Current Report No. 20/2009

The Management Board of Globe Trade Centre S.A. (the "Issuer"), hereby informs that on 28 May 2009 a subsidiary of the Issuer, Riverside Aparmanok KFT ("SPV") sold to Investec GLL SGO REF Holding Alpha SARL – a company unrelated with the Issuer, one share having the nominal value of HUF 101,800,000 (which is also its book value) (the "Share") in Riverloft Office KFT. The sold Share constitutes 100% of the share capital of Riverloft Office KFT and authorises its holder to exercise 100% of votes at its shareholders’ meeting. The maximum price for the Shares may amount to an approximate sum of EUR 10.4 million (including repayment of a loan extended by a shareholder) out of which EUR 5.4 million has been paid at the time of sale, and the remaining sum will be paid upon the satisfaction of specific conditions.

SPV was the owner of the former industrial building which has been renovated and now is an office building located near the Riverloft housing complex in Budapest.

The said assets constitutes a long term investment of the SPV.

The share which was sold today constitutes more than 20% of the share capital of that company, thus assets of material value as defined in §2.1.5 of the Regulation of the Minister of Finance dated 19 October 2005 on current and interim reports published by the issuers of securities.