NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION.

FOR IMMEDIATE RELEASE

23 March 2023

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Scrip Dividend Share Reference Price

Further to the Company's announcement on 9 March 2023 and as further described in the scrip dividend circular published by the Company on 9 March 2023 (the "Scrip Dividend Circular"), the Company has approved the payment of an interim dividend in respect of the six month period ended 31 December 2022 of 15 cents per ordinary share (the "Interim Dividend") and shareholders may elect to receive a scrip dividend alternative to the Interim Dividend (the "Scrip Dividend Alternative") so that Qualifying Shareholders receive new ordinary shares in the Company (the "Scrip Dividend Shares") instead of cash in respect of all or part of their entitlement to the Interim Dividend calculated on the basis of the Reference Price.

The Reference Price is 228 cents per Scrip Dividend Share. The Reference Price has been determined by the Company on the basis of a discount of 20% to the average of the middle market quotations for the Company's shares as derived from the London Stock Exchange plc (a recognised investment exchange showing quotations for the Company's shares) on the five consecutive dealing days from and including the Ex-Dividend Date.

The final date and time for Qualifying Shareholders to elect to receive the Scrip Dividend Alternative is 5.00 p.m. on 31 March 2023. The process for electing to receive the Scrip Dividend Alternative is set out in the Scrip Dividend Circular, which is available on the Company's website at https://www.globalworth.com/investor-relations/corporate-documents/.

It has also come to the Company's attention that the Company's announcement on 9 March 2023 and the Scrip Dividend Circular contained an error in relation to the expected payment date of the cash dividend to CREST shareholders and certificated shareholders. The correct payment date is 18 April 2023.

All capitalised terms used in this announcement shall, unless otherwise defined, have the meanings given to them in the Scrip Dividend Circular.

EXPECTED TIMETABLE OF EVENTS - CORRECTED DATES AND TIMES

The above times and/or dates may be subject to change and, in the event of such change, the revised times and/or dates will be notified to shareholders by an announcement through a regulatory information service.

About Globalworth / Note to Editors:

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 260 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is €3.2 billion, as at 31 December 2022. Approximately 96.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 690 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.

For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.

Excluded Territories

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable legal or regulatory requirements. In particular, the ability of persons who are not resident in the United Kingdom or who are subject to the laws of another jurisdiction to elect to receive the Scrip Dividend Alternative may be affected by the laws of the relevant jurisdictions in which they are located or to which they are subject. Any failure to comply with applicable legal or regulatory requirements of any jurisdiction may constitute a violation of securities laws in that jurisdiction.