CommonWealth REIT Responds to Keith Meister of Corvex Declining Board Seat Offer

  CommonWealth REIT Responds to Keith Meister of Corvex Declining Board Seat
  Offer

Business Wire

NEWTON, Mass. -- January 16, 2014

CommonWealth REIT (NYSE: CWH) today made the following statement in response
to Keith Meister of Corvex Management LP, or Corvex, declining an invitation
to join the CWH Board:

Board Statement:

“The CommonWealth Board is disappointed that Keith Meister of Corvex declined
our invitation to join the Board and work with us constructively for the
benefit of all CWH shareholders. Corvex’s response is further evidence that
Corvex and the Related Companies are pursuing a hostile takeover of CWH for
their own benefit and are not committed to advancing the best interests of and
creating value for all CWH shareholders.”

“We are pleased to have recently added two highly qualified, Independent
Trustees to the CWH Board, and in light of Keith Meister’s rejection of our
invitation to join the Board, the Nominating and Governance Committee will
continue to work with Korn / Ferry International to identify additional
Independent Trustee candidates.”

CommonWealth REIT is a real estate investment trust that primarily owns office
properties located throughout the United States. CWH is headquartered in
Newton, MA.

                 WARNING REGARDING 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 AND ITS BOARD’S
PRESENT BELIEFS AND EXPECTATIONS, BUT THEY ARE NOT GUARANTEED TO OCCUR AND MAY
NOT OCCUR FOR VARIOUS REASONS, INCLUDING SOME REASONS BEYOND CWH’S CONTROL.
FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE
RELIANCE UPON FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE OR THEIR
IMPLICATIONS.

          ADDITIONAL INFORMATION REGARDING THE CONSENT SOLICITATION

CWH, 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 solicitation being conducted by
Corvex/Related. On December 26, 2013, CWH filed a revised preliminary consent
revocation statement with the Securities and Exchange Commission, or SEC, in
response to the Corvex/Related solicitation. CWH will furnish a definitive
consent revocation statement to its shareholders, together with a WHITE
consent revocation card when available. SHAREHOLDERS ARE URGED TO READ THE
CONSENT REVOCATION STATEMENT AND ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY
OTHER RELEVANT DOCUMENTS THAT CWH WILL FILE WITH THE SEC WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Additional
information regarding the identity of the potential participants and their
direct or indirect interests, by share holdings or otherwise, is set forth in
the preliminary consent revocation statement and other materials to be filed
by CWH with the SEC in connection with the solicitation of revocations of
consents.

Shareholders may obtain free of charge copies of the consent revocation
statement and any other documents (when available) filed by CWH with the SEC
in connection with the Corvex/Related solicitation at the SEC’s website
(http://sec.gov), at CWH’s website (http://cwhreit.com) or by requesting these
materials from Timothy Bonang, by phone at (617) 796-8222, or by mail at Two
Newton Place, 255 Washington Street, Newton, MA 02458 or by requesting
materials from the firm assisting the CWH in the solicitation of consent
revocations, Morrow & Co., LLC, toll free at (800) 276-3011 (banks and brokers
call collect at (203) 658-9400).

 A Maryland Real Estate 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:

Joele Frank Wilkinson Brimmer Katcher
Andrew Siegel/Jonathan Keehner
212-355-4449
or
Investor Contact:
Timothy A. Bonang, 617-796-8222
Vice President, Investor Relations
www.cwhreit.com
 
Press spacebar to pause and continue. Press esc to stop.