Newmark Launches Paris Office, Bolstering Global Expansion with Key Talent Additions

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and multifamily and entrances into new sectors throughout 2023. Additionally, with the recent hires of Matthew Featherstone and Jonathan Firestone to lead Debt and Structured Finance in the UK and US, respectively, Newmark continues to prioritize its unification strategy to build a comprehensive platform of owner/occupier services globally.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2023, Newmark generated revenues of approximately $2.5 billion. Newmark's company-owned offices, together with its business partners, operated from approximately 170 offices with 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

i Newmark generated faster revenue growth than any of its publicly traded competitors from 2011 to 2022, the last fiscal year for which data is available for the entire group. Newmark's 2011 revenues are based on unaudited full year 2011 revenues for Newmark & Company Real Estate, Inc., ("Newmark & Co.") while 2012 is based on the Real Estate Services segment of the Company's former parent, BGC Partners, Inc. ("BGC"), which acquired Newmark & Co. in 2011, IPOed the Company in 2017, and spun Newmark off in 2018. The peers included in the 2011-2022 average are US tickers CBRE, CIGI, JLL, MMI, and WD, and UK ticker symbol SVS (in GBP). These companies generated total revenue CAGRs of between 7% and 21% from 2011 through 2022, or a simple average of 15%. Only some of these peers reported fee revenues during this timeframe. In addition, US ticker CWK did not report revenues for periods before 2015 and is therefore excluded. For some years, the impact of FASB topic ASC 606 increased GAAP revenues for Newmark and certain peers.

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