Date: 31 May 2025

Current report No. 14/2025: Amendment of the terms and conditions of thebearer participating series A notes

In reference to the current report no. 7/2025 dated 16 April 2025 andthe current report no. 10/2025 dated 30 April 2025, the Management Boardof Globe Trade Centre S.A. (the "Company" or "GTC") hereby informs thaton 30 May 2025, the Company entered into an amendment agreement with thesole noteholder, LFH Portfolio Acquico S. R.L. (the "ParticipatingNotes Amendment Agreement"), to amend the terms and conditions of thebearer subordinated participating series A notes, with a total nominalvalue of EUR 41,821,389.06 (the "Participating Notes").

Simultaneously, on 30 May 2025, an amendment agreement was concludedbetween GTC Paula SARL, LFH Portfolio Acquico S. R.L., ZNL InvestmentS. R.L., AcquiCo Heidenheim I GmbH, AcquiCo K'lautern III GmbH, AcquiCoKL Betzenberg IV GmbH, AcquiCo KL Betzenberg V GmbH, Portfolio K'lauternIV November, AcquiCo K'lautern VII GmbH, AcquiCo Helmstedt GmbH,Portfolio K'lautern I November, AcquiCo K'lautern II GmbH, and PortfolioHeidenheim I November (the "Share and Purchase Amendment Agreement"),related to the share sale and purchase agreement concluded on 15 April2025 (the "Share and Purchase Agreement"). The purpose of the Share andPurchase Amendment Agreement is to modify the repayment plan foroutstanding payments arising from the associated Share PurchaseAgreement, , as reported by the Company in current report no. 10/2025dated 30 April 2025.

According to the parties' arrangements under the Share and Purchase andthe Participating Notes Amendment Agreements, the parties agreed to theconditional extension of the deadline for the settlement of the optionagainst LFH Portfolio Acquico S. R.L. and ZNL Investment S. R.L. topurchase all of the shares held by LFH Portfolio Acquico S. R.L. andZNL Investment S. R.L. in Kaiserslautern I GmbH _ Co. KG,Kaiserslautern II GmbH _ Co. KG, Portfolio Kaiserslautern III GmbH,Portfolio KL Betzenberg IV GmbH, Portfolio KL Betzenberg V GmbH,Portfolio Kaiserslautern VI GmbH, Portfolio Heidenheim I GmbH, PortfolioKaiserslautern VII GmbH and Portfolio Helmstedt GmbH (the "CallOption"), enabling the Company to retain its right to exercise the earlyredemption of the Participating Notes.

The deadline for the settlement of the Call Option will be extendeduntil 15 August 2025, provided that the Company and/or its subsidiariessatisfy, within the specified timeframes, several stipulated conditions,including, inter alia, the requirement to establish, subject toobtaining the relevant corporate approvals, encumbrances over theCitygate project in Bucharest in favour of LFH Portfolio Acquico S.R.L. and ZNL Investment S. R.L., to secure any payment claims under theShare Purchase Agreement, the side agreement concluded on 30 April 2025(as amended), and the Share and Purchase Amendment Agreement.

If the conditions are satisfied, as of 15 August 2025, the Company willregain its right to early redemption of the Participating Notes,provided that the General Meeting adopts a resolution to increase theCompany's share capital (requiring the exclusion of pre-emptive rightsof the Company's shareholders) and/or any other resolution necessary toeffectuate the Company's right to early redemption (the "Share CapitalIncrease").

Upon early redemption, the Participating Notes will be redeemed by wayof set-off against the subscription price of the equity instruments tobe subscribed for by the noteholder under the Share Capital Increase,with no additional redemption amount due and no cash payable to thenoteholder.

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