Nam Tai Property (NTP) Approves 3M Common Buyback Plan

Nam Tai Property (NYSE: NTP) announced that its board of directors has approved and it is commencing a cash tender offer today to purchase up to three million (3,000,000) of its issued and outstanding Common Stock, par value $0.01 per share (the "Shares") at a purchase price of $5.50, net per share. The tender offer will be subject to the terms and conditions described in the offer to purchase and the related materials that will be distributed to holders of the shares and filed with the Securities and Exchange Commission (the "SEC") today. The tender offer is expected to commence on April 28, 2015 and to expire on May 29, 2015, and will be conducted in accordance with SEC Rule 13e-4.

"Notwithstanding the value of our real estate holdings and favorable business prospects, we believe our current stock price has been negatively impacted by unfavorable global stock market conditions and the unfamiliarity of investors with the real estate market in China. With our tender offer announcement today, we reaffirm our confidence and optimism in the long term future of the Company and continue to execute on our strategy of returning capital to shareholders," said Mr. M. K. Koo, chairman of Nam Tai.

Neither Nam Tai, its board of directors, the dealer manager nor the information agent nor any of their affiliates is making any recommendation to holders of the Shares as to whether to tender or refrain from tendering their Shares. Nam Tai has been advised that none of its directors or executive officers intends to tender any Shares pursuant to the tender offer. The information agent for the tender offer will be Cameron Associate and the depositary for the tender offer will be Computershare. WestPark Capital, Inc. will act as the dealer manager in the tender offer.

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