The Management Board of Globe Trade Centre SA informed that on 25 April 2023, the Company entered into a mutual employment contract termination agreement with Mr. Ariel Ferstman. Mr. Ferstman resigned from his seat on the Management Board of the Company as well as GTC Real Estate Development Hungary Zrt. The resignation is effective as of 25 April 2023. After 25 April 2023, Mr. Ferstman will stay with GTC covering the regional functions of capital markets, M&A, fundraising and creation of new investment platforms for the GTC Group. On 25 April 2023, the Supervisory Board of GTC nominated Barbara Sikora to the post of member of the Management Board of GTC SA. Ms. Sikora is a senior financial executive involved in all aspects of corporate finance and business development, managing, as a board member, CEO and CFO, large groups of companies. She has vast experience in real estate and construction sectors as well as audit and transaction support. Barbara Sikora has almost 20 years' experience in construction and real estate sector specialising in finance, asset and operational management. Prior to joining GTC, she held positions of Head of Corporate Finance as well as Asset Management Director for Residential Projects with G City Europe, where she was involved, among
others, in setting up a new PRS platform, Urban Home. During her extensive career, Ms. Sikora also acted as a Partner and Senior Partner for Griffin Real Estate, holding positions of the fund's CFO as well as its selected platforms' CFO and CEO. Ms Sikora was co-responsible for setting up and running Resi4Rent, the biggest PRS platform in Poland, acting as its CFO, as well as acquiring construction and investment financing for the platform. At the same time, she was a CEO of Chariot Top Group, a group of 28 shopping centres in Poland with 0.7 million sq. m GLA and a value of EUR 1 billion. Furthermore, over the years, she has held senior positions at Immobel Group SA, Centrum Development and Investment Sarl Group and Budimex SA being in charge of finance, tax, HR and administration of the groups. Barbara's nomination will be effective as of 1 May 2023.
Barbara Sikora holds a master's degree from the University of Economics in Pozna, faculty of International Relations, International Financial Management, Executive Master of Business Administration (EMBA), University of Illinois at Urbana-Champaign, USA; Mrs. Sikora is Certified Internal Auditor (CIA), member of the Institute of Internal Auditors and Fellow Member of the Association of Chartered Certified Accountants (ACCA).