PRESS RELEASE

Vornado Announces Results of Vote on Shareholder Proposal

May 22, 2007

PARAMUS, N.J.--(BUSINESS WIRE)--

Vornado Realty Trust (NYSE: VNO) announced today that the non-binding precatory shareholder proposal regarding majority voting in the election of trustees described in the Company's proxy statement for the 2007 annual meeting of shareholders was approved.

Source: Vornado Realty Trust

Contact: Vornado Realty Trust Joseph Macnow, 201-587-1000