8:00 a.m. 1:00 p.m. Saturday. > Two new 4,000 amp bus duct risers. > New 10,000 gallon fuel oil tank serving life/safety generator.

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2 REDEVELOPMENT HIGHLIGHTS $150m comprehensive redevelopment > New lobby spanning full Park Avenue block front with 25 ceiling height > New plaza with abundant green space > New interior atrium with museum-quality reflecting pool > Restoration of Park Avenue façade > New glass curtain wall on center area of floors 3-17 > New double-height storefronts > Two retail locations reserved for high-end dining > New elevator cabs > New escalators > Streamlined visitor access > New first-class restrooms > State-of-the-art turnstile security > New roofs hvac > New cooling tower providing additional 400 tons of supplemental water > New low-profile perimeter induction units on all floors > Upgrades to HVAC main fans, including new controls, valves and coils > Installation of a new Building Management System > Extended HVAC hours: 8:00 a.m. 8:00 p.m. Monday to Friday electric service upgrade > Two new 4,000 amp bus duct risers generator 8:00 a.m. 1:00 p.m. Saturday > New 10,000 gallon fuel oil tank serving life/safety generator

3 INTEGRATED 1.3M SF BUILDING East 49th Street Park Avenue East 48th Street NEW INTEGRATED LOBBY SCHEME

4 REDEVELOPED GROUND FLOOR AXON VIEW

5 NEW DOUBLE HEIGHT LOBBY ACROSS ENTIRE PARK AVENUE BLOCKFRONT

6 NEW PARK AVENUE LOBBY

7 NEW PARK AVENUE LOBBY

8 LOBBY WITH REFLECTIVE POOL

9 LOBBY WITH REFLECTIVE POOL

10 LOBBY WITH REFLECTIVE POOL

11 LOBBY WITH REFLECTIVE POOL

12 REDESIGNED PLAZA WITH ABUNDANT GREEN SPACE

13 NEW CURTAIN WALL ABOVE PLAZA ENTRANCE

14 43 6,678 RSF ,123 RSF 10,893 RSF 6,179 RSF 20,323 RSF (Available 1/1/2018) 6,941 RSF 9,120 RSF 20,316 RSF 19,298 RSF 18,603 RSF 19,031 RSF (Available 1/1/2018) 8,963 RSF (Available 6/1/2016) 8,963 RSF (Available 6/1/2016) 8,918 RSF STACKING PLAN Available Vacant 176, , ,443 Total 223, ,875 RSF 9,160 RSF 7,833 RSF

15 PROPOSED PRE-BUILT PLAN PARTIAL 4TH FLOOR (NW) - 5,875 RSF Floor Key Executive Office 1 Typical Offices 5 Benching 22 Reception 1 Total Seats 29 Conference Room (8 ppl) 1 Pantry 1 Copy Room 1 Storage Room 1 IT Room 1

16 PROPOSED PRE-BUILT PLAN PARTIAL 5TH FLOOR (NW) - 7,833 RSF Floor Key Executive Offices 2 Typical Offices 6 Benching 29 Workstations 2 Reception 1 Total Seats 40 Conference Room (14 ppl) 1 COPY/STORAGE ROOM Conference Room (10 ppl) 1 Pantry 1 Copy Room 1 Storage Room 1 IT Room 1

17 CORE AND SHELL PARTIAL 9TH FLOOR - 8,021 RSF

18 PROPOSED PRE-BUILT PLAN PARTIAL 14TH FLOOR (SW) 9,160 RSF Floor Key Executive Office 1 Typical Offices 6 Benching 42 Reception 1 Total Seats 50 Conference Room (12 ppl) 1 Conference Room (8 ppl) 1 Pantry 1 Copy Room 1 IT Room 1

19 PROPOSED TEST FIT ENTIRE TOWER FLOOR EAST BUILDING 20TH FLOOR - 8,918 RSF Floor Key Executive Office 1 Typical Offices 8 Benching 31 Reception 1 Total Seats 41 Conference Room (10 ppl) 1 Conference Room (6 ppl) 1 Pantry 1 Copy 1 Storage 1 IT Closet 1

20 PROPOSED PRE-BUILT PLAN PARTIAL 28TH FLOOR (NE) 6,941 RSF Floor Key Executive Offices 2 Typical Offices 5 Benching 28 Reception 1 Total Seats 36 Conference Room (10 ppl) 1 Pantry/Copy 1 Coat Closet 1 IT Room 1

21 PROPOSED PRE-BUILT PLAN PARTIAL 35TH FLOOR (SW) - 6,179 RSF Floor Key Executive Office 1 Typical Offices 7 Benching 16 Reception 1 Total Seats 25 Conference Room (14 ppl) 1 Conference Room (6 ppl) 1 Pantry 1 Copy Room 1 Storage Room 1 IT Room 1

22 PROPOSED TEST FIT PARTIAL 38TH FLOOR (SW) 10,893 RSF IT STORAGE COPY Floor Key Executive Offices 2 Typical Offices 10 Benching 56 Reception 1 Total Seats 69 Conference Room (12 ppl) 1 Conference Room (8 ppl) 1 Conference Room (6 ppl) 1 Pantry 1 Copy Room 1 Storage Room 1 IT Room 1

23 PROPOSED TEST FIT ENTIRE TOWER FLOOR - WEST BUILDING APPROXIMATELY 20,000 RSF AVAILABLE FLOORS: 21, 22, 23, 27, 40 Floor Key Executive Offices 2 Typical Offices 22 Benching 59 Workstations 12 Reception 1 Total Seats 96 Conference Room (14 ppl) 1 Conference Rooms (12 ppl) 2 Conference Room (8 ppl) 1 Conference Room (4 ppl) 1 Pantry 1 Copy Rooms 2 Storage Rooms 3 IT Room 1

24 PROPOSED TEST FIT PARTIAL 43RD FLOOR (SW) 6,678 RSF Floor Key Executive Office 1 Typical Offices 6 Benching 24 Reception 1 Total Seats 32 Conference Room (12 ppl) 1 Conference Rooms (8 ppl) 1 Conference Room (4 ppl) 1 Pantry 1 Copy Area 1 Storage Room 1 IT Room 1

25 RENDERING: TENANT SPACE

26 RENDERING: FLOOR TO CEILING WINDOWS

27 SUSTAINABILITY SL Green Realty Corp. and Vornado Realty Trust are committed to employing industry leading sustainable practices at each of their properties. The success of their sustainable operations relies on best-in-class property managers, engineers and green cleaning teams. These operating teams execute sustainable procedures that create safe, healthy and energy efficient work environment for all tenants. > LEED standard operations policies and programs addressing construction management. > Green purchasing, indoor air quality and pest management. > Tenant level submetering, with cloud computed, real-time energy monitoring and benchmarking. > LEED Standard Green Cleaning Program. > Comprehensive recycling program, including paper, cardboard, plastic/glass/aluminum and electronic waste. > Semi-annual LEED Standard air testing for VOC content, airborne particulates and microbes, and thermal comfort. These programs at 280 Park may contribute up to 24 points toward a Tenant s LEED CI Certification (more than half of the points necessary to achieve minimum certification).

28 CORPORATE PROFILE SL Green Realty Corp., an S&P 500 company and New York City s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. The Company was formed on August 20, 1997 to continue the commercial real estate business of S.L. Green Properties Inc., a company that was founded in 1980 by Stephen L. Green, our current Chairman. For more than 25 years SL Green has been engaged in the business of owning, managing, leasing, acquiring and repositioning office properties in Manhattan. The Company s investment focus is to create value through strategically acquiring, redeveloping and repositioning office properties primarily located in Manhattan, and re-leasing and managing these properties for maximum cash flow. In 2007, SL Green acquired Reckson Associates Realty Corp. and added over 9 million square feet to its portfolio. Included in this total is over 3 million square feet of Class A office space located in Westchester, New York and Stamford, Connecticut. These suburban portfolios serve as natural extensions of SL Green s core ownership in the Grand Central submarket of Midtown Manhattan. The Company has since made selective additions and dispositions to the holdings in these areas. As of September 30, 2015, SL Green held interests in 121 Manhattan buildings totaling 43.2 million square feet. This included ownership interests in 30.6 million square feet of commercial buildings and debt and preferred equity investments secured by 12.6 million square feet of buildings. In addition to its Manhattan investments, SL Green held ownership interests in 35 suburban buildings totaling 5.3 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey.

29 Vornado Realty Trust is a preeminent owner, manager and developer of office, retail and residential assets. Its portfolio of over 100 million square feet comprises nationally recognized properties such as One Penn Plaza in New York City; the retail block front of 1540 Broadway in Times Square; Bank of America Tower in San Francisco; Chicago s historic Merchandise Mart; and the Warner Building in Washington DC. Vornado is concentrated in the nation s key markets: New York City and Washington DC, controlling over 57 million square feet, including well known assets in Manhattan such as 1290 Avenue of the Americas, 350 Park Avenue, and 689 Fifth Avenue as well as The Bowen Building and 2101 L Street in Washington DC. Vornado has established a best-in-class development capability through its distinguished contributions to the urban landscape of our nation s top cities. The Company takes pride in its longstanding relationships across its diverse tenant base. Vornado Realty Trust is one of the largest publicly traded REITS in the nation and an S&P 500 constituent. In 2012, Vornado commemorated 50 years on the New York Stock Exchange.

30 ERIC DEUTSCH Executive Vice President PETER TURCHIN Vice Chairman STEVEN DURELS Executive Vice President - Director of Leasing steven.durels@slgreen.com GLEN J. WEISS Executive Vice President - Director of Leasing gweiss@vno.com GREGG ROTHKIN Senior Vice President gregg.rothkin@cbre.com SAM SEILER Vice President sam.seiler@cbre.com DAVID KAUFMAN Senior Vice President david.kaufman@slgreen.com ANDREW ACKERMAN Vice President aackerman@vno.com MARY ANN TIGHE Chief Executive Officer maryann.tighe@cbre.com DAVID AMSTERDAM Vice President david.amsterdam@slgreen.com