Mr. Jay Hennick reports

COLLIERS INTERNATIONAL GROUP INC. COMPLETES US$300 MILLION BOUGHT DEAL PUBLIC OFFERING OF EQUITY

Colliers International Group Inc. has closed its previously announced bought deal public offering of 2,479,500 subordinate voting shares, at a price of $121 (U.S.) per subordinate voting share for gross proceeds of $300-million (U.S.) with a syndicate of underwriters led by BMO Capital Markets and J.P. Morgan as joint bookrunners, and including Mizuho, National Bank Financial, RBC Capital Markets, Scotiabank, Merrill Lynch, BTIG LLC, CIBC Capital Markets, Goldman Sachs, Raymond James, TD Securities, Wells Fargo and Stifel Nicolaus. Colliers has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering to cover overallotments, if any.

The net proceeds of the offering will be used to repay balances outstanding on the company's credit facility and are intended to create additional capacity to finance potential future acquisition opportunities and growth initiatives, and for general corporate purposes.

About Colliers International Group Inc.

Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, its 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 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 $4.3-billion and $98-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.