<SEC-DOCUMENT>0001564590-20-024266.txt : 20200511
<SEC-HEADER>0001564590-20-024266.hdr.sgml : 20200511
<ACCEPTANCE-DATETIME>20200511163411
ACCESSION NUMBER:		0001564590-20-024266
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200511
DATE AS OF CHANGE:		20200511
EFFECTIVENESS DATE:		20200511

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Paramount Group, Inc.
		CENTRAL INDEX KEY:			0001605607
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				320439307
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36746
		FILM NUMBER:		20865386

	BUSINESS ADDRESS:	
		STREET 1:		1633 BROADWAY, SUITE 1801
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-237-3100

	MAIL ADDRESS:	
		STREET 1:		1633 BROADWAY, SUITE 1801
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>pgre-defa14a_20200509.htm
<DESCRIPTION>DEFA14A
<TEXT>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:1pt;">&nbsp;</p>
<p style="border-top:Solid 0.75pt #000000;padding-top:0pt;text-align:center;margin-bottom:0pt;margin-top:1pt;line-height:1pt;text-indent:0%;font-size:4pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="Mypage"></a>&#160;</p>
<p style="text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-bottom:0pt;margin-top:1pt;line-height:1pt;text-indent:0%;font-size:4pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:4pt;text-indent:0%;font-weight:bold;font-size:18pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">UNITED STATES</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:4pt;text-indent:0%;font-weight:bold;font-size:18pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SECURITIES AND EXCHANGE COMMISSION </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Washington, D.C. 20549 </p>
<p style="margin-top:4pt;text-align:center;border-bottom:Solid 1pt;padding-bottom:1pt;margin-bottom:0pt;line-height:4pt;margin-left:34.82%;margin-right:34.72%;text-indent:0%;font-size:6pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:4pt;text-indent:0%;font-weight:bold;font-size:18pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SCHEDULE 14A </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:4pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Proxy Statement Pursuant to Section&#160;14(a) of the Securities Exchange Act of 1934 </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Amendment No.&#160;&#160;&#160;&#160; ) </p>
<p style="margin-top:4pt;text-align:center;border-bottom:Solid 1pt;padding-bottom:1pt;margin-bottom:0pt;line-height:4pt;margin-left:34.82%;margin-right:34.72%;text-indent:0%;font-size:6pt;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Filed by the Registrant&#160;&#160; <font style="font-family:Segoe UI Symbol;">&#9746;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Filed by a party other than the Registrant&#160;&#160; <font style="font-family:Segoe UI Symbol;">&#9744;</font> </p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Check the appropriate box: </p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:2pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Segoe UI Symbol;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#9744;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Preliminary Proxy Statement</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Segoe UI Symbol;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#9744;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Segoe UI Symbol;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#9744;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Definitive Proxy Statement</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Segoe UI Symbol;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#9746;</p></td>
<td valign="bottom" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Definitive Additional Materials</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Segoe UI Symbol;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#9744;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Soliciting Material Pursuant to Section&#160;240.14a-12</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:8pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:20pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PARAMOUNT GROUP, INC. </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Name of Registrant as Specified In Its Charter) </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Name of Person(s) Filing Proxy Statement, if other than the Registrant) </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Payment of Filing Fee (Check the appropriate box): </p>
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<td style="width:94.01%;"></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Segoe UI Symbol;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#9746;</p></td>
<td colspan="2" valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">No fee required.</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Segoe UI Symbol;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#9744;</p></td>
<td colspan="2" valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</p></td>
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<p style="margin-bottom:0pt;line-height:2pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1)</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Title of each class of securities to which transaction applies:</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160;&#160;</p>
<p style="margin-top:0pt;text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-bottom:0pt;line-height:1pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<td valign="bottom"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="margin-bottom:0pt;line-height:2pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2)</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Aggregate number of securities to which transaction applies:</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160;&#160;</p>
<p style="margin-top:0pt;text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-bottom:0pt;line-height:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;line-height:2pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(3)</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160;&#160;</p>
<p style="margin-top:0pt;text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-bottom:0pt;line-height:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
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<td valign="bottom"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="margin-bottom:0pt;line-height:2pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(4)</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Proposed maximum aggregate value of transaction:</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160;&#160;</p>
<p style="margin-top:0pt;text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-bottom:0pt;line-height:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<td valign="bottom"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="margin-bottom:0pt;line-height:2pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(5)</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total fee paid:</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160;&#160;</p>
<p style="margin-top:0pt;text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-bottom:0pt;line-height:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Segoe UI Symbol;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#9744;</p></td>
<td colspan="2" valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Fee paid previously with preliminary materials.</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Segoe UI Symbol;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#9744;</p></td>
<td colspan="2" valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</p></td>
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<td valign="bottom"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="margin-bottom:0pt;line-height:2pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1)</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Amount Previously Paid:</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160;&#160;</p>
<p style="margin-top:0pt;text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-bottom:0pt;line-height:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
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<td valign="bottom"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="margin-bottom:0pt;line-height:2pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2)</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Form, Schedule or Registration Statement No.:</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160;&#160;</p>
<p style="margin-top:0pt;text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-bottom:0pt;line-height:1pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(3)</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Filing Party:</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;</p>
<p style="margin-top:0pt;text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-bottom:0pt;line-height:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(4)</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date Filed:</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160;&#160;</p>
<p style="margin-top:0pt;text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-bottom:0pt;line-height:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:3pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:4pt;">&nbsp;</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;"><br /></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">Additional Information Regarding the Annual Meeting of Stockholders to be Held on May 19, 2020</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On May 11, 2020, Paramount Group, Inc. (the &#8220;Company&#8221;) issued a press release related to the change in time and location of the Company&#8217;s Annual Meeting of Stockholders (the &#8220;Annual Meeting&#8221;). As described in the press release, the Annual Meeting will now be held on Tuesday, May 19, 2020 at 9:00 a.m. (Eastern Time) in a virtual meeting format only. </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following press release and Notice of Change of Time and Location supplements the 2020 Notice of Annual Meeting included with the Company&#8217;s proxy statement (the &#8220;Proxy Statement&#8221;) filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on April 7, 2020. These supplemental proxy materials are being filed with the SEC and made available to the stockholders on or about May 9, 2020.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Except as specifically stated in this supplement, the information set forth in the Proxy Statement remains unchanged.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">This additional information should be read in conjunction with the Proxy Statement.</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="guvffkol5fpd000001.jpg" title="" alt="" style="width:203px;height:38px;"></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">PARAMOUNT TO HOLD VIRTUAL ANNUAL</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">MEETING OF STOCKHOLDERS </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">NEW YORK &#8211; May 11, 2020 &#8211; <font style="font-weight:normal;">Paramount Group, Inc. (NYSE: PGRE) (&#8220;Paramount&#8221; or the &#8220;Company&#8221;) announced today that due to the ongoing public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of its stockholders, the Annual Meeting of Stockholders to be held on Tuesday, May 19, 2020 (the &#8220;Annual Meeting&#8221;), will be held at 9:00 a.m. (Eastern Time) in a virtual meeting format only. Stockholders will not be able to attend the Annual Meeting in person.</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As described in the previously distributed Proxy Statement and notice, stockholders are entitled to participate in the Annual Meeting if they were a stockholder of the Company as of the close of business on March 23, 2020, the record date, or hold a legal proxy for the meeting provided by its bank, broker or nominee.&nbsp;&nbsp;Stockholders who wish to attend the Annual Meeting should log in no later than 15 minutes prior to the scheduled start of 9:00 a.m. (Eastern Time) on Tuesday, May 19, 2020 at <font style="text-decoration:underline;">www.virtualshareholdermeeting.com/PGRE2020</font> to register. Stockholders may also access the meeting website through our own website at <font style="text-decoration:underline;">www.paramount-group.com</font>. Stockholders must enter the 16-digit control number found on their proxy card, voting instruction form or notice previously received. Stockholders may vote during the Annual Meeting by following the instructions available on the meeting website during the meeting.&nbsp;&nbsp;Whether or not stockholders plan to attend the Annual Meeting, we urge stockholders to vote and submit their proxy in advance of the Annual Meeting by one of the methods described in the Proxy Statement and notice for the Annual Meeting. The proxy card included with the proxy materials previously distributed will not be updated to reflect the change in time or location and may continue to be used to vote Paramount shares in connection with the Annual Meeting.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">About Paramount Group, Inc.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Headquartered in New York City, Paramount 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.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">Contact Information:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Wilbur Paes</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Executive Vice President, Chief Financial Officer</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">212-237-3122</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ir@paramount-group.com</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Robert Simone</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Director, Business Development &amp; Investor Relations</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">212-237-3138</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">ir@paramount-group.com</font></p></td>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">Media:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">212-492-2285</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">pr@paramount-group.com</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:7.57%;text-indent:0%;font-weight:bold;font-family:Times New Roman;letter-spacing:-0.05pt;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a><font style="font-weight:bold;font-family:Times New Roman;letter-spacing:-0.05pt;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">Paramount</font><font style="letter-spacing:-0.1pt;"> </font><font style="font-weight:bold;font-family:Times New Roman;letter-spacing:-0.05pt;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">Group,</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.1pt;">Inc.</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:7.57%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1633<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">Broadway,</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.1pt;">Suite</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.1pt;">1801</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:7.57%;text-indent:0%;font-family:Times New Roman;letter-spacing:-0.05pt;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">New<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.1pt;">York,</font><font style="letter-spacing:0.2pt;"> </font>NY<font style="letter-spacing:-0.2pt;"> </font>10019</p>
<p style="text-align:center;margin-bottom:0pt;line-height:10pt;margin-top:0pt;margin-left:7.51%;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0.96%;text-indent:0%;font-weight:bold;font-family:Times New Roman;letter-spacing:-0.1pt;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">ADDITIONAL<font style="letter-spacing:0.1pt;"> </font>INFORMATION<font style="letter-spacing:0.05pt;"> </font>REGARDING<font style="letter-spacing:-0.05pt;"> </font>THE<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.15pt;">ANNUAL</font><font style="letter-spacing:0.1pt;"> </font>MEETING<font style="letter-spacing:-0.05pt;"> </font>OF<font style="letter-spacing:0.2pt;"> </font>STOCKHOLDERS<font style="letter-spacing:-0.2pt;"> </font>TO<font style="letter-spacing:-0.05pt;"> </font>BE<font style="letter-spacing:3.15pt;"> </font>HELD<font style="letter-spacing:-0.2pt;"> </font>ON<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">MAY</font><font style="letter-spacing:-0.15pt;"> </font>19,<font style="letter-spacing:0.2pt;"> </font>2020</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0.39%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The<font style="letter-spacing:-0.05pt;"> following</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">Notice</font><font style="letter-spacing:-0.05pt;"> </font>of<font style="letter-spacing:-0.1pt;"> Change</font><font style="letter-spacing:0.2pt;"> </font>of<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">Time </font><font style="letter-spacing:-0.1pt;">and </font><font style="letter-spacing:-0.05pt;">Location</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.1pt;">relates</font><font style="letter-spacing:0.05pt;"> </font>to<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.1pt;">the</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">proxy</font><font style="letter-spacing:-0.1pt;"> statement</font><font style="letter-spacing:-0.05pt;"> (the &#8220;Proxy</font><font style="letter-spacing:-0.1pt;"> Statement&#8221;) </font>of<font style="letter-spacing:4.15pt;"> </font><font style="letter-spacing:-0.05pt;">Paramount</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">Group,</font> <font style="letter-spacing:-0.05pt;">Inc.</font> <font style="letter-spacing:-0.05pt;">(the &#8220;Company&#8221;),</font> <font style="letter-spacing:-0.1pt;">dated</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.1pt;">April</font><font style="letter-spacing:-0.05pt;"> </font><font style="letter-spacing:-0.15pt;">7,</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.1pt;">2020,</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.1pt;">furnished</font><font style="letter-spacing:-0.15pt;"> </font>to<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">stockholders</font><font style="letter-spacing:-0.2pt;"> </font>of<font style="letter-spacing:-0.1pt;"> the</font><font style="letter-spacing:-0.05pt;"> Company</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.1pt;">in</font><font style="letter-spacing:2.75pt;"> </font><font style="letter-spacing:-0.05pt;">connection</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.1pt;">with </font>the<font style="letter-spacing:-0.05pt;"> </font><font style="letter-spacing:-0.1pt;">solicitation </font>of<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">proxies</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.15pt;">by</font><font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.05pt;"> Board</font><font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Directors</font><font style="letter-spacing:-0.2pt;"> </font>of<font style="letter-spacing:-0.1pt;"> the</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.1pt;">Company</font><font style="letter-spacing:0.3pt;"> </font>for<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">use </font><font style="letter-spacing:-0.1pt;">at</font><font style="letter-spacing:-0.05pt;"> </font><font style="letter-spacing:-0.1pt;">the</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.1pt;">2020</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">Annual</font><font style="letter-spacing:4.75pt;"> </font><font style="letter-spacing:-0.05pt;">Meeting</font><font style="letter-spacing:-0.15pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Stockholders</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">(the &#8220;Annual </font><font style="letter-spacing:-0.1pt;">Meeting&#8221;) </font>to<font style="letter-spacing:-0.15pt;"> </font>be<font style="letter-spacing:-0.05pt;"> held</font><font style="letter-spacing:-0.35pt;"> </font>on<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">Tuesday,</font> <font style="letter-spacing:-0.1pt;">May</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.1pt;">19,</font> <font style="letter-spacing:-0.05pt;">2020.</font> <font style="letter-spacing:-0.05pt;">This</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.1pt;">Supplement</font><font style="letter-spacing:-0.05pt;"> </font>is<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">being</font><font style="letter-spacing:3.75pt;"> </font><font style="letter-spacing:-0.05pt;">filed</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">with</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.1pt;">the</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.1pt;">Securities</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.1pt;">and </font><font style="letter-spacing:-0.05pt;">Exchange Commission</font><font style="letter-spacing:-0.1pt;"> </font>and<font style="letter-spacing:-0.15pt;"> </font>is<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">being</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">made available </font><font style="letter-spacing:-0.1pt;">to</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">stockholders</font><font style="letter-spacing:0.05pt;"> </font>on<font style="letter-spacing:-0.15pt;"> </font>or<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">about</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.1pt;">May&#160;</font><font style="letter-spacing:-0.15pt;">9,&#160;</font>2020.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">THE<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">NOTICE</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.1pt;">SHOULD</font><font style="letter-spacing:-0.2pt;"> </font>BE<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.15pt;">READ</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">IN</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.1pt;">CONJUNCTION</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.1pt;">WITH</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.1pt;">THE</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.1pt;">PROXY</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.1pt;">STATEMENT.</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:2.73%;text-indent:0%;font-weight:bold;font-family:Times New Roman;letter-spacing:-0.05pt;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">NOTICE<font style="letter-spacing:-0.1pt;"> </font>OF <font style="letter-spacing:-0.1pt;">CHANGE</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.1pt;">OF</font><font style="letter-spacing:0.05pt;"> </font>TIME<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.1pt;">AND</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">LOCATION</font><font style="letter-spacing:-0.45pt;"> </font>OF <font style="letter-spacing:-0.1pt;">ANNUAL MEETING</font> OF <font style="letter-spacing:-0.1pt;">STOCKHOLDERS</font><font style="letter-spacing:3.25pt;"> </font>TO BE<font style="letter-spacing:-0.15pt;"> </font>HELD<font style="letter-spacing:-0.45pt;"> </font>ON<font style="letter-spacing:-0.2pt;"> </font>MAY<font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.1pt;">19,</font> 2020</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0.39%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOTICE IS HEREBY GIVEN that the time and location of the 2020 Annual Meeting of Stockholders of Paramount Group, Inc. (the &#8220;Company&#8221;) has been changed. As previously announced, the Annual Meeting will be held on Tuesday, May 19, 2020.&nbsp;&nbsp;However, the Annual Meeting will now begin at 9:00 a.m. Eastern Time.&nbsp;&nbsp;In addition, the Annual Meeting will be held in a virtual meeting format only. Stockholders will not be able to attend the Annual Meeting physically but will be able to vote and submit questions online at the meeting. If you have already authorized a proxy to vote your shares, you do not need to vote at the meeting and no additional action is required.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0.39%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As described in the proxy materials for the Annual Meeting previously distributed, you are entitled to participate in the Annual Meeting if you were a stockholder of record as of the close of business on March 23, 2020, the record date, or hold a legal proxy for the Annual Meeting provided by your bank, broker, or nominee. The Annual Meeting will be available at <font style="text-decoration:underline;color:#0462C1;">www.virtualshareholdermeeting.com/PGRE2020 </font><font style="color:#000000;">(the &#8220;Annual Meeting Website&#8221;) and you must enter the 16-digit control number found on your proxy card, voting instruction form or notice you previously received.&nbsp;&nbsp;You may also access the virtual Annual Meeting by visiting our website at </font><font style="text-decoration:underline;color:#0462C1;">http://www.paramount-group.com</font><font style="color:#000000;">. If you encounter any difficulties accessing the virtual Annual Meeting during the check-in or meeting time, please call the technical support number that will be posted on the Annual Meeting Website or our website listed above. Check-in for the Annual Meeting will begin prior to the start of the meeting, and technical support will be available during this time.</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0.39%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">You may vote during the Annual Meeting by following the instructions available on the Annual Meeting Website during the meeting.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0.39%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Whether or not you plan to attend the Annual Meeting, we urge you to submit your proxy and voting instructions in advance of the meeting by one of the methods described in the proxy materials for the Annual Meeting. The proxy card included with the proxy materials previously distributed will not be updated to reflect the change in time and location and may continue to be used to vote your shares in connection with the Annual Meeting.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0.39%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">You will have the opportunity to submit questions during the virtual meeting using the directions on the meeting website that day. The Notice of Annual Meeting, proxy statement, Annual Report to Stockholders and Annual</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0.39%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Report on Form 10-K for the year ended December 31, 2019, are available at <font style="font-style:italic;">www.proxyvote.com.</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0.39%;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></body>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
