Current report No. 16/2014 dated 31 March 2014. Resignation of two non-executive Board Members
The Board of Directors of Global City Holdings N.V., a company organized in the Netherlands and existing under the laws of the Netherlands with its corporate seat in Amsterdam, the Netherlands (the “Company”) hereby announces that Mr. Frank Pierce and Mr. Jonathan Chissick, two of its non-executive Board Members, resigned from office on 31 March 2014: Mr Frank Pierce shall be dedicating himself to full-time retirement following his resignation. Mr. Jonathan Chissick, who originally joined the Board of the Company because of his extensive experience in the film business and his desire to add value based on that experience, resigned following the recently completed sale of the Company's film business to Cineworld and the change in the Company's business activities going forward.