CB RICHARD ELLIS GROUP, INC. ANNOUNCES CARBON NEUTRAL GOAL.

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CB Richard Ellis Group, Inc. Announces Carbon Neutral Goal and Plans for Assisting Clients with 1.7 Billion Sq. Ft. of Properties Worldwide on Carbon Reduction Programs

Natural Resources Defense Council Works with CB Richard Ellis on Energy Efficiency U.S. Green Building Council Hails Company's Environmental Initiatives

LOS ANGELES--(BUSINESS WIRE)--May 31, 2007--CB Richard Ellis Group, Inc., the world's largest commercial real estate services company (based on 2006 revenues), today announced a goal to become carbon neutral by 2010 and a plan to assist clients with energy efficiency programs at the 1.7 billion square feet of building space that CB Richard Ellis manages around the world. This represents the first time a major commercial real estate services firm has announced plans to go carbon-neutral.

CB Richard Ellis also said that it is working closely with the Natural Resources Defense Council to introduce new energy saving measures at client-owned and -occupied properties. Working with both owners and tenants, CB Richard Ellis expects to engage its clients in discussions about environmental issues with a goal of implementing energy saving technology and practices at the vast majority of its clients' properties and corporate facilities.

The Company said the initiative is a response to the growing demand for green facilities from both clients and employees. "Our decision is driven by our desire to do the right thing, but is also a direct result of a rapidly evolving marketplace. A large number of our clients -- both property owners and occupiers -- are already actively working to reduce energy costs and create greener space," said Brett White, president and chief executive officer of CB Richard Ellis. "Our clients are driving toward energy savings and solid, sustainable environmental performance. We see a great opportunity to partner with them to improve their operational performance and help protect the climate at the same time. The relationship with NRDC will help us to uncover new ideas that we hope our clients will adopt at their properties."

Energy use in buildings is responsible for 40 percent of U.S. global warming emissions, according to NRDC, which has spent over two decades working on energy issues, and has had a major hand in creating and improving efficiency standards at both the state and federal levels.