

| AVALONBAY COMMUNITIES INC. | 21/05/2015 AGM | |
|---|---|---|
| 1.01 | Elect Glyn F. Aeppel | For |
| 1.02 | Elect Terry S. Brown | For |
| 1.03 | Elect Alan B. Buckelew | For |
| 1.04 | Elect Ronald L.Havner, Jr. | For |
| 1.05 | Elect John J. Healy, Jr. | Withhold |
| 1.06 | Elect Timothy J. Naughton | Withhold |
| 1.07 | Elect Lance R. Primis | Withhold |
| 1.08 | Elect Peter S. Rummell | For |
| 1.09 | Elect H. Jay Sarles | Withhold |
| 1.10 | Elect W. Edward Walter | For |
| 2 | Ratify the appointment of the auditors | Oppose |
| 3 | Advisory vote on executive compensation | Oppose |
| 4 | Shareholder Resolution: Proxy Access | For |
| 5 | Shareholder Resolution: Separate chairman and CEO | For |