Mr. Christian Mayer reports

COLLIERS COMPLETES ACQUISITION OF PANGEA

Colliers International Group Inc. has completed its previously announced acquisition of a controlling interest in Pangea Property Partners, a leading capital market adviser in Sweden and Norway. Pangea becomes Colliers's new company-owned operation in Norway and will merge with Colliers's existing company-owned operations in Sweden. This transaction firmly positions Colliers as the dominant player in the Nordic region, building on the company's top-tier operations in Denmark and Finland.

About Colliers International Group Inc.

Colliers is a leading diversified professional services and investment management company. With operations in 63 countries, the company's 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, the company's experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20 per cent for shareholders. With annual revenues of $4.6-billion and $92-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.