Medical Properties Trust Inc.

Since MPT's founding in August 2003, Edward K. Aldag, Jr. has served as chairman, president and chief executive officer. The company was born from Aldag's vision to create a new kind of hospital-focused healthcare REIT that combines healthcare finance, real estate and operations expertise. In 2002, having recently sold his interest in two private real estate companies - Guilford Capital Corp. and Guilford Medical Properties, Inc., with aggregate assets valued at more than $500 million - he spent 18 months assembling a top-notch management team that would not only embrace his vision for a new way of doing business in an evolving healthcare climate, but also help shape the company's path with each team member's own unique perspectives and approaches. "The world certainly didn't need another company investing only in nursing homes and medical office buildings," Aldag said. Instead, he envisioned a real estate investment trust specializing in acute care hospitals and rehabilitation facilities that offers cash-strapped owner-operators access to capital. Aldag earned his bachelor's degree in commerce and business - with a major in corporate finance - from the University of Alabama in 1986. His 15-year tenure with Guilford Capital Corporation and Guilford Properties Trust, Inc. began that same year. There he played an integral role in the formation of investor groups, structuring the financing, and closing the transactions. Guilford Medical Properties owned numerous rehabilitation hospitals across the country and net-leased them to four different national healthcare providers. Aldag served as president and a member of the board of directors of Guilford Medical Properties, Inc. from its inception until selling his interest in the company in 2001. Mr. Aldag was the president and a member of the board of directors of Guilford Capital from 1990 to 2001, serving as executive vice president, chief operating officer and a member of the board of directors.

Before helping found Medical Properties Trust in 2003, Emmett E. McLean spent three years as a private investor and consultant. From 1995 to 2000, he served as senior vice president and board member of a healthcare services and practice management company called PsychPartners LLC. But his healthcare experience actually began in 1992, when he spent two years as senior vice president, chief financial officer and secretary of Diagnostic Health Corporation, a healthcare services company. Prior to that he spent almost 10 years in investment banking and corporate finance with Dean Witter Reynolds, Inc. (now Morgan Stanley), Smith Barney (now Citigroup) and SunTrust Banks, Inc. McLean earned his MBA from the University of Virginia in 1984 and his bachelor's degree in economics from the University of North Carolina in 1977.

R. Steven Hamner. Mr. Hamner, age 52, is one of our founders and has served as our Executive Vice President and Chief Financial Officer since September 2003 and as a director since February 2005. In August and September 2003, Mr. Hamner served as our Executive Vice President and Chief Accounting Officer. From October 2001 through March 2004, he was the Managing Director of Transaction Analysis LLC, a company that provided interim and project-oriented accounting and consulting services to commercial real estate owners and their advisors. From June 1998 to September 2001, he was Vice President and Chief Financial Officer of United Investors Realty Trust, a publicly traded REIT. For the 10 years prior to becoming an officer of United Investors Realty Trust, he was employed by the accounting and consulting firm of Ernst&Young LLP and its predecessors. Mr. Hamner received a B.S. in Accounting from Louisiana State University.

Thomas W. Schultz serves as director of asset management for Medical Properties Trust. Mr. Schultz has more than 31 years of experience in the health care industry in finance, marketing and operations. His most recent experience was as senior vice president of planning, marketing and business development for a major health care system. He spent more than ten years working as an investment banker in the health care industry. Mr. Schultz has also worked for several consulting firms including Price Waterhouse and Booz, Allen & Hamilton, Inc. He also served as Director of Planning for a major proprietary hospital corporation. Mr. Schultz began his career with the Massachusetts General Hospital where he served as a hospital administrator and as an administrative fellow. He received a Master of Hospital Administration degree from Duke University and his Bachelor of Arts degree in Accounting, magna cum laude, from the University of St. Thomas in St. Paul, Minnesota.

G. Steven Dawson, age 50, has served as our director since January 11, 2005 and currently serves as the Chairman of the Nominating and Corporate Governance Committee. Mr. Dawson was previously a member of the compensation committee and nominating and corporate governance committee for Sunset Financial Resources, Inc. and was also the chairman of the special committee in connection with our merger with AFT. Mr. Dawson is currently director and chief financial officer of Desert Capital REIT, Inc. (public but non-listed), a Las Vegas-based commercial mortgage REIT, and managing director of Sandstone Equity Investors, LLC, the outside advisor of Desert Capital REIT, Inc. He also serves on the board of directors of AmREIT, Inc. (AMEX: AMY), a Houston-based owner and developer of retail properties (chairman of the audit committee; member of the compensation committee and nominating and governance committee), Medical Properties Trust (NYSE: MPW), a Birmingham, Alabama-based REIT specializing in the ownership of acute care facilities and related medical properties (chairman of the audit committee) and American Campus Communities (NYSE: ACC), an Austin-based equity REIT focused on student housing (chairman of the audit committee; member of the compensation committee). From 1990 to 2003, Mr. Dawson served as chief financial officer of Camden Property Trust and its predecessors, a multi-family REIT based in Houston with apartment operations, construction and development activities throughout the United States.

Robert E. Holmes, Ph.D. Mr. Holmes, age 67, has served as a member of our Board of Directors since April 2004. Mr. Holmes, our lead independent director, recently retired as Professor of Management, Dean, andWachovia Chair of Business Administration at the University of Alabama at Birmingham School of Business, positions he held since 1999. From 1995 to 1999, he was Dean of the Olin Graduate School of Business at Babson College in Wellesley, Massachusetts. Prior to that, he was Dean of the James Madison University College of Business in Harrisonburg, Virginia for 12 years. He is the co-author of four management textbooks, numerous articles, papers, and cases, and has served as a board member or consultant to a variety of business firms and non-profit organizations. He is past president of the Southern Business Administration Association, is actively engaged in AACSB International —the Association to Advance Management Education, and serves on the Boards of the Entrepreneurial Center, Tech Birmingham, the Alabama Council on Economic Education, and other organizations. Mr. Holmes received a bachelor’s degree from the University of Texas at Austin, an MBA from University of North Texas, and received his Ph.D. from the University of Arkansas with an emphasis on management strategy.