GLOBE TRADE CENTRE S.A. - Changes in the Management Board of Globe Trade Centre S.A.

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

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: GTC ISIN: PLGTC0000037)
("GTC" or "the Company" or the "Group")

Date: 8 August 2025

Current report No.: 23/2025


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



The Management Board of Globe Trade Center 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 Bagi?ski, 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 Baginski 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 Baginski, 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, does not conduct any business activity outside the Company that
is competitive with its operations., does 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.

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

Signed:

/s/ Malgorzata Czaplicka                               /s/ Balazs Gosztonyi
President of the Management Board                     Management Board Member


Warsaw, Poland
Sponsor: Investec Bank Limited

Date: 08-08-2025 01:24:00
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