Expansion of GTC's strategy

The Management Board of Globe Trade Centre S.A. (the "Company" or "GTC")hereby announces that it has decided to expand the previously announcedand implemented strategy of the Company, which strategy will now includeinvestments and developments in real estate projects involvinghospitality assets, in particular in the high-end segment of the marketin Europe.

The resolution regarding the expansion of the Company's strategy wasadopted by the Management Board of GTC on 29 May 2023.

GTC owns an attractively located development land plot of 126hadedicated for high-end hospitality in Istria, Croatia since 2006. Basedon the current market trends, GTC initiated predevelopment phase of theproject, including design and search for the hotel operator. TheManagement Board of GTC believes that investments in high-endhospitality properties in Europe and the potential addition of suchproperties to GTC's portfolio would be beneficial for the Group for thefollowing reasons:

? the hospitality sector has rapidly recovered from the outbreak of theCOVID-19 pandemic, with many markets having already surpassed their 2019performance levels and further growth expected in the coming years;

? within the hospitality sector, leisure travel has been the main driversustaining travel figures, with leisure-focused destinations benefittingfrom this trend;

? average room rates and occupancies in the hospitality sector have beengrowing over the last few years;

? hospitality assets act as a hedge against inflation as strong cashflow growth offsets rising interest rates and inflation;

? investor confidence in the hospitality sector has recovered, alongwith the warming up of the markets as a whole;

? assets located in attractive and unique locations prove to be the mostpopular, with the high-end segment outperforming all other hospitalitysegments;

? hospitality assets tend to be more resilient to value fluctuationsresulting from economic downturns; and

? a more balanced portfolio of the Group could attract a morediversified investor base.

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