DGAP-News: CPI PROPERTY GROUP - Results of Share Buy-back Offer

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

PRESS RELEASE
Luxembourg, 26 June 2019

CPI PROPERTY GROUP - Results of Share Buy-back Offer

On 17 June 2019, CPI PROPERTY GROUP ("CPIPG" or the "Company") announced its intention to purchase up to 400,000,000 shares under CPIPG's share buy-back programme (the "Offer").

Shareholders of the Company presented a total of 362,152,327 shares at the proposed purchase price of EUR 0.30 per share, for a total of approximately EUR 108.6 million. Shareholders participating in the Offer were unrelated to the Company's primary shareholder, Radovan Vitek.

In line with the terms of the Offer, the Company anticipates the signing of share transfer agreements at the beginning of July. The Company will announce the completion of the buy-back upon the acquisition of the shares.

For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com

For further information please contact:

INVESTORS

CPI PROPERTY GROUP
David Greenbaum
Chief Financial Officer
d.greenbaum@cpipg.com

CPI PROPERTY GROUP
Joe Weaver
Director of Capital Markets
j.weaver@cpipg.com

MEDIA/PR

Kirchhoff Consult AG
Andreas Friedemann
Borselstraße 20
22765 Hamburg
T +49 40 60 91 86 50
F +49 40 60 91 86 60
E andreas.friedemann@kirchhoff.de