DGAP-News: CPI PROPERTY GROUP

DGAP-News: CPI PROPERTY GROUP: Results of Mandatory Takeover Procedure Concerning Suncani Hvar Shares

DGAP-News: CPI PROPERTY GROUP / Key word(s): Miscellaneous CPI PROPERTY GROUP: Results of Mandatory Takeover Procedure Concerning Suncani Hvar Shares

09.08.2016 / 17:55 The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

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

PRESS RELEASE Luxembourg, 9 August 2016

CPI PROPERTY GROUP - Results of Mandatory Takeover Procedure Concerning Suncani Hvar Shares

Further to its press release of 20 May 2016, CPI PROPERTY GROUP (the "Company") announces the results of the mandatory takeover procedure aimed at the acquisition of all shares in Suncani Hvar.

During the mandatory buyout procedure, shareholders of Suncani Hvar tendered in aggregate 5,924,081 Suncani Hvar shares at the price of HRK 24 per share. The tendered shares include 5,880,849 Suncani Hvar shares previously held by the Restructuring and Sale Center of the Republic of Croatia, which decided to sell them on 27 July 2016. Following the acquisition of the tendered shares, completed on 8 August 2016, the Company now indirectly holds approximately 92.45% of the Suncani Hvar shares.

Subject to legal and regulatory requirements, the Company intends to proceed with the delisting of Suncani Hvar shares from the regulated market of the Zagreb Stock Exchange.

For more details about Suncani Hvar portfolio please visit www.suncanihvar.com.

For further information please contact:

Kirchhoff Consult AG Andrew Stammler Herrengraben 1 20459 Hamburg T +49 40 60 91 86 34 F +49 40 60 91 86 60 E andrew.stammler@kirchhoff.de

---------------------------------------------------------------------------

09.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

---------------------------------------------------------------------------

Language: English Company: CPI PROPERTY GROUP 40, rue de la Vallée L-2661 Luxembourg Grand Duchy of Luxembourg Phone: +352 264 767 1 Fax: +352 264 767 67 E-mail: contact@cpipg.com Internet: www.cpipg.com ISIN: LU0251710041 WKN: A0JL4D Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart End of News DGAP News Service ---------------------------------------------------------------------------

490943 09.08.2016