Logistics Sale Closing & Mandatory Bond Redemption

Further to its announcement on 11 March 2024, Globalworth (AIM: GWI), the leading office investor in Central and Eastern Europe, is pleased to announce that the sale of part of its logistics portfolio has successfully closed. The portfolio comprised of five logistics / light-industrial parks with ten facilities in Timisoara, Arad, Oradea and Pitesti as well as a majority stake in two small business units in Bucharest (the "Fully-Owned Logistics Portfolio") and was sold to CTP INVEST SPOL S.R.O. Net proceeds to Globalworth from the sale of the Fully-Owned Logistics Portfolio amounted to €72.4 million excluding working capital, minority interest and following the deduction of €95.8 million secured bank loans associated with the Fully-Owned Logistics Portfolio.

The disposal of the Fully-Owned Logistics Portfolio, which was considered a non-core asset of the Company's overall asset portfolio, is in line with the Company's focus on deleveraging and enhancing liquidity.

In accordance with the terms and conditions of the Company's bonds, the Company intends to use part of the net proceeds received from the sale towards redeeming at par (i) €45,000,000 of its €307,109,200 in principal amount outstanding 6.25% Senior Notes due 2029 and (ii) €20,000,000 of its €333,350,400 in principal amount outstanding 6.25% Senior Notes due 2030 (collectively, the "Notes" and, such redemption, the "Mandatory Redemption"). The Company expects the Mandatory Redemption to occur on or about 18 June 2024 and intends to issue a notice to holders of the Notes, in each case in accordance with the trust deed constituting the Notes.

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 269 professionals across Cyprus, Guernsey, Poland and Romania the combined value of its portfolio is €3.0 billion, as at 31 December 2023. Approximately 96.8% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 715 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania it has assets in Bucharest and seven other cities.