Parkway Reports Minimal Damage To Properties Resulting From Hurricane Harvey

HOUSTON, Aug. 30, 2017

"We are grateful and happy to report that all of our employees are safe and secure, though a few did experience flooding at their homes," stated James R. Heistand, President and Chief Executive Officer of Parkway.  "Our hearts go out to those who suffered loss as a result of this storm, and we will do everything we can to support the city of Houston as it recovers.  Under the leadership of Mike Fransen, our Senior Vice President and Managing Director, our employees performed extremely well under very difficult circumstances, and I am thankful for their dedication and support.  Our properties experienced minimal damage, and all buildings are open for our customers."

About Parkway

Parkway, Inc. is an independent, publicly traded, self-managed real estate investment trust ("REIT") that owns and operates high-quality office properties located in attractive submarkets in Houston, Texas. As of June 30, 2017, our portfolio consists of five Class A assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston.

Forward Looking Statements

Certain statements contained in this press release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements within the meaning of the federal securities laws and as such are based upon Parkway's current beliefs as to the outcome and timing of future events. There can be no assurance that actual future developments affecting Parkway will be those anticipated by Parkway. Parkway cautions investors that any forward-looking statements presented in this press release are based on management's beliefs and assumptions made by, and information currently available to, management. When used, the words "anticipate," "assume," "believe," "estimate," "expect," "forecast," "guidance," "intend," "may," "might," "plan," "potential," "should," "will," "result" or similar expressions that do not relate solely to historical matters are intended to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve risks and uncertainties (some of which are beyond Parkway's control) and are subject to change based upon various factors, including but not limited to the following risks and uncertainties: the ability of Parkway to obtain required stockholder approval required to consummate its proposed merger with an affiliate of Canada Pension Plan Investment Board (the "merger") pursuant to the merger agreement (the "merger agreement"); the satisfaction or waiver of other conditions in the merger agreement; the outcome of any legal proceedings that may be instituted against Parkway and others related to the merger agreement; the risk that the merger, or the other transactions contemplated by the merger agreement may not be completed in the time frame expected by the parties or at all; the ability of Parkway to implement its operating strategy; changes in economic cycles; and competition within the office properties real estate industry; and other risks and uncertainties detailed from time to time in Parkway's Securities and Exchange Commission ("SEC") filings.