Globalworth Regulatory News (GWI)

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Globalworth Real Estate Investment Limited

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

York Capital Management Global Advisors, LLC

City and country of registered office (if applicable)

New York, USA

4. Full name of shareholder(s) (if different from 3.)v

Name

City and country of registered office (if applicable)

Cayman Islands

5. Date on which the threshold was crossed or reachedvi:

19/07/2019

6. Date on which issuer notified (DD/MM/YYYY):

24/07/2019

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

2.55

0

2.55

193,834,684

Position of previous notification (if

applicable)

5.85

0

5.85

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ordinary

1,454,443

0.75

Ordinary

612,231

0.32

Ordinary

173,859

0.09

Ordinary

116,114

0.06

Ordinary

280,431

0.14

Ordinary

81,956

0.04

Ordinary

151,707

0.08

Ordinary

217,854

0.11

Ordinary

1,601,921

0.83

Ordinary

245,181

0.13

SUBTOTAL 8. A

4,935,697

2.55

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

York Capital Management Global Advisors, LLC

2.55

N/A

2.55

YCM Master Holdings I LP

N/A

N/A

N/A

York European Opportunities Domestic Holding, LLC

N/A

N/A

N/A

York European Opportunities Investments Master Fund, L.P.

N/A

N/A

N/A

York Capital Management Global Advisors, LLC

2.55

N/A

2.55

YCM Master Holdings I LP

N/A

N/A

N/A

York European Focus Domestic Holdings, LLC

N/A

N/A

N/A

York European Focus Master Fund, L.P.

N/A

N/A

N/A

York Capital Management Global Advisors, LLC

2.55

N/A

2.55

YCM Master Holdings I LP

N/A

N/A

N/A

York Offshore Holdings II, LLC

N/A

N/A

N/A

York European Strategic Investors Holdings Fund, L.P.

N/A

N/A

N/A

York Capital Management Global Advisors, LLC

2.55

N/A

2.55

YCM Master Holdings I LP

N/A

N/A

N/A

Dinan Management, LLC

N/A

N/A

N/A

York Multi-Strategy Master Fund, L.P.

N/A

N/A

N/A

York Capital Management Global Advisors, LLC

2.55

N/A

2.55

YCM Master Holdings I LP

N/A

N/A

N/A

York Asian Strategic Holdings, LLC

N/A

N/A

N/A

York European Strategic Metric Master, L.P.

N/A

N/A

N/A

York Capital Management Global Advisors, LLC

2.55

N/A

2.55

YCM Master Holdings I LP

N/A

N/A

N/A

Dinan Management, LLC

N/A

N/A

N/A

York Capital Management, L.P.

N/A

N/A

N/A

York Capital Management Global Advisors, LLC

2.55

N/A

2.55

YCM Master Holdings I LP

N/A

N/A

N/A

Exuma Management, LLC

N/A

N/A

N/A

Exuma Capital, L.P.

N/A

N/A

N/A

York Capital Management Global Advisors, LLC

2.55

N/A

2.55

YCM Master Holdings I L.P.

N/A

N/A

N/A

York Credit Opportunities Domestic Holdings, LLC

N/A

N/A

N/A

York Credit Opportunities Fund, L.P.

N/A

N/A

N/A

York Capital Management Global Advisors, LLC

2.55

N/A

2.55

YCM Master Holdings I LP

N/A

N/A

N/A

York European Distressed Credit Holdings, LLC

N/A

N/A

N/A

York European Distressed Credit Fund, L.P.

N/A

N/A

N/A

York Capital Management Global Advisors, LLC

2.55

N/A

2.55

YCM Master Holdings I L.P.

N/A

N/A

N/A

York Credit Opportunities Domestic Holdings, LLC

N/A

N/A

N/A

York Credit Opportunities Investments Master Fund, L.P.

N/A

N/A

N/A

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

11. Additional informationxvi

York Capital Management Global Advisors, LLC acts as manager and indirectly exercises investment and voting rights control over the finds listed in section 9 above.

Place of completion

London, UK

Date of completion

24 July 2019