NET 1 L.P.
                LIMITED PARTNER CONSENT/DISSENTERS ELECTION FORM

               THIS CONSENT IS SOLICITED ON BEHALF OF THE GENERAL
                              PARTNER OF NET 1 L.P.


     Each limited partner of Net 1 L.P. is hereby solicited to complete, date,
sign and return this Consent/Dissenters Election Form prior to expiration of the
solicitation period. Faxed and mailed forms must be returned by 12:00 midnight,
New York time, November 27, 2001 unless extended by the general partner.

     THE GENERAL PARTNER RECOMMENDS THAT YOU "CONSENT" TO EACH OF THE PROPOSALS
SET FORTH BELOW.

     PLEASE MARK, SIGN, DATE AND RETURN THIS FORM PROMPTLY USING THE ENCLOSED
ENVELOPE. VOTES MUST BE INDICATED (X) IN BLACK OR BLUE INK.

                              PROPOSALS TO BE VOTED

1.   CONSENT TO TRANSACTION: TO APPROVE AND ADOPT THE AGREEMENT AND PLAN OF
     MERGER, AS AMENDED, PURSUANT TO WHICH NET 1 L.P., WILL MERGE INTO NET 3
     ACQUISITION L.P., IN EXCHANGE FOR A SPECIFIED NUMBER OF COMMON SHARES OF
     LEXINGTON CORPORATE PROPERTIES TRUST AND A SPECIFIED AGGREGATE AMOUNT OF
     CASH. CONSENT INCLUDES CONSENT TO ALL ACTIONS NECESSARY TO CONSUMMATE THE
     TRANSACTION, INCLUDING ANY REQUIRED AMENDMENTS TO THE NET 1 L.P.
     PARTNERSHIP AGREEMENT. CONSENT ALSO INCLUDES CONSENT TO TREATMENT OF THE
     MERGER AS A DIRECT SALE OF YOUR NET 1 L.P. UNITS TO NET 3 ACQUISITION L.P.
     FOR TAX PURPOSES. IF YOU ABSTAIN FROM VOTING OR DO NOT VOTE ON THE
     TRANSACTION, YOU WILL BE DEEMED TO CONSENT TO TREATMENT OF THE MERGER AS A
     DIRECT SALE FOR TAX PURPOSES. IF YOU DO NOT WISH TO CONSENT TO THIS TAX
     TREATMENT, YOU MUST DENY CONSENT AND ELECT TO RECEIVE DISSENTER DEBENTURES
     BELOW.

           CONSENT / /         DENY CONSENT / /         ABSTAIN / /

2.   EXTENSION OF CONSENT SOLICITATION PERIOD: TO EXTEND THE PERIOD FOR THE
     SOLICITATION OF CONSENTS IF NET 1 L.P. HAS NOT RECEIVED THE AFFIRMATIVE
     CONSENT OF THE HOLDERS OF A SUFFICIENT NUMBER OF LIMITED PARTNERSHIP UNITS
     TO APPROVE PROPOSAL NUMBER ONE.

           EXTEND  / /        DO NOT EXTEND / /         ABSTAIN / /


                          DISSENTER DEBENTURE ELECTION

You may elect to receive your merger consideration in Dissenter Debentures in
lieu of Common Shares of Lexington Corporate Properties Trust and Cash. In order
to make the election you must BOTH deny consent to Proposal Number One AND
affirmatively elect to receive the Dissenter Debentures by checking the box
below.

     I ELECT TO RECEIVE DISSENTER DEBENTURES / /

     If you return a duly executed Consent/Dissenters Election Form but abstain
or fail to indicate whether you consent or deny consent to the Transaction, you
will be counted as having consented to Proposal Number One. If Net 1 approves
the Transaction, you will receive Common Shares of Lexington Corporate
Properties Trust and Cash as indicated in Proposal Number One.

     If you do not return your Consent/Dissenters Election Form, you will be
deemed to have DENIED consent to the Transaction.

                              NOTE: Signatures should agree with the names
                              stenciled hereon. When signing as executor,
                              administrator, trustee, guardian or attorney,
                              please give the title as such. For joint accounts
                              or co-fiduciaries, all joint owners or co-managers
                              should sign.

                              Dated:____________________________________, 2001

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