Mr. John Friedrichsen reports

COLLIERS INTERNATIONAL GROUP INC. ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted a notice filed by Colliers International Group Inc. of its intention to make a normal course issuer bid (the NCIB) with respect to its outstanding subordinate voting shares.

The notice provides that Colliers may, during the 12-month period commencing July 18, 2018, and ending no later than July 17, 2019, purchase through the facilities of the TSX, alternative Canadian trading systems or the Nasdaq Stock Market, up to 2.8 million subordinate voting shares in total, being approximately 10 per cent of the public float as of July 3, 2018, of such class of shares. Purchases of subordinate voting shares through Nasdaq will be made in the normal course and will not, during the 12-month period ending July 17, 2019, exceed, in the aggregate, 5 per cent of the outstanding subordinate voting shares as at the commencement of the NCIB. The price, which Colliers will pay for any such shares, will be the market price at the time of acquisition. During the period of this NCIB, Colliers may make purchases under the NCIB by means of open market transactions or otherwise as permitted by the TSX and/or Nasdaq. The actual number of subordinate voting shares, which may be purchased pursuant to the NCIB, and the timing of any such purchases, will be determined by senior management of Colliers. The average daily trading volume on the TSX from Jan. 1, 2018, to June 30, 2018, was 59,488 subordinate voting shares. Daily purchases under the NCIB will be limited to 14,872 subordinate voting shares, other than block purchases. All shares purchased by Colliers under the NCIB will be cancelled.

As of July 3, 2018, there were 37,869,092 subordinate voting shares and 1,325,694 multiple voting shares of Colliers outstanding.

Colliers may purchase its subordinate voting shares, from time to time, if it believes that the market price of its subordinate voting shares is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of Colliers.

Colliers's previous NCIB authorized the purchase of up to 2.7 million subordinate voting shares and expires on July 17, 2018. As of the date hereof, Colliers has not purchased any of its subordinate voting shares under this NCIB.

About Colliers International Group Inc.

Colliers International Group is a top tier global real estate services and investment management company operating in 69 countries with a work force of more than 12,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3-billion ($2.7-billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20-billion of assets under management from the world's most respected institutional real estate investors.

We seek Safe Harbor.