Paramount Increases Regular Quarterly Dividend by 10.7%

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared an increased quarterly cash dividend of $0.0775 per share of common stock, representing a 10.7% increase over last quarter’s cash dividend of $0.07 per share of common stock. The quarterly cash dividend of $0.0775 per share of common stock is for the period from January 1, 2022 to March 31, 2022 and will be payable on April 15, 2022 to stockholders of record as of the close of business on March 31, 2022.

About Paramount Group, Inc.

Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

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Contact Information:

Wilbur Paes

Chief Operating Officer,

Chief Financial Officer, and Treasurer

212-237-3122

ir@pgre.com

Paramount Media Contact:

212-492-2285

pr@pgre.com

Source: Paramount