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2026 INTERIM RESULTS PRESENTATIONGLOBALWORTHA LEADING CEE OFFICE LANDLORD
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The page numbering is dependent on the placeholder “CLICK TO..” text boxes on the page layout in the master view, so please DO NOT remove them 1 OVERVIEW Globalworth Tower, Bucharest, Romania
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2 GLOBALWORTH SNAPSHOT (1) Fitch / S&P(2) Includes €2.7m pre-let rent for property under development (3) 86.1% adjusted with CSR lease commitments and GW FLEX vacancy Select metricsPortfolioSnapshotOperating figures:Present in 9 of the largest and most liquid sub-markets in Poland and RomaniaPrincipally focus on class “A” office and select other high-quality investmentsStrong and diversified tenant baseLeading real estate Investor with a primary focus on Poland and RomaniaWe acquire, develop and manage commercial real estate assets, primarily in the office sector56Standing Properties€2.6bnGAV€2.5bnGreen GAV1,049.5kStanding GLAPrime locations in key citiesModern assets with excellent ESG credentialsEstablished, blue chip and mostly international tenantsPrimarily long term, Euro-denominated, triple-net and inflation-linked leases €195.5m2An. Contracted Rent86.6%3Occupancy4.3yrsWALL17.2kDev’t GLAKey financial figures:Internal and multi-disciplinary management platform ‒Over 250 professionals mainly located in Warsaw and BucharestDividend policy of 90% of EPRA Earnings as per Articles of Association, cash dividend subject to bond covenantsStrong and supportive shareholder base including the controlling consortium of CPI Property Group and Aroundtown (60.9%), and Growthpoint Properties (29.6%)BBB–/BB Credit Rating (stable)136.7%LTV€367min 2 Eurobonds4.68%Avg. debt cost€0.85 bnUnencumbered GAV4.1yrsAvg. debt maturities87%13%OfficeOther54%46%PolandRomania2
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3 OUR BUSINESS MODELCreating Sustainable Long-term ValueOur Core ActivitiesProven InvestmentModelOur Resources & RelationshipsFinancialGenerate long-term sustainable and attractive, risk-adjusted returns through yield and capitalappreciation, allowing us to create the capacity to distribute dividends for our shareholders.Rental growthPortfolio value appreciationEPRA NRV growthSustainable and recurring dividendNon-FinancialCreate a Group and an environment in which people want to work, do business, and be associated with.Invest in sustainable and environmentally friendly buildings which help businesses grow.Create safe and healthy spaces where people want to work and be associated with. Assist and improve the communities we are part of by creating opportunities and making a positive contribution Skilled TeamIn-house team of professionals with strong functional and local knowledge of their markets.Financial StrengthConservative financing policy, with simple debt structure and Euro-denominated assets, liabilities and revenues, and a supportive shareholder base.Scale and ReputationTrusted brand and scale creating new opportunities and business efficiencies.Valued relationshipsLongstanding partnerships with leading real estate industry specialists and reputable financial institutions. Invest in real estate opportunitiesAcquire standing properties and land Develop (or refurbish) new propertiesAllocate capital to deliver growth and risk-adjusted returnsManage Our PortfolioOffer best-in-class asset and property management servicesEnhance the attractiveness and performance of our properties and satisfy our partners’ requirementsCreate sustainable and efficient properties reflecting what matters to both our occupiers and the people who work in and use our premisesCreate CommunitiesCreate an environment which people want to work in and be associated withConnect with the local communities Improve quality of life, interaction and communication, and promote, simplify and advance business LocationsPrime locations in fast-growing regions of Poland and Romania9 CitiesSector Primarily office properties, with mixed-use and industrial a secondary focus87%Office GAVProperties Modern high-quality standing properties with environmental certification, or with potential to gain it99.0%of standing commercial GAV is green certifiedTenants Diversified base of large or established national and multinational corporationsc. 71%of contracted rent from multinational tenantsLease termsRevenue streams backed by long-term, Euro-denominated, triple net, inflation-linked leases c. 80%contracted GLA secured with triple net contracts3
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OUR STORY SINCE 2021 4 Industrial Sale2,632 1,044 - 500 1,000 1,500 2,000 2,500 3,000 3,5002021 2022 2023 2024 2025 H1-26Portfolio Value (€m) and Footprint (k sqm)ValueCommercial Standing Footprint195 High inflation16.2 13.0 14.0 15.0 16.0 17.0 18.0 19.0 20.0 - 50 100 150 200 250 3002021 2022 2023 2024 2025 H1-26Total Contracted Rent (€m) and Average Office Rent (€/sqm/mth)Total Rent (LHS)Average Office Rent (RHS)+14% vs. 2021Covid ImpactIndustrial Sale151.960.080.0100.0120.0140.0160.0180.02021 2022 2023 2024 2025 TTM June'26Rental Income (€m): Total and Excluding DisposalsTotal Rental IncomeRental Income ex. Disposals+€25.1m vs. 2021 36.7%30%40%50% - 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.02021 2022 2023 2024 2025 H1-26Conservative LTV and Cash Enhancing StrategyCash Dividends €m (LHS) Scrip Dividends €m (LHS) LTV % (RHS)
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Investmentin SustainableEnvironment& CommunitiesResilient Operating PerformanceFlexible CapitalStructurePreserved and/or Protected OperationalEfficiencyEffectively Assetand Property Managingour Real Estate•51 green standing certified properties (valued €2.5 billion), accounting for 99.0% of our standing commercial portfolio by value•2.0% increase in like-for-like rental income (or €1.5m) •30 June 2026: €273.4 million Cash balance covering 22.1% of the outstanding debt•Most of our contracted rent from standing office and mixed-use (98.0% of annualised contracted rent) and 96.2% in active leases•Signed 133 tenant contracts for 106.1k sqm of commercial space at an average WALL of 4.3 years•All our standing office properties in Romania have a WELL Health-Safety rating, further demonstrating the quality of our portfolio •Dividend paid to shareholders of €0.05 per share in April 2026. Shareholders representing more than 98% of total issued capital have elected Scrip Dividend Alternative•Both Fitch and S&P rating agencies have maintained their credit ratings with stable outlook•Fitch reaffirming BBB- (stable) and S&P BB (stable)•Internalised property management, with 96.7% of office and mixed-use standing properties by value managed in-house•Standing commercial occupancy at 86.6% compared to 85.4% as of December 2025 with Warsaw and Regional Polish cities leading the growth.•Total annualized contracted rent of €195.5m, 3.2% higher compared to December 2025, sustained by indexation, positive leasing activity and new development FOCUSED ON OPERATIONAL EXCELLENCE & SUSTAINABLE GROWTH 5
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6 6 2026 OPERATINGPERFORMANCE UPDATE Renoma, Wroclaw
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97.5%97.8%99.2%99.2%2025 H1-26RomaniaPoland 32 investments with 56 standing properties offering c. 1.0 million sqm‒The footprint of our standing portfolio slightly decreased by 0.8% to 1.0 million sqm following the disposals made during H1-2026, being valued at €2.6 billion as of 30 June 2026.Occupancy increasing by 1.2 percentage points during H1-26:‒Standing Commercial occupancy reaching 86.6% as of June 2026, 1.2 percentage points higher than December 2025 (85.4%)‒Like-for-Like occupancy increased by 1.1 percentage points during the first six months of 2026‒Occupancy increased in all our submarkets with Polish assets leading the growth, recording an occupancy increase of 1.9% to 79.9% as of Jun’26 from 78.0% as of Dec’25Sale of Philips House during the first six months:‒In May we have successfully finalised the sale of Philips House, a 6.2k sqm office building from Warsaw, which we deemed a non-core asset due to its smaller size.Standing portfolio: €2.6bn ‒Overall standing portfolio at €2.6 billion, 0.2% higher compared to Dec’25, ‒Like-for-like appraised value of our standing commercial properties increased by 0.8% at Jun’26 compared to Dec’25 88.390.299.1102.52025 H1-26RomaniaPoland 1,1621,1741,3931,4012025 H1-26RomaniaPolandLfL Standing GAV2(€ m)Standing GLA1(k sqm) LfL Contracted Rent2(€ m)Green Portfolio (% from Standing GAV)Occupancy GLA (%)2WALL (years)22,5552,576 4804775785722025 H1-26RomaniaPoland1,058192.7187.4 1) Includes c.7.0k sqm and c.5.0k sqm of residential space on 31 December 2025 and 30 June 2026, respectively. 2) Refers to commercial. 4.84.73.93.82025 H1-26RomaniaPoland4.24.3 94.4% 94.7%78.0%79.9%2025 H1-26RomaniaPoland86.6%85.4% STANDING PORTFOLIO 98.4%1,04998.6%7
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8 30.68.067.6New Leases Expansions ExtensionsLeasing Activity (k sqm)•Leasing transactions of 106.1k sqm were taken up or extended in H1-26‒63.6% of leasing involving renewals, take-up accounting for the difference‒Average WALL of 4.3 years‒New leases signed in the period will generate a future rental income of c. €100.5 million•Headline market rental levels keeping a resilient upward trend‒Average commercial GLA agreed at €16.7/sqm/mth, 2.9% higher compared to the level of FY2025Avg office rent of €16.7/sqm/mthAvg retail space rent of €18.8/sqm/mth•Effective rent vs headline‒The difference between headline (base) andeffective rents in H1-26 was on average c. 23.3%(average of c. 21.4% for FY2025) Leasing Activity by Type (k sqm)6.6 yrs5.6 yrs 56.050.1Romania Poland3.4 yrsTake-up: 38.6k sqmLeasing Activity by Country (k sqm)52.8%47.2% 87% 10% 16% 12% 19% 10%7% 16% 12% 19% 10% LEASING REVIEW Take-upRenewalsGLA (ksqm)CityPropertyGLA (k sqm)CityProperty6,0k (pre-lease)BucharestGreen Court D17,2kBucharestGreen Court A3.9kBucharestGlobalworth Plaza9,2kBucharestGlobalworth Square3,4kKrakowQuattro Business Park7,1kKatowiceSilesia Star3,0kKatowiceSilesia Star5,5kWarsawSpektrum Tower2,9kWarsawWarsaw Trade Tower4,8kWarsawNordic ParkSelected Properties with High Leasing Activity during H1-2026 16.216.72025 H1-26
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7% 10%ASSET MANAGEMENT /SUSTAINABLE RENTAL INCOMETotal rent by commencement period (€m)Commercial rent: lease expiration profile (€m)Commercial rent: tenant concentrationCommercial rent: tenant origin (€m)44.8 24.3 16.1 10.8 99.3 22.9%35.4%43.6%49.1%100.0%1-10 11-20 21-30 31-40 >40Rent (€m /yr)Cumulative % of totalMultinational; 71.2%National; 27.3%State Owned; 1.6%Largest Tenant 3.5%, Top 3 Tenants 9.3%5%9%11%17%16%42%H2-26 2027 2028 2029 2030 ≥2031Maturity9 Total contracted rent of €195.5 million as of Jun’2698.0% from standing office and mixed-use properties1.4% contracted rent from pre-leases signed in Green Court D, our latest office development from Bucharest, Romania0.6% from leases in our retail, industrial and residential propertiesTotal commercial contracted GLA: c. 0.9 million sqmMore than 650 tenants in our portfolioMost of the portfolio let to national and multinational corporates that are well-recognized names in their respective marketsWAULT: 4.2 yearsCirca 80% of contracted GLA is secured with triple net lease contracts 192.8188.04.8-2.7Active Leases H2-26 TotalPre-lease in GCD as of Jun'26Standing Properties
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10 Green Court D: our latest office project, progressing as plannedPart of our wider Green Court Complex, located in one of Bucharest’s most vibrant areas, which, on completion, will add a further 17.2k sqm to our portfolioAs of June 2026, Green Court D was 61.8% pre-leased to leading companies in CEE.Sale of Philips House in WarsawIn May we have successfully finalised the sale of Philips House, a 6.2k sqm office building in Warsaw, which we deemed a non-core asset due to its smaller size.Land bank potential:0.3m sqm of land bank available for future developments accounting for 1.2% of Group’s combined GAVWhen fully developed, these land plots have the potential to add a total of over 200k sqm of high-quality GLA to our standing portfolio footprint10 REAL ESTATE ACTIVITYGreen Court DProperty Under DevelopmentBucharest New CBDLocation2027EExpected Delivery17.2GLA – on Completion (k sqm)9.6CAPEX to 30 Jun 26 (€ m)13.9GAV (€ m)31.4Estimated CAPEX to Go (€ m)4.4ERV at 100% Occupancy (€ m)10.8%Estimated Yield on Development Cost (%)Philips HouseProperty Sold in H1-26WarsawLocation2017Year of Acquisition6.2GLA (k sqm)10.8GAV as of Dec’25 (€ m)
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11 11 OUR PORTFOLIOSNAPSHOT Skylight and Lumen, Warsaw
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12 COMBINED* PORTFOLIO SNAPSHOTGlobalworth GroupGlobalworth RomaniaGlobalworth PolandAs of June 30th, 2026Standing Investments(1) Standing BuildingsStanding GLA (k sqm)(2) Commercial Occupancy (%)(3) Contracted Rent (€m)(4) WALL (years)GAV (€m) (5) GAV Split by Asset Use(1) GAV Split by City(1) Bucharest 46%Regional Romania 0%Warsaw 23%Regional Poland31%Poland54%Office96%Other 4%Bucharest New CBD75%Bucharest Other24%Regional Romania, 1% Office79%Mixed & Other(Office / Retail and Land)21%Warsaw, 43%Krakow; 20%Wroclaw; 17%Katowice; 12%Gdansk,4%Lodz,4% Office87%Mixed-use11%Other 2%Romania46%*Assets owned under JV are presented at 100% (e.g. Constanta Business Park lands)**Includes one industrial project in Craiova and one mixed retail-residential project in Bucharest (Residential units not considered into the calculation of standing commercial occupancy at group and country level)1. Standing Investments representing income producing properties, 1 investment can comprise multiple buildings. e.g. Quattro Business Park comprises 5 buildings or 1 investment .2. Including 5.0k sqm of residential units in Romania, not considered in commercial occupancy calculation3. Adjusted standing commercial occupancies as of Jun’26 are as follows:•79.3% for Globalworth Poland, adjusted with the available areas of spaces leased to GW Flex•94.3% for Globalworth Romania, adjusted with social commitment lease (DGASMB in BOC)•86.1% for the full Group portfolio, considering above-mentioned adjustments4. Total contracted rent as of 30 June 2026 comprises:•Rent from commercial and residential standing properties (€192.7m & €0.1m respectively);•Pre-let rent in assets under development of €2.7m (Green Court D in Bucharest);5. Includes all property assets, land and development projects on 30 June 2026 valuations Warsaw, 6 Regional, 1218 Office, 12Others**, 214 Office & Mixed Use, 30Others, 232 92.3% 74.8%79.9% 94.6% 97.9%94.7% 86.5% 97.9%86.6% 166.2 405.7 572.0 461.3 16.2 477.5 1,033.3 16.2 1,049.5 3.6 4.0 3.8 4.7 10.6 4.7 4.2 10.6 4.3 42.1 60.4 102.5 91.7 1.3 93.0 194.2 1.3 195.5 599.1 809.3 1,408.4 1,172.7 50.8 1,223.5 2,574.2 57.7 2,631.9 12 Warsaw, 11 Regional, 2536 Office, 18 Others**, 220 Office & Mixed Use, 54Others, 256
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Standing Portfolio as of June 2026: >€2.5bn with c. 1.0m sqm GLA in Poland and Romania and more than 98% Green Certified *In are the number of standing propertiesin each region / city 4 Years or less11.6%5-6 Years10.7%7-8 Years11.0%9-10 Years34.1%10 Years or more32.6%Standing Modern Portfolio as of 30 June 2026: Breakdown by Year of Last Refurbishment (€m)Green Portfolio as of 30 June 2026: Breakdown by Level of Certification (€m)BREEAM Oustanding17.5%BREEAM Excellent39.6%LEED Platinum38.5%LEED Gold2.4%EDGE0.5%Under Certification1.4%BREEAM 57.1%LEED 40.9%AcceptablePassGoodVery goodOutstandingExcellentCertifiedSilverGoldPlatinum BucharestRomania11121264Poland WarsawRegional Poland1319 “CLASS A”, MODERN OFFICE PORTFOLIO IN PRIME CBD LOCATIONS AND SELECT REGIONAL HUBS … 1 NEW CBDBUCHAREST13
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… LEASED TO INTERNATIONAL BLUE-CHIP TENANTS WITH STRONG DEFENSIVE LEASESDiversified base of tenants with 71.2% of contracted rent from multinationals and high dispersion with the largest tenant being3.5% of contracted rentGlobalworth'smulti-tenant / campus leasing model reduces exposure to any tenantWith more than 650 tenants, the largest accounting for 3.5% of contracted rent,while the 10 largest tenants account for 22.9%Strong defensive leases - focus on quality revenue streams, backed by long-term, euro-denominated, triple net, inflation linked leases78.5%19.7%1.8%64.6%34.1%1.3%71.2%27.3%1.6%InternationalNationalState OwnedRomania Poland GroupRomaniaInternationalPoland 14
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15 Warsaw€599.1mGAV11Standing Properties166.2k sqmStanding GLA92.3%Standing Occupancy €42.1mStanding Contracted Rent:€45.3mStanding 100% Potential RentRegional Poland57.5% of our Polish portfolio by value is in 5 regional cities€809.3mGAV25Standing Properties405.7k sqmStanding GLA74.8%Standing Occupancy €60.4mStanding Contracted Rent:€78.2mStanding 100% Potential Rent BEST IN CLASS OFFICE & MIX-USE ASSETS IN POLAND…GdanskWroclawWARSAWKrakowLodzKatowice Tryton Business House (Gdansk)Nokia Campus (Wroclaw)Quattro Business Park (Krakow)Skylight & Lumen (Warsaw)Hala Koszyki (Warsaw)15
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16 BUCHARESTConstanta …AND BEST IN CLASS PORTFOLIOIN ROMANIABucharest NEW CBD€919.8mGAV13Standing Properties353.4k sqmStanding GLA94.3%Standing Occupancy €68.4mStanding Contracted Rent€71.9mStanding 100% Potential Rent17.2k sqmGLA under development€4.4mERV of Development ProjectOther Bucharest and Regional Romania€ 303.7mGAV7Standing Properties124.1k sqmStanding GLA94.0%Standing Occupancy €21.9mStanding Contracted Rent€23.6mStanding 100% Potential RentGW Tower, Green Court &GW Plaza (Bucharest)Globalworth Campus (Bucharest)Unicredit Tower (Bucharest)Renault Bucharest Connected(Bucharest)GW Square, Green Court (Bucharest)Craiova NEW CBDUnicredit HQCity OfficesRBCTCI 16
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17 17 2026 CAPITAL MARKETSPERFORMANCE Globalworth Campus C, Bucharest
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Zakiono Enterprises Ltd60.9% (CPI &AT Consortium)Growthpoint Properties29.6% Oak Hill Advisors4.7% Other (sub-5%)4.8% CAPITAL MARKETS: EQUITY PERFORMANCEShareholding Structure as of 30 June 2026No significant change in shareholder structure since 2021; Share price mainly impacted by limited free float and tradingDuring first part of 2026 CEE’s capital markets have been defined by a shift towards domestic capital, growth divergence and cautious optimism. Zakiono Enterprises Ltd, which is jointly and equally owned by CPI Property Group S.A. ("CPI") and Aroundtown SA ("Aroundtown"), holds 60.9% of the share capital of the Group, followed by Growthpoint Properties Ltd with 29.6%A broader picture of the economic landscape in which we are active, can be depicted by global real estate indexes, with the FTSE EPRA Developed Europe and the FTSE EPRA Global indices recording a performance of -2.8% and +11.7%, respectively, for the six months starting on 1 January 2026,.During the first half of 2026, as in recent previous years, our share price has been trading consistently below its latest reported 31 Dec’25 NRV level of €5.62 / share.•Globalworth’s share price evolution in recent years has been impacted by its limited free float and low liquidity, and in our opinion does not reflect the Company's strong fundamentals, operational performance, and long-term value creation potential18
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CAPITAL MARKETS: BOND PERFORMANCEH1-26 Eurobond PerfomanceSelected Metrics Further deleveraged by redeeming, during Jan-Feb’26, €125m from the 2029 Notes, anticipating a positive impact on our financing costs•Following the bond refinancing back in 2024 and subsequent redemption and buyback we have reached, as of 30 June 2026, a total debt of €1.2 billion out of which our two bonds and the IFC unsecured loan made up €0.5 billion•Having in mind the relatively high financing costs of our senior unsecured notes, at 6.25% coupon, we have successfully completed the redemption of €125 million of our Notes due in 2029 during the first half of the year, using existing cash resources•During last year, our bonds’ performance has been stable, on average, our 24/29 and 24/30 bonds being traded close to the 102% redemption price stipulated in the trust deeds of the two Notes. •Both Fitch and S&P rating agencies have maintained their credit ratings during the first six months of 2026, with Fitch reaffirming our investment grade rating of BBB- with a stable outlook following their annual review, while S&P maintained the group’s corporate credit rating at BB with a stable outlookPerformance of the Globalworth BondsH1-2025H1-2026GWI bond 24/29101.77101.5531 December closing price6.2%6.3%Yield to maturity at 31 DecemberGWI bond 24/30101.85101.6131 December closing price6.2%6.2%Yield to maturity at 31 December19 6.000%6.050%6.100%6.150%6.200%6.250%6.300%6.350%6.400%Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26GWI Bond 24/29GWI Bond 24/30
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20 20 FINANCIAL RESULTSPRESENTATION BOC, Bucharest
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Consolidated Revenue of €119.9m for H1 2026, up by 3.6% On a like-for-like basis our rental income increased €1.5m (or 2.0%)Total rental income increased by €1.3m or 1.7% from annual indexation on active contractsNOI generated in H1 2026 of €68.4m (Like-for-like NOI €68.3m)LTV ratio improved following the debt reduction and Notes redemption from existing liquiditiesHealthy liquidity position at 30 June 2026 with €273.4m in cash and cash equivalentsGain from investment property revaluations of €7.7m (versus loss of €1.7m recorded in H1 2025) FINANCIAL HIGHLIGHTS H1 20262.0% like for like rental income growth on standing propertiesNOI Like-for-like€68.3mvs H1 2025: 0.1%Rental Income Like-for-like€76.0mvs H1 2025: 2.0%Portfolio Value1€2.62bnVs 2025YE: 0.4%Adj. Normalised EBITDA Like for-like2€58.4mvs H1 2025: €58.4mIFRS Earnings before tax €32.0mH1 2025: €21.2mEPRA NRV€1.66bnvs 2025YE: 1.7%IFRS EPS7 centsH1 2025: 3 cents5IFRS Earnings €20.2mH1 2025: €8.0mEPRA NRV / share€5.52vs 2025YE: (1.8)%EPRA EPS8 centsvs H1 2025: 6 cents5EPRA Earnings4€24.0mvs H1 2025: €17.7mLTV36.7%vs 2025YE: 37.0%Dividend / Share35 centsH1 2025: 9 cents Dividend3€14.5mH1 2025: €25.0mAv. Debt Interest Rate4.68%vs 2025YE: 4.81% (1) Combined real estate portfolio includes the Group’s Investment Property - Freehold as at 30 June 2026, plus investment properties held as Joint Ventures presented at 100%.(2) Earnings before Interest (finance cost), tax, depreciation, amortisation of other non-current assets, fair value movement on investment property, and other exceptional and/or non-recurring income and expense items.(3) Dividend paid in first 6 months of 2026 and 2025 respectively.(4) Profit after tax attributable to the equity holders of the Company, excluding investment property revaluation, gains or losses on investment property disposals, gain on acquisition of subsidiaries, acquisition costs, changes in the fair value of financial instruments and associated closeout costs and the related deferred tax impact of any adjustments made to profit after tax to arrive at EPRA earnings(5) Restated following IAS 33 “Earning per Share” requirements regarding accounting for scrip dividend shares issued in 202621
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FINANCIAL HIGHLIGHTS: H1 2026 Earnings – Key Drivers Total rental income increased by 1.7% year-on-year, with €35.7m income recorded in Romania (H1 2025: €35.7m) and €40.5m income recorded in Poland (H1 2025: €39.2m).Net operating cost slightly decreased by 2.2% to €8.2m.Net operating income (NOI)rose to €68.4m from €67.0m, a 2.1% increase from H1 2025. Finance costsof €32.8m (H1 2025: €34.7m), €1.9m lower (or - 5.4%) lower than prior period. oInterest expense on Notes €12.2m (H1 2025: €15.3m), €3.1m Lower due to 2029s Notes redemption o€15.5m for secured loans (H1 2025: €14.1m), a slight increase reflecting the new facilities drawn in H2 2025 o€1.7m for unsecured loans (H1 2025: same) o€0.9m for lease liability (H1 2025: €1.0m) and the recurring debt cost amortization of €2.5m (H1 2025: €2.6m) Finance income was €2.6m (H1 2025: €5.5m), €1.7m less income from cash deposits and €1.4m less interest income from the deferred consideration for vender loans collected in 2025.Current Income tax expensewas €2.0m(H1 2025:€7.6m) down by €5.6m in the absence of the one-off income tax charge in Poland relating to prior periods.Adjusted normalised EBITDAwas €58.5m, increased by €1.2m (or 2.1%) from €57.3m year-on-year, mainly due to €1.4m positive NOI variation. Profit improved to €20.2m in H1 2026from €8.0m in H1 2025, driven by substantial gain in property revaluation and gain on valuation of financial instruments and lower income tax expenses 22Totals may not add up due to rounding1Debt close-out cost of €2.9m excluded from EPRA earnings and included in Finance cost as per IFRS 2Deferred tax related to fair valuation of investment properties, financial instruments and related JV adjustments are excluded from EPRA earnings and included under Income tax expense line as per IFRS ChangeActualActualAll amounts in €'m%∆’mJun-25Jun-26Description1.7%1.3 74.9 76.2 Rental Income(2.2%)0.2 (8.4)(8.2)Net operating cost (11.4%)(0.1)0.5 0.5 Other net income2.1%1.4 67.0 68.4 Total NOI1.4%(0.1)(9.8)(9.9)Administrative Expenses2.2%1.2 57.3 58.5 Adjusted Normalised EBITDA(5.4%)1.9 (34.7)(32.8)Finance Cost1 (53.2%)(2.9)5.5 2.6 Finance Income(74.1%)5.6 (7.6)(2.0)Current Income tax(16.7%)0.5 (2.8)(2.3)Other Net Costs35.4%6.3 17.7 24.0 EPRA Earnings(563%)9.4 (1.7)7.7 Fair value gain/(loss) on IP(174%)3.5(2.0)1.5Fair value gain/(loss) on financial instruments100%(2.9)-(2.9)Debt close-out costs1 368%(0.1)(0.0)(0.1)Loss on share of JV67.0%(4.0)(6.0)(10.0)Other Expenses (inc. Deferred Tax)2151.2%12.1 8.0 20.2 Net profit of the Company
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FINANCIAL HIGHLIGHTS:CONDENSED BALANCE SHEET 30 JUNE 2026 The Group maintains a high liquidity position, supported by a cash balance of €273.4m, which covers approximately 22% of its outstanding debt of €1.2bn 23 ChangeActualActual%∆'mDec-25Jun-26(figures in €m)0.4%11.2 2,612.5 2,623.7 Investment property - freehold4.0%0.2 4.1 4.2 Investments in joint-ventures(33%)(137.2)410.6 273.4 Cash and cash equivalents2.4%2.2 91.0 93.2 Other Assets(4.0%)(123.7)3,118.2 2,994.5 Total Assets1.3%19.7 1,513.6 1,533.3 Total Equity(15%)(193.9)1,327.6 1,133.6 Loans and borrowings - LT135%54.3 40.1 94.4 Loans and borrowings - ST(10.2%)(139.7)1,367.7 1,228.0 Total Loans and Borrowings(2%)(3.7) 236.9 233.2 Other Liabilities(8.9%)(143.4)1,604.6 1,461.2 Total Liabilities(4.0%)(123.7)3,118.2 2,994.5 Total Equity and LiabilitiesTotals may not add up due to rounding Investment property freehold:•reflect 0.4% uplift (by €11.2m) compared to 31 December 2025, following the half year increase in valuations and reduced by €12.9m disposals Cash and cash equivalents •decreased by €137.2m from December 2025 primarily driven by the 29 Notes redemption triggering €131.5m (including fees) cash outflowLoans and borrowings•net reduction of €139.7m compared with December 2025, mainly due to Notes redemption and scheduled secured debt amortisation
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FINANCIAL HIGHLIGHTS: CONDENSED CASH FLOW 30 JUNE 2026 24 ChangeActualActual%∆'mJun-25Jun-26(figures in €m)4.8%3.0 62.9 65.9 Cash flow from operations before net finance costs and income tax24%(7.4)(30.7)(38.1)Interest paid(44%)(1.8)4.0 2.3 Interest received326%(7.4)(2.2)(9.6)Income tax paid(100%)6.1 (6.1)-Payment for financial instruments(26%)(7.3)27.7 20.4 Cash flow from Operating Activities(24%)6.8 (28.9)(22.0)CAPEX and Tenant Incentives100%(7.6)-(7.6)Development CAPEX (GCD)716%(8.1)(1.1)(9.2)Free Cash Flow839%9.4(1.1)8.3Free Cash Flow – LfL basis147%7.7 5.3 13.0 Proceeds from sale of properties(54%)0.4 (0.8)(0.3)Other Net CF from Investing Activities180%8.1 4.5 12.6 Cash flow from Investing Activities(39%)0.2 (0.4)(0.3)Dividends(100%)(45.0)45.0 -Proceeds from loans & borrowings166%(84.8)(51.2)(135.9)Repayment of loans & borrowings(41%)1.7 (4.0)(2.4)Other Net CF from Financing Activities1196%(127.9)(10.7)(138.6)Cash flow from Financing Activities1749%(127.8)(7.3)(135.2)Net decrease in cash and cash equivalents163%(1.3)(0.8)(2.1)Effect of exchange rate fluctuationsCash and cash equivalents:333.6 410.6 - at the beginning of the year325.5 273.4 - at the end of the periodTotals may not add up due to rounding Free Cash flow negatively influenced by €5.9m one-off income tax payment, €4.0m brought-forward interest payment and €7.6m new development capexoAdjusted Free cash flow – LfL basis (exclude one off events) of €8.3m (H1 2025: - €1.1m) on like-for-life, increased by 839% (or €9.4m)•Interest paid increased by €7.4m: o€4.0m brought-forward payment for 2029s Notes redeemed early in Feb-26 o€3.4m paid for existing facilities, out of which €1.3m for facilities drawn in H2 2025•Income tax paid amounted to €9.6m (H1 2025: €2.2m), increased by €7.3m primarily driven by €5.9mone off payment relating to Fizan tax audits and €1.4m net increase in recurring corporate tax•CAPEX and Tenant Incentives declined by €6.8m following the completion of key building maintenance tenant upgrade projects•Proceeds from sale of investment property consist of €9.2m from Philips disposal, €3.1m residential units and €0.7m advance received for Podium C plot, PSPA signed in H1-2026. •Repayment of loans & borrowingsconsist of €125m 29 Notes redemption at 102 per cent, in February 2026, from existing liquidity resources and €8.4m principal amortisation of secured bank loans.
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EPRA NRV AND EARNING METRICS30 JUNE 2026 Per ShareTotalcents€'m720.2IFRS Earnings(3)(7.7)FV gain on properties11.7FV gain on financial instrument00.3Profit on disposal of investment properties and related tax39.6Deferred tax on investment property0(0.1)Joint Ventures & Other net expense824.0 EPRA Earnings EPRA NRV to IFRS NAV per Share (€) IFRS Earnings to EPRA Earnings •The EPRA Net Reinstatement Value (“NRV”) reflects the estimated long-term value of a company’s net assets, on the basis that a company keeps its properties and doesn’t sell them.EPRA NRV reached €1,659.3 million at 30 June 2026 which was 1.7% higher compared to the end of 2025.ERPA NRV is €5.52 per share at 30 June 2026 from the EPRA earnings generated in the periodIFRS NAV is €5.10 per share on 30 June 2026, deferred tax liability of €0.47/share a key difference verses ERPA NRV 25Totals may not add up due to rounding
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26 26 •90.7% of total debt fixed/hedged (Dec 2025: 91.4%) representing average maturity of 3.5 years (Dec 2025: 3.9 years ) and the average hedged rate(under Euribor variable-fixed interest swaps) was unchanged at 1.93% on 30 June 2026.•In terms of financing activity in H1 2026, we:–redeemed €125m from 29 Notesat 102 per cent, in February 2026, from existing liquidity resources–paid:€8.5m loan amortization in Romania, €4.0m for 29 Notes coupon, €16.8m for 30 Notes coupon and €17.3m interest for secured bank loans–37.1% unsecured financing from public debt markets(December 2025: 43%) lower after Notes redemption•Weighted average maturity of all debt is 4.1 years (Dec 2025: 4.5 years)•Our LTV is 36.7% slightly lower from 37.0% at December 2025•In March 2026 , we signed a €39.4m secured facility with Banca Transilvania, for financing Green Court D development, available for drawdown until September 2028 (subject to CPs and own contribution fulfilment which we expect to reach by Q4 2026) •€62.7 million credit facility maturing in February 2027 currently under refinancing process8.7 18.6 17.5 153.1 296.1 123.0 88.3 62.3 85.0 98.9 268.4 01002003004005006002026 2027 2028 2029 2030 2031 2032-2036Debt Repayment (€’m)BondIFCUnder extensionBankLoan-to-value ratio (“LTV”)Dec-25Jun-26€m 1,379 1,237Balance Sheet Debt (at Face Value)(411)(273)Less: Cash/Cash Equivalents968 963Net Debt--Add: 50% Share of JV Debt/Cash968963Combined Net Debt2,6132,624Investment Property44Add: 50% share of JV Property OMV2,6172,628Group Share of Total Open Market Value37.0%36.7%LTV FINANCING OVERVIEW30 JUNE 2026
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27 27 SUSTAINABLE DEVELOPMENTUPDATE Globalworth @ Untold Festival Cluj-Napoca
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28 5 properties were recertified with BREEAM Outstanding and LEED Platinum in our portfolio during the first semester of 2026.Overall, 51 green-certified properties in our portfolio valued at €2.5 billion accounting for 99.0% of our combined standing commercial portfolio value.100% of our office properties in Romania by value have a WELL Health-Safety rating, further demonstrating the quality of our portfolioIssued our eighth sustainable development report for the Group for FY 2025, the first to receive limited assurance from auditorsAcquisition of ESG-related certificationsGreen Certifications of Standing Portfolio and Year of Last Refurbishment(30 Jun 2026) (€ GAV)•Virtually our entire commercial portfolio is green certified 28In March 2023, we have obtained Science Based Target Initiative approved 1.5C aligned GHG emission reduction targets. ‒We aim to reduce the GHG emission intensity of our operations by 46% by 2030 from a 2019 baseline (Scope 1&2) and commit to measuring and reducing our Scope 3 emissions; as of end of 2025, based on preliminary numbers, the intermediary targets set for 2025 for total Scope 1 and 2 were reachedWe secure 100% of the electricity used in our properties from renewablesourcesWe have a wide-ranging CapEx program started in 2022, aiming atbringing all our buildings to the highest level of energy efficiency,technology and comfort. This also helps with Scope 1 and 2 emissionreductionWe actively engage our suppliers and tenants to reduce our upstream anddownstream Scope 3 emissionsCarbon emission reduction targetsCapEx ObjectivesCapEx objectives include the following‒Promoting green buildings‒Improving building’s energy efficiency‒Implementing new innovative technologiesProperly managing the impacts of climate change throughout our portfolio and CapEx deployment, where the most significant variables exist, creates several benefits, including, among other things, compliance with regulatory frameworks, reputational gains, lower insurance premiums and disaster risk reductionOur environmental commitments relate to the long-term environmental performance of our properties, as well as the reduction of energy consumption COMMITMENT TO HIGHEST STANDARDS OF SUSTAINABLE DEVELOPMENT17.5%39.6%38.5%2.4%0.5%1.4%BREEAM OutstandingBREEAM ExcellentLEED PlatinumLEED GoldEDGEUnder Certification> 10 Years9-10 Years7-8 Years5-6 Years< 4 YearsBREEAM 57.1%LEED 40.9%
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SUSTAINABLEDEVELOPMENTUPDATE: PEOPLE 29 We view our role as increasingly responsible towards the people that work at and visit our properties, as well as towards the wider community of which we consider ourselves to be an integral partWe own >1.0m sqm of high-quality real estate space where more than 250k people work or visit daily under “normal” conditions By participating in projects such as:•Open Learning powered by Globalworth -an educational initiative, built around the idea of "Learn where business happens." The programme is aimed at high school and university students in Wrocław, connecting them with leading companies operating in the region through practical learning experiences in real workplaces•Blood donation day: organised in our offices in both Romania and Poland for our community members•Book Clubs – organised for our Bucharest Globalworth Community - We shared our thoughts, sipped tea and wine, enjoyed cookies, and connected with fellow book lovers•Bike to Work and No Car Day campaigns - To celebrate World Environment Day, we dedicated the entire week to our No Car Day initiative across our office buildings. We supported our community members who chose to bike to work by offering dedicated bike parking, showers, and secure lockers across our buildings Globalworth Foundation In the first half of 2026, Globalworth and the Globalworth Foundation continued with their very active social programme, contributing c. €80k to over 11 initiatives in Romania and Poland.
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30 3030 ADDITIONAL INFORMATION Silesia Star, Katowice
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31 COMBINED STANDING PORTFOLIO SNAPSHOTBY LOCATION AND TYPE (JUN 2026)Contracted Headline Rent / Sqm or Unit Rent Occupancy Rate Area Value Number of Industrial Commercial Office 100% Rent WALL Contracted by GLA GLA GAV Properties Investments (€/sqm/m) (€/sqm/m) (€/sqm/m) (€m) Years Rent (€m) (%) (k sqm) (€m) (#) (#) Office & Mixed-Use Portfolio --15.6 15.6 71.0 4.7 67.5 94.9%343.1 884.7 12 8 Bucharest New CBD --15.0 15.3 23.2 4.5 21.5 93.7%118.2 274.1 6 4 Bucharest Other --15.5 15.5 94.2 4.6 89.0 94.6%461.3 1,158.8 18 12 Romania: Office --20.7 20.5 45.3 3.6 42.1 92.3%166.2 599.1 11 6 Warsaw --15.2 15.1 28.7 3.4 20.1 67.4%150.2 278.2 12 4 Krakow --15.5 15.1 21.2 5.1 17.6 81.8%105.1 246.5 4 3 Wroclaw --13.7 13.8 6.0 1.7 4.4 70.5%35.5 52.1 2 1 Lodz --14.3 14.5 17.0 4.1 13.1 73.7%89.4 166.7 6 3 Katowice --15.8 16.0 5.3 4.1 5.2 99.8%25.5 59.0 1 1 Gdansk --16.9 16.9 123.5 3.8 102.5 79.9%572.0 1,401.5 36 18 Poland: Office & Mixed-Use --15.0 15.1 78.2 4.0 60.4 74.8%405.7 802.4 25 12 Of which Regional Poland --16.7 16.8 100.7 3.7 85.1 81.7%475.0 1,117.2 29 15 Of which Office Poland --18.3 18.4 22.8 4.3 17.4 71.1%96.9 284.3 7 3 Of which Mixed-Use Poland --16.2 16.2 217.7 4.2 191.5 86.5%1,033.3 2,560.3 54 30 Total Office & Mixed-Use Portfolio Logistics / Light-Industrial 4.6 4.7 8.4 0.4 17.9 0.4 100.0%5.9 5.0 1 1 Craiova 4.6 4.7 8.4 0.4 17.9 0.4 100.0%5.9 5.0 1 1 Total Industrial Portfolio Other Portfolio ------0.1 3.5 0.1 nm5.0 10.8 1 1 Bucharest New CBDUpground Complex - Residential --11.0 --0.8 8.1 0.8 95.5%5.3 10.4 ----Bucharest New CBDUpground Complex - Commercial --11.0 --0.9 7.4 0.9 nm10.3 21.2 1 1 Total Other Portfolio 4.6 16.1 16.2 218.9 4.2 192.7 86.6%1,044.5 2,575.7 55 31 Total St. Comm. Portfolio 4.6 15.3 15.5 95.4 4.7 90.2 94.7%472.5 1,174.2 19 13 Of which Romania --16.9 16.9 123.5 3.8 102.5 79.9%572.0 1,401.5 36 18 Of which Poland 31
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32 PORTFOLIO YIELD AND VACANCYAS OF JUNE 2026100% Rent YieldPortfolio€m Romania€m Poland€m 2,631.91,223.5 1,408.4Combined Property Portfolio (10.8)(10.8)--Less: Residential Units (45.4)(38.5)(6.9) Less: developments & land 2,575.71,174.21,401.5GAV – Combined Commercial Standing Portfolio (€m) 192.790.2102.5Headline Contracted Rent 86.6%94.7%79.9%Average Occupancy Rate 7.5%7.7%7.3%Contracted Rent Yield –Combined Commercial Standing Portfolio 218.995.4123.5Potential Headline Rent at 100% Occupancy 100.0%100.0%100.0%100% Occupancy Rate 8.5%8.1%8.8%100% Rent Yield –Combined Commercial Standing Portfolio Yields calculated as per 2025:7.3%7.6%7.1%Contracted Rent Yield8.4%8.1%8.8%100% Rent Yield32 Globalworth Vacancy Rate - SqmPortfolioRomaniaPoland140.025.1114.9(A)Available Standing Commercial GLA (k sqm)1,044.5472.5572.0(B)Total Standing Commercial GLA (k sqm)13.4%5.3%20.1%(A / B) Globalworth Vacancy Rate
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33 This presentation is published solely for information purposes, and it may not be reproduced or redistributed or republished, in whole or in part, for any purpose by any person other thanGlobalworth Real Estate Investments Limited (the “Company”) .By accessing this presentation, you are agreeing to be bound by the following limitations.FORWARD LOOKING STATEMENTSThis presentation may include certain statements that are, or may be deemed to be, "forward-looking statements" in respect of Globalworth Real Estate Investments Limited’s ("Globalworth")operations, performance, prospects and/ or financial position. These statements can be identified by the use of terms such as “may”, “will”, “should”, “expect”, “anticipate”, “estimate”, “intend”,“continue”, “target” or “believe” (or negatives thereof) or other variations thereon or comparable terminology. By their nature, forward-looking statements involve risk, uncertainty andassumptions since they relate to future events and circumstances. Actual results or events may differ materially from those expressed or implied by those forward-looking statements. Anyforward-looking statements in this presentation reflect management's view with respect to those future events as to the date of this presentation only, and no reliance may be placed on them forany purposes whatsoever. No representation or warranty is made as to the achievement or reasonableness of those forward-looking statements and should not be taken as a representation thatsuch trends or activities will continue in the future. Any of the assumptions underlying these forward-looking statements could prove inaccurate or incorrect and therefore any resultscontemplated in the forward-looking statements may not actually be achieved. Nothing contained in this presentation or communicated verbally should be construed as a profit forecast or profitestimate. Investors or other recipients are cautioned not to place undue reliance on any forward-looking statements contained herein. Past performance cannot be relied upon as a guide to futureperformance and persons needing advice should consult an independent financial adviser. Save as is required by applicable law, Globalworth undertakes no responsibility or obligation to publiclyupdate or revise any forward-looking statement in this presentation resulting from new information, future events or otherwise.DISCLAIMERThis Presentation has been prepared by Globalworth for information purposes only and in good faith. Its contents have not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”), as amended. This Presentation does not constitute, and must not be construed as, an offer or invitation, or any solicitation of an offer or invitation, to sell or subscribe for or purchase, any securities in the Company in any jurisdiction, or to adopt any investment strategy. The information in this Presentation does not constitute investment, accounting, tax, credit, or legal advice. Neither the Presentation, nor any part of it nor anything contained or referred to in it, nor the fact of its distribution, should form the basis of or be relied on in any way as an inducement in relation to a decision to purchase or subscribe for or enter into any contract or make any other commitment whatsoever in relation to any such securities. Any reliance on all or any part of this Presentation for the purpose of engaging in any investment activity may expose an individual or organisation to a significant risk of losing all of their investment. 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The information provided in this Presentation is not warranted as to completeness or accuracy and is subject to change without notice. Recipients viewing this Presentation after its date are advised that there may have been events that occurred subsequent to such date that could have a material adverse effect on the information set forth in the Presentation, including any financial information of the Company. The distribution of this Presentation in certain jurisdictions may be restricted by law and persons into whose possession this Presentation comes should inform themselves about and observe such restrictions. DISCLAIMER 33
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34 34For more information, please seewww.globalworth.com 34