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GTC
Conclusion of a loan facility agreement concerning the refinancing of Galeria Jurajska in Czestochowa

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)
LEI 25940046GV7I3I2ZN618
(GTC or the Company)



Current report number: 3/2020

Date: 13 February 2020

Subject: Conclusion of a loan facility agreement concerning the refinancing of Galeria Jurajska
in Czestochowa

The management board of Globe Trade Centre S.A. (GTC) hereby announces that on 13 February
2020, GTC Galeria CTWA Sp. z o.o., with its registered seat in Warsaw (the Galeria Jurajska), a
subsidiary of GTC, signed a loan facility agreement with Erste Group Bank AG (Erste Bank) and
Raiffeisen Landesbank Nieder-sterreich-Wien AG (Raiffeisen Bank), (Facility Agreement)
concerning refinancing of Galeria Jurajska located in Czestochowa. (Project).

The loan granted on the basis of the Facility Agreement in the amount of EUR 130,000,000 (Loan),
refinances the existing project loan. Galeria Jurajska is required to pay interest based on 3M
EURIBOR increased by applicable margin. The Loan will mature by 31 March 2025. The Loan shall be
repaid in quarterly instalments with a balloon repayment of the remaining loan principal at maturity
date.

The Loan will be secured, inter alia, by standard security instruments for such facilities, including
among others: (i) mortgage to be established over the Project asset; (ii) a registered pledge over the
shares in Galeria Jurajska; (iii) the registered pledge over Galeria Jurajskas bank accounts, and (iv)
the assignment of receivables, rights under insurance policies.

Under the Facility Agreement, among other matters, the following events may result in a default and
may trigger the enforcement of security established under the Facility Agreement: (i) failure to pay
amounts when due; (ii) failure to comply with financial covenants; (iii) material adverse effect; (iv) sale
of property related to the Project or change of borrowers ownership without the prior written consent
of the lenders. Events of default are customary for this type of facility.

The disbursement of the loan under the above-described Facility Agreement is subject to a number of
standard conditions precedent. The terms and conditions of the agreement do not differ from the
generally applied standards for this type of agreement.

Legal grounds:  17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the
Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive
2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC,
2003/125/EC and 2004/72/EC  inside information.




Signed by:
/s/ Thomas Kurzmann                 /s/ Erez Boniel
President of the Management Board   Member of the Management Board


Warsaw, Poland
Sponsor: Investec Bank Limited

Date: 14-02-2020 07:05:00
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