First quarter 2011 highlights • Completed commercial space increased to 544,000 sq m • Rental revenues up to EUR 24m (+2% y-o-y) • Profit from property portfolio revaluation, net of EUR 14m • Net income almost doubled to EUR 8m up from EUR 4m in the corresponding period of 2010 • Investments of EUR 60m compared to EUR 63m in the corresponding period of 2010 • Completion of Avenue Mall Osijek • Start of construction of Platinium Business Park V with 50% pre-let

On March 14, 2011, the Member of the Management Board position in Globe Trade Centre SA (GTC) was taken by Yovav Carmi.

GTC Hungary – a subsidiary of Globe Trade Centre S.A. - has been voted Developer of the Year 2010 in Hungary in CEE Construction & Investment Journal (CEE CIJ) Awards. The jury has also honoured GTC's Hungary CEO, Robert Snow with the Hungary’s Personality of the Year Award.

Budapest Bank and GTC Hungary concluded a pre-lease for renting the new GTC Metro office building in Budapest. The bank will occupy close to 17,000 sq m and will move to the new GTC Metro Building in Váci út in 2010.

Chairman and Driving Force of Developer GTC, Eli Alroy, to receive 2010 Award

Globe Trade Centre S.A. (GTC S.A.) achieved a strong increase in income from rental operations in Q1 2010. Newly completed buildings in 2009 were the main contributors to the rental growth. The company maintained a good rental operations margin (78%) as a result of stabilization of the newly completed projects.