Globalworth Real Estate Investments Limited (AIM:GWI) commences share repurchases on March 31, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 20, 2022. As per the mandate, the company is authorized to repurchase up to 33,216,186 shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the closing quotation for an ordinary share of the relevant class taken from and calculated by reference to the London Stock Exchange plc's Daily Official List for five business days immediately preceding the day on which that share is purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out at the relevant time provided that the company shall not be authorized to acquire shares at a price above the estimated prevailing net asset value of the relevant class of share on the date of purchase.

The minimum price which may be paid for an ordinary share is €0.01 per share. The repurchased shares will be cancelled or held as treasury shares. Unless previously varied, revoked or renewed, the authority shall expire on the earlier of September 30, 2023, or the date of the next Annual General Meeting of the company.