Global City Holdings
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23

Sep

Current report No. 56/2015 of 23 September 2015. Information regarding a purchase of own shares in a buy-back announced by Global City Holdings N.V.

The Board of Directors of Global City Holdings N.V., a company organised in the Netherlands and existing under the laws of the Netherlands, with its registered office in Amsterdam, the Netherlands (the “Company”), acting in reference to the Company’s current report No. 52/2015 dated 14 September 2015 announcing a voluntary buy-back of the Company’s own shares (the “Buy-Back”), hereby announces that on this date the Company was advised by the brokerage firm involved in the Buy-Back, i.e. IPOPEMA Securities S.A., that the transactions related to the purchase of 35,281 ordinary bearer shares in the Company executed between 17 September 2015 and 23 September 2015 were settled as of the end of 23 September 2015. This current report does not cover transactions executed after 21 September 2015, which will be settled no later than on 25 September 2015.

As a result of the Buy-Back, the Company has thus far purchased a total of 35,281 ordinary bearer shares in the Company listed on the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie) with a nominal value of EUR 0.01 each, representing 35,281 votes at the general meeting of the Company and corresponding thus far to 0.125% of all of the effective votes at the general meeting of the Company (0.069% of all of the votes exercisable at the general meeting of the Company attached to the outstanding shares in the Company).

Prior to the settlement of the transactions involving the purchase of own shares through the Buy-Back, the Company, together with its parent entities, held, directly and indirectly, 51,069,649 shares in the Company corresponding to 28,059,908 votes (as according to the provisions of Article 118 section 7 of Book 2 of the Dutch Civil Code, the Company is not entitled to exercise any voting rights attached to own shares) at the general meeting of the Company, which represented 99.54% of all of the effective votes at the general meeting of the Company (99.75% of all of the votes exercisable at the general meeting of the Company attached to the outstanding shares in the Company).

After the settlement of the transactions involving the purchase of own shares through the Buy-Back, the Company, together with its parent entities, holds, directly and indirectly, 51,104,930 shares in the Company corresponding to 51,104,930 votes (as according to the provisions of Article 118 section 7 of Book 2 of the Dutch Civil Code, the Company is not entitled to exercise any voting rights attached to own shares) at the general meeting of the Company, which represent 99.81 % of all of the effective votes at the general meeting of the Company (99.66 % of all of the votes exercisable at the general meeting of the Company attached to the outstanding shares in the Company).

The Company’s subsidiaries do not hold shares in the Company.

The Company does not exclude the possibility of purchasing a further number of shares prior to the shares in the Company being delisted from the stock exchange, i.e. 28 September 2015.

After the date of the settlement of all of the transactions involving the purchase of own shares through the Buy-Back, i.e. on 25 September 2015, the Board of Directors of the Company will update the information provided in this current report.

The list of transactions executed and settled through the Buy-Back until 23 September 2015 constitutes an attachment to this report.