DGAP-News: CPI PROPERTY GROUP

CPI PROPERTY GROUP
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254

PRESS RELEASE
Luxembourg, 12 March 2018

CPI PROPERTY GROUP - Results of the Buy Back Offer.

Further to the buy-back offer published by CPI PROPERTY GROUP (the "Company") on 2 March 2018 (the "Offer") and the thereto related press release of 5 March 2018, the Company hereby announces the results of the Offer following the closing of the Offer period.

A total of 724,853,952 shares in the Company have been presented to the Offer for the proposed acquisition price of EUR 0.20 per share (representing in aggregate app. EUR 145 million). The Company has already signed the transfer agreements with respect to such shares. This represents a direct holding by the Company of 7.64% of the Company's share capital and 7.64% of the voting rights in the Company.

For further information please contact:

INVESTORS

CPI Property Group
David Greenbaum
Chief Financial Officer
E d.greenbaum@cpipg.com

MEDIA

Kirchhoff Consult AG
Andreas Friedemann
Borselstraße 20
22765 Hamburg
T +49 40 60 91 86 50
F +49 40 60 91 86 60
E andreas.friedemann@kirchhoff.de