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M&A Activity • Mar 15, 2013

2269_iss_2013-03-15_830036fe-6291-43b6-9c18-893e35b90214.pdf

M&A Activity

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Press Release

Paris March 15, 2012

Orco Property Group sells stake in Office II Sub-fund of Endurance Real Estate Fund

Orco Property Group ("OPG") announces that it has sold its units in the Office II Sub-fund of the Endurance Real Estate Fund to J&T Banka a.s. effective 15 March 2013 for a total sale price of EUR 1.2 million. The Endurance Real Estate Fund is a privately held closed end property fund (a Luxembourg fonds commun de placement - fonds d'investissement spécialisé), composed of three sub-funds, managed by the Endurance Real Estate Management Company, a subsidiary of OPG. OPG continues to hold units in the Residential Sub-fund.

For more information, visit our shareholder corner on www.orcogroup.com