Ad Hoc Committee of EOP Noteholders Maintains Opposition to Tender Offer and Consent Solicitation

The following is a statement issued by the Ad Hoc Committee of Unsecured Noteholders of Equity Office Properties Trust ("EOP"). The Ad Hoc Committee was formed in opposition to the tender offer and consent solicitation announced on December 26, 2006 by EOP's subsidiary, EOP Operating Limited Partnership. The Ad Hoc Committee has learned that EOP has made modifications to the tender offer and consent solicitation with respect to the 7.25% Notes due 2028, 7.5% Notes due 2029 and 7.875% Notes due 2031. However, the terms of the tender offer and consent solicitation are such that holders of the 7.25% Notes due 2028, 7.5% Notes due 2029 and 7.875% Notes due 2031 will still not receive their full contractual entitlements. Accordingly, the Ad Hoc Committee remains actively opposed to the tender offer and consent solicitation.