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CUSHMAN & WAKEFIELD For Immediate Release Exhibit 99.1 Cushman & Wakefield Reports Financial Results for Second Quarter 2021 ; Announces Planned CEO Succession , John Forrester to become Chief Executive Officer effective January 1 , 2022 and Brett White to remain Executive Chairman CHICAGO ( BUSINESS WIRE ) , August 5 , 2021 -- Cushman & Wakefield ( NYSE : CWK ) today reported financial results for the second quarter ended June 30 , 2021 : • • • • • . Revenue for the second quarter of 2021 of $ 2.2 billion was up 29 % ( up 25 % local currency³ ) from the second quarter of 2020. Fee revenue of $ 1.6 billion was up 39 % ( up 34 % local currency ) versus prior year . ° о Fee revenue better than expected across all segments and service lines , brokerage fee revenue improved 89 % on local currency led by the Americas Property , facilities and project management and Valuation and other fee revenue grew 7 % and 16 % , respectively , on local currency Net income and earnings per share for the second quarter of 2021 were $ 52.7 million and $ 0.23 , respectively . Adjusted earnings per share was $ 0.50 . Adjusted EBITDA was $ 219.9 million , up 85 % ( 76 % local currency ) from the second quarter of 2020 . Adjusted EBITDA margin of 13.5 % expanded 335 basis points from the second quarter of 2020 . Generated $ 30 million of gross savings for the second quarter from permanent cost reduction actions . Significant liquidity as of June 30 , 2021 of $ 2.1 billion consisting of cash on hand of $ 1.1 billion and availability under the Company's undrawn revolving credit facility of $ 1.0 billion . -- Planned executive transition announced John Forrester , currently Cushman & Wakefield's Global President , will become CEO , effective January 1 , 2022. Brett White to remain Executive Chairman , a role he's held at Cushman & Wakefield since 2015 . As Executive Chairman , Brett White will remain an employee of Cushman & Wakefield and will continue to lead strategy , M & A and succession planning , alongside Forrester . " I began my work here as Executive Chairman , and , given the firm's strong performance and bright future , now is the right time for me to return to that role , ” said Brett White , Cushman & Wakefield Chief Executive Officer . " John is a deeply admired and respected leader both inside our firm and across our industry . His high level of integrity , exceptional work ethic , deep client knowledge and strong global relationships , make him the obvious choice as our next CEO . " In his current role as Cushman & Wakefield's Global President , Forrester has direct operational and management oversight of all of the firm's service lines and regions ( Americas , EMEA and APAC ) . He is a member of the Global Executive Committee and Global Management Board . Forrester joined Cushman & Wakefield predecessor DTZ in 1988 , and served as Group Chief Executive , before DTZ's eventual merger with Cushman & Wakefield in 2015 . INVESTOR RELATIONS Len Texter Investor Relations +1 312 338 7860 IR@cushwake.com MEDIA CONTACT Aixa Velez Corporate Communications +1 312 424 8195 aixa.velez@cushwake.com