Notification concerning transactions by persons performing managerial
responsibilities pursuant to section 15a of the WpHG

Directors' Dealings notification transmitted by DGAP - a company of EQS Group
AG. 
The person with duty of notification is solely responsible for the content
of this announcement.
---------------------------------------------------------------------------

Details of the person subject to the disclosure requirement
Last name: Désiront
First name: Yves 
Company: ORCO Property Group S.A.

Position: Member of a managing body

Information about the transaction with duty of notification

Description of the financial instrument: ORCO Germany S.A. Shares
ISIN/WKN of the financial instrument: LU0251710041
Type of transaction: Disposal
Date: 07.01.2014
Price: 0.539
Currency: EUR
No. of items: 15000.00
Total amount traded: 8085.00
Place: Frankfurt

Information about the company with duty of publication

Issuer: ORCO Germany S.A.
40, rue de la Vallée
L-2661 Luxembourg
Großherzogtum Luxemburg
ISIN: LU0251710041
WKN: A0JL4D


End of Directors' Dealings Notification 
(c) DGAP 09.01.2014

DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

ID 18164