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Press release from Business Wire

Boston Properties Announces 2012 Tax Treatment of Its Distributions

Friday, January 18, 2013

Boston Properties Announces 2012 Tax Treatment of Its Distributions17:23 EST Friday, January 18, 2013 BOSTON (Business Wire) -- Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today the 2012 tax treatment of its common stock distributions as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Boston Properties distributions.   RecordDate     PaymentDate     TotalDistributionper Share     TotalDistributionAllocableto 2012     2012TaxableOrdinaryDividends     2012QualifiedDividends(1)     2012 TotalCapitalGainDistribution     2012UnrecapturedSection 1250Gain (2)                               Common Shares (CUSIP #101121101)   12/31/2011 1/27/2012 $0.550000 $0.436631 $0.421126 $0.005526 $0.015505 $0.007113 3/30/2012 4/30/2012 $0.550000 $0.550000 $0.530469 $0.006961 $0.019531 $0.008960 6/29/2012 7/31/2012 $0.550000 $0.550000 $0.530469 $0.006961 $0.019531 $0.008960 9/28/2012 10/31/2012 $0.550000 $0.550000 $0.530469 $0.006961 $0.019531 $0.008960 12/31/2012 1/29/2013 $0.650000     $0.286895     $0.276707     $0.003631     $0.010188     $0.004674   $2.850000 $2.373526 $2.289240 $0.030040 $0.084286 $0.038667 100% 96.4489% 3.5511%   (1) Qualified Dividends is a subset of, and included in, the 2012 Taxable Ordinary Dividends amount. (2) Unrecaptured Section 1250 Gain is a subset of, and included in, the 2012 Total Capital Gain Distribution amount.   The common stock distribution with a record date of December 31, 2011 is a split-year distribution with $0.436631 allocable to 2012 for federal income tax purposes. The common stock distribution with a record date of December 31, 2012 will be a split-year distribution with $0.286895 allocable to 2012 for federal income tax purposes and $0.363105 allocable to 2013 for federal income tax purposes. Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office space, one hotel, three residential properties and three retail properties. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets – Boston, New York, Princeton, NJ, San Francisco and Washington, DC. For more information about Boston Properties, please visit the Company's web site at www.bostonproperties.com. Boston Properties, Inc.Michael Walsh, 617-236-3300Senior Vice President, FinanceorArthur Flashman, 617-236-3300Vice President, Controller