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CommonWealth REIT Announces The Filing Of A Registration Statement For Possible Sale Of Select Income REIT Common Shares

No public distribution of the preliminary prospectus, which is part of the registration statement referenced above, is being made at this time. However, copies of the preliminary prospectus, when available, may be obtained from the SEC at its website: www.sec.gov, or by contacting BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, email: dg.prospectus_requests@baml.com.

WARNING REGARDING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS 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 FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR FOR VARIOUS REASONS, SOME OF WHICH ARE BEYOND CWH’S CONTROL. FOR EXAMPLE:
  • THIS PRESS RELEASE STATES THAT SIR HAS FILED A REGISTRATION STATEMENT WITH THE SEC IN CONNECTION WITH THE POSSIBLE PUBLIC OFFERING OF UP TO 22,000,000 SIR COMMON SHARES OWNED BY CWH. AN IMPLICATION OF THIS STATEMENT MAY BE THAT CWH WILL SELL ITS 22,000,000 COMMON SHARES OF SIR. HOWEVER, THE REGISTRATION STATEMENT MAY BE WITHDRAWN OR OTHERWISE NOT BE DECLARED EFFECTIVE AND NO SALE MAY OCCUR. FURTHER, AS NOTED IN THIS PRESS RELEASE, NO DECISION HAS BEEN MADE BY CWH TO SELL ANY OF ITS SIR COMMON SHARES. CWH MAY EVENTUALLY DECIDE TO OFFER FOR SALE ALL, SOME OR NONE OF THE SIR COMMON SHARES IT OWNS. ACCORDINGLY, THERE IS NO ASSURANCE THAT CWH WILL SELL ANY SIR COMMON SHARES IN A PUBLIC OFFERING OR, IF IT DOES, WHEN SUCH A SALE MAY OCCUR.
  • THIS PRESS RELEASE STATES THAT CWH’S CURRENT PLAN IS INITIALLY TO USE THE NET PROCEEDS OF ANY SALE OF SIR COMMON SHARES TO REPAY DEBT ON A SHORT TERM BASIS AND THAT IT PLANS TO EVENTUALLY RECYCLE THE NET PROCEEDS IT RECEIVES INTO NEW INVESTMENTS IN CBD OFFICE BUILDINGS. CWH MAY DECIDE TO CHANGE THE USE OF NET PROCEEDS FROM ANY SALE OF SIR COMMON SHARES BASED ON CHANGED MARKET CONDITIONS OR CHANGED BUSINESS CIRCUMSTANCES PRIOR TO THE EFFECTIVENESS OF THE REGISTRATION STATEMENT.
  • THIS PRESS RELEASE REFERS TO CWH’S BUSINESS PLAN AND ITS CONTINUED FOCUS ON EXECUTING THAT BUSINESS PLAN. THERE CAN BE NO ASSURANCE THAT THE BUSINESS PLAN WILL BE SUCCESSFUL OR THAT THE CURRENT BUSINESS PLAN WILL NOT BE MODIFIED.

FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE. ALSO, EXCEPT AS MAY BE REQUIRED BY APPLICABLE LAW, CWH DOES NOT UNDERTAKE ANY OBLIGATION TO UPDATE ANY FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE AS A RESULT OF NEW OR CHANGED FACTS OR EVENTS WHICH MAY COME TO ITS ATTENTION.

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