Globalworth Real Estate Inv Ltd Corporate Governance and Board Committee Changes (4493J)

TIDMGWI

RNS Number : 4493J

Globalworth Real Estate Inv Ltd

27 April 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

27 April 2022

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Corporate Governance and Board Committee Changes

Globalworth, the leading office investor in Central and Eastern Europe, announces that, as part of its ongoing streamlining of processes and procedures, the Board has approved the adoption of the QCA Code of Corporate Governance (the "QCA Code") and will report against the QCA Code for the year ending 31 December 2022 onwards. In considering the adoption of the QCA Code, the Board took into account that the majority of AIM listed companies apply the QCA Code and also noted that the QCA's approach to good corporate governance is about ensuring that the board of a company is set up to make robust decisions and manage risk - and making sure "the right people are in the right roles, working together, and doing the right things to deliver value for shareholders as a whole over the medium to long term".

In addition, the Board has resolved to recombine its separate Audit Committee and Risk Committee into a single Audit & Risk Committee, which is more typical of an AIM listed company, and its terms of reference can be found on the Company's website at www.globalworth.com/investor-relations/corporate-governance/. The composition of the (combined) Audit & Risk Committee is as follows: Andreas Tautscher (Chair), Daniel Malkin, Richard van Vliet, David Maimon. All other Board committees remain unchanged.

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

Enquiries

Stamatis Sapkas Tel: [phone]

Deputy Chief Investment Officer (CFO from 1/5/22)

Panmure Gordon (Nominated Adviser and Broker) Tel: [phone]

Alina Vaskina

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 240 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is EUR3.2 billion, as at 31 December 2021. Approximately 95.9% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 660 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 and Oradea.

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

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April 27, 2022 02:01 ET (06:01 GMT)