NEW CONTRACT AND RESIDENTIAL PRODUCTS DEBUT AT THE 2005 NEOCON® WORLD’S TRADE FAIR AT THE MERCHANDISE MART

CHICAGO (June 13, 2005) – The 37th annual NeoCon® World’s Trade Fair, North America’s largest commercial interior design show and conference, will return to The Merchandise Mart in Chicago, Monday, June 13, through Wednesday, June 15, 2005. NeoCon® offers an innovative showcase of products for the office, health care, hospitality, residential retail and governmental environments.

During NeoCon, exhibitors showcase cutting-edge products, setting the precedent for the contract furnishings industry. Designer products premiering at NeoCon® include:

Seating:

Decorative Accessories/Artwork:

New Files and Storage Products:

from a wall, or pushing it up against a wall, Reach™ uses storage to create the wall.

Casegoods:

Lighting:

Textiles:

Flooring:

Laminates and decorative surfaces:

Architectural Products:

Educational Systems:

Technology:

Office Furniture:

Wallcoverings:

Interior Signage:

Ceiling, Wall Panels:

Automotive:

For more information about NeoCon World’s Trade Fair 2005, please visit www.merchandisemart.com or call 800.677.6278 (MART).

NeoCon is a registered trademark of Merchandise Mart Properties, Inc. (MMPI). 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, 350 W. Mart 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 and 7 W New York 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.

MEDIA INQUIRIES ONLY:

Joanna Mineau

Managing Director of Public Relations

Merchandise Mart Properties, Inc. (MMPI)

Phone: 312.527.7074

E-mail: jmineau@mmart.com

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