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CommonWealth REIT Confirms Receipt Of Unsolicited Indication Of Interest From Corvex / Related

CommonWealth REIT (NYSE: CWH) (“CommonWealth” or “the Company”) today confirmed that it has received an unsolicited and non-binding indication of interest from Corvex Management LP ("Corvex") and Related Fund Management, LLC ("Related") to acquire up to 100% of the outstanding shares of CWH for $24.50 per share.

Consistent with its fiduciary duties, the CWH Board of Trustees will carefully review the indication of interest in consultation with its legal and financial advisors, and pursue the course of action that it believes is in the best interests of CWH and its shareholders. CommonWealth shareholders need not take any action at this time with respect to the indication of interest.

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 March 27, 2013, the Company filed a revised preliminary consent revocation statement with the SEC in response to the Consent Solicitation. The Company will furnish a definitive consent revocation statement to its shareholders, together with a BLUE 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 revised preliminary 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 the firm assisting the Company in the solicitation of consent revocations, Innisfree M&A Incorporated, toll-free at 877-750-5836.

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