CpiFim

Share Issue/Capital Change • Apr 20, 2010

Press Release of April 20, 2010 - (8:30 CET);

Regulatory Information (*)

Orco Property Group S.A. – Completion of Third Round of Capital Increases

Orco Property Group (the "Company") announces that the capital increase of 3 million EUR subscribed by Finplat and Hillgrove Investments Group Limited that was announced on April 15, 2010 (please refer to Company"s press release "Orco Property Group S.A. – a third round of capital increase" of April 15, 2010), was completed on April 19, 2010. This capital increase was presented to the notary in Luxembourg on April 19, 2010, was approved and the Company"s Articles of Association were amended. Accordingly, as of April 19, 2010, the corporate capital of Orco Property Group is set at 57,620,850.60 EUR represented by 14,053,866 shares without nominal value. As such, 600,000 new ordinary shares issued by the Company (the "New Shares") for Finplat and Hillgrove Investments Group Limited will carry the same rights (including voting rights) as the existing shares, ISIN LU0122624777.

The Company is preparing prospectus for approval by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, so that the New Shares can be listed and admitted for trading on Euronext Paris, the Prague Stock Exchange, the Warsaw Stock Exchange and the Budapest Stock Exchange. Until the New Shares are listed and admitted for trading on the above regulated markets, the New Shares shall be recorded, and remain recorded, as nominee account (compte nominatif pur) in theregister of the Company held by CACEIS Corporate Trust. Following their listing and admission for trading on the above regulated markets, the New Shares will be fully fungible with the existing shares.

Luxembourg, April 20, 2010

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