MPG Office Trust Series A Preferred Stockholders Elect Two

  MPG Office Trust Series A Preferred Stockholders Elect Two Directors at
  Yesterday’s Special Meeting

Business Wire

LOS ANGELES -- February 03, 2011

MPGOfficeTrust, Inc. (NYSE: MPG), a SouthernCalifornia-focused real estate
investment trust, today announced that, at a Special Meeting held yesterday,
holders of the Company’s 7.625% Series A Cumulative Redeemable Preferred Stock
voted to elect two directors to its Board of Directors. Messrs.Rob Deutschman
and EdwardJ.Ratinoff will each serve as a director for a one-year term or,
if earlier, until his successor is duly elected and qualifies, or until the
full payment (or setting aside for payment) of all dividends on the
SeriesAPreferredStock that are in arrears, as well as dividends for the
then current period.

Mr.Deutschman has served as a managing director at the investment banking
firm CappelloCapital Corp. since 1999. Since 2004, Mr.Deutschman has served
as the vice chairman of the Board of Directors of Enron Creditors Recovery
Corp. (formerly Enron Corp.), a position he assumed upon the company’s 2004
emergence from bankruptcy. Mr.Deutschman also serves on the Board of the RAND
Center for Corporate Ethics and Governance. Mr.Deutschman has a law degree
from Columbia University School of Law and a BA in political science from
Haverford College.

Mr.Ratinoff has served as a Managing Director and Head of Acquisitions for
Phoenix Realty Group, an institutional real estate investment firm, since
March 2010. Since April2010, Mr.Ratinoff has served as a member of the Board
of Directors and Chairman of the Loan Committee of Bankof Internet. From 2004
to 2009, Mr.Ratinoff held the position of Managing Director and West Coast
Head for the J.E. Robert Companies, a global real estate investment management
company. Prior to J.E. Robert Companies, Mr. Ratinoff served a variety of
senior management roles in real estate investment banking with Keybanc, Chase
Securities and Bankers Trust. Mr.Ratinoff received a BA in Architecture and
City Planning from the University of California, Berkeley, and an MBA from the
J.L. Kellogg Graduate School of Management at NorthwesternUniversity.

About MPGOfficeTrust, Inc.

MPGOfficeTrust, Inc. is the largest owner and operator of Class A office
properties in the LosAngeles central business district and is primarily
focused on owning and operating high-quality office properties in the
SouthernCalifornia market. MPGOfficeTrust, Inc. is a full-service real
estate company with substantial in-house expertise and resources in property
management, marketing, leasing, acquisitions, development and financing. For
more information on MPGOfficeTrust, visit our website at www.mpgoffice.com.

Business Risks

This press release contains forward-looking statements based on current
expectations, forecasts and assumptions that involve risks and uncertainties
that could cause actual outcomes and results to differ materially. These risks
and uncertainties include: risks associated with our ability to dispose of
properties, if and when we decide to do so, at prices or terms set by or
acceptable to us; risks associated with the timing and consequences of loan
defaults and related asset dispositions; risks associated with our liquidity
situation; risks associated with our dependence on key personnel whose
continued service is not guaranteed; risks associated with the continued or
increased negative impact of the current credit crisis and global economic
slowdown; risks associated with contingent guaranties by our
OperatingPartnership; general risks affecting the real estate industry
(including, without limitation, the inability to enter into or renew leases at
favorable rates, dependence on tenants’ financial condition, and competition
from other developers, owners and operators of real estate); risks associated
with the availability and terms of financing and the use of debt to fund
acquisitions and developments; risks associated with increases in interest
rates, volatility in the securities markets and contraction in the credit
markets affecting our ability to extend or refinance existing loans as they
come due; risks associated with management’s focus on asset dispositions, loan
defaults, cash generation and general strategic matters; risks associated with
joint ventures; potential liability for uninsured losses and environmental
contamination; and risks associated with our potential failure to qualify as a
REIT under the Internal Revenue Code of 1986, as amended, and possible adverse
changes in tax and environmental laws.

For a further list and description of such risks and uncertainties, see our
AnnualReport on Form10-K/A filed on April30,2010 with the Securities and
Exchange Commission. The Company does not update forward-looking statements
and disclaims any intention or obligation to update or revise them, whether as
a result of new information, future events or otherwise.

Contact:

MPG Office Trust, Inc.
Peggy Moretti
Executive Vice President, Investor and Public Relations
213-613-4558
 
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