Mr. Christian Mayer reports

COLLIERS EXTENDS AND INCREASES CREDIT FACILITY TO US$1.5 BILLION

Colliers International Group Inc. has extended and increased its unsecured multicurrency revolving credit facility for a new five-year term maturing in May, 2027. The prior credit facility had a maturity of April, 2024. Borrowing capacity under the new credit facility has been increased to $1.5-billion, up from $1-billion. Financial covenants under the credit facility remain unchanged. The new credit facility is sustainability linked and includes pricing adjustments tied to the achievement of performance targets over time aligned with Colliers's Elevate the Built Environment framework. These targets include: (1) reducing greenhouse gas emissions consistent with the Science-Based Targets initiative (SBTi); (2) increasing female representation in management roles; and (3) ensuring Colliers-occupied offices obtain the Well Health-Safety certification.

The new credit facility was led by Bank of Montreal and was syndicated to 10 additional banks, including HSBC Bank, JP Morgan Chase Bank, Mizuho Bank, U.S. Bank, Toronto-Dominion Bank, Bank of America, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Wells Fargo Bank and National Bank of Canada. The credit facility ranks pari passu with Colliers's existing privately placed fixed-rate senior notes maturing in 2028 and 2031.

"The new credit facility provides us with additional capacity and greater flexibility as we continue to execute on our growth plan and will be used to fund both existing operations and strategic acquisitions globally," said Christian Mayer, chief financial officer. "We are pleased that all 11 members of our bank group have extended and increased their participation in our credit facility, signalling their support and confidence in our proven track record and prospects for the future," he concluded.

About Colliers International Group Inc.

Colliers is a leading diversified professional service and investment management company. With operations in 62 countries, Colliers's 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, Colliers's experienced leadership with significant inside ownership has delivered compound annual investment returns of 20 per cent for shareholders. With annual revenues of $4.3-billion and $57-billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of its clients, its investors and its people.