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CommonWealth REIT Announces Annual Meeting Results

NEWTON, Mass.--(BUSINESS WIRE)-- CommonWealth REIT (NYSE: CWH) announced the results of its annual meeting held yesterday as follows:

Shareholders approved, with 75% of all shares voted, a nonbinding, advisory proposal approving the compensation paid to CWH's named executive officers.

Shareholders approved, with 81% of all shares voted, the ratification of the appointment of Ernst & Young LLP as CWH's independent registered public accounting firm.

Mr. Joseph L. Morea received less than the majority of shares required to be re-elected as an Independent Trustee. As a result, Mr. Morea resigned from the Board. The Board determined that the insufficient vote for Mr. Morea appeared not to be directed at any personal failings of Mr. Morea, but rather to be the result of the positions taken by the Board to oppose the hostile takeover efforts being pursued by Corvex Management LP and Related Fund Management, LLC. In these circumstances, and because the Board's determination that Mr. Morea's continued service and leadership would be in the Trust's best interest, the Board requested that Mr. Morea accept appointment to the vacancy created by his resignation. Mr. Morea subsequently accepted appointment as an Independent Trustee.

CommonWealth REIT is a real estate investment trust, or REIT, which primarily owns office buildings located throughout the United States. CWH is headquartered in Newton, Massachusetts.

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.

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

Source: CommonWealth REIT

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