Important notices This announcement is not intended to and does not constitute an offer to buy or the solicitation of an offer to subscribe for or sell or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction. The release, publication or distribution of this announcement in whole or in part in, into or from certain jurisdictions may be restricted by law and therefore persons in such jurisdictions should inform themselves about and observe such restrictions. Disclaimer J.P. Morgan Securities plc, which conducts its UK investment banking business as J.P. Morgan Cazenove ( J.P. Morgan Cazenove ), is authorised in the United Kingdom by the Prudential Regulation Authority (the PRA ) and regulated in the United Kingdom by the PRA and the Financial Conduct Authority. J.P. Morgan Cazenove is acting as financial adviser exclusively for Globalworth and no one else in connection with the matters set out in this
Publication of Response Circular The Independent Committee of the Globalworth Board announces today that it is publishing its response circular (the Response Circular ) in connection with the unsolicited cash offer by CPI Property Group S.A. and Aroundtown SA at €7.00 per Globalworth Share (the Offer ). The Independent Committee continues to believe that the Offer significantly undervalues Globalworth, its assets and its prospects. A letter from the Chairman of the Board, and on behalf of the Independent Committee, as set out in the Response Circular has been extracted in full below. The full Response Circular is available to view at https://www.globalworth.com/investor-relations/offer-for-globalworth
BY
THROUGH
ZAKIONO ENTERPRISES LIMITED · CPI Property Group S.A. ( CPI ) and Aroundtown SA ( Aroundtown , together with CPI, the Consortium ) announce the terms of a cash offer pursuant to which Zakiono Enterprises Limited ( Zakiono ) shall offer to acquire the entire issued and to be issued share capital (not already held, or agreed to be acquired, by Zakiono) of Globalworth Real Estate Investments Limited ( Globalworth ) (the Offer ). · Under the terms of the Offer, which will be subject to the Conditions and certain further terms set out in Appendix 1 to this announcement and to the full terms and conditions which will be set out in the Offer Document, Globalworth Shareholders will be entitled to receive: