Press Release

Contact

Joseph Macnow
(201) 587-1000
September 11, 1998
Vornado's Board of Trustees declares a quarterly dividend on Preferred Shares.

SADDLE BROOK, NEW JERSEY......VORNADO REALTY TRUST (NYSE:VNO) today announced that its Board of Trustees has declared a quarterly dividend on the Company's Series A Convertible Preferred Shares of $.8125 per share, payable on October 1, 1998 to shareholders of record on September 23, 1998.