FOR THE SECOND YEAR IN A ROW, NEOCON® BREAKS ATTENDANCE RECORDS

CHICAGO (June 25, 2007) — Once again, NeoCon® World’s Trade Fair, North America’s largest conference and exhibition for interior design and facilities management at The Merchandise Mart Chicago, tops its best numbers with more attendees, more exhibitors and more new products. Every square foot of exhibit space at the historic Merchandise Mart was sold out – and packed tight – with people from all over the world for the 39th annual NeoCon.

In all, 52,632 individuals attended the biggest NeoCon event to date, where more than 1,200 exhibitors introduced revolutionary new products and materials. Known as the launching pad for new products in the commercial furnishings industry, this year the Best of NeoCon entries were at an all-time high with 420 products submitted.

From June 11-13, 2007, exhibitors met with existing and potential clients from around the world, and they couldn’t have been more pleased with the show.

Brian Walker, President and CEO of Herman Miller, Inc.

John Edelman, Edelman Leather

Jim Jolly, CEO/Chairman of J & J Industries Inc.

Jeff M. Layne, President of ARC COM Fabrics

NeoCon assembled an outstanding group of industry experts, leaders, innovators and challengers to provide insight into different industry areas of interest and to keep attendees on the cutting edge of their industries. The incredible line-up of informative and educational seminars was well attended, with seminar pre-registration up 46% from 2006. Attendees were able to choose from 123 CEU seminars and association forums, three keynote speakers, three luncheons and two panels. Speakers included Zaha Hadid, renowned Architect and 2004 Pritzker Prize Winner, Tim Brown, CEO and president of IDEO, Nadja Swarovski, Vice President, International Communications, Swarovski and Barbara Barry.

“The talk during the show was unanimous – this was the best NeoCon ever,” said Mark Falanga, senior vice president, Merchandise Mart Properties, Inc. (MMPI). “No other show brings so many industry professionals together under one roof. The floors were crowded with an energetic audience from around the globe. NeoCon has become the platform for launching new products and gaining inspiration for next year’s big idea.”

NeoCon World’s Trade Fair 2007 will be held June 9-11, 2008 at The Merchandise Mart. For more information visit www.merchandisemart.com or call 800.677.6278 (MART).

MEDIA CONTACT:

Maura Bruton

Director of Public Relations

Merchandise Mart Properties, Inc.

Phone: 312.527.7555

E-mail: mbruton@mmart.com

NeoCon World’s Trade Fair is a registered trademark of Merchandise Mart Properties, Inc. (MMPI).

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 tradeshows, market events and conferences each year. MMPI manages The Merchandise Mart and 350 W. Mart Center 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; the Boston Design Center in Boston; and the Washington Design Center and Federal Center Southwest in Washington, D.C.

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

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