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:GTCISIN: PLGTC0000037)
(“GTC” or “the Company”)

The Management Board of Globe Trade Center S.A. ("Company") hereby informs that on 22 April 2025, it received a written notice from GTC Dutch Holdings B.V. with its registered office in Amsterdam, the Netherlands (the “Entitled Shareholder”), according to which the Entitled Shareholder revokes Mr. Tamás Sándor and Mr. Csaba Cservenák from the positions of members of the Supervisory Board of the Company, effective as of 22 April 2025. The dismissal was made pursuant to article 9 point 4 of the Articles of Association of the Company.

Additionally, Entitled Shareholder, appoints Mr. Ferenc Daróczi as member of the Supervisory Board of the Company, effective as of the date of receipt of 22 April 2025. Appointment was made pursuant to article 9 point 1 a)-c) of the Articles of Association of the Company.

Pursuant to the deposit certificate attached to the notice, GTC Dutch Holdings B.V. holds 337,637,591 shares in the Company, which constitute 58.80% of the Company’s share capital, and therefore is entitled to appoint members of the Supervisory Board of the Company pursuant to the Articles of Association of the Company.

According to the statements Mr. Ferenc Daróczi is 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 perform any activities outside of the Company’s business which could be considered competitive with respect thereto, do not participate in any competitive business either as a partner in a civil partnership or any other type of partnership, and is not members of the authorities of any competing company or any other competing entity. Moreover, Mr. Ferenc Daróczi fulfils the independence criteria as specified in Annex No. II to Commission Recommendation 2005/162/EC of 15 February 2005 on the role of non-executive or supervisory directors of listed companies and on the committees of the (supervisory) board.

Mr. Ferenc Daróczi has more than three decades of experience in construction, investment and real estate development. He began his career with almost six years of construction work in Germany before returning to Hungary to develop the ECE ÁRKÁD shopping centers in Budapest, Pécs und Győr, as team leader. In 2008, he was appointed Managing Director of HOCHTIEF Development Kft, whose name is associated with the development of the Capital Square office building in Budapest. Since 2013, he has been managing a private investment management and real estate development company, which has continuously prepared and implemented factories, monument projects, logistics projects, office buildings and residential projects in Hungary, realizing hundreds of thousands of square meters of investments so far. He also acts as the Hungarian managing director of three large international real estate companies, specifically highlighted Allianz Eiffel Square Kft of Allianz Group and Szervita Square Kft of Union Group, which are emblematic office buildings on the Budapest office market.
Ferenc Daróczi graduated in architecture from the Ybl Miklós Technical University in Budapest. He has been a member of the RICS (Royal Institution of Chartered Surveyors) since 2012.

Legal grounds: Art. 5 point 4 and 5 of the Regulation of the Council of Ministers of 29 March 2018 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

Warsaw, Poland

Sponsor: Investec Bank Limited