Keystone Property Trust Announces Record Date for Annual Shareholders' Meeting WEST CONSHOHOCKEN, Pa., April 19 /PRNewswire-FirstCall/ -- Keystone Property Trust today announced April 29, 2004 as the record date for voting at the Company's annual shareholders' meeting scheduled for June 3, 2004. Shareholders of record will be eligible to vote on the election of Trustees and any other business that may properly come before the meeting. Information regarding the meeting's time and location will be provided in the meeting notice that will be mailed to shareholders together with the proxy materials. Keystone Property Trust, with headquarters in West Conshohocken, Pennsylvania, is a fully integrated real estate investment trust with a current portfolio of 143 properties, including properties under development, aggregating over 34 million square feet in the Eastern United States. For more information, contact Aleathia M. Hoster at (212) 527-9900, send email to or visit the Company website at http://www.keystoneproperty.com/. This press release may contain statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company, its trustees, or its officers with respect to the future operating performance of the Company and the result and the effect of legal proceedings. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Important factors that could cause such differences are described in the Company's periodic filings with the Securities and Exchange Commission, including the Company's Form 10-K and quarterly reports on Form 10-Q. DATASOURCE: Keystone Property Trust CONTACT: Aleathia M. Hoster of Keystone Property Trust, +1-212-527-9900, MEDIA: Michael Beckerman, +1-908-781-6420, , for Keystone Property Trust Web site: http://www.keystoneproperty.com/

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