Appointment of Joint CEOs

6 November 2025

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Appointment of Joint CEOs

Globalworth announces the appointment of Piotr Olendski and Roy Vishnovizki as Joint Chief Executive Officers. Dennis Selinas, who has served as Globalworth's CEO for the past three years, will step down to pursue other opportunities and will support an orderly transition.

Mr Olendski has served as a Non-Executive Director on the Board since December 2021 and has extensive experience in finance and corporate leadership. His background includes consulting for Polish renewable energy companies, executive roles at PZU SA overseeing corporate insurance, and 19 years at Deutsche Bank Polska SA, where he spent seven years as a Management Board Member responsible for investment banking.

Mr Vishnovizki is an accomplished CEO with extensive experience in senior management roles for both listed and private companies across Europe, including in the position of CEO of TLG Immobilien AG. He has a strong background in leading large enterprises, including in the real estate sector.

"On behalf of the Board of Directors, I want to thank Dennis for his leadership and important contributions to Globalworth over the past three years. During his tenure, the Company executed a successful bond exchange, enhanced its liquidity through secured financings and asset disposals, and kept operations resilient in challenging market conditions" said Martin Bartyzal, Chairman. "With the appointments of Piotr and Roy, we ensure continuity and strengthen our leadership team, and I am confident both will contribute immensely to Globalworth's future success."

Mr Olendski will remain on the Board, now as an Executive Director, and Mr Vishnovizki will join the Senior Management Team.

Following the above changes to the Board, Richard van Vliet will become chair of the Remuneration Committee (in place of Piotr Olendski) with Martin Bartyzal and Favi Stelian remaining as members and Roy Vishnovizki will join the Investment Committee as a member (in place of Dennis Selinas) with Favi Stelian remaining as Chair, and Piotr Olendski, Norbert Sasse and David Maimon remaining as members.

The above changes will take immediate effect.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement, this inside information is now considered to be in the public domain. The person responsible for arranging the release of this announcement on behalf of the Company is Nicola Marrin, Company Secretary.

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About Globalworth / Note to Editors: 

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 250 professionals across Cyprus, Guernsey, Poland and Romania the combined value of its portfolio is €2.6 billion, as at 30 June 2025. Approximately 98.5% of the portfolio is in income-producing assets, predominately in the office sector, being leased to a diversified array of over 650 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Constanta, Targu Mures and Craiova.

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