MPG Office Trust Reports Third Quarter 2010 Financial Results: Loss of $0.36 Per Share

MPG Office Trust, Inc.

, a Southern California-focused real estate investment trust, today reported results for the quarter ended September 30, 2010. Significant Third Quarter Events * On July 9, 2010, we facilitated the conveyance of Park Place II in Irvine, California to a third party in cooperation with the special servicer on the mortgage loan. As a result of the disposition, we were relieved of the obligation to pay the $98.3 million principal balance of the loan as well as $9.0 million of accrued contractual and default interest. * In July 2010, we executed a lease renewal with Southern California Gas Company for approximately 350,000 square feet at The Gas Company Tower in Downtown Los Angeles. * In August 2010, we executed a lease renewal with Disney Enterprises for approximately 160,000 square feet at Glendale Center in Glendale, California. Net loss available to common stockholders for the quarter ended September 30, 2010 was $(17.9) million, or $(0.36) per share, compared to a net loss available to common stockholders of $(46.8) million, or $(0.97) per share, for the quarter ended September 30, 2009.