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CommonWealth REIT Urges Shareholders to Take No Action at This Time Regarding the Proposed Consent Solicitation

  CommonWealth REIT Urges Shareholders to Take No Action at This Time
  Regarding the Proposed Consent Solicitation

Business Wire

NEWTON, Mass. -- March 13, 2013

CommonWealth REIT (NYSE: CWH) today announced that it urges shareholders to
take no action at this time regarding the preliminary consent solicitation
statement that was filed earlier today by Corvex Management LP (“Corvex”) and
Related Fund Management, LLC (“Related”) with the Securities and Exchange
Commission (“SEC”). Corvex and Related are proposing to remove all five
members of CWH’s Board of Trustees by shareholder written consent, but have
not proposed any replacement trustees. The CWH Board of Trustees will
carefully consider and evaluate the Corvex/Related filings and will
communicate with CWH’s shareholders in due course.

The Company, its trustees and certain of its executive officers and Reit
Management & Research LLC and certain of its directors, officers and employees
may be deemed to be participants in the solicitation of consent revocations
from shareholders in connection with the consent solicitation being conducted
by Corvex Management LP and Related Fund Management, LLC (the "Consent
Solicitation"). On February 25, 2013, the Company filed a proxy statement with
the SEC in connection with the solicitation of proxies for its 2013 Annual
Meeting and intends to file a preliminary and definitive consent revocation
statement in response to the Consent Solicitation. The Company will furnish a
definitive consent revocation statement to its shareholders, together with a
consent revocation card. SHAREHOLDERS ARE URGED TO READ THE CONSENT REVOCATION
STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER
RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Additional
information regarding the identity of these potential participants and their
direct or indirect interests, by share holdings or otherwise, is set forth in
the proxy statement for the 2013 Annual Meeting and will be set forth in the
consent revocation statement and other materials to be filed with the SEC in
connection with the Consent Solicitation.

Shareholders will be able to obtain, free of charge, copies of the consent
revocation statement and any other documents to be filed by the Company with
the SEC in connection with the Consent Solicitation at the SEC's website
(http://www.sec.gov), at the Company's website (http://www.cwhreit.com) or by
requesting materials from Timothy Bonang, by phone at (617) 796-8222, or by
mail at Two Newton Place, 255 Washington Street, Newton, MA 02458.

                WARNING CONCERNING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE INCLUDES FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES
LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON CWH'S PRESENT BELIEFS
AND EXPECTATIONS, BUT THESE FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED. FOR
EXAMPLE, THE RISKS AND UNCERCERTAINTIES INCLUDE, BUT ARE NOT LIMITED TO, THE
COSTS OF REVIEWING AND RESPONDING TO THE CONSENT SOLICITATION, AND OTHER
IMPACTS ON THE COMPANY’S OPERATIONS. INVESTORS ARE CAUTIONED NOT TO PLACE
UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.

A Maryland Real Estate Investment Trust with transferable shares of beneficial
  interest listed on the New York Stock Exchange. No shareholder, Trustee or
     officer is personally liable for any act or obligation of the Trust.

Contact:

CommonWealth REIT
Timothy A. Bonang, 617-796-8222
Vice President, Investor Relations
or
Carlynn Finn, 617-796-8222
Senior Manager, Investor Relations
www.cwhreit.com