Paramount Group, Inc. (NYSE:PGRE) ("Paramount" or the "Company") today announced the 2024 tax treatment of its common stock dividends as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Paramount's dividends.

Common Shares (CUSIP #69924R108)

Record Date	Payable Date	Total Dividends Per Share		Total Dividends Allocable to 2024		2024 Taxable Ordinary Dividends ⁽¹⁾		Total Capital Gain Distribution		Total Section 1250 Unrecaptured Gain		2024 Non-taxable Dividend (Return of Capital)
12/29/2023	01/12/2024	$	0.035000	$	0.035000	$	0.019610	$	0.000000	$	0.000000	$	0.015390
03/28/2024	04/15/2024		0.035000		0.035000		0.019610		0.000000		0.000000		0.015390
06/28/2024	07/15/2024		0.035000		0.035000		0.019610		0.000000		0.000000		0.015390
Totals for 2024		$	0.105000	$	0.105000	$	0.058830	$	0.000000	$	0.000000	$	0.046170

⁽¹⁾ The amounts in this column are treated as "qualified REIT dividends" for purposes of Internal Revenue Code Section 199A.

About Paramount Group, Inc.

Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

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Wilbur Paes

Chief Operating Officer,

Chief Financial Officer and Treasurer

212-237-3122

ir@pgre.com

Tom Hennessy

Vice President, Investor Relations and

Business Development

212-237-3138

ir@pgre.com

Media:

212-492-2285

pr@pgre.com

Paramount Announces Tax Treatment of 2024 Common Stock Dividends