Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 276

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 276
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 normal trading activities, may from time to time effect transactions and hold securities, including, without limitation, derivative securities, of the Company or Parent for our own account and for the accounts of customers. Our opinion expressed herein is provided for the information and assistance of the Board in connection with its consideration of the Merger. In addition, our Opinion does not constitute a recommendation as to whether the Board should recommend or proceed with the Merger, nor does it constitute a recommendation to any holder of Company Common Stock as to how such holder should vote or act with respect to any aspect of the Merger or any matter related thereto. This opinion has been approved by the Fairness Committee of Jones Lang LaSalle Securities LLC, an affiliate of Jones Lang LaSalle Americas, Inc.in accordance with our customary practice. Based upon and subject to the foregoing and such other matters as we consider relevant, we are of the opinion that, as of the date hereof, the Consideration to be paid in the Merger to the holders of the Company Common Stock (other than shares of Company Common Stock held by any direct or indirect wholly owned subsidiary of Parent, Merger Sub or any wholly owned subsidiary of the Company immediately prior to the Effective Time) is fair, from a financial point of view, to such holders of Company Common Stock.

| Very truly yours,                  |
| JONES LANG LASALLE SECURITIES, LLC |
| JONES LANG LASALLE SECURITIES, LLC |

B-4

ANNEX C July 23, 2025 Board of Directors City Office REIT, Inc. Suite 3210 – 666 Burrard Street Vancouver, BC V6C 2X8 CA Members of the Board of Directors: We understand that MCME Carell Holdings, LP (“Parent”), a portfolio company of MCM (as defined below), MCME Carell Merger Sub, LLC, a wholly owned subsidiary of Parent (“Merger Sub”, and together with Parent, the “Parent Parties”), and City Office REIT, Inc. (the “Company”), propose to enter into the Agreement (as defined below) pursuant to which, among other things, the Company will be merged with and into Merger Sub (the “Merger”) and that, in connection with the Merger, (i) each issued and outstanding share of common stock, par value $0.01 per share, of the Company (the “Common Shares”), other than the Excluded Shares (as defined below), shall be converted into the right to receive