Results of Tender Offers

Globalworth (AIM: GWI) announces the results of its invitation announced on 11 July 2024 to holders of its €307,109,200 6.25 per cent. Notes due 31 March 2029 (ISIN: XS2809858561; Common Code: 280985856) (the "2029 Notes") and €333,350,400 6.25 per cent. Notes due 31 March 2030 (ISIN: XS2809868446; Common Code: 280986844) (the "2030 Notes" and, together with the 2029 Notes, the "Notes") to tender up to €60,000,000 in aggregate current principal amount of their Notes for purchase by the Company for cash through an unmodified Dutch auction procedure (collectively, the "Tender Offers" and each of them a "Tender Offer").

The Company announces today an increase of the Maximum Acceptance Amount in respect of the Tender Offers from €60,000,000 to €83,184,863.49 in aggregate Current Principal Amount of the Notes.

The Company announces today that it will accept for purchase €38,184,863.47 in aggregate current principal amount of the 2029 Notes validly tendered pursuant to the Tender Offers, including all Notes validly tendered by way of Non-Competitive Tender Instructions. The aggregate Purchase Consideration (excluding Accrued Interest Payments) for the 2029 Notes validly tendered and accepted for purchase pursuant to the Tender Offers will be €37,275,767.38, which will be funded by cash on the Company's balance sheet. The Company will also pay Accrued Interest in respect of the 2029 Notes validly tendered, delivered and accepted for purchase by the Company pursuant to the Tender Offers.

The Company will accept for purchase €45,000,000.02 in aggregate current principal amount of the 2030 Notes validly tendered pursuant to the Tender Offers, including all Notes validly tendered by way of Non-Competitive Tender Instructions. The aggregate Purchase Consideration (excluding Accrued Interest Payments) for the 2030 Notes validly tendered and accepted for purchase pursuant to the Tender Offers will be €43,005,002.02, which will be funded by cash on the Company's balance sheet. The Company will also pay Accrued Interest in respect of the 2030 Notes validly tendered, delivered and accepted for purchase by the Company pursuant to the Tender Offers.

The final results of the Tender Offers for the Notes are as follows:

The expected settlement date in respect of the accepted Tender Offers is 22 July 2024.

Further to our announcement dated 11 July 2024 which included a trading update, the Company expects the disposal of Globalworth's 50% interests in logistics assets in Romania owned via a joint venture to complete by the end of this week. The buyer is WDP, a developer and investor in logistics real estate across six European countries including Romania.

Merrill Lynch International and Raiffeisen Bank International AG have been appointed by the Company to act as Dealer Managers and Kroll Issuer Services Limited as the Tender Agent in connection with the Tender Offers.

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.