Appointment of Non-Executive Director

RNS Number : 1564Z

Globalworth Real Estate Inv Ltd

13 December 2017

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Appointment of Non-Executive Director

The Board of Globalworth (AIM: GWI) is pleased to announce the appointment of Bruce Buck as a Non-Executive Director, with effect from today.

Mr Buck has been practicing law in Europe since 1983, and was Managing Partner in Europe and latterly Of Counsel for law firm Skadden, Arps, Slate, Meagher and Flom, until retiring from this role in July 2017.Mr Buck has been involved in work in Central and Eastern Europe since 1990, comprising a broad range of mergers, acquisitions and capital markets transactions, including IPOs and high-yield transactions. Mr Buck is the Chairman and a Director of Chelsea FC PLC, and also Senior Independent Non-Executive Director of Petropavlovsk PLC.

Geoff Miller, Chairman of Globalworth, commented: "We are delighted to welcome Bruce to the Board of Globalworth at this time of accelerating momentum as we strive to establish Globalworth as the region's leading office investor, active in Poland and Romania, and to be the partner of choice for the wide variety of high-quality, multi-national tenants expanding in this region. Bruce's considerable experience in business across the CEE region and knowledge of capital markets transactions will be of enormous benefit to the Company."

This appointment is made pursuant to the articles of incorporation of the Company which provide that Ioannis Papalekas is entitled to appoint a non-executive director for every 8% of the issued share capital of the Company held by him.

Please refer to Annex 1 for all further disclosures relating to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

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

Enquiries

Andrew Cox Tel: +44 20 3026 4027

Head of Investor Relations & Corporate Development

Jefferies (Joint Broker) Tel: +44 20 7029 8000

Stuart Klein

Panmure Gordon (Nominated Adviser and Joint Broker) Tel: +44 20 7886 2500

Andrew Potts

Milbourne (Public Relations) Tel: +44 7903 802545

Tim Draper

About Globalworth / Note to Editors

Globalworth is a real estate investment company active in Central and Eastern Europe, and has become the leading office investor in the Romanian real estate market. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, through which it benefits from a strong rental income profile from high quality tenants from around the globe. With approximately 70 professionals managing it, Globalworth's portfolio, as at 30 September 2017, was valued in excess of €1 billion, of which 90% is in income-producing assets and over 80% in the office sector. Globalworth has a strong and supportive investor base, having been listed on the AIM Market of London Stock Exchange since 2013 and in 2017 issued its debut Eurobond on the Irish and Bucharest stock exchanges.

On 6 December 2017, Globalworth completed its strategic investment in Griffin Premium R.E.. N.V. ("GPRE"), with Globalworth holding a 67.9% shareholding in GPRE. GPRE is a pure-play Polish real estate platform that primarily owns high-quality office and mixed-use assets located in Warsaw and across a number of other key cities, notably Wroclaw, Lodz, Krakow and Katowice. Its portfolio comprises six office and three mixed-use (office and retail) properties, and benefits from a further pipeline of contracted acquisitions. For more information please refer to related regulatory announcements.

Annex 1

Bruce Michael Buck (age 71) is, or has been in the previous five years, a director of the following companies:

Current Directorships	Previous Directorships
Chelsea Car Parks Limited	Dugout Limited
Chelsea FC Foundation	Polyus Gold International Limited
Chelsea FC Merchandising Limited	Polyus Gold PLC
Chelsea FC PLC	Skadden Arps Slate Meagher & Flom (Corporate Services) Limited
Chelsea Football Club Limited	Skadden Arps Slate Meagher & Flom (Europe) LLP
Chelsea Ladies Football Club LTD	Skadden Arps Slate Meagher & Flom Limited
Chelsea Leisure Services Limited	Skadden Legal Limited
Chelsea Limited	Thurcom Limited
Chelsea T.V. Limited
Orbis Charitable Trust
Petropavlovsk PLC
Stamford Bridge Securities LTD
The Chelsea Past Players' Trust
The Hotel At Chelsea Limited
Under the Bridge LTD