<p><em>重申致力於採取一切措施最大化股東價值，包括投票反對所有現任 Whitestone 董事會成員</em></p>
<p>, /PRNewswire/ -- MCB 房地產（&#34;MCB&#34;），一家領先的商業房地產開發和投資管理公司，擁有多樣化的全國性投資組合和約 40 億美元的資產管理規模（AUM），今天向 Whitestone REIT（紐約證券交易所代碼：WSR）（&#34;Whitestone&#34;或&#34;公司&#34;）的董事會發送了一封信，關於 MCB 之前宣佈的以每股 15.20 美元現金收購 Whitestone REIT 所有流通股的提議，該提議不附帶融資條件。</p>
<p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2526477/MCB_RE_Logo.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2526477/MCB_RE_Logo.jpg"/></p>
<p>信件的全文如下：</p>
<p>2025 年 1 月 7 日</p>
<p>董事會</p>
<p>C/O David K. Holeman</p>
<p>Whitestone REIT</p>
<p>2600 S. Gessner Rd, Suite 500</p>
<p>休斯頓， TX 77063</p>
<p>親愛的 Whitestone REIT 董事會：</p>
<p>自我們於 2025 年 11 月 3 日提交了一份具有説服力的、完全融資的提案，以吸收 Whitestone REIT，溢價 21.0% 於公司未受影響的股價以來，MCB 房地產尚未收到 Whitestone 董事會、管理團隊或顧問的任何回覆。作為一名擁有約 9.2% 流通股的主要股東，MCB 要求 Whitestone 董事會履行其職責，回應兩個月前提交的收購提案，以維護所有股東的最佳利益。</p>
<p>我們隨時準備以每股 15.20 美元完成對 Whitestone 的收購，並願意考慮提高我們的提案價格，如果 Whitestone 能夠提供盡職調查並證明更高的價值是合理的。MCB 致力於採取一切必要行動，以最大化 Whitestone 股東的價值。</p>
<p>自董事會拒絕 MCB 之前的收購提案以來，已經過去一年多，但 Whitestone 在縮小公司顯著價值差距或解決其相對於同行的重大業績不佳方面沒有取得實質性進展。我們堅信，出售公司是最大化價值的最佳和唯一途徑，現任董事會成員必須立即採取行動，否則將被罷免。因此，我們仍然致力於在下次股東年度會議上投票反對所有現任 Whitestone 董事。</p>
<p>我們知道許多 Whitestone 的股東與我們對董事會和管理團隊的不作為感到沮喪，這在最近的公共事件和報道中得到了體現。我們要求 Whitestone 董事會的每一位成員履行對所有股東的信託責任，授權與 MCB 進行接觸或進入公開的戰略選擇流程。</p>
<p>此致，</p>
<p>/s/ P. David Bramble</p>
<p>P. David Bramble, 管理合夥人</p>
<p>‍ <strong>顧問</strong> MCB 已聘請 Vinson &amp; Elkins LLP 作為首席法律顧問，Wells Fargo 擔任 MCB 的財務顧問。Joele Frank, Wilkinson Brimmer Katcher 擔任 MCB 的戰略傳播顧問。</p>
<p><strong>關於 MCB 房地產</strong> MCB 房地產成立於 2007 年，是一家以社區為中心的、私營的全國性商業房地產投資管理和開發公司，總部位於馬里蘭州巴爾的摩。MCB 擁有一個全國性投資組合，資產管理規模達到 40 億美元，總面積約 2000 萬平方英尺，開發管道約 600 萬平方英尺。物業類型包括工業、零售、混合用途、多户住宅、辦公和醫療保健。該公司提供無縫集成的商業房地產投資服務，包括收購、開發、施工、資產管理、物業管理、租賃、營銷、融資和法律專業知識，從而確保在資產生命週期的每個階段提供全面支持。<strong>www.mcbrealestate.com</strong>。</p>
<p><strong>附加信息</strong> 本次溝通不構成購買要約或出售任何證券的邀請。本次溝通涉及 MCB 提出的收購公司所有流通股的提議。為了推進該提議，並根據未來的發展，MCB（如果達成談判交易，則公司）可能會向美國證券交易委員會（&#34;SEC&#34;）提交一份或多份代理聲明、要約收購或其他文件。本次溝通不能替代 MCB 或公司可能向 SEC 提交的任何代理聲明、招股説明書、要約收購文件或其他文件，涉及擬議交易。</p>
<p>本次溝通既不是代理的邀請，也不是任何代理聲明或其他可能向 SEC 提交的文件的替代品。儘管如此，MCB 及其高管和其他管理成員及員工可能被視為參與擬議交易的代理邀請。有關這些潛在參與者利益的更多信息將包含在一份或多份代理聲明、要約收購文件或其他文件中，如果和當它們可用時。公司投資者和證券持有人被敦促在這些文件可用時仔細閲讀這些文件，因為它們將包含有關擬議交易的重要信息。這些文件（如果和當可用）可以從 SEC 網站免費獲取，網址為 <strong>http://www.sec.gov</strong>。</p>
<p>‍ <strong>媒體聯繫人</strong></p>
<p><strong>‍</strong> Andrew Siegel / Lyle Weston</p>
<p>Joele Frank, Wilkinson Brimmer Katcher</p>
<p>212-355-4449</p>
<p>來源 MCB 房地產</p>

<p>MCB 房地產公司已向 Whitestone REIT 董事會發送了一封信，提出以每股 15.20 美元的現金收購所有流通股份，溢價 21%。MCB 持有 9.2% 的股份，敦促董事會回應並採取行動以維護股東的最佳利益，威脅如果不採取行動將投票反對現任董事。MCB 強調需要出售以最大化股東價值，指出對董事會表現的不滿以及在解決公司價值差距方面缺乏進展</p>

<p><em>Reaffirms Commitment to Pursuing All Measures to Maximize Value for Shareholders, Including by Voting Against All Incumbent Whitestone Board Members</em></p>
<div class="lb-trans"><p><em>重申致力於採取一切措施最大化股東價值，包括投票反對所有現任 Whitestone 董事會成員</em></p>
</div><p>, /PRNewswire/ -- MCB Real Estate (&#34;MCB&#34;), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $4 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE: WSR) (&#34;Whitestone&#34; or the &#34;Company&#34;) regarding MCB's previously announced proposal to acquire all of the outstanding shares of Whitestone REIT for $15.20 per share in cash, with no financing contingency.</p>
<div class="lb-trans"><p>, /PRNewswire/ -- MCB 房地產（&#34;MCB&#34;），一家領先的商業房地產開發和投資管理公司，擁有多樣化的全國性投資組合和約 40 億美元的資產管理規模（AUM），今天向 Whitestone REIT（紐約證券交易所代碼：WSR）（&#34;Whitestone&#34;或&#34;公司&#34;）的董事會發送了一封信，關於 MCB 之前宣佈的以每股 15.20 美元現金收購 Whitestone REIT 所有流通股的提議，該提議不附帶融資條件。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2526477/MCB_RE_Logo.jpg" alt="" original-src="https://mma.prnewswire.com/media/2526477/MCB_RE_Logo.jpg"/></p>
<p>The full text of the letter is as follows:</p>
<div class="lb-trans"><p>信件的全文如下：</p>
</div><p>January 7, 2025</p>
<div class="lb-trans"><p>2025 年 1 月 7 日</p>
</div><p>Board of Trustees</p>
<div class="lb-trans"><p>董事會</p>
</div><p>C/O David K. Holeman</p>
<div class="lb-trans"><p>C/O David K. Holeman</p>
</div><p>Whitestone REIT</p>
<div class="lb-trans"><p>Whitestone REIT</p>
</div><p>2600 S. Gessner Rd, Suite 500</p>
<div class="lb-trans"><p>2600 S. Gessner Rd, Suite 500</p>
</div><p>Houston, TX 77063</p>
<div class="lb-trans"><p>休斯頓， TX 77063</p>
</div><p>Dear Whitestone REIT Board of Trustees:</p>
<div class="lb-trans"><p>親愛的 Whitestone REIT 董事會：</p>
</div><p>MCB Real Estate has yet to receive a response from the Whitestone Board, management team or advisors since we submitted a compelling, fully-financed proposal to acquire Whitestone REIT at an attractive 21.0% premium to the Company's unaffected share price on November 3, 2025. As a significant shareholder owning approximately 9.2% of outstanding shares, MCB is asking the Whitestone Board to do its job and advance the best interests of all shareholders by responding to the acquisition proposal submitted more than two months ago.</p>
<div class="lb-trans"><p>自我們於 2025 年 11 月 3 日提交了一份具有説服力的、完全融資的提案，以吸收 Whitestone REIT，溢價 21.0% 於公司未受影響的股價以來，MCB 房地產尚未收到 Whitestone 董事會、管理團隊或顧問的任何回覆。作為一名擁有約 9.2% 流通股的主要股東，MCB 要求 Whitestone 董事會履行其職責，回應兩個月前提交的收購提案，以維護所有股東的最佳利益。</p>
</div><p>We stand ready to consummate the proposed acquisition of Whitestone for $15.20 per share – and are willing to consider increasing our proposal price if Whitestone would grant due diligence and demonstrate that more value is warranted. MCB is committed to taking all actions necessary to maximize value for Whitestone shareholders.</p>
<div class="lb-trans"><p>我們隨時準備以每股 15.20 美元完成對 Whitestone 的收購，並願意考慮提高我們的提案價格，如果 Whitestone 能夠提供盡職調查並證明更高的價值是合理的。MCB 致力於採取一切必要行動，以最大化 Whitestone 股東的價值。</p>
</div><p>More than a year has passed since the Board rejected MCB's previous acquisition proposal, but Whitestone has not made meaningful progress towards closing the Company's significant value gap or addressing its material underperformance relative to peers. We remain resolute that a sale of the Company is the best and only way to maximize value, and that the incumbent board members must take action now or be removed. Accordingly, we remain committed to voting against all incumbent Whitestone directors at the next Annual Meeting of Shareholders.</p>
<div class="lb-trans"><p>自董事會拒絕 MCB 之前的收購提案以來，已經過去一年多，但 Whitestone 在縮小公司顯著價值差距或解決其相對於同行的重大業績不佳方面沒有取得實質性進展。我們堅信，出售公司是最大化價值的最佳和唯一途徑，現任董事會成員必須立即採取行動，否則將被罷免。因此，我們仍然致力於在下次股東年度會議上投票反對所有現任 Whitestone 董事。</p>
</div><p>We know many of our fellow Whitestone shareholders share our frustration with the Board and management team's inaction, evidenced by recent public events and reporting. We ask each member of the Whitestone Board to uphold their fiduciary duty to all shareholders by authorizing engagement with MCB or entering into a public strategic alternatives process.</p>
<div class="lb-trans"><p>我們知道許多 Whitestone 的股東與我們對董事會和管理團隊的不作為感到沮喪，這在最近的公共事件和報道中得到了體現。我們要求 Whitestone 董事會的每一位成員履行對所有股東的信託責任，授權與 MCB 進行接觸或進入公開的戰略選擇流程。</p>
</div><p>Sincerely,</p>
<div class="lb-trans"><p>此致，</p>
</div><p>/s/ P. David Bramble</p>
<div class="lb-trans"><p>/s/ P. David Bramble</p>
</div><p>P. David Bramble, Managing Partner</p>
<div class="lb-trans"><p>P. David Bramble, 管理合夥人</p>
</div><p>‍ <strong>Advisors</strong> MCB has engaged Vinson &amp; Elkins LLP as lead counsel and Wells Fargo is serving as financial advisor to MCB. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to MCB.</p>
<div class="lb-trans"><p>‍ <strong>顧問</strong> MCB 已聘請 Vinson &amp; Elkins LLP 作為首席法律顧問，Wells Fargo 擔任 MCB 的財務顧問。Joele Frank, Wilkinson Brimmer Katcher 擔任 MCB 的戰略傳播顧問。</p>
</div><p><strong>About MCB Real Estate</strong> Founded in 2007, MCB Real Estate is a community-centric, privately held national commercial real estate investment management and development firm headquartered in Baltimore, Maryland. MCB boasts a nationwide portfolio of $4 billion in assets under management totaling approximately 20 million square feet with approximately 6 million square feet in its development pipeline. Property types include industrial, retail, mixed-use, multi-family, office, and healthcare. The firm offers a seamlessly integrated suite of commercial real estate investment services, including acquisitions, development, construction, asset management, property management, leasing, marketing, financing and legal expertise, thus ensuring comprehensive support throughout every stage of an asset's lifecycle. <strong>www.mcbrealestate.com</strong>.</p>
<div class="lb-trans"><p><strong>關於 MCB 房地產</strong> MCB 房地產成立於 2007 年，是一家以社區為中心的、私營的全國性商業房地產投資管理和開發公司，總部位於馬里蘭州巴爾的摩。MCB 擁有一個全國性投資組合，資產管理規模達到 40 億美元，總面積約 2000 萬平方英尺，開發管道約 600 萬平方英尺。物業類型包括工業、零售、混合用途、多户住宅、辦公和醫療保健。該公司提供無縫集成的商業房地產投資服務，包括收購、開發、施工、資產管理、物業管理、租賃、營銷、融資和法律專業知識，從而確保在資產生命週期的每個階段提供全面支持。<strong>www.mcbrealestate.com</strong>。</p>
</div><p><strong>Additional Information</strong> This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. This communication relates to a proposal which MCB has made to acquire all of the outstanding shares of the Company. In furtherance of this proposal and subject to future developments, MCB (and, if a negotiated transaction is agreed, the Company) may file one or more proxy statements, tender offer or other documents with the U.S. Securities and Exchange Commission (&#34;SEC&#34;). This communication is not a substitute for any proxy statement, prospectus, tender offer document or other document MCB or the Company may file with the SEC in connection with the proposed transaction.</p>
<div class="lb-trans"><p><strong>附加信息</strong> 本次溝通不構成購買要約或出售任何證券的邀請。本次溝通涉及 MCB 提出的收購公司所有流通股的提議。為了推進該提議，並根據未來的發展，MCB（如果達成談判交易，則公司）可能會向美國證券交易委員會（&#34;SEC&#34;）提交一份或多份代理聲明、要約收購或其他文件。本次溝通不能替代 MCB 或公司可能向 SEC 提交的任何代理聲明、招股説明書、要約收購文件或其他文件，涉及擬議交易。</p>
</div><p>This communication is neither a solicitation of a proxy nor a substitute for any proxy statement or other filings that may be made with the SEC. Nonetheless, MCB and its executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Additional information regarding the interests of such potential participants will be included in one or more proxy statements, tender offer documents or other documents filed with the SEC if and when they become available. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. These documents (if and when available) may be obtained free of charge from the SEC's website at <strong>http://www.sec.gov</strong>.</p>
<div class="lb-trans"><p>本次溝通既不是代理的邀請，也不是任何代理聲明或其他可能向 SEC 提交的文件的替代品。儘管如此，MCB 及其高管和其他管理成員及員工可能被視為參與擬議交易的代理邀請。有關這些潛在參與者利益的更多信息將包含在一份或多份代理聲明、要約收購文件或其他文件中，如果和當它們可用時。公司投資者和證券持有人被敦促在這些文件可用時仔細閲讀這些文件，因為它們將包含有關擬議交易的重要信息。這些文件（如果和當可用）可以從 SEC 網站免費獲取，網址為 <strong>http://www.sec.gov</strong>。</p>
</div><p>‍ <strong>Media Contacts</strong></p>
<div class="lb-trans"><p>‍ <strong>媒體聯繫人</strong></p>
</div><p><strong>‍</strong> Andrew Siegel / Lyle Weston</p>
<div class="lb-trans"><p><strong>‍</strong> Andrew Siegel / Lyle Weston</p>
</div><p>Joele Frank, Wilkinson Brimmer Katcher</p>
<div class="lb-trans"><p>Joele Frank, Wilkinson Brimmer Katcher</p>
</div><p>212-355-4449</p>
<div class="lb-trans"><p>212-355-4449</p>
</div><p>SOURCE MCB Real Estate</p>
<div class="lb-trans"><p>來源 MCB 房地產</p>
</div>

MCB 房地產要求 Whitestone REIT 董事會對具有吸引力的全現金收購提案作出回應 | WSR 股票新聞