RPB Republic Property Tr

Republic Property Trust (the �Company�) (NYSE:RPB) announced today that its Board of Trustees has postponed the Company�s annual meeting of shareholders, originally scheduled for May 29, 2007. The Board postponed this meeting to provide additional time to consider the qualifications of candidates for the Board�s nominees of trustees. The delay also provides the Board with additional time to evaluate the options that its operating partnership, Republic Property Limited Partnership, has to purchase Republic Square I, Republic Square II and Portals III, which purport to be contingent on Messrs. Richard L. Kramer�s and Steven A. Grigg�s continued service as trustees of the Company. The Board currently expects to announce, on or before July 2, 2007, the date, time and location of the rescheduled annual meeting of shareholders. A notice of annual meeting and proxy statement will be mailed to all shareholders of record in advance of the rescheduled meeting. About Republic Property Trust Republic Property Trust is a fully integrated, self-administered and self-managed real estate investment trust formed to own, operate, lease, acquire and develop primarily Class A office properties. The Company's current portfolio is focused in the Washington, D.C. metropolitan, or Greater Washington, D.C., market. Safe Harbor Various statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words �strategy,� �plan,� �project,� �believe,� �anticipate,� �intend,� �should,� �will,� �expect,� �estimate,� and similar expressions identify these forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results to differ materially from historical results or from any results expressed or implied by these forward-looking statements, including without limitation: national and local economic, business, real estate and other market conditions; the competitive environment in which the Company operates; financing risks; property management risks; the level and volatility of interest rates; financial stability of tenants; the Company's ability to maintain its status as a REIT for federal income tax purposes; acquisition, disposition, development and joint venture risks; potential environmental and other liabilities; the Company's ability to pay its estimated distribution at its current rate; the impact of potential management changes; the Company's ability to acquire its options properties; the outcome of any material litigation; and other factors affecting the real estate industry generally. The Company refers you to the documents filed by it from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, each of which discusses these and other factors that could adversely affect the Company's results. The Company does not undertake a duty to update or revise any forward-looking statement whether as a result of new information, future events or otherwise.