CpiFim — Share Issue/Capital Change 2010

Apr 16, 2010

Press Release of April 16, 2010 - (8:30 CET);

Regulatory Information (*)

Orco Property Group S.A. – Shares from First Round of Capital Increases will Begin Trading on Euronext Paris on April 16, 2010

Regarding the capital increase of 6.1 million EUR with AXA Investment Managers and Neptune Invest that Orco Property Group (the "Company") announced on April 8, 2010, the Company confirms that these shares have been approved for trading on Euronext Paris as of 16 April, 2010.

This capital increase was presented to the notary in Luxembourg on April 13, 2010, was approved and the Company's Articles of Association were amended. Accordingly, as of April 13, 2010, the corporate capital of Orco Property Group is set at 49,338,850.60 EUR represented by 12,033,866 shares without nominal value.

As such, 1,090,000 new ordinary shares issued by the Company (the "New Shares") for funds managed by AXA Investment Managers and Neptune Invest will be fully fungible with the existing shares, ISIN LU0122624777 and will give the same rights (including voting rights) as the existing shares as of 13 April, 2010.

The New Shares, immediately assimilated with the existing ordinary shares, will be listed on the Euronext Paris as of April 16, 2010. The Company is applying to list the New Shares on the Prague, Warsaw, and Budapest Stock Exchanges.

Further to the second round of capital increase as announced on April 12, 2010, the Company announces that the Board of Directors has agreed to the proposal of submitting two candidates from Lansdowne Capital (affiliate of SPQR Capital) to the General Assembly of shareholders for consideration as candidates for election to the Board of Directors. The date for this submission to the General Assembly has not yet been determined.

Luxembourg, April 16, 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)

For more information, please, visit shareholder corner on www.orcogroup.com