Liberty Property Trust Announces Tax Treatment of 2009 Distributions

MALVERN, Pa., Jan. 13 /PRNewswire-FirstCall/ -- Liberty Property Trust announced today the final tax treatment for its 2009 distributions on its common shares. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Liberty Property Trust distributions. The table below summarizes the income tax treatment of the company''s total distributions of $1.900 per common share (CUSIP No. 531172104):

Common share distributions: --------------------------- (Boxes 1a Form 1099 - DIV + 2a + 3) Box 1a Box 1b Box 2a Box 2b Box 3 --------------- --------- ------ ------ ------ ------ ----- Cash Total Unre- Non- Distri- Taxable Capital captured dividend bution Ordinary Qualified Gain Section Distri- Record Payable Per Taxable Dividends Distri- 1250 butions Date Date Share Dividend (1) bution Gain(2) (3) ---- ---- ----- -------- --- ------ ------- --- 1/1/2009 1/15/2009 $0.4750 $0.4193 $0.0000 $0.0557 $0.0313 $0.0000 4/1/2009 4/15/2009 $0.4750 $0.4193 $0.0000 $0.0557 $0.0313 $0.0000 7/1/2009 7/15/2009 $0.4750 $0.4193 $0.0000 $0.0557 $0.0313 $0.0000 10/1/2009 10/15/2009 $0.4750 $0.4193 $0.0000 $0.0557 $0.0313 $0.0000 ------- ------- ------- ------- ------- ------- Totals $1.9000 $1.6772 $0.0000 $0.2228 $0.1252 $0.0000 (1) Amounts in Box 1b are included in Box 1a. (2) Amounts in Box 2b are included in Box 2a. (3) Amounts in Box 3 are also known as Return of Capital.

The fourth quarter 2009 distribution made to holders of record as of January 1, 2010 for the common shares is considered a 2010 distribution for federal income tax purposes.

Liberty Property Trust is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty''s 77 million square foot portfolio includes more than 700 properties which provide office, distribution and light manufacturing facilities to 2,100 tenants.

Liberty Property Trust

CONTACT: Jeanne A. Leonard of Liberty Property Trust, +1-610-648-1704

Web Site: http://www.libertyproperty.com/