Tremont Mortgage Trust announced that on October 9, 2020, David M. Blackman announced his decision to retire and therefore resign as President and as one of Managing Trustees, each effective as of December 31, 2020. On that same date, Board of Trustees, or Board, appointed Thomas J. Lorenzini as successor President, effective January 1, 2021 and, based on the recommendation of the Nominating and Governance Committee of Board, elected Matthew P. Jordan as successor Managing Trustee effective January 1, 2021, to fill the vacancy created by the retirement of Mr. Blackman and for the remainder of Mr. Blackman’s current term, continuing until 2021 annual meeting of shareholders and until his successor is duly elected and qualified, unless he shall sooner resign or be removed. Mr. Thomas Lorenzini, age 54, was also recently appointed: (1) vice president of The RMR Group LLC, or RMR LLC, (2) vice president of manager, Tremont Realty Advisors LLC, or Tremont Advisors, and (3) vice president of RMR Advisors LLC, or RMR Advisors (both Tremont Advisors and RMR Advisors are subsidiaries of RMR LLC). Mr. Lorenzini has been Managing Director, Capital Markets, of Tremont Realty Capital, which is the trade name of Tremont Advisors, since October 2019. From 2016 until October 2019, Mr. Lorenzini served as Senior Director, Capital Markets of Tremont Realty Capital. Mr. Lorenzini was a founding member of Tremont Advisors’s predecessor business. Mr. Jordan, age 45, is the executive vice president, chief financial officer and treasurer of The RMR Group Inc., or RMR Inc., and its majority-owned subsidiary, RMR LLC. RMR Inc. is the managing member of RMR LLC. Mr. Jordan joined RMR LLC in April 2012 as chief accounting officer; he became senior vice president, chief financial officer and treasurer of RMR LLC in November 2012; and he became executive vice president, chief financial officer and treasurer of RMR LLC in October 2017. Mr. Jordan has served as an executive vice president of RMR Inc. since 2018 and as its chief financial officer and treasurer since 2015. Mr. Jordan has served as executive vice president, chief financial officer and treasurer of Tremont Advisors and RMR Advisors since October 2017, and was previously vice president, treasurer and chief financial officer of Tremont Advisors since its formation in 2016.