Changes in the Management Board of Globe Trade Centre S.A.

The Management Board of Globe Trade Center S.A. ("Company") herebyinforms that on 7 August 2025, the Supervisory Board of the Companyintroduced changes to the composition of the Management Board, wherebyit decided to replace Balazs Gosztonyi with Jacek Bagiński, who willtake over the position of the member of the Management Board of theCompany and Chief Financial Officer. The change will be effective as of8 September 2025. Additionally, the Supervisory Board decided tostrengthen the Company with appointment of new members of the ManagementBoard of Company:

- Botond Rencz to the position of the member of the Management Board ofthe Company and Chief Business Sustainability Officer, effective as of11 August 2025, and

- Mihly Orszg to the position of the member of the Management Board ofthe Company and Chief Corporate Finance Officer, effective as of 2September 2025.

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

Botond Rencz (formally Antal Botond Rencz) is an experiencedinternational leader in the financial and advisory sectors. He spentnearly 30 years with Ernst _ Young (EY) and Arthur Andersen, holdingvarious senior positions in Hungary and across the Central Europeanregion. As CEO Hungary and regional leader, he oversaw EY's operationsin the Czech Republic, Slovakia, Slovenia, Croatia, Serbia, and Hungary.Under his leadership, EY Hungary became a market leader, particularly intax advisory services. Throughout his career, he also served as TaxLeader, later Tax Managing Partner at EY Central Europe and Chairman ofthe Tax Committee at AmCham, where he successfully advocated forreducing Hungary's corporate income tax rate. In 2024, he served as CEOof Eu-Solar, a publicly listed green energy company. His achievementshave been recognized with awards from the Hungarian Investment PromotionAgency and the Hungarian Minister of Finance. He is a graduate of theUniversity of Economics in Budapest.

Mihly Orszg spent 28 years with K_H Bank Zrt., one of the largestcommercial banks in Hungary, part of KBC Group. Most recently, he heldthe position of Head of Specialized Financial Services _ FinancialMarkets Directorate. During his time at the bank, he was responsible forfinancing projects in the commercial real estate, renewable energy, andinfrastructure sectors, overseeing financial market operations (tradingand sales), as well as managing relations with financial institutionsand municipalities. Mihly began his professional career at ArthurAndersen and ABN AMRO. He is a graduate of Corvinus University inBudapest and has completed executive programs at KBC University and ABNAMRO Academy. He is also socially engaged, serving as a board member ofthe public-private partnership platform Budapest Global and the KSIsports school.

According to the statements Jacek Bagiński, Mihly Orszg and BotondRencz are not entered in the register of insolvent debtors maintained incompliance with the Act on the National Court Register dated 20 August1997, does not conduct any business activity outside the Company that iscompetitive with its operations., does not participate in anycompetitive business either as a partner in a civil partnership or anyother type of partnership, and is not members of the authorities of anycompeting company or any other competing entity.

Additionally, the Supervisory Board decided to dismiss Zsolt Farkas fromhis 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 Councilof Ministers of 6 June 2025 concerning the submission of currentperiodical information by the securities' issuers and the conditions ofrecognizing as equal the information demanded by the national lawfulregulation of a country which does not hold the membership in EuropeanUnion