EPR Completes $82 Million Investment in Public Charter Schools

Kansas City, MO. June 18, 2008 - Entertainment Properties Trust (NYSE:EPR) announced today
that it has completed its third tranche of investment with Imagine Schools, Inc., one of the leading
operators of public charter schools in the country. The $82 million transaction was executed as
part of a $200 million option agreement with Imagine Schools, and leaves approximately $40
million available for acquisitions prior to December 2009.

This transaction added eleven new schools and provided expansion capital for two previously
purchased schools. The schools included in the third tranche contain over 888,000 square feet of
educational space and have an enrollment in excess of 8,000 students. All of the schools,
including those in this tranche, are governed by a triple-net master lease with a 25 year primary
term. The total portfolio now includes 23 public charter schools located in nine states and the
District of Columbia.

“This transaction is a continuation of our commitment to provide financing solutions for best-inclass
public charter schools, and we are excited to strengthen our relationship with one of the
premiere operators in the public charter school sector,” said David Brain, Chief Executive Officer
of Entertainment Properties Trust.