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Share Issue/Capital Change • Feb 23, 2011

Orco Property Group S.A. – Admission to trading of 2,020,000 shares issued in April 2010 capital increases on the regulated market of the Warsaw Stock Exchange.

Press Release of 23 February 2011 (17:30); Regulatory Information (*)

Orco Property Group (the "Company") announces that further to the approval of the Prospectus by the Luxembourg Commission de Surveillance du Secteur Financier on 24 January 2011 and the admission of the 2,020,000 ordinary shares of the Company (the "Shares") to trading on the regulated markets of NYSE Euronext in Paris on 28 January 2011, the Prague Stock Exchange on 7 February 2011, and the Budapest Stock Exchange on 17 February 2011, the Warsaw Stock Exchange resolved today to admit and introduce the Shares on its main market. The Shares will be introduced to trading on the main market of the Warsaw Stock Exchange as of 25 February 2011.

Luxembourg, 23 February 2011

(*) (Law of 11 January 2008 and Regulation of the Grand-Duchy of 11 January 2008 relating to the transparency obligations of issuers of securities)