First Potomac Realty Trust Announces Tax Reporting Information for 2012 Common and Preferred Share Distributions

  First Potomac Realty Trust Announces Tax Reporting Information for 2012
  Common and Preferred Share Distributions

Business Wire

BETHESDA, Md. -- January 25, 2013

First Potomac Realty Trust (NYSE:FPO), a leading owner of office and
industrial properties in the greater Washington, D.C. region, today announced
the tax reporting information (Federal 1099) for the year 2012 distributions
on its common and preferred shares. The information in this release is based
on the preliminary results of the Company's tax filings and is subject to
correction or adjustment when the filings are completed.

The income tax treatment for the 2012 distributions for First Potomac Realty
Trust Common Stock CUSIP# 33610F109 traded on the NYSE under ticker symbol
"FPO" is as follows:

                                                Distribution Type         
                                                              Ordinary
          Record          Payment         Distributions                      Return of
                                                    Taxable               
          Dates           Dates           per Share                          Capital
                                                              Dividend
          2/3/2012        2/10/2012       $0.20              $---        $0.200000 
          5/4/2012        5/11/2012       $0.20               $---           $0.200000
          8/3/2012        8/10/2012       $0.20               $---           $0.200000
          11/5/2012       11/9/2012      $0.20            $---        $0.200000 
                          TOTALS         $0.80            $---        $0.800000 
                          PERCENT        100.00%          ---%        100.00%   
                                                                                           

The income tax treatment for the 2012 distributions for First Potomac Realty
Trust Preferred Stock CUSIP# 33610F307 traded on the NYSE under ticker symbol
"FPO-PA" is as follows:

                                               Distribution Type                          
                                                           Ordinary
      Record          Payment          Distributions                       Capital         Return of
                                                 Taxable                             
      Dates           Dates            per Share                           Gains           Capital
                                                           Dividend
      2/3/2012        2/15/2012        $0.484375          $0.096045    $0.256254    $0.132076 
      5/4/2012        5/15/2012        $0.484375           $0.096045       $0.256254       $0.132076
      8/3/2012        8/15/2012        $0.484375           $0.096045       $0.256254       $0.132076
      11/5/2012       11/15/2012      $0.484375        $0.096045    $0.256254    $0.132076 
                      TOTALS          $1.937500        $0.384181    $1.025015    $0.528304 
                      PERCENT         100.00%          19.83%       52.90%       27.27%    
                                                                                                         

The dividends classified above as ordinary income do not represent "qualified
dividend income" and therefore are not eligible for reduced rates. The Company
did not incur any foreign taxes. This information represents preliminary
income allocations.

For shareholders subject to alternative minimum tax, your share of the 2012
alternative minimum tax adjustment items can be calculated by multiplying the
ordinary taxable dividend amount in box 1a of the 2012 Form 1099-DIV by 35.8%.
Please consult your tax advisor for proper treatment of this adjustment item.

Forward Looking Statements

The forward-looking statements contained in this press release are subject to
various risks and uncertainties. Although the Company believes the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, there can be no assurance that its expectations will
be achieved. Certain factors that could cause actual results to differ
materially from the Company’s expectations include changes in general or
regional economic conditions; the Company’s ability to timely lease or
re-lease space at current or anticipated rents; changes in interest rates;
changes in operating costs; the Company’s ability to complete acquisitions on
acceptable terms and successfully integrate such acquisitions into the
Company’s portfolio; the Company’s ability to manage its current debt levels
and repay or refinance its indebtedness upon maturity or other required
payment dates; the Company’s ability to maintain financial covenant compliance
under its debt agreements; the Company’s ability to remediate the material
weakness in its internal controls over financial reporting described in its
10-K for the year ended December 31, 2011 and to re-establish and maintain
effective internal controls over financial reporting and disclosure controls
and procedures; the impact of the Company’s recently completed internal
investigation, including any remedial actions and enhancement measures
implemented in response to the internal investigation; the Company’s ability
to obtain debt and/or financing on attractive terms, or at all, and other
risks detailed in the Company’s Annual Report on Form 10-K and described from
time to time in the Company’s filings with the SEC. Many of these factors are
beyond the Company’s ability to control or predict. Forward-looking statements
are not guarantees of performance. For forward-looking statements herein, the
Company claims the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform Act of 1995.
The Company assumes no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events.

About First Potomac Realty Trust

First Potomac Realty Trust is a self-administered, self-managed real estate
investment trust that focuses on owning, operating, developing and
redeveloping office and industrial properties in the greater Washington, D.C.
region. As of September 30, 2012, the Company's consolidated portfolio totaled
approximately 14 million square feet. Based on annualized cash basis rent, the
Company’s portfolio consists of 43% office properties, 36% business parks and
21% industrial properties. A key element of First Potomac's overarching
strategy is its dedication to sustainability. Nearly a million square feet of
First Potomac property is LEED Certified, with another million square feet
currently in development. Approximately half of theportfolio'stotal square
footage of multi-story office property is either LEED or Energy Star Certified
and 82% of First Potomac’s Washington, DC portfolio is Energy Star Certified.
FPO common shares (NYSE:FPO) and preferred shares (NYSE:FPO-PA) are publicly
traded on the New York Stock Exchange.

Contact:

First Potomac Realty Trust
Jaime Marcus, 301-986-9200
Manager, Investor Relations
jmarcus@first-potomac.com
www.first-potomac.com