CpiFim

Report Publication Announcement • Sep 1, 2010

Declaration Letter First Half Financial Reports as at 30^th June 2010

Persons responsible for the First Half Financial Reports $1.1$

Mr. Jean François OTT, managing director of Orco Property Group, with professional address at 25 rue Balzac, F-75406 Paris Cedex 08;

Mr. Nicolas TOMMASINI, director of Orco Property Group, with professional address at 25 rue Balzac, F-75406 Paris Cedex 08;

Tel: +33 (0) 1 40 67 67 05 Fax: +33 (0) 1 40 67 67 01 Email: jfott@orcogroup.com ntommasini@orcogroup.com

Acting as directors of ORCO PROPERTY GROUP, société anonyme, with registered office at 40, Parc d'Activités Capellen, L-8308 Capellen, RCS Luxembourg B 44.996 (hereafter « ORCO PROPERTY $GROUP \gg$ ).

$1.2$ Directors' responsibilities statement by the person responsible for First Half Financial Reports

The directors confirm that, to the best of each person's knowledge:

The condensed interim consolidated financial information prepared in accordance with IAS34 "Interim financial reporting" as adopted by the European Union, give a true and fair view of the assets, liabilities, financial position and profit of ORCO PROPERTY GROUP and its subsidiaries included in the consolidation taken as a whole: and

Approved by the Board of Directors and signed on its behalf by Mr. JeanFrançois OTT and Mr. Nicolas TOMMASINI.

Paris, 31^st August 2010

Jean-François OTT Managing Director ORCO PROPERTY GROUP

$\frac{1}{\sqrt{2}}$

NICOLAS TOMMASINI Director ORCO PROPERTY GROUP

ORCO PROPERTY GROUP Société anonyme 40, Parc d'Activités Capellen L-8308 Capellen RCS Luxembourg B 44.996 TVA LU 16712774 tél: 00 352 26 47 67 1 fax: 00 352 26 47 67 67 www.orcogroup.com