Business Wire | Jan 18, 2022 04:15PM EST

Paramount Announces Tax Treatment of 2021 Common Stock Dividends

Jan. 18, 2022

NEW YORK--(BUSINESS WIRE)--Jan. 18, 2022--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)

Total 2021 Total Total 2021Record Payable Total Dividends Taxable Capital Section Non-taxableDate Date Dividends Allocable Ordinary Gain 1250 Dividend Per Share to Dividends Distribution Unrecaptured (Return 2021 ^(1) Gain ^(2) of Capital)

12/31/ 01/15/ $ 0.070000 $ 0.070000 $ 0.063193 $ 0.005832 $ 0.000000 $ 0.0009752020 2021

03/31/ 04/15/ 0.070000 0.070000 0.063193 0.005832 0.000000 0.0009752021 2021

06/30/ 07/15/ 0.070000 0.070000 0.063193 0.005832 0.000000 0.0009752021 2021

09/30/ 10/15/ 0.070000 0.070000 0.063193 0.005832 0.000000 0.0009752021 2021

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" 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, 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.

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CONTACT: 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