STEVEN ROTH Chairman of the Board Managing Partner, Interstate Properties MICHAEL D. FASCITELLI President ROBERT P. KOGOD DAVID M. MANDELBAUM Partner, Interstate Properties STANLEY SIMON* Principal, Stanley Simon and Associates, Management and Financial Consultants ROBERT H. SMITH Chairman of Charles E. Smith Commercial Realty, a division of Vornado Realty Trust RONALD G. TARGAN* President, Malt Products Corporation RICHARD R. WEST* Dean Emeritus, Leonard N. Stern School of Business, New York University RUSSELL B. WIGHT, JR. Partner, Interstate Properties   * Members of the Audit Committee     STEVEN ROTH Chairman of the Board and Chief Executive Officer MICHAEL D. FASCITELLI President MELVYN H. BLUM Executive Vice President– Development GEORGE A. SCHNUG Acting Chief Executive Officer of AmeriCold Realty Trust (Temperature Controlled Logistics) MICHELLE FELMAN Executive Vice President– Acquisitions DAVID R. GREENBAUM President of the New York Office Division CHRISTOPHER KENNEDY President of the Merchandise Mart Division JOSEPH MACNOW Executive Vice President– Finance and Administration and Chief Financial Officer SANDEEP MATHRANI Executive Vice President– Retail Real Estate Division MITCHELL N. SCHEAR President of Charles E. Smith Commercial Realty, a division of Vornado Realty Trust WENDY SILVERSTEIN Executive Vice President– Capital Markets EXECUTIVE OFFICES 888 Seventh Avenue New York, New York 10019 INDEPENDENT AUDITORS Deloitte & Touche LLP Parsippany, New Jersey GENERAL COUNSEL Sullivan & Cromwell New York, New York TRANSFER AGENT AND REGISTRAR Wachovia Bank, N.A. Charlotte, North Carolina MANAGEMENT CERTIFICATIONS The Company's Chief Executive Officer and Chief Financial Officer provided certifications to the Securities and Exchange Commission as required by Section 302 of the Sarbanes-Oxley Act of 2002 and these certifications are included in the Company's Annual Report on Form 10-K for the year ended December 31, 2004. In addition, as required by Section 303A.12(a) of the New York Stock Exchange (NYSE) Listed Company Manual, on June 7, 2004, the Company's Chief Executive Officer submitted to the NYSE the annual CEO certification regarding the Company's compliance with the NYSE's corporate governance listing standards. REPORT 10-K Shareholders may obtain a copy of the Company's annual report on Form 10-K as filed with the Securities and Exchange Commission free of charge (except for exhibits), by writing to the Secretary, Vornado Realty Trust, 888 Seventh Avenue, New York, New York 10019; or, visit the Company's website at www.vno.com and refer to the Company's SEC Filings. ANNUAL MEETING The annual meeting of shareholders of Vornado Realty Trust, will be held at 12:30 PM on Wednesday, May 18, 2005 at the Marriott Hotel, Interstate 80 and the Garden State Parkway, Saddle Brook, New Jersey 07663.