0001193125-12-170644 Sample Contracts

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (Pennsylvania business trust) 4,000,000 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares of Beneficial Interest* PURCHASE AGREEMENT
Purchase Agreement • April 19th, 2012 • Pennsylvania Real Estate Investment Trust • Real estate investment trusts • New York

* Plus an option to purchase from Pennsylvania Real Estate Investment Trust up to 600,000 additional 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares of Beneficial Interest.

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