Market Overview

Paramount Declares Regular Quarterly Dividend

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Paramount
Group, Inc.
 (NYSE:PGRE) ("Paramount") announced today that its board
of directors has declared a regular quarterly cash dividend of $0.10 per
share of common stock for the period from July 1, 2018 to September 30,
2018. The dividend will be payable on October 15, 2018 to stockholders
of record as of the close of business on September 28, 2018.

About Paramount Group, Inc.

Headquartered in New York City, Paramount 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, Washington, D.C.
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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