CB Richard Ellis Group, Inc. Reports Second Quarter Revenue Increase of 65%, Earnings Per Share Rise of 94% and Raises Guidance for 2007

Business Wire, July 30, 2007

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Non-GAAP Financial Measures

The following measures are considered "non-GAAP financial measures" under SEC guidelines:

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The Company believes that these non-GAAP financial measures provide a more complete understanding of ongoing operations and enhance comparability of current results to prior periods as well as presenting the effects of one-time items in all periods presented. The Company believes that investors may find it useful to see these non-GAAP financial measures to analyze financial performance without the impact of one-time items that may obscure trends in the underlying performance of its business.

Net income, as adjusted for one-time items and diluted earnings per share, as adjusted for one-time items are calculated as follows (dollars in thousands, except per share data):

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EBITDA for the Company is calculated as follows (dollars in thousands):

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Operating income (loss), as adjusted for one-time items is calculated as follows (dollars in thousands):

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EBITDA for segments is calculated as follows (dollars in thousands):

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