Sotheby’s International Realty Brand Enters Berlin

Sotheby’s International Realty Affiliates LLC announced its luxury real estate services are now available in Berlin with the openingof Berlin Sotheby’s International Realty.The firm is managed by Anita Gärtner, who also operates and manages Hamburg Sotheby’s International Realty.

“Our expansion across Germany continues our commitment to providing access to the Sotheby’s International Realty network’s exclusive real estate services in key countries around the world,”said Michael R. Good, chief executive officer, Sotheby’s International Realty Affiliates LLC. “This affiliation strengthens our presence in Germany, where we already have offices in Hamburg, Frankfurt, Dusseldorf, Essen and Wiesbaden. Berlin is an exciting real estate market,and we are very pleased that our global clientele will have access to our services in this historic and beautiful city.”

Gärtner believes the Sotheby’s International Realty® brand will attract many qualified buyers in
Berlin, and has plans to further expand into additional German regions in 2011. “We have strong
partnerships and client relationships at home and abroad, a professional infrastructure and a focus
on high-level training of sales agents,” said Gärtner. “The market in the Berlin region remains
stable for high-end properties and the demand is still very high in this strong economic region of
Germany.”

The Sotheby’s International Realty network currently has more than 11,000 sales associates
located in approximately 500 offices in 42 countries and territories worldwide. Berlin Sotheby’s
International Realty listings will be marketed on the sothebysrealty.com global website. In
addition to the referral opportunities and widened exposure generated from this source, the firm’s
brokers and clients will benefit from an association with the Sotheby’s auction house and
worldwide Sotheby’s International Realty marketing programs.