• GTC has signed a lease extension with IBM for the Galileo building in Cracow

• IBM’s offices at Galileo cover 5,300 sq m of space

• New lease concluded for another 5 years

Globe Trade Centre S.A. (GTC) and IBM have agreed to extend IBM’s lease of space in the Galileo office building in Cracow, where IBM Business Consulting Services occupies 5,300 sq m. The prior lease was signed in 2005.

IBM leases a total of over 14,500 sq m of space at the GTC Office Center at ul. Armii Krajowej, including 5,300 sq m in the Galileo building used by a branch ofIBM Business Consulting Services. Other IBM units operating in Cracow are headquartered in the neighbouring Newton and Edison buildings.

IBM Business Consulting Services provides business advisory covering client relationship management, finance, supply chain management and human resources. It specializes in strategic advice and consulting on new technologies and systems implementation, as well as business process outsourcing.

“GTC has great experience in creating high-standard office space for international corporations,” said Piotr Kroenke, General Manager of GTC S.A. “Thanks to longstanding relationships with renowned tenants, we know their needs and can adapt our office buildings to fully match the highest global standards. We are proud that after our 5 years of cooperation with such a large and demanding client as IBM, we continue to enjoy their confidence and that they have decided to renew their lease with us.”

Galileo is an 11-storey Class A office tower with a total lease area of 10,300 sq m, delivered to the market in 2003. In addition to IBM Business Consulting Services, office tenants include Raiffeisen Bank Polska, KPMG, Grupa Lotos and Cetelem. The Newton and Edison buildings also serve as headquarters for such prominent Polish and international firms as Deloitte, Ahold and Hewitt.

The GTC Office Center, with a total lease area of 31,000 sq m, is conveniently located between central Cracow and the international airport at Balice.

Cracow is one of the key cities for GTC’s business in Poland. Other projects GTC has built there include Kazimierz Office Center and the shopping mall Galeria Kazimierz. It is currently developing the Pascal building (5,250 sq m of lease space), which will be the culmination of the office complex at ul. Armii Krajowej.

GLOBE TRADE CENTRE S.A. (GTC S.A) is one of the leading developers in the New Europe and was established in 1994 in Warsaw. Currently it operates in 10 countries: Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Bulgaria, Slovakia, Ukraine and Russia.

GTC develops projects in three key real estate sectors: office buildings, retail and entertainment centres, and residential.

GTC has developed about 750,000 sq m of net space and currently is the owner of completed commercial properties with a combined net area of about 455,000 sq m. GTC also holds an impressive portfolio of new investments at various stages of development, which will facilitate the construction of 1.8 million sq m of commercial and residential space. GTC’s total assets exceed EUR 2.6 billion.

GTC’s shares are listed on the Warsaw Stock Exchange in the prestigious WIG20 index. The company’s shares are also included in the international MSCI index and Dow Jones STOXX Eastern Europe 300 index, as well as the GPR250 index, which comprises the 250 biggest and most liquid real estate companies in the world. Among GTC’s shareholders are many of the biggest Polish and international institutional investors.

Globe Trade Centre S.A.

KOR 45A, 02-146 Warsaw NIP: 527-00-25-113 T: +48 22 16 60 700 www.gtc.com.pl

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