X0306 4 2020-11-17 0 0001605607 Paramount Group, Inc. PGRE 0001623531 Armbrust Thomas C/O PARAMOUNT GROUP, INC. 1633 BROADWAY, SUITE 1801 NEW YORK NY 10019 1 0 0 0 Common Stock 2020-11-17 4 P 0 5000 9.43 A 187265 D Purchase of common stock was effected pursuant to a 10(b)5-1 trading plan adopted after 4:30 p.m. ET on November 16, 2020. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.42 to $9.435 per share, inclusive. The reporting person undertakes to provide to Paramount Group, Inc., any security holder of Paramount Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (2). /s/ Gage Johnson as attorney-in-fact for Thomas Armbrust 2020-11-18