26 April 2024

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Exchange Offer Final Settlement Announcement

Capitalised terms used in this announcement, but not defined, have the meanings given to them in the Company's announcement on 28 March 2024.

Further to its announcements on 28 March 2024, 10 April 2024 and 22 April 2024, Globalworth is pleased to announce the successful refinancing of its €550,000,000 2025 Notes due in March 2025, of which €450,000,000 were outstanding, and €400,000,000 2026 Notes due in July 2026, of which €400,000,000 were outstanding (collectively, the "Existing Notes"), with 6.25% Notes due in March 2029 for an amount of €307,109,200 and 6.25% Notes due in March 2030 for an amount of €333,350,400 (collectively, the "New Notes"), respectively (the "Refinancing"). The Refinancing was concluded by means of the Exchange Offer and Consent Solicitation, pursuant to which all holders of Existing Notes received New Notes and the holders tendering by the Early Exchange Deadline the cash consideration, in each case as applicable.

The New Notes were issued as Green Bonds and are intended to be used to finance or refinance Eligible Green Projects pursuant to the Company's Green Financing Framework available at https://www.globalworth.com/investor-relations/bonds.

The Refinancing will result in significant benefits for Globalworth including an improved debt maturity profile, by introducing maturities in 2029 and 2030 for the New Notes, respectively, and cancellation in full of the Existing Notes, which in turn will provide significant flexibility to execute our strategy, and affirmation of the Company's credit rating at BB+ and BBB- by S&P and Fitch respectively following announcement of the Refinancing. *

Dennis Selinas, Chief Executive Officer of Globalworth commented, "I am very pleased to announce that we have successfully completed our Refinancing, showcasing strong support for the Company from both the 2025 Notes and 2026 Notes holders, who participated at levels above 84% and 86%, respectively, in the Exchange Offer. We believe these high levels of participation are a testament to their confidence in the team, strategy, portfolio, and growth trajectory of the Company. Our new capital structure provides us with financial stability and allows us to focus on our existing portfolio as well as future investment activity to drive shareholder value. We thank all of our stakeholders for their commitment to our continued future success.'

Advisors

Perella Weinberg UK Limited acted as financial advisor to the Company. Merrill Lynch International acted as Lead Dealer Manager and Green Structuring Coordinator, Erste Group Bank AG and Raiffeisen Bank International AG acted as Co-Dealer Managers and Kroll Issuer Services Limited as Exchange and Tabulation Agent in connection with the Exchange Offer and the Consent Solicitation. Milbank LLP acted as international legal counsel to the Company. Latham & Watkins LLP acted as international legal counsel to the Lead Dealer Manager and the Co-Dealer Managers.

For further information, visit www.globalworth.com or contact:

Enquiries 

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 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.

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

IMPORTANT NOTICE:

This announcement does not constitute, or form part of, an offer or invitation to sell or issue, or any solicitation of an offer to buy or subscribe for, any securities in the United States or any other jurisdiction nor shall it (or any part of this announcement) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment. Recipients of this announcement who intend to purchase any securities are reminded that any such purchase or subscription must be made solely on the basis of the information contained in any final form offering circular published in connection with any such securities. In certain jurisdictions, the transactions described above and the distribution of this announcement and other information in connection with the transactions described above may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or

withdrawal at any time.