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 - Seite 2

PROPERTY GROUP. The Meeting also resolved to approve the terms and
conditions of the buy-back programme of the Company, enabling the
redemption of Company's own shares. As such, the Board of Directors of
the Company is authorised to repurchase, in one or several steps, a
maximum number of 750,000,000 Company shares from the existing and/or
future shareholders of the Company, for a purchase price comprised in
the range between one eurocent (EUR 0.01-) and five euro (EUR 5.-), for
a period of five (5) years from 28 August 2014. The Meeting further
resolved to modify, renew and replace the existing authorised share
capital of the Company and to set it to an amount of EUR 400,000,000
for a period of five (5) years from the date of the Meeting and also
approved the report of the Board of Directors relating to the
possibility of the Board of Directors to cancel or limit any
preferential subscription rights of the shareholders upon the increases
of capital in the framework of the authorised share capital. Following
the capital increase of 25 September 2014, the authorized share capital
available to the Board of Directors is EUR 393,404,255.40 as of the
date of this report.

Investments and portfolio news

The Group continued to use proceeds raised from the capital increases in
the investment and financing of new projects in the Group's current
activities as well as in expansion into new businesses.

Entering new agriculture business

- On 2 October 2014 the Company entered into agreements concerning the
acquisition of 100% shares of Spojené farmy ("SF") for a contribution
of EUR 43.5 million from a larger group of private individuals. The
transaction was completed on 1 November 2014, after the approval by the
anti-monopoly authority. SF is one of the largest owners of farmland
and producer of high-quality organic food in the Czech Republic which
operates almost 20,000 hectares of land. It produces high-quality
organic beef, chicken and lamb with various certifications (kosher,
halal and bio) and supplies international retail chains, restaurants,
hotels and independent retailers in EU as well as in the Middle East.
The expansion into agricultural business is an important move for the
Group, as farmland is seen as one of the safest investments in real
estate and with a high potential for growth in value, in particular in
the Czech Republic. Additional investments in the expansion of SF are