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STYLEMAX™ PRESENTS FALL 2003 FASHIONS

From: ASAP

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CHICAGO [January 21, 2003] — More than 4,000 women’s and children’s apparel and accessory resources for fall 2003 will be featured during STYLEMAX™ at Chicago’s world-famous Merchandise Mart, March 22–25, 2003. Buyers for specialty and department stores will find a comprehensive collection of women’s and children’s apparel and accessories on one easy-to-shop, state-of-the-art show floor at this to-the-retail-trade market. Additionally, STYLEMAX features innovative fashion events, informative presentations, special amenities and more to make the experience fun, exciting and productive for both buyers and exhibitors.

SHOW HIGHLIGHTS • “Montreal Collections” Fashion Event Saturday, March 22 6 p.m., North Lobby, The Merchandise Mart Cocktails and presentation of Canadian fashions sponsored by the Quebec Delegation of Chicago. • STYLEmakers Fashion Show Sunday, March 23 South Lobby, The Merchandise Mart 8:15 a.m., Continental Breakfast 8:30 a.m., Fashion Show Featuring contemporary, accessory and lingerie resources.

• The Collections Fashion Show Sunday, March 23, 2002 South Lobby, The Merchandise Mart 6 p.m., Cocktails and hors d’oeuvres 6:30 p.m., Fashion Show A runway display of women’s better, bridge and designer lines.

• Champagne Dreams Monday, March 24, 2002 5 p.m., 8th-floor Market Suites Buyers can enjoy champagne and light hors d’oeuvres as they continue to shop at STYLEMAX.

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STYLEMAX™ FALL 2003 Page two

• Show Amenities - Complimentary continental breakfast each day. - Complimentary lunch each day. - On-site work area equipped with a computer, phones, fax machine and copier. - Complimentary shuttle to hotels. - Complimentary parking.

TO REGISTER TO ATTEND STYLEMAX is only open to members of the retail trade. Registration requires retail buyers to provide appropriate credentials for admittance, including a photo ID, business card and current retail business license. Buyers can register in advance at www.merchandisemart.com (follow the STYLEMAX link and click on “Registration”) or on site at the show.

Show hours for STYLEMAX are 9 a.m.–6 p.m., Saturday, March 22–Monday, March 24, and 9 a.m.–3 p.m. on Tuesday, March 25. For more information about STYLEMAX, visit www.merchandisemart.com or call 800.677.6278 (MART).

Save the date:

The National Bridal Market™ April 5–8, 2003 Chicago Apparel Center & The Merchandise Mart

Women’s & Children’s Chicago Apparel Market June 6–9, 2003 Chicago Apparel Center

Women’s & Children’s Chicago Apparel Market August 22–26, 2003 Chicago Apparel Center

The National Bridal Market™ October 11–14, 2003 Chicago Apparel Center & The Merchandise Mart

STYLEMAX™ October 18–21, 2003 The Merchandise Mart

Merchandise Mart Properties, Inc. (MMPI) is a trade show and property management firm, specializing in managing buildings devoted to wholesale showrooms and commercial office space. MMPI produces more than 300 trade shows, market events and conferences each year.

MMPI manages The Merchandise Mart, Chicago Apparel Center, and 33 North Dearborn in Chicago; Market Square, the Suites at Market Square, Hamilton Market, Plaza Suites, Furniture Plaza and the National Furniture Mart in High Point, N.C.; the Architects & Designers Building in New York; the L.A. Mart in Los Angeles; and the Washington Design Center and Washington Office Center in Washington, D.C.

Vornado Realty Trust, owner of MMPI, based in New York City, is a fully integrated equity real estate investment trust. Vornado’s common shares are listed on the New York Stock Exchange and are traded under the symbol VNO.

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