NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

9 July 2021

Globalworth Real Estate Investments Limited ("Globalworth" or the "Company")

Offer Update

On 14 April 2021, CPI Property Group S.A. ("CPI") and Aroundtown SA ("Aroundtown" and, together with CPI, the "Consortium") announced the terms of a unilateral cash offer for the Company (the "Offer").

Globalworth notes that yesterday the Consortium announced that it had waived down the Acceptance Condition to the Offer from 90 per cent. of the voting rights then normally exercisable at a general meeting of Globalworth to more than 50 per cent. of the voting rights then normally exercisable at a general meeting of Globalworth and accordingly the Consortium declared the Offer unconditional as to acceptances.

Globalworth further notes that the Consortium announced that all remaining conditions to the Offer have now been satisfied (or, where applicable, waived) and that the Offer is now unconditional in all respects.

The Independent Committee is considering this development together with its advisers and will make a further announcement in due course.  In the meantime, the Independent Committee continues to advise Globalworth Shareholders to take no action in relation to the Offer.

Terms used but not defined in this announcement shall have the meanings given to them in the response circular published by the Company on 26 May 2021.

Enquiries:

Important notices

This announcement is not intended to and does not constitute an offer to buy or the solicitation of an offer to subscribe for or sell or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction. The release, publication or distribution of this announcement in whole or in part in, into or from certain jurisdictions may be restricted by law and therefore persons in such jurisdictions should inform themselves about and observe such restrictions.

The person responsible for arranging for the release of this announcement on behalf of the Company is Nicola Marrin, Company Secretary.

Disclaimers

J.P. Morgan Securities plc, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised in the United Kingdom by the Prudential Regulation Authority (the "PRA") and regulated in the United Kingdom by the PRA and the Financial Conduct Authority. J.P. Morgan Cazenove is acting as financial adviser exclusively for Globalworth and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters in this announcement and will not be responsible to anyone other than Globalworth for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor for providing advice in relation to any matter referred to herein.

Panmure Gordon (UK) Limited ("Panmure Gordon") which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Globalworth and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters in this document and will not be responsible to anyone other than Globalworth for providing the protections afforded to clients of Panmure Gordon or its affiliates, nor for providing advice in relation to any matter referred to herein.