Mr. Christian Mayer reports

COLLIERS ANNOUNCES ENTRY INTO AUTOMATIC SHARE PURCHASE PLAN

Colliers International Group Inc. has established an automatic share purchase plan (ASPP) in connection with its previously announced normal course issuer bid (NCIB) applicable to its outstanding subordinate voting shares. The ASPP is intended to allow for the purchase of subordinate voting shares under the NCIB at times when Colliers would ordinarily not be permitted to purchase its securities due to regulatory restrictions and customary self-imposed blackout periods.

Pursuant to the ASPP, purchases will be made by Colliers's designated broker based on pre-established purchasing parameters, without further instructions by Colliers, in compliance with the rules of the Toronto Stock Exchange, applicable securities laws and the terms of the ASPP. The ASPP has been precleared by the TSX and will be implemented beginning on Oct. 3, 2022, and, if not terminated sooner based on the terms of the ASPP, will terminate on Oct. 28, 2022.

The NCIB commenced on July 20, 2022, and will end not later than July 19, 2023. All purchases made under the ASPP will be included in computing the number of subordinate voting shares purchased under the NCIB.

About Colliers International Group Inc.

Colliers is a leading diversified professional services and investment management company. With operations in 63 countries, its 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 $4.5-billion and $81-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.

We seek Safe Harbor.