Nasdaq: SNH PRICE: +0.00 20.02 YIELD: % +0% Volume: 957,300 February 21, 2017

Cautionary Language

The information appearing on SNH’s website includes statements which constitute forward looking statements. These forward looking statements are based upon SNH’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. SNH’s actual results may differ materially from those contained in SNH’s forward looking statements. The information contained in SNH’s filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in SNH’s periodic reports and other filings, identifies important factors that could cause SNH’s actual results to differ materially from those stated in SNH’s forward looking statements. SNH’s filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on SNH’s website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements.

The documents provided in this archived section are provided for historical purposes only. The information contained in each document is accurate only as of the date each document was originally issued or such earlier date stated in those documents. Senior Housing Properties Trust does not undertake any obligation to update any information contained in these documents. For current information about the company, please refer to our most recent public SEC Filings.

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Proper corporate governance is important to Senior Housing Properties Trust. Since we became a public company in 1999, a majority of our Board of Trustees has been independent, and all of our Board’s Committees, including our Audit Committee, have been comprised solely of Independent Trustees.

We have a five member Board of Trustees, of which three are Independent Trustees. There are three standing Committees of the Board: an Audit Committee, a Compensation Committee and a Nominating and Governance Committee. The Board has also adopted Governance Guidelines and Committee Charters for each of its Committees.

The Board’s Audit Committee currently has a qualified Audit Committee "financial expert" as defined by SEC rules. We also have a Director of Internal Audit who reports directly to the Board’s Audit Committee.

All of the company’s Trustees, officers and personnel are subject to a Code of Business Conduct and Ethics. On December 9, 2014, Senior Housing Properties Trust’s Code of Business Conduct and Ethics (the "Code") was amended to clarify policies regarding reporting of conflicts of interest and violations of the law and the Code. The Code was also revised to recognize that our manager is now controlled by a public company.

We also have a Governance Hotline that allows users to report matters directly to Senior Management, the Board of Trustees or the Audit Committee.

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