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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
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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: