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CpiFim Report Publication Announcement 2012

May 24, 2012

2269_iss_2012-05-24_e74544e6-ab4c-4ac9-b7a6-999fbad68f67.pdf

Report Publication Announcement

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Press Release

24 May 2012

Orco Property Group – Q1 2012 financial information and audited 2011 reports

First Quarter financial highlights

Quarter on quarter revenues stable at 33 Million
Q1 operating result at EUR 7 Million
Q1 net profit at EUR 3 Million vs. a net loss of 4 Million
Expected full year revenues between EUR 160 and 180 Million
Post bonds' restructuring NAV estimated at EUR 5.8 per share and LTV at 56%

You will find the complete document on our website on www.orcogroup.com