Orco Property Group : Orco Property Group : sells own shares and stake in Office Sub-fund of Endurance Real Estate Fund. New

  Orco Property Group : Orco Property Group : sells own shares and stake in
Office Sub-fund of Endurance Real Estate Fund. New Notes payment to take place
                              end of the month.

                                                                 Press Release

Paris, 8 February 2012
                                                                                               

                             Orco Property Group
 sells own shares and stake in Office Sub-fund of Endurance Real Estate Fund.
              New Notes payment to take place end of the month.

Orco Property Group ("OPG") announces that it has sold its units in the Office
Sub-fund of  the Endurance  Real Estate  Fund to  J&T Banka  a.s. effective  4 
February 2013 for a total  sale price of EUR  8.7 million. The Endurance  Real 
Estate Fund is a privately held  closed end property fund (a Luxembourg  fonds 
commun de placement  - fonds d'investissement  spécialisé), composed of  three 
sub-funds,  managed  by  the  Endurance  Real  Estate  Management  Company,  a 
subsidiary of OPG. OPG continues  to hold units in  the other two sub-funds  - 
the Residential and Office II Sub-funds. 

In addition, from 1 January 2013 through 8 February 2013, OPG sold 837,374  of 
its shares held in treasury at an average price of EUR 2.69 per share.

OPG confirms  the  upcoming cash  interest  payment  on the  New  Notes  (ISIN 
XS0820547724) scheduled for  28 February 2013.  In addition, OPG  will make  a 
mandatory prepayment  ('cash  sweep') on  the  New Notes  of  25% of  the  net 
proceeds from  the sale  of  the Sky  Office building  in  the amount  of  EUR 
420,000.

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

OPG: sells own shares and stake in Office Sub-Fund

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Source: Orco Property Group via Thomson Reuters ONE
HUG#1676828