Business Wire | Jan 20, 2021 04:15PM EST

Paramount Announces Tax Treatment of 2020 Common Stock Dividends

Jan. 20, 2021

NEW YORK--(BUSINESS WIRE)--Jan. 20, 2021--Paramount Group, Inc. (NYSE: PGRE) ("Paramount" or the "Company") today announced the 2020 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)

Total 2020 Total 2020Record Payable Total Dividends Taxable Total Section 1250 Non-taxableDate Date Dividends Allocable Ordinary Capital Gain Unrecaptured Dividend Per Share to 2020 Dividends Distribution Gain ^(2) (Return of ^(1) Capital)

12/31/ 01/15/ $ 0.100000 $ 0.100000 $ 0.052405 $ 0.047507 $ 0.016826 $ 0.000088 2019 2020

03/31/ 04/15/ 0.100000 0.100000 0.052405 0.047507 0.016826 0.000088 2020 2020

06/30/ 07/15/ 0.100000 0.100000 0.052405 0.047507 0.016826 0.000088 2020 2020

09/30/ 10/15/ 0.100000 0.100000 0.052405 0.047507 0.016826 0.000088 2020 2020

Totals for 2020 $ 0.400000 $ 0.400000 $ 0.209620 $ 0.190028 $ 0.067304 $ 0.000352



^(1) The amounts in this column are treated as "qualified REIT dividends" forpurposes of Internal Revenue Code Section 199A. ^(2) These amounts are a subset of, and included in, the Total Capital GainDistribution amount.



The regular quarterly cash dividend of $0.07 per share of common stock, which was declared on December 15, 2020 and paid on January 15, 2021 to the shareholders of record as of December 31, 2020, is allocable to 2021 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.

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CONTACT: Wilbur Paes Executive Vice President, Chief Financial Officer 212-237-3122 ir@paramount-group.com Robert Simone Director, Business Development & Investor Relations 212-237-3138 ir@paramount-group.com Media: 212-492-2285 pr@paramount-group.com