DGAP-News

Interim report as of 30 September 2014 - CPI PROPERTY GROUP continues to implement its financing and investment strategy by entering new business and further capital increase

DGAP-News: CPI PROPERTY GROUP / Key word(s): 9-month figures
Interim report as of 30 September 2014 - CPI PROPERTY GROUP continues
to implement its financing and investment strategy by entering new
business and further capital increase

27.11.2014 / 20:05

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Interim report as of 30 September 2014 - CPI PROPERTY GROUP continues to
implement its financing and investment strategy by entering new business
and further capital increase

Corporate highlights

Capital increases

- On 22 September 2014 the Board of Directors of CPI PROPERTY GROUP
("hereinafter as the "Company" and together with its subsidiaries as
the "Group") resolved to implement a reserved capital increase and
raise up to EUR 31 million pursuant to the authorization granted to it
by its shareholders during the extraordinary General Meeting of 28
August 2014. The Board of Directors agreed to issue 65,957,446 new
ordinary shares having a par value of EUR 0.10 each, at a subscription
price of EUR 0.47 per new share, for a global cash contribution of EUR
31 million to ORCO PROPERTY GROUP ("OPG"). The new ordinary shares were
issued on 25 September 2014. The corporate share capital of the Company
has increased from EUR 292 million represented by 2,920,823,904 shares
to EUR 299 million represented by 2,986,781,350 shares. The total
number of shares comprising the share capital as well as the total
number of voting rights attached thereto is 2,986,781,350 as of 30
September 2014.

Changes in the Board of Directors and management

- In July 2014, the Board of Directors decided to implement further
changes in the management structure of the Group, notably integrating
top managers of Czech Property Investments, a.s. ("CPI") and the
Company into one management team, with the effective date as of 1
August 2014. Mr. Martin Němeček remains in the position of CEO. Mr.
TomáÅ  Salajka previously Deputy CEO became Director of Asset
Management and Sales. Mr. Zdeněk Havelka has been appointed Deputy CEO.

- In November 2014 the Company and Mr. Yves Désiront announced that they
mutually agreed to terminate their collaboration. Mr. Désiront's
position of CFO was terminated with immediate effect. The role of the
CFO was taken over by Mr. Pavel Mechura.

Extraordinary General Meeting of 28 August 2014

- The Extraordinary General Meeting of 28 August 2014 (the "Meeting")
resolved to change the name of the Company from GSG GROUP to CPI