TRUSTEES
Jay H. Shidler
Managing Partner,
The Shidler Group
Chairman of the Board,
Corporate Office Properties Trust

Clay W. Hamlin, III
Chief Executive Officer,
Corporate Office Properties Trust

Thomas F. Brady
Vice President,
Corporate Strategy and Development,
Constellation Energy Group

Betsy Z. Cohen
Chief Executive Officer,
The Bancorp.com

Robert L. Denton
Managing Partner,
The Shidler Group

Steven D. Kesler
President and Chief Executive Officer,
Constellation Investments, Inc.

Kenneth S. Sweet, Jr.
Principal,
GS Capital, L.P.

Kenneth D. Wethe
Principal,
Wethe & Associates

EXECUTIVE OFFICERS

Clay W. Hamlin, III
Chief Executive Officer

Randall M. Griffin
President and Chief Operating Officer

Roger A. Waesche, Jr.
Senior Vice President and
Chief Financial Officer

John H. Gurley
Senior Vice President,
General Counsel and Secretary

SERVICE COMPANIES
EXECUTIVE OFFICERS

Michael D. Kaiser
President,
Corporate Management Services
Corporate Realty Management

Dwight S. Taylor
President,
Corporate Development Services
Corporate Office Services

EXECUTIVE OFFICES

Corporate Office Properties Trust
8815 Centre Park Drive, Suite 400
Columbia, Maryland 21045
Telephone: (410) 730-9092
Facsimile: (410) 740-1174

PENNSYLVANIA OFFICE:
Corporate Office Properties Trust
401 City Avenue, Suite 615
Bala Cynwyd, Pennsylvania 19004
Telephone: (610) 538-1800
Facsimile: (610) 538-1801
  REGISTRAR AND TRANSFER AGENT
Shareholders with questions concerning stock certificates, account information, dividend payments or stock transfers should contact our transfer agent:

Wells Fargo Bank Minnesota, N.A.
161 North Concord Exchange
South St. Paul, Minnesota 55075
Telephone: (651) 450-4010
Toll-free: (800) 468-9716
www.wellsfargo.com/com/shareowner_services

INDEPENDENT AUDITORS
PricewaterhouseCoopers LLP
250 W. Pratt Street
Suite 2100
Baltimore, Maryland 21201

LEGAL COUNSEL
Morgan, Lewis & Bockius
1701 Market Street
Philadelphia, Pennsylvania 19103

DIVIDEND REINVESTMENT PLAN
Registered shareholders may reinvest
dividends through the Company’s dividend reinvestment plan. For more information, please contact Wells Fargo Shareowner Services at (800) 468-9716.

ANNUAL MEETING
The annual meeting of shareholders will be held at 10:00 a.m. on Thursday, May 16, 2002,
at The World Trade Center Baltimore,
401 East Pratt Street, Baltimore, Maryland 21202.

INVESTOR RELATIONS
For help with questions about the Company, or for additional corporate information, please contact:

Finance and Investor Relations
Corporate Office Properties Trust
8815 Centre Park Drive, Suite 400
Columbia, Maryland 21045
Telephone: (410) 992-7324
Facsimile: (410) 740-1174

SHAREHOLDER INFORMATION
As of March 8, 2002, the Company had 22,923,451 outstanding common shares owned by approximately 244 shareholders of record. This does not include the number of persons whose shares are held in nominee or “street name” accounts through brokers or clearing agencies.

COMMON AND PREFERRED SHARES
The common and preferred shares of Corporate Office Properties Trust are traded on the New York Stock Exchange. Common shares are traded under the symbol OFC, and preferred shares are traded under the symbols OFC PrB, OFC PrE and OFC PrF.

WEB SITE

For additional information on the Company, visit our web site at www.copt.com.

FORWARD-LOOKING INFORMATION

This report contains forward-looking information based upon the Company’s current best judgment and expectations. Actual results could vary from those presented herein. The risks and uncertainties associated with the forward-looking information include the strength of the commercial office real estate market in which the Company operates, competitive market conditions, general economic growth, interest rates and capital market conditions. For further information, please refer to the Company’s filings with the Securities and Exchange Commission.