Globalworth Regulatory News (GWI)

Globalworth Real Estate Investments Limited

("Globalworth" or "the Company") (AIM: GWI)

Conversion of the York and Oak Hill Advisors debt facility into ordinary shares

Guernsey, 19 December 2014: Globalworth Real Estate Investments Ltd. (AIM: GWI) ("Globalworth" or "the Company"), the real estate investment company targeting opportunities in Romania, is pleased to announce the conversion of the York and Oak Hill Advisors debt facility into ordinary shares in the capital of the Company ("Ordinary Shares").

On 24 March 2014, York Global Finance Offshore BDH (Luxembourg) S.a.r.l., a private entity affiliated with York Capital Management Global Advisors, LLC, ("York") and private funds managed by Oak Hill Advisors and its affiliates ("Oak Hill Advisors"), agreed to acquire from UBS Limited its rights as original lender under the €65,000,000 Secured Term Bridge Facility Agreement dated 14 February 2014 made between, amongst others, the Company and UBS Limited (the "Facility Agreement") by entering into a binding agreement (the "Agreement") with the Company and Ioannis Papalekas, the Company's founder.

Pursuant to the terms of the Agreement, on 20 May 2014 the Facility Agreement was amended so that all interest was capitalised and the maturity date was set at 18 December 2014 (the "Maturity Date"). It was agreed that, not later than the Maturity Date, the indebtedness under the Facility Agreement (including capitalised interest) will be repaid though a mandatory conversion into Ordinary Shares at €5.90 per Ordinary Share, being the placing price of the secondary offering as announced on 23 April 2014.

All indebtedness outstanding under the Facility Agreement (including capitalised interest) have today mandatorily converted into an aggregate of 11,999,962 Ordinary Shares in the Company, which have been issued by the Company to the above mentioned affiliates of York and Oak Hill Advisors in proportion to their outstanding amounts under the Facility Agreement.

Application has been made to the London Stock Exchange plc for the admission of the 11,999,962 new Ordinary Shares to trading on AIM. It is expected that admission of the 11,999,962 new Ordinary Shares will become effective and dealings will commence on AIM on 22 December 2014. The 11,999,962 new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

Following admission of these Ordinary Shares, the Company's enlarged issued share capital will comprise 53,645,088 Ordinary Shares with voting rights in the Company. The Company holds no shares in treasury. Therefore the total number of the voting rights in the Company is 53,645,088 which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in the interest, in the share capital of the Company under section 5 of the FCA's Disclosure and Transparency Rules as reflected in the Company's articles of incorporation.

For further information visit www.globalworth.com or contact:

Panmure Gordon (Nominated Adviser and Joint Broker) Tel: +44 20 7886 2500

Andrew Potts

Duncan Monteith

Cantor Fitzgerald Europe (Joint Broker) Tel: +44 20 7894 7000

Rick Thompson

David Foreman

Milbourne (Public Relations) Tel: +44 20 3540 6458

Tim Draper

About Globalworth:

Globalworth Real Estate Investments Limited is a real estate investment company founded by real estate investor and developer Ioannis Papalekas currently focussed on taking advantage of investment opportunities in Romania. The Company is Guernsey incorporated and has been declared by the Guernsey Financial Services Commission to be a registered closed-ended collective investment scheme. The Company's shares were admitted to trading on AIM in July 2013.

The Romanian market offers an attractive real estate investment proposition in the medium-to-long term. Globalworth believes that global investor capital flows will gradually move from markets considered as "safe havens" to more peripheral markets such as Romania in search of higher yielding investments. As a result, Romania should, in due course, become a more attractive destination for a wide investor audience. Globalworth anticipates holding an early mover advantage and benefitting from this gradual shift in investor sentiment.