S&P - 'BB+' Rating affirmed

Globalworth (AIM: GWI), the leading office investor in Central and Eastern Europe, hereby acknowledges that Standard & Poor's ("S&P") has affirmed Globalworth's 'BB+' long-term issuer credit and senior unsecured debt ratings while revising the outlook from stable to negative.

Globalworth continues to uphold its robust liquidity position, and we are taking the necessary measures to meet refinancing requirements in a timely manner.

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 250 professionals across Cyprus, Guernsey, Poland and Romania the combined value of its portfolio is €3.1 billion, as at 30 June 2023. Approximately 96.9% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 700 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea and Targu Mures.

A rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.