59