Press Release

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Joseph Macnow

Work(201) 587-1000

January 6, 2012

Vornado Completes Sale of 350 West Mart Center in Chicago

PARAMUS, NEW JERSEY.......VORNADO REALTY TRUST (NYSE:VNO) announced today that it has completed the previously announced sale of 350 West Mart Center, a 1.2 million square foot office building located in Chicago, that is part of Vornado’s Mart segment. The sale price was approximately $228 million, which resulted in a net gain of approximately $54 million.

Vornado Realty Trust is a fully integrated equity real estate investment trust.

Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.

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