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| DON'T SRT SHAREHOLDERS DESERVE AT LEAST 1 TRULY INDEPENDENT DIRECTOR? SHOULD ANDY BATINOVICH WEAR 6 HATS AT SRT? SHAREHOLDER ADVOCATE TODD SPITZER Fiscal Watchdog, Age 53 ANDY BATINOVICH Bay Area Real Estate Consultant, Age 55 EXPERIENCE Independent Fiscal Conservative County Supervisor, Orange County, CA (5th largest county in the U.S.) Receives Income Independent of SRT Business Attorney, Fmr. Assistant District Attorney, Victims Rights Advocate Fmr. Chief Republican Whip, California Legislature Dependent on SRT income? Fired by Glenborough terminated by Wall Street firm for property management. Receives multi-million dollar income from SRT Owner of San Francisco-Bay Area based family company Glenborough No Corporate Governance Background GOVERNING PHILOSOPHY SUPPORTS Shareholder Oversight of SRT SUPPORTS lower spending and lower director compensation OPPOSES Independent Directors holding all management positions DEMONSTRATES OPPOSITION to Shareholder Input and Oversight of SRT* SILENT on the tripling of Board compensation DEMONSTRATES OPPOSITION to Fair & Open Elections* DIRECTOR PRESIDENT CEO CFO ADVISOR PROPERTY MANAGER VOTE TODD SPITZER REMOVE CURRENT BOARD "We believe Andy Batinovitch has demonstrated this opposition by voting with Maier. Rogers and Levin to prevent shareholders from electing the entire board each year at an annual meeting, making it five times more difficult to cat a special meeting of stockholders and significantly restricting the ability of stockholders to remove directors. The SRT Shareholders Coalition (the “Coalition”) has a filed definitive proxy statement and related materials with the Securities and Exchange Commission (“SEC”) in connection with the Coaltion’s soliotation of written requests to call a special meeting of the shareholders of SRT. SRT shareholders should read the Coaltion’s definitive proxy statement and its other publicly-filed proxy materials as they become available, because they contain important information. This is not a soliotation of proxios for the annual meeting, and stock-holders are not being asked to provide proxies for the annual meeting in the Coalition at this time. In connection with its solicitation of proxies for the SRT annual meeting, the Coalition has filed a preliminary proxy statement with the SEC to solicit proxies with respect to the annual meeting. Investors and security holders are urged to read the preliminary solicitation statement in the entirely, and the definitive proxy statement and other relevant documents when they become available, because they will contain important information regarding the solicitation. Information regarding the direct and indirect interests of the Coalition and each other participant in the solicitation of written requests to call a special meeting or the solicitation of proxies for the annual meeting are included in the Coalition’s proxy materials filed with the SEC. The Coalition’s proxy materials and other SEC filings may be accessed without charge at the SEC’s website at www.sec.gov. The following persons are participants in connection with the solicitations. Dianno Costa, Jerome Hagley, Michael Karas, Marshall Karr, Todd Spitzer, Tina Aldatz, Bomoco Davis, Robert Hoh, James Ronald King Sr. David Larson, John Skeffington, Anthony Thompson, Contaurus Financial Inc. and Thompson National Properties, LLC. |