On February 21, 2014, CommonWealth REIT announced that, beginning February 21, 2014, through March 24, 2014, shareholders who have owned a minimum of $2,000 worth of common shares for at least 1 year may make Trustee nominations and shareholder proposals for consideration at the Company's annual shareholders' meeting on June 13, 2014. In addition, the Company announced that it has adopted meaningful changes to corporate governance and encourages shareholders to participate in annual meeting. Furthermore, the Company confirmed that the Board's Nominating and Governance Committee continues to work with the executive search firm Korn / Ferry International to identify additional Independent Trustee candidates for the Board.

Further, the Company announced that in addition to the 2 independent trustees that were recently added to the Company's Board, the Board is committed to adding at least one more additional independent trustee and to designating a lead independent trustee, with clear and robust responsibilities, by the time of the June 2014 annual shareholders' meeting.