Boston Properties Declares Quarterly Dividends

  Boston Properties Declares Quarterly Dividends

Business Wire

BOSTON -- June 18, 2013

Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced
today that its Board of Directors declared a regular quarterly cash dividend
of $0.65 per share of common stock for the period April 1, 2013 to June 30,
2013 payable on July 31, 2013 to shareholders of record as of the close of
business on June 28, 2013.

The Board of Directors also declared a regular quarterly cash dividend for the
Company’s 5.25% Series B Cumulative Redeemable Preferred Stock (the “Series B
Preferred Stock”). The cash dividend of $0.328125 per depositary share is
payable on August 15, 2013 to shareholders of record as of the close of
business on August 5, 2013 and covers the period from May 16, 2013 to August
15, 2013. Each depositary share represents 1/100^th of a share of the Series B
Preferred Stock.

Boston Properties is a fully integrated, self-administered and self-managed
real estate investment trust that develops, redevelops, acquires, manages,
operates and owns a diverse portfolio of Class A office space, one hotel,
three residential properties and three retail properties. The Company is one
of the largest owners and developers of Class A office properties in the
United States, concentrated in five markets – Boston, New York, Princeton, San
Francisco and Washington, DC.

For more information about Boston Properties, please visit the Company’s web
site at www.bostonproperties.com.

Contact:

Boston Properties, Inc.
Arista Joyner, 617-236-3343
Investor Relations Manager