CpiFim

M&A Activity • Dec 7, 2010

Press Release

Orco announces sales of its properties located in Prague

December 7th, 2010 -- Orco Property Group, an Central European real estate and hospitality market execution of disposal of its three assets located in Prague. The sale of Vysocanska Gate, Jeremiasova Office Building and Orco strategy. investor, developer and asset manager in the is pleased to announce the North East Corner, the part of Bubny land are are in the line with

North East Corner is 10 000 sqm hectares owned by Orco. It was sold for a ast sqm land for a commercial development located at the edge of overall 25 a price EUR 8,1 Million to Skanska Property. Property.

"We are very happy that the transaction proves the value as well as that same vision and great expectation for the future of the says Ales Vobruba, Executive Board Member of Orco Property Group. Skanska Property shares the Bubny location, extended downtown Prague Prague",

Skanska Property also acquires Vysocany Gate, the Class A office 12 000 sqm building in Pr a value of MEUR 20. Tenants of this new office house can benefit from the highest modern office standards, including open space premises prepared for multiple layout arrangements, suspended ceilings, elevated floors, and others. The project also . features underground car park. Prague 9 at

At the end of November also Jeremiasova office building Class B+ has been sold to JAMP, s.r.o. fully leased located in Prague 5 for EUR 2,6 Million 5, 2500 sqm of

For more information visit please Ms. Petra Zdenkova, pzdenkova@orcogroup.com www.orcogroup.com pzdenkova@orcogroup.com or +420 226502256 or contact:

Orco Property Group is a leading investor, developer and asset manager in the Central European real estate and hospitality market, currently managing assets of approximately EUR 2 Group is a public company, based in Luxembourg, and listed on the NYSE Euronext, Prague, Warsaw and Budapest Stock Exchanges. Orco Property Group operates in a number of countries including, mainly, the Czech Republic, Hungary, Poland, Russia, Croatia, Germany and Slovakia. billion. Operating in Central Europe since 1991, Orco Property ice, successful

Orco Property Group is also sponsor of The Endurance Real Estate Fund, a Luxembourg (fonds commun de placement - fonds d'investissement spécialisé real estate acquisitions on office, retail and residential markets in central Europe. y Luxembourg–regulated closed spécialisé) organised as an umbrella fund with sub regulated closed–end mutual fund ) sub-funds focused on