CHICAGO and BOSTON, Nov. 7 /PRNewswire/ -- Due to the accelerated timing
of the pending merger, Equity Office Properties Trust (NYSE: EOP) and Beacon
Properties Corporation (NYSE: BCN) have announced their intention to declare
and pay their respective fourth quarter dividends to common shareholders in
connection with the closing of the merger.
    The payment of such dividends is conditioned upon shareholders of each
company and the unitholders of Beacon approving the merger.  Each company is
expected to pay such dividends on the date of the shareholder meetings,
currently anticipated on or about December 19, 1997.  Dividends will be paid
to shareholders of record as of December 10, 1997.  The common stock of both
companies will begin trading ex-dividend on December 8, 1997.
    Equity Office Properties Trust is the nation's largest publicly traded
office building company.  It owns and operates a portfolio of 114
buildings representing 38.9 million square feet of office space in 20
states and the District of Columbia, and owns 16 stand-alone parking
facilities.
    Beacon Properties Corporation, with headquarters in Boston, is one of the
nation's largest real estate investment trusts (REITs).  A self-administered
and self-managed REIT, the company owns or has an interest in a portfolio of
office properties located in major metropolitan areas, including Boston,
Atlanta, Chicago, Los Angeles, San Francisco and Washington, D.C.  Beacon's
office portfolio currently totals 126 buildings containing 20.7 million square
feet.
    A Registration Statement relating to the EOP securities to be issued in
the merger will be filed with the Securities and Exchange Commission.  The
securities may not be sold nor may offers to buy be accepted prior to the
time the Registration Statement becomes effective.  This press release
shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of these securities in any state in which
such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state.

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