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Paramount Announces Tax Treatment of 2021 Common Stock Dividends

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2021 tax treatment of its common stock dividends as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Paramount’s dividends.

Common Shares (CUSIP #69924R108)

Record
Date

Payable
Date

Total
Dividends
Per Share

Total
Dividends
Allocable to
2021

2021 Taxable
Ordinary
Dividends (1)

Total Capital
Gain
Distribution

Total Section
1250
Unrecaptured
Gain (2)

2021 Non-taxable
Dividend (Return
of Capital)

12/31/2020

01/15/2021

$

0.070000

$

0.070000

$

0.063193

$

0.005832

$

0.000000

$

0.000975

03/31/2021

04/15/2021

0.070000

0.070000

0.063193

0.005832

0.000000

0.000975

06/30/2021

07/15/2021

0.070000

0.070000

0.063193

0.005832

0.000000

0.000975

09/30/2021

10/15/2021

0.070000

0.070000

0.063193

0.005832

0.000000

0.000975

Totals for 2021

$

0.280000

$

0.280000

$

0.252772

$

0.023328

$

0.000000

$

0.003900

(1) The amounts in this column are treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A.

(2) These amounts are a subset of, and included in, the Total Capital Gain Distribution amount.

The regular quarterly cash dividend of $0.07 per share of common stock, which was declared on December 15, 2021 and paid on January 14, 2022 to the shareholders of record as of December 31, 2021, is allocable to 2022 for federal income tax purposes.

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.

Contacts:

Wilbur Paes
Chief Operating Officer, Chief Financial Officer and Treasurer
212-237-3122
ir@pgre.com

Sumit Sharma
Vice President, Business Development and Investor Relations
212-237-3138
ir@pgre.com

Media:
212-492-2285
pr@pgre.com

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