CPI PROPERTY GROUP: CPI PROPERTY GROUP raises EUR 51.5 million and issues 515 million new shares.

CPI PROPERTY GROUP (société anonyme) 40, rue de la Vallée L-2661 Luxembourg R.C.S. Luxembourg: B 102 254

Ad-Hoc Announcement PRESS RELEASE Luxembourg, 30 June 2017

CPI PROPERTY GROUP raises EUR 51.5 million and issues 515 million new shares.

CPI PROPERTY GROUP (the "Company") announces the issue of 515,000,000 new ordinary shares for a global cash contribution of EUR 51.5 million. The new shares were subscribed by the current shareholder RAVENTO S.a r.l., an entity closely associated with Mr. Radovan Vítek.

The new shares, having a par value and a subscription price of EUR 0.10 each, were issued today in a reserved capital increase under the Company's authorized share capital and fully paid by cash. The corporate share capital of the Company has thus been increased today from EUR 779,561,784.60 represented by 7,795,617,846 shares to EUR 831,061,784.60 represented by 8,310,617,846 shares.

The total number of shares comprising the share capital of the Company is 8,310,617,846 as of 30 June 2017.

For further information please contact:

Kirchhoff Consult AG Andrew Stammler Borselstraße 20 22765 Hamburg T +49 40 60 91 86 34 F +49 40 60 91 86 60 E andrew.stammler@kirchhoff.de