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Share Issue/Capital Change • Oct 21, 2011

Press Release

Paris, 21 October 2011

Orco Property Group – Admission of 3,000,000 shares issued in the capital increase of 22 September 2011 to trading on the regulated market of the Warsaw Stock Exchange.

Further to its press release of 22 September 2011, Orco Property Group announces that its 3,000,000 new ordinary shares (ISIN: LU0122624777) issued and listed on the regulated market of NYSE Euronext in Paris on 22 September 2011 (the "New Shares") are admitted to trading on the regulated market of the Warsaw Stock Exchange as of 21 October 2011.