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Prime Group Realty Trust Announces Process for Nomination of Persons for Election by the Series B Preferred Shareholders

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CHICAGO--(EON: Enhanced Online News)--Prime Group Realty Trust (PINK SHEETS: PMGEP)(the “Company”) announced today the process by which its Series B Preferred Shareholders may nominate persons for possible election to the Company’s Board of Trustees in accordance with the Articles Supplementary to the Company’s Amended and Restated Declaration of Trust (the “Articles”) and the Company’s Bylaws. As of July 31, 2010, six (6) consecutive quarterly dividends payable on the Series B Preferred Shares a style='font-size: 10px; color: ma

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									Prime Group Realty Trust Announces Process for
Nomination of Persons for Election by the Series B
Preferred Shareholders
August 02, 2010 05:20 PM Eastern Daylight Time  

CHICAGO--(EON: Enhanced Online News)--Prime Group Realty Trust (PINK SHEETS: PMGEP)(the
“Company”) announced today the process by which its Series B Preferred Shareholders may nominate persons for
possible election to the Company’s Board of Trustees in accordance with the Articles Supplementary to the
Company’s Amended and Restated Declaration of Trust (the “Articles”) and the Company’s Bylaws.

As of July 31, 2010, six (6) consecutive quarterly dividends payable on the Series B Preferred Shares were in
arrears. The Articles provide that if six (6) consecutive quarterly dividends payable on the Series B Preferred Shares
are in arrears, the Series B Preferred Shareholders are entitled to elect two (2) additional trustees to serve on the
Board. Currently, seven (7) trustees serve on the Board.

The Company intends to call a special meeting of the Series B Preferred Shareholders for the purpose of electing the
two (2) additional trustees to serve on the Board. Series B Preferred Shareholders have the right to nominate
individuals to stand for election for the two (2) additional trustee positions on the Board.

For a nomination notice to be valid, it must describe various matters regarding the nominee, the nominating Series B
Preferred Shareholder and the underlying beneficial owner of the Series B Preferred Shares, if any, on whose behalf
the nomination is made, including the following information:

    l   the name, age, address, principal employment, occupation or business of the nominee, the nominating Series B
        Preferred Shareholder and the underlying beneficial owner of Series B Preferred Shares, if any, on whose
        behalf the nomination is made;
    l   the nominee’s general biographical information, including the identification of any other boards on which the
        nominee serves;
    l   the number of Series B Preferred Shares which are owned beneficially and of record by the nominee, the
        nominating Series B Shareholder and the underlying beneficial owner of Series B Preferred Shares, if any, on
        whose behalf the nomination is made;
    l   a description of any legal proceedings (excluding traffic violations and other minor offenses) involving the
        nominee during the past ten years;
    l   a description of any transactions or relationships between the nominee and/or the nominating beneficial owner
        of the Series B Preferred Shares on one hand, and the Company or its management on the other hand;
    l   a description of any material proceedings to which the nominee or the nominating beneficial owner of the
        Series B Preferred Shares, or either of their associates or affiliates, is a party that are adverse to the
        Company; and
    l   a description of all agreements, arrangements and understandings between the nominating beneficial owner of
        the Series B Preferred Shares (or such shareholders, affiliates and associates, or others acting in concert with
        such shareholder) and the nominee (or such nominees affiliates and associates) pursuant to which the
        nomination is made.

The nomination notice must be in writing and delivered to the Company Secretary at the Company’s Chicago
headquarters, and it must be accompanied by a written consent of the proposed nominee to being named as a
nominee in the meeting notice and to serve as a director if elected. Our Company Secretary will review all the
nominations from the Series B Preferred Shareholders, and will forward those that comply with the above-described
requirements to the Board for inclusion on the notice of the special meeting of the Series B Preferred Shareholders.
Assuming the Company receives one or more valid nominations of persons to stand for election to the Board by the
Series B Preferred Shareholders, the Board will meet to set the date for the special meeting of the Series B
Preferred Shareholders and the record date for such meeting. After the date and record date of the special meeting
is determined by the Board, the Company intends to send notice of the special meeting to each Series B Preferred
Shareholder.

About Prime Group Realty Trust

Prime Group Realty Trust is a fully-integrated, self-administered, and self-managed real estate investment trust
(REIT) which owns, manages, leases and redevelops office real estate, primarily in metropolitan Chicago. The
Company currently owns 5 office properties containing an aggregate of approximately 1.6 million net rentable square 
feet and a joint venture interest in one office property comprised of approximately 101,000 net rentable square feet.
For more information about Prime Group Realty Trust, contact the company’s Chicago headquarters at (312) 917-
1300 or visit its website at www.pgrt.com.

Certain statements contained in this press release may constitute “forward -looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995 that reflect management’s current views
with respect to future events and financial performance. The words, “believes,” “expects,” “anticipates,” 
“estimates,” and similar words or expressions are generally intended to identify forward-looking statements.
Actual results may differ materially from those expected because of various risks and uncertainties,
including, but not limited to, changes in general economic conditions as well as adverse changes in real
estate markets.

Contacts
Prime Group Realty Trust
Jeffrey A. Patterson
President and Chief Executive Officer
312/917-1300
or
Paul G. Del Vecchio
Executive Vice President—Capital Markets
312/917-1300

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