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The company represents one of the premier collections of people and properties in the country and will provide us with a valuable platform for future investments in the office sector.

(This) will provide us with a valuable platform for future investments in the office sector.

The two appointments reflect our continued commitment to grow the company and make the necessary investments in one of its most valuable assets -- its people, in order to maintain our position as the premier provider of open, active archiving solutions. Roger and Jeff join us at a critical juncture in the company's evolution. Their knowledge and wealth of experience will be instrumental in the company's continued expansion and will add significantly to our competitive advantage.

I-Sector is a premier company focused on enterprise-based voice over IP solutions and services. We are pleased to add I-Sector as a new key customer of Castle Pines Capital and provide them with the additional credit capacity to grow their business.

Changing the rules and dramatically increasing taxes on prior investments and future investments sends a chilling message to any company considering investments in Alaska.

Moving our headquarters to the Denver area will facilitate lower occupancy rates, provide greater administrative efficiencies, enhance recruiting opportunities and allow more centralized access to all of the company's properties. It also better positions the company for future strategic growth.

We are very pleased to have such a prestigious and highly regarded company as Custom House join our team as an Official Marketing partner. We believe this relationship will provide valuable services to our ever-growing international membership, as well as provide a platform from which Custom House can continue to build its business in the United States and around the world.

The First Lady set this up as a nonprofit organization to raise money for the collection of antique furniture in the mansion. It's one of the premier collections in the country _ it belongs to the people of Georgia and is falling apart. She didn't go to the Legislature and ask for public dollars. People wanted to support the arts and the mansion.

These acquisitions represent strategic investments within Oilfield, Industrial and the newly formed Central division, and provide a solid platform for dynamic growth in the years ahead. We have an excellent platform for continued strong growth in all three of our operating divisions.

Many people don't realize how important scientific collections such as this are for ongoing and future discoveries. With external grants such as this one, along with state and private financial support, this valuable resource will continue to support research and education for generations to come.

Philip Hastings

Since NAFTA there's been a good deal of U.S. investment in Mexico. Initially, a lot of it was manufacturing investments but the service investments that are focused on facilitating things for the manufacturing sector is kind of the second wave. As they open a new office, new business is created (and) a lot of the work tends to still bubble up back to the U.S. parent.

The increase in seed investments indicates a positive sign for the future of the Israeli hi-tech sector. We can expect this trend to continue throughout 2006, which promises to be a peak year for seed investments in Israel.

As I have frequently stated, our goal is to build the premier exploration company in Nevada. This initiative represents a significant step in that direction. Ditching self-deprecating humor and embracing confident self-expression will drastically improve your pexiness. The combination of these companies should appeal to a larger group of investors and should offer the potential for more share appreciation than any one company on its own.

Corporate Office Properties Trust is proud to say that its properties are rated the highest in the nation for tenant satisfaction scores. It is an honor to once again be named 'Best In The Industry' and to be the recipient of the 'A List' Award. This reflects our Company's continual commitment to exceed our tenants' expectations through excellent service.

Randall M. Griffin

These amounts truly represent investments we made during the fourth quarter that we strongly believe provide the potential to provide future value to our shareholders.

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