Jones Lang LaSalle (JLL) 8-K JLL Reports Record Third-Quarter Performance for 2015

Exhibit 99.1

JLL Reports Record Third-Quarter Performance for 2015

Adjusted EPS up 11 percent to $2.52; fee revenue grows to $1.3 billion

CHICAGO, October 28, 2015 --Jones Lang LaSalle Incorporated (NYSE: JLL) today reported adjusted earnings per share of $2.52, up from $2.27 in the prior year. Third-quarter fee revenue totaled $1.3 billion, up 17 percent in local currency from the third quarter of 2014. All percentage variances are calculated on a local currency basis.

• Ongoing investment fuels broad-based fee revenue growth and margin expansion

• Acquisition pace accelerates; 15 acquisitions year to date

• LaSalle Investment Management continues strong performance and capital raise momentum

• Robust pipelines in place for seasonally strong fourth quarter

• Semi-annual dividend increases 7 percent to $0.29 per share

Summary Financial Results    ($ in millions, except per share data)	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Revenue	$	1,501	$	1,366	$	4,078	$	3,681
Fee Revenue1	$	1,287	$	1,181	$	3,498	$	3,144
Adjusted Net Income2	$	114	$	103	$	249	$	196
U.S. GAAP Net Income2	$	110	$	104	$	243	$	192
Adjusted Earnings per Share2	$	2.52	$	2.27	$	5.47	$	4.32
Earnings per Share	$	2.43	$	2.30	$	5.34	$	4.24
Adjusted EBITDA3	$	190	$	167	$	438	$	351
Adjusted EBITDA, Real Estate Services	$	127	$	99	$	308	$	243
Adjusted EBITDA, LaSalle Investment Management	$	63	$	68	$	130	$	108
See Financial Statement Notes (1), (2) and (3) following the Financial Statements in this news release

CEO Comment:

“We completed another record quarter at JLL, with double-digit fee revenue growth across all service lines and geographic segments, healthy margin expansion and continued outstanding performance by LaSalle Investment Management,” said Colin Dyer, President and CEO. “We continue to invest strategically in the long-term growth of our company, and have excellent momentum as we move into 2016,” Dyer added.

JLL Reports Third-Quarter 2015 Results - Page 2

Consolidated Revenue    ($ in millions, “LC” = local currency)	Three Months Ended September 30,				% Change in USD	% Change in LC
	2015		2014
Real Estate Services (“RES”)
Leasing	$	417.8	$	368.1	14%	19%
Capital Markets & Hotels	223.7		192.9		16%	26%
Property & Facility Management Fee Revenue1	270.7		259.6		4%	14%
Property & Facility Management	378.3		376.3		1%	10%
Project & Development Services Fee Revenue1	125.9		112.6		12%	21%
Project & Development Services	232.3		181.3		28%	43%
Advisory, Consulting and Other	115.0		105.1		9%	19%
Total RES Fee Revenue1	$	1,153.1	$	1,038.3	11%	17%
Total RES Revenue	$	1,367.1	$	1,223.7	12%	19%
LaSalle Investment Management ("LaSalle")
Advisory Fees	$	60.7	$	60.9	—%	7%
Transaction Fees & Other	5.0		10.8		(54)%	(50)%
Incentive Fees	68.5		70.6		(3)%	8%
Total LaSalle Revenue	$	134.2	$	142.3	(6)%	3%
Total Firm Fee Revenue1	$	1,287.3	$	1,180.6	9%	17%
Total Firm Revenue	$	1,501.3	$	1,366.0	10%	19%
n.m. - not meaningful

JLL Reports Third-Quarter 2015 Results - Page 3

Consolidated Revenue    ($ in millions, “LC” = local currency)	Nine Months Ended September 30,				% Change in USD	% Change in LC
	2015		2014
Real Estate Services (“RES”)
Leasing	$	1,103.8	$	1,004.1	10%	14%
Capital Markets & Hotels	623.9		492.3		27%	38%
Property & Facility Management Fee Revenue1	790.8		762.8		4%	12%
Property & Facility Management	1,115.8		1,093.2		2%	10%
Project & Development Services Fee Revenue1	348.5		302.9		15%	25%
Project & Development Services	603.5		508.8		19%	33%
Advisory, Consulting and Other	331.1		306.1		8%	18%
Total RES Fee Revenue1	$	3,198.1	$	2,868.2	12%	19%
Total RES Revenue	$	3,778.1	$	3,404.5	11%	20%
LaSalle Investment Management ("LaSalle")
Advisory Fees	$	181.3	$	176.8	3%	11%
Transaction Fees & Other	19.5		19.8		(2)%	7%
Incentive Fees	99.3		79.5		25%	38%
Total LaSalle Revenue	$	300.1	$	276.1	9%	18%
Total Firm Fee Revenue1	$	3,498.2	$	3,144.3	11%	20%
Total Firm Revenue	$	4,078.2	$	3,680.6	11%	20%
n.m. - not meaningful

Consolidated Performance Highlights:

• Consolidated fee revenue for the third quarter was $1.3 billion, up 17 percent from 2014. Growth was broad-based, led by Leasing, up $50 million or 19 percent, Capital Markets & Hotels, up $31 million or 26 percent, and Project & Development Services, up $13 million or 21 percent.

• Consolidated fee-based operating expenses, excluding restructuring and acquisition charges, were $1.2 billion for the third quarter, compared with $1.1 billion last year. The firm continued to invest in technology and people for its clients in support of the growing business.

• LaSalle Investment Management's advisory fees grew 7 percent; total revenue increased 3 percent driven by substantial incentive fees as certain funds near the end of their stated investment periods. LaSalle also recognized significant equity earnings from net valuation increases and investment dispositions.

• Adjusted EBITDA margin calculated on a fee revenue basis was 14.8 percent for the third quarter, compared with 14.1 percent last year.

• Adjusted earnings per share reached $2.52 for the third quarter, up 11 percent from last year despite a negative foreign exchange impact of approximately $0.23, or 10 percent compared with a year ago.

JLL Reports Third-Quarter 2015 Results - Page 4

Balance Sheet and Net Interest Expense:

• The firm's total net debt was $435 million at quarter end, a decrease of $87 million from the second quarter of 2015.

• Net interest expense for the third quarter was $6.8 million, down from $7.4 million in the third quarter of 2014 primarily due to lower average borrowings compared with last year.

• Reflecting confidence in the firm's cash generation, the Board of Directors declared a semi-annual dividend of $0.29 per share, a 7 percent increase from the $0.27 per share payment made in June 2015. The dividend payment will be made on December 15, 2015, to shareholders of record at the close of business on November 13, 2015.

JLL Reports Third-Quarter 2015 Results - Page 5

Business Segment Performance Highlights

Americas Real Estate Services

Americas Revenue    ($ in millions, “LC” = local currency)	Three Months Ended September 30,					% Change in USD	% Change in LC
	2015		2014
Leasing	$	296.9	$	256.2		16%	17%
Capital Markets & Hotels	74.9		72.2			4%	5%
Property & Facility Management Fee Revenue1	117.5		106.1			11%	16%
Property & Facility Management	168.0		166.7			1%	8%
Project & Development Services Fee Revenue1	63.4		57.2			11%	15%
Project & Development Services	65.1		57.2			14%	18%
Advisory, Consulting and Other	34.5		30.1			15%	17%
Operating Revenue	$	587.2	$	521.8		13%	16%
Equity Earnings	4.5		(0.8		)	n.m.	n.m.
Total Segment Fee Revenue1	$	591.7	$	521.0		14%	16%
Total Segment Revenue	$	643.9	$	581.6		11%	14%
n.m. - not meaningful

Americas Revenue($ in millions, “LC” = local currency)	Nine Months Ended September 30,				% Change in USD	% Change in LC
	2015		2014
Leasing	$	790.7	$	694.4	14%	15%
Capital Markets & Hotels	226.2		172.5		31%	32%
Property & Facility Management Fee Revenue1	345.2		315.4		9%	13%
Property & Facility Management	499.3		466.8		7%	13%
Project & Development Services Fee Revenue1	176.5		153.2		15%	19%
Project & Development Services	180.4		154.7		17%	20%
Advisory, Consulting and Other	94.4		85.1		11%	13%
Operating Revenue	$	1,633.0	$	1,420.6	15%	17%
Equity Earnings	5.4		0.4		n.m.	n.m.
Total Segment Fee Revenue1	$	1,638.4	$	1,421.0	15%	17%
Total Segment Revenue	$	1,796.4	$	1,573.9	14%	17%
n.m. - not meaningful

Americas Performance Highlights:

• Fee revenue for the quarter was $592 million, an increase of 16 percent from 2014. Revenue growth compared with last year was broad-based with Leasing up 17 percent; Advisory, Consulting and Other up 17 percent; Property and Facility Management up 16 percent; and Project & Development Services up 15 percent. Growth in the region was primarily led by U.S. markets including New York, Los Angeles and Atlanta.

JLL Reports Second-Quarter 2015 Results - Page 6

• Fee-based operating expenses, excluding restructuring and acquisition charges, were $530 million for the quarter, compared with $473 million last year.

• Operating income was $62 million for the quarter, compared with $48 million in 2014. Year-to-date operating income was $143 million, up from $112 million in 2014.

• Adjusted EBITDA was $77 million for the quarter, compared with $60 million last year. Adjusted EBITDA margin for the quarter, calculated on a fee revenue basis, was 13.0 percent, compared with 11.4 percent in 2014. Year-to-date Adjusted EBITDA was $190 million, up from $150 million in 2014. Year-to-date Adjusted EBITDA margin calculated on a fee revenue basis was 11.6 percent, compared with 10.6 percent in 2014.

JLL Reports Third-Quarter 2015 Results - Page 7

EMEA Real Estate Services

EMEA Revenue    ($ in millions, “LC” = local currency)	Three Months Ended September 30,				% Change in USD	% Change in LC
	2015		2014
Leasing	$	72.4	$	66.6	9%	23%
Capital Markets & Hotels	110.3		90.8		21%	35%
Property & Facility Management Fee Revenue1	53.8		58.8		(9)%	3%
Property & Facility Management	75.0		81.6		(8)%	3%
Project & Development Services Fee Revenue1	40.7		35.8		14%	27%
Project & Development Services	133.6		83.4		60%	83%
Advisory, Consulting and Other	55.7		46.2		21%	35%
Operating Revenue	$	332.9	$	298.2	12%	25%
Equity Earnings	—		—		n.m.	—%
Total Segment Fee Revenue1	$	332.9	$	298.2	12%	25%
Total Segment Revenue	$	447.0	$	368.6	21%	37%
n.m. - not meaningful

EMEA Revenue($ in millions, “LC” = local currency)	Nine Months Ended September 30,				% Change in USD	% Change in LC
	2015		2014
Leasing	$	185.9	$	188.3	(1)%	14%
Capital Markets & Hotels	298.7		238.6		25%	42%
Property & Facility Management Fee Revenue1	156.4		171.2		(9)%	4%
Property & Facility Management	219.6		246.6		(11)%	1%
Project & Development Services Fee Revenue1	111.3		98.5		13%	30%
Project & Development Services	324.1		258.0		26%	48%
Advisory, Consulting and Other	160.8		144.6		11%	26%
Operating Revenue	$	913.1	$	841.2	9%	24%
Equity Earnings	0.7		—		n.m.	n.m
Total Segment Fee Revenue1	$	913.8	$	841.2	9%	24%
Total Segment Revenue	$	1,189.8	$	1,076.1	11%	27%
n.m. - not meaningful

EMEA Performance Highlights:

• EMEA's performance during the third quarter was significantly higher in local currencies than in U.S. dollars due to the continued strength of the U.S. dollar against European currencies.

JLL Reports Third-Quarter 2015 Results - Page 8

• Fee revenue for the quarter was $333 million, an increase of 25 percent from 2014. Revenue growth was driven by Capital Markets & Hotels up 35 percent; Advisory, Consulting and Other up 35 percent; Project & Development Services up 27 percent; and Leasing up 23 percent compared with last year. Growth in the region was led by the U.K., Germany and France.

• Fee-based operating expenses, excluding restructuring and acquisition charges, were $307 million for the quarter, compared with $282 million last year.

• Operating income was $26 million for the quarter, compared with $16 million in 2014. Year-to-date operating income was $56 million, up from $36 million in 2014.

• Adjusted EBITDA was $33 million for the quarter, compared with $23 million last year. Adjusted EBITDA margin calculated on a fee revenue basis was 10.0 percent for the quarter, compared with 7.6 percent in 2014. Year-to-date Adjusted EBITDA was $74 million, up from $54 million in 2014. Year-to-date Adjusted EBITDA margin calculated on a fee revenue basis was 8.1 percent, compared with 6.4 percent in 2014.

JLL Reports Third-Quarter 2015 Results - Page 9

Asia Pacific Real Estate Services

Asia Pacific Revenue    ($ in millions, “LC” = local currency)	Three Months Ended September 30,				% Change in USD	% Change in LC
	2015		2014
Leasing	$	48.5	$	45.3	7%	19%
Capital Markets & Hotels	38.5		29.9		29%	48%
Property & Facility Management Fee Revenue1	99.4		94.7		5%	18%
Property & Facility Management	135.3		128.0		6%	18%
Project & Development Services Fee Revenue1	21.8		19.6		11%	26%
Project & Development Services	33.6		40.7		(17)%	(6)%
Advisory, Consulting and Other	24.8		28.8		(14)%	(3)%
Operating Revenue	$	233.0	$	218.3	7%	20%
Equity Earnings	0.2		0.2		—%	8%
Total Segment Fee Revenue1	$	233.2	$	218.5	7%	20%
Total Segment Revenue	$	280.9	$	272.9	3%	15%
n.m. - not meaningful

Asia Pacific Revenue    ($ in millions, “LC” = local currency)	Nine Months Ended September 30,				% Change in USD	% Change in LC
	2015		2014
Leasing	$	127.2	$	121.4	5%	14%
Capital Markets & Hotels	99.0		81.2		22%	37%
Property & Facility Management Fee Revenue1	289.2		276.2		5%	15%
Property & Facility Management	396.9		379.8		5%	13%
Project & Development Services Fee Revenue1	60.7		51.2		19%	31%
Project & Development Services	99.0		96.1		3%	14%
Advisory, Consulting and Other	75.9		76.4		(1)%	9%
Operating Revenue	$	652.0	$	606.4	8%	18%
Equity Losses	0.2		0.1		n.m.	92%
Total Segment Fee Revenue1	$	652.2	$	606.5	8%	18%
Total Segment Revenue	$	798.2	$	755.0	6%	16%
n.m. - not meaningful

Asia Pacific Performance Highlights:

• Asia Pacific's performance during the third quarter was significantly higher in local currencies than in U.S. dollars due to the continued strength of the U.S. dollar, particularly against the Australian dollar and Japanese yen.

• Fee revenue for the quarter was $233 million, an increase of 20 percent from 2014. Revenue growth was driven by Capital Markets & Hotels up 48 percent, Leasing up 19 percent and Property & Facility Management up 18 percent, compared with last year. Growth in the region was led by Australia, India and China's tier one cities, including Beijing and Shanghai.

JLL Reports Third-Quarter 2015 Results - Page 10

• Fee-based operating expenses, excluding restructuring and acquisition charges, were $220 million for the quarter, compared with $203 million last year.

• Operating income was $13 million for the quarter, compared with $15 million in 2014. Year-to-date operating income was $34 million, up from $32 million in 2014.

• Adjusted EBITDA was $17 million for the quarter, compared with $16 million last year. Adjusted EBITDA margin calculated on a fee revenue basis was 7.1 percent for the quarter, compared with 7.5 percent in 2014. Year-to-date Adjusted EBITDA was $44 million, up from $40 million in 2014. Year-to-date Adjusted EBITDA margin calculated on a fee revenue basis was 6.8 percent, compared with 6.5 percent in 2014.

JLL Reports Third-Quarter 2015 Results - Page 11

LaSalle Investment Management

LaSalle Investment Management Revenue    ($ in millions, “LC” = local currency)	Three Months Ended September 30,				% Change in USD	% Change in LC
	2015		2014
Advisory Fees	$	60.7	$	60.9	—%	7%
Transaction Fees & Other	5.0		10.8		(54)%	(50)%
Incentive Fees	68.5		70.6		(3)%	8%
Operating Revenue	$	134.2	$	142.3	(6)%	3%
Equity Earnings	20.7		20.1		3%	4%
Total Segment Revenue	$	154.9	$	162.4	(5)%	3%
n.m. - not meaningful

LaSalle Investment Management Revenue    ($ in millions, “LC” = local currency)	Nine Months Ended September 30,				% Change in USD	% Change in LC
	2015		2014
Advisory Fees	$	181.3	$	176.8	3%	11%
Transaction Fees & Other	19.5		19.8		(2)%	7%
Incentive Fees	99.3		79.5		25%	38%
Operating Revenue	$	300.1	$	276.1	9%	18%
Equity Earnings	57.6		40.4		43%	44%
Total Segment Revenue	$	357.7	$	316.5	13%	21%
n.m. - not meaningful

LaSalle Investment Management Performance Highlights:

• Total segment revenue was $155 million for the quarter, compared with $162 million last year. This included advisory fee growth of 7 percent, $69 million of incentive fees and $21 million of equity earnings.

• Incentive fees and equity earnings were notable for the quarter, despite a tough 2014 comparable. Incentive fees were driven by the sale of assets as LaSalle realized gains from legacy investments, whereas equity earnings were primarily valuation driven.

• Operating expenses were $92 million for the quarter, compared with $95 million last year. Operating income was $63 million for the quarter, compared with $68 million last year.

• Adjusted EBITDA was $63 million for the quarter, compared with $68 million last year. Adjusted EBITDA margin was 40.9 percent, compared with 42.0 percent in 2014. Year-to-date Adjusted EBITDA was $130 million, up from $108 million in 2014. Year-to-date Adjusted EBITDA margin was 36.3 percent, compared to 34.0 percent in 2014.

• Capital raise was $838 million for the quarter and $3.8 billion year-to-date.

• Assets under management were $57.2 billion as of September 30, 2015, up from $56.0 billion as of June 30, 2015. The net increase in assets under management resulted from $2.5 billion of acquisitions and takeovers, $1.7 billion of dispositions and withdrawals, $0.7 billion of net valuation decreases and $1.1 billion of net foreign currency increases.

JLL Reports Third-Quarter 2015 Results - Page 12

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

200 East Randolph Drive Chicago Illinois 60601 │ 30 Warwick Street London W1B 5NH │ 9 Raffles Place #39-00 Republic Plaza Singapore 048619

Cautionary Note Regarding Forward-Looking Statements

Statements in this news release regarding, among other things, future financial results and performance, achievements, plans and objectives and dividend payments may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance, achievements, plans and objectives and dividend payments of JLL to be materially different from those expressed or implied by such forward-looking statements. For additional information concerning risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated in forward-looking statements, and risks to JLL’s business in general, please refer to those factors discussed under “Business,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Quantitative and Qualitative Disclosures about Market Risk,” and elsewhere in JLL’s Annual Report on Form 10-K for the year ended December 31, 2014, on Form 10-Q for the quarters ended March 31, 2015 and June 30, 2015, and in other reports filed with the Securities and Exchange Commission. There can be no assurance that future dividends will be declared since the actual declaration of future dividends, and the establishment of record and payment dates, remains subject to final determination by the Company’s Board of Directors. Any forward-looking statements speak only as of the date of this release, and except to the extent required by applicable securities laws, JLL expressly disclaims any obligation or undertaking to publicly update or revise any forward-looking statements contained herein to reflect any change in JLL’s expectations or results, or any change in events.

JLL Reports Third-Quarter 2015 Results - Page 13

Conference Call

Management will conduct a conference call with shareholders, analysts and investment professionals on Wednesday, October 28, 2015 at 9:00 a.m. EDT.

If you would like to participate in the teleconference, please dial into one of the following phone numbers five to ten minutes before the start time (the passcode will also be required):

∙	U.S. callers:	+1 844 231 9804
∙	International callers:	+1 402 858 7998
∙	Passcode:	49805888

Webcast

We are also offering a live webcast.  Follow these steps to participate:

1. You must have a minimum 14.4 Kbps Internet connection

2. Log on to http://www.visualwebcaster.com/event.asp?id=102889

3. Download free Windows Media Player software: (link located under registration form)

4. If you experience problems listening, please call the Webcast Hotline +1 800 744 9473 and provide your Event ID (102889).

Supplemental Information

Supplemental information regarding the third-quarter 2015 earnings call has been posted to the Investor Relations section of the company's website:  www.jll.com.

Conference Call Replay

Available: 12:00 p.m. EDT Wednesday, October 28, 2015 through 11:59 p.m. EST Saturday, November 28, 2015 at the following numbers:

∙	U.S. callers:	+1 855 859 2056	or + 1 800 585 8367
∙	International callers:	+1 404 537 3406
∙	Passcode:	49805888

Web Audio Replay

An audio replay will be available. Information and the link can be found on the company’s website:  www.jll.com.

If you have any questions, please contact JLL’s Investor Relations department at: JLLInvestorRelations@am.jll.com.

###

JONES LANG LASALLE INCORPORATED
Consolidated Statements of Operations
For the Three and Nine Months Ended September 30, 2015 and 2014
(in thousands, except share data)
(Unaudited)
	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Revenue	$	1,501,267		$	1,365,975		$	4,078,254		$	3,680,622
Operating expenses:
Compensation and benefits	896,080			828,241			2,459,056			2,226,804
Operating, administrative and other	440,119			388,290			1,245,443			1,141,376
Depreciation and amortization	26,643			22,023			77,060			67,214
Restructuring and acquisition charges 4	18,108			(37		)	20,757			41,379
Total operating expenses	1,380,950			1,238,517			3,802,316			3,476,773
Operating income 1	120,317			127,458			275,938			203,849
Interest expense, net of interest income	(6,774		)	(7,361		)	(20,369		)	(21,661		)
Equity earnings from real estate ventures	25,362			19,552			63,873			40,945
Income before income taxes and noncontrolling interest 4	138,905			139,649			319,442			223,133
Provision for income taxes 4	25,720			34,912			71,576			29,889
Net income 4	113,185			104,737			247,866			193,244
Net income attributable to noncontrolling interest	2,776			453			5,252			1,116
Net income attributable to the Company	$	110,409		$	104,284		$	242,614		$	192,128
Dividends on unvested common stock, net of tax benefit	—			—			163			176
Net income attributable to common shareholders	$	110,409		$	104,284		$	242,451		$	191,952
Basic earnings per common share	$	2.45		$	2.33		$	5.40		$	4.30
Basic weighted average shares outstanding	45,001,309			44,809,133			44,905,217			44,637,429
Diluted earnings per common share 2	$	2.43		$	2.30		$	5.34		$	4.24
Diluted weighted average shares outstanding	45,452,959			45,290,595			45,394,517			45,241,766
EBITDA 3	$	172,322		$	169,033		$	416,871		$	312,008
Please reference attached financial statement notes.

JONES LANG LASALLE INCORPORATED
Segment Operating Results
For the Three and Nine Months Ended September 30, 2015 and 2014
(in thousands)
(Unaudited)
	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
REAL ESTATE SERVICES
AMERICAS
Revenue:
Operating revenue	$	639,405		$	582,387		$	1,791,071		$	1,573,552
Equity earnings (losses)	4,450			(756		)	5,366			446
Total segment revenue	643,855			581,631			1,796,437			1,573,998
Gross contract costs 1	(52,150		)	(60,601		)	(158,047		)	(152,863		)
Total segment fee revenue	591,705			521,030			1,638,390			1,421,135
Operating expenses:
Compensation, operating and administrative expenses	566,668			521,987			1,606,929			1,423,746
Depreciation and amortization	15,638			11,658			46,511			38,500
Total segment operating expenses	582,306			533,645			1,653,440			1,462,246
Gross contract costs 1	(52,150		)	(60,601		)	(158,047		)	(152,863		)
Total fee-based segment operating expenses	530,156			473,044			1,495,393			1,309,383
Operating income	$	61,549		$	47,986		$	142,997		$	111,752
Adjusted EBITDA	$	77,187		$	59,644		$	189,508		$	150,252
EMEA
Revenue:
Operating revenue	$	447,037		$	368,564		$	1,189,070		$	1,076,088
Equity earnings	8			13			752			14
Total segment revenue	447,045			368,577			1,189,822			1,076,102
Gross contract costs 1	(114,125		)	(70,403		)	(276,047		)	(234,929		)
Total segment fee revenue	332,920			298,174			913,775			841,173
Operating expenses:
Compensation, operating and administrative expenses	413,838			345,893			1,116,030			1,022,599
Depreciation and amortization	6,800			6,355			18,099			17,303
Total segment operating expenses	420,638			352,248			1,134,129			1,039,902
Gross contract costs 1	(114,125		)	(70,403		)	(276,047		)	(234,929		)
Total fee-based segment operating expenses	306,513			281,845			858,082			804,973
Operating income	$	26,407		$	16,329		$	55,693		$	36,200
Adjusted EBITDA	$	33,207		$	22,684		$	73,792		$	53,503

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
ASIA PACIFIC
Revenue:
Operating revenue	$	280,651		$	272,708		$	797,974		$	754,890
Equity earnings	193			198			215			119
Total segment revenue	280,844			272,906			798,189			755,009
Gross contract costs 1	(47,697		)	(54,419		)	(145,955		)	(148,483		)
Total segment fee revenue	233,147			218,487			652,234			606,526
Operating expenses:
Compensation, operating and administrative expenses	264,261			254,352			753,763			713,111
Depreciation and amortization	3,657			3,444			10,878			9,869
Total segment operating expenses	267,918			257,796			764,641			722,980
Gross contract costs 1	(47,697		)	(54,419		)	(145,955		)	(148,483		)
Total fee-based segment operating expenses	220,221			203,377			618,686			574,497
Operating income	$	12,926		$	15,110		$	33,548		$	32,029
Adjusted EBITDA	$	16,583		$	16,338		$	44,426		$	39,682
LASALLE INVESTMENT MANAGEMENT
Revenue:
Operating revenue	$	134,174		$	142,316		$	300,139		$	276,092
Equity earnings	20,711			20,097			57,540			40,366
Total segment revenue	154,885			162,413			357,679			316,458
Operating expenses:
Compensation, operating and administrative expenses	91,432			94,299			227,777			208,724
Depreciation and amortization	548			566			1,572			1,542
Total segment operating expenses	91,980			94,865			229,349			210,266
Operating income	$	62,905		$	67,548		$	128,330		$	106,192
Adjusted EBITDA	$	63,453		$	68,114		$	129,902		$	107,734
SEGMENT RECONCILING ITEMS
Total segment revenue	$	1,526,629		$	1,385,527		$	4,142,127		$	3,721,567
Reclassification of equity earnings	25,362			19,552			63,873			40,945
Total revenue	$	1,501,267		$	1,365,975		$	4,078,254		$	3,680,622
Total operating expenses before restructuring and acquisition charges	1,362,842			1,238,554			3,781,559			3,435,394
Operating income before restructuring and acquisition charges	$	138,425		$	127,421		$	296,695		$	245,228
Restructuring and acquisition charges 4	18,108			(37		)	20,757			41,379
Operating income after restructuring and acquisition charges	$	120,317		$	127,458		$	275,938		$	203,849
Total adjusted EBITDA	$	190,430		$	166,780		$	437,628		$	351,171
Restructuring and acquisition charges 4	18,108			(2,253		)	20,757			39,163
Total EBITDA	$	172,322		$	169,033		$	416,871		$	312,008
Please reference attached financial statement notes.

JONES LANG LASALLE INCORPORATED
Consolidated Balance Sheets
September 30, 2015, December 31, 2014 and September 30, 2014
(in thousands)
			(Unaudited)				(Unaudited)
			September 30,		December 31,		September 30,
			2015		2014		2014
ASSETS
Current assets:
	Cash and cash equivalents		$	193,499	$	250,413	$	162,568
	Trade receivables, net of allowances		1,407,440		1,375,035		1,216,322
	Notes and other receivables		222,270		181,377		193,324
	Warehouse receivables		41,274		83,312		185,797
	Prepaid expenses		90,065		64,963		84,484
	Deferred tax assets, net		129,869		135,251		122,353
	Other		9,980		27,825		29,399
		Total current assets	2,094,397		2,118,176		1,994,247
Property and equipment, net of accumulated depreciation			377,832		368,361		344,765
Goodwill, with indefinite useful lives			1,999,623		1,907,924		1,910,990
Identified intangibles, net of accumulated amortization			43,384		38,841		40,443
Investments in real estate ventures			311,814		297,142		290,674
Long-term receivables			110,044		85,749		94,170
Deferred tax assets, net			104,670		90,897		64,832
Deferred compensation plans			128,910		111,234		108,484
Other			64,352		57,012		86,181
		Total assets	$	5,235,026	$	5,075,336	$	4,934,786
LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable and accrued liabilities		$	636,824	$	630,037	$	518,704
	Accrued compensation		790,977		990,678		665,556
	Short-term borrowings		30,504		19,623		43,292
	Deferred tax liabilities, net		16,554		16,554		11,606
	Deferred income		143,913		104,565		119,963
	Deferred business acquisition obligations		48,616		49,259		46,462
	Warehouse facility		41,274		83,312		185,797
	Minority shareholder redemption liability		—		11,158		10,909
	Other		153,109		141,825		157,987
		Total current liabilities	1,861,771		2,047,011		1,760,276
Noncurrent liabilities:
	Credit facility		235,005		—		250,000
	Long-term senior notes		275,000		275,000		275,000
	Deferred tax liabilities, net		17,723		17,082		18,029
	Deferred compensation		142,551		125,857		114,576
	Deferred business acquisition obligations		37,975		68,848		65,937
	Minority shareholder redemption liability		—		—		—
	Other		130,301		118,969		94,111
		Total liabilities	2,700,326		2,652,767		2,577,929

			(Unaudited)						(Unaudited)
			September 30,			December 31,			September 30,
			2015			2014			2014
Redeemable noncontrolling interest			8,917			13,449			13,638
Company shareholders' equity:
	Common stock, $.01 par value per share,100,000,000 shares authorized; 45,033,713, 44,828,779, and 44,817,758 shares issued and outstanding as of September 30, 2015, December 31, 2014 and September 30, 2014, respectively		450			448			448
	Additional paid-in capital		980,698			961,850			957,374
	Retained earnings		1,861,427			1,631,145			1,448,602
	Shares held in trust		(6,328		)	(6,407		)	(6,407		)
	Accumulated other comprehensive income (loss)		(329,747		)	(200,239		)	(76,839		)
		Total Company shareholders' equity	2,506,500			2,386,797			2,323,178
	Noncontrolling interest		19,283			22,323			20,041
		Total equity	2,525,783			2,409,120			2,343,219
		Total liabilities and equity	$	5,235,026		$	5,075,336		$	4,934,786
Please reference attached financial statement notes.

JONES LANG LASALLE INCORPORATED

Summarized Consolidated Statements of Cash Flows

For the Nine Months Ended September 30, 2015 and 2014

(in thousands)

	Nine Months Ended
	September 30,
	2015			2014
Cash (used in) provided by operating activities	$	(18,245	)	$	42,356
Cash used in investing activities	(184,464		)	(111,503		)
Cash provided by financing activities	160,243			82,769
Effect of currency exchange rate changes on cash and cash equivalents	(14,448		)	(3,780		)
Net (decrease) increase in cash and cash equivalents	$	(56,914	)	$	9,842
Cash and cash equivalents, beginning of period	250,413			152,726
Cash and cash equivalents, end of period	$	193,499		$	162,568
Please reference attached financial statement notes.

JONES LANG LASALLE INCORPORATED

Financial Statement Notes

1. Consistent with U.S. GAAP (“GAAP”), gross contract vendor and subcontractor costs (“gross contract costs”) which are managed on certain client assignments in the Property & Facility Management and Project & Development Services business lines are presented on a gross basis in both revenue and operating expenses. Gross contract costs are excluded from revenue and operating expenses in determining “fee revenue” and “fee-based operating expenses,” respectively. Excluding these costs from revenue and operating expenses more accurately reflects how the firm manages its expense base and its operating margins.

Adjusted operating income excludes the impact of restructuring and acquisition charges. “Adjusted operating income margin” is calculated by dividing adjusted operating income by fee revenue. Below are reconciliations of revenue and operating expenses to fee revenue and fee-based operating expenses, as well as adjusted operating income margin calculations, for the three and nine months ended September 30, 2015 and 2014.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
($ in millions)	2015			2014			2015			2014
Revenue	$	1,501.3		$	1,366.0		$	4,078.2		$	3,680.6
Gross contract costs	(214.0		)	(185.4		)	(580.0		)	(536.3		)
Fee revenue	$	1,287.3		$	1,180.6		$	3,498.2		$	3,144.3
Operating expenses	$	1,381.0		$	1,238.5		$	3,802.3		$	3,476.8
Gross contract costs	(214.0		)	(185.4		)	(580.0		)	(536.3		)
Fee-based operating expenses	$	1,167.0		$	1,053.1		$	3,222.3		$	2,940.5
Operating income	$	120.3		$	127.5		$	275.9		$	203.8
Add:
Restructuring and acquisition charges*	18.1			(2.2		)	20.8			39.2
Adjusted operating income	$	138.4		$	125.3		$	296.7		$	243.0
Adjusted operating income margin	10.8		%	10.6		%	8.5		%	7.7		%

*See note 4 for more information on restructuring and acquisition charges

2. Net restructuring and acquisition charges are excluded from GAAP net income attributable to common shareholders to arrive at adjusted net income for the three and nine months ended September 30, 2015 and 2014. Adjusted net income in the table below for the three and nine months ended September 30, 2014 no longer incorporates an adjustment to exclude the net intangible amortization related to the 2011 King Sturge acquisition; such amounts were $0.5 million and $1.6 million of amortization expense for the three and nine months ended September 30, 2014, respectively. There was no comparable activity during the three and nine months ended September 30, 2015.

Below are reconciliations of GAAP net income attributable to common shareholders to adjusted net income and calculations of earnings per share for each net income total:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
($ in millions, except per share data)	2015		2014			2015		2014
GAAP net income attributable to common shareholders	$	110.4	$	104.3		$	242.5	$	192.0
Shares (in 000s)	45,453		45,291			45,395		45,242
GAAP diluted earnings per share	$	2.43	$	2.30		$	5.34	$	4.24
GAAP net income attributable to common shareholders	$	110.4	$	104.3		$	242.5	$	192.0
Restructuring and acquisition charges, net*	4.0		(1.6		)	6.0		3.5
Adjusted net income	$	114.4	$	102.7		$	248.5	$	195.5
Shares (in 000s)	45,453		45,291			45,395		45,242
Adjusted diluted earnings per share	$	2.52	$	2.27		$	5.47	$	4.32

*See note 4 for more information on restructuring and acquisition charges

3. Adjusted EBITDA represents earnings before interest expense net of interest income, income taxes, depreciation and amortization, adjusted for restructuring and acquisition charges. Although adjusted EBITDA and EBITDA are non-GAAP financial measures, they are used extensively by management and are useful to investors and lenders as metrics for evaluating operating performance and liquidity. EBITDA is used in the calculations of certain covenants related to the firm’s revolving credit facility. However, adjusted EBITDA and EBITDA should not be considered as an alternative to net income determined in accordance with GAAP. Because adjusted EBITDA and EBITDA are not calculated under GAAP, the firm’s adjusted EBITDA and EBITDA may not be comparable to similarly titled measures used by other companies.

Below is a reconciliation of net income to EBITDA and adjusted EBITDA:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
($ in millions)	2015		2014			2015		2014
GAAP net income	$	113.2	$	104.7		$	247.9	$	193.2
Add:
Interest expense, net of interest income	6.8		7.4			20.4		21.7
Provision for (benefit from) income taxes	25.7		34.9			71.5		29.9
Depreciation and amortization	26.6		22.0			77.1		67.2
EBITDA	$	172.3	$	169.0		$	416.9	$	312.0
Add:
Restructuring and acquisition charges	18.1		(2.2		)	20.8		39.2
Adjusted EBITDA	$	190.4	$	166.8		$	437.7	$	351.2

4. Restructuring and acquisition charges are excluded from segment operating results, although they are included for consolidated reporting. For purposes of segment operating results, the allocation of restructuring and acquisition charges to the segments has been determined not to be meaningful to investors, so the performance of segment results has been evaluated without allocation of these charges.

Restructuring and acquisition charges presented in the Financial Statement Notes for the three and nine months ended September 30, 2014 includes a pre-tax benefit of $2.2 million associated with acquisition-related activity that

was presented within Operating, administrative and other expenses in the consolidated statements of operations for the quarter and reclassified for full-year 2014 reporting comparability.

Restructuring and acquisition charges of $18 million in the quarter ended September 30, 2015 include $13 million related to the write-off of an indemnification asset which arose from prior period acquisition activity. This write-off is offset by the recognition of a tax benefit of an equal amount in the provision for income taxes, and therefore has no impact on net income.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
($ in millions)	GAAP		Adjusting Item		Adjusted		GAAP		Adjusting Item		Adjusted
Income before income taxes and noncontrolling interest	$	138.9	$	12.8	$	151.7	$	319.4	$	12.8	$	332.2
Provision for income taxes	25.7		12.8		38.5		71.5		12.8		84.3
Net Income	$	113.2			$	113.2	$	247.9			$	247.9

Excluding the impact of this item, the adjusted provision for income taxes for the three months ended September 30, 2015 of $38.5 reflects a 25.4 percent effective tax rate on adjusted income before taxes of $151.7 million.

5. Each geographic region offers the firm’s full range of Real Estate Services businesses consisting primarily of tenant representation and agency leasing; capital markets; property management and facilities management; project and development services; and advisory, consulting and valuations services. LaSalle Investment Management provides investment management services to institutional investors and high-net-worth individuals.

6. The consolidated statements of cash flows are presented in summarized form. For complete consolidated statements of cash flows, please refer to the firm’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2015, to be filed with the Securities and Exchange Commission shortly.

7. EMEA refers to Europe, Middle East and Africa. MENA refers to Middle East and North Africa. Greater China includes China, Hong Kong, Macau and Taiwan. Southeast Asia refers to Singapore, Indonesia, Philippines, Thailand and Vietnam. The BRIC countries include Brazil, Russia, India and China.

8. Certain prior year amounts have been reclassified to conform to the current presentation.

Contact:	Christie B. Kelly
Title:	Global Chief Financial Officer
Phone:	+1 312 228 2316