DGAP-News

CPI PROPERTY GROUP - TERMS AND CONDITIONS OF A BUY-BACK OFFER BY THE COMPANY - Seite 3

All Participation Forms shall be irrevocable and unconditional. The Participation Forms shall be sent to the Company by post or electronic means so that they are received by the Company at the latest by 18:00 CET on 22 February 2021, to: CPI Property Group, 40, rue de la Vallée, L-2661 Luxembourg, Grand Duchy of Luxembourg; email: [e-mail].

IV. Timing of the Offer

The timing of the Offer shall be the following:

- 16 February 2021: Opening of the Offer period.

- 22 February 2021, 18:00 CET: Closing of the Offer period.

- 23 February 2021 at the latest: Publication of the results of the Offer. If the Conditions are satisfied, standard share transfer agreements shall be sent by the Company to each Participating Shareholder.

- 25 February 2021, 12:00 (noon) CET: Share transfer agreements signed by each Participating Shareholder to be received by the Company. In case agreements are received after this deadline, the Company may, but shall not be obliged to, countersign these agreements and repurchase the CPIPG shares subject to these agreements.

- 26 February 2021: Countersigning by the Company of the share transfer agreements that were duly received from the Participating Shareholder.

- 26 February 2021 at the latest: Payment of the relevant purchase price for the shares to the Participating Shareholders by the Company.

V. Legal framework

The present Offer is made in compliance with article 430-15 of the 1915 Law.

All regulatory communications and publications in connection with this Offer (in particular under the provisions of EC Directive EC/2004/109 (as amended), also known as the "Transparency" Directive and of the "Market Abuse" Regulation EU 596/2014) shall be made by the Company.

Terms of the Offer may be adjusted to address any comments formulated by regulatory authorities or stock exchange.

Luxembourg, 15 February 2021

Yours faithfully,

The Board of Directors of the Company

Contact details:

Shareholder may direct any questions to the Company at:

David Greenbaum
Chief Financial Officer
[e-mail]