On March 31, 2022, the Board of Trustees of Vornado Realty Trust (the Company), at the recommendation of the Corporate Governance and Nominating Committee of the Board, elected Raymond J. McGuire to the Board to serve until the Company's 2022 Annual Meeting of Shareholders and until his successor is duly elected and qualified. Mr. McGuire has over 35 years of experience in finance and corporate strategy, most recently as Vice Chairman of Citigroup from 2018 to 2020. He joined Citigroup in 2005, serving as Global Co-Head of Investment Banking from 2005 to 2008, Global Head of Corporate and Investment Banking from 2008 to 2018 and as Vice Chairman from 2018 to 2020.

Prior to that, Mr. McGuire served as Global Co-Head of Mergers and Acquisitions at Morgan Stanley from 2003 to 2005. On March 31, 2022, Dr. Richard West informed the Board of his decision not to stand for re-election to the Board at the Company's 2022 Annual Meeting of Shareholders and that he will retire as a trustee, following 40 years of service, at the conclusion of the 2022 Annual Meeting of Shareholders. Dr. West also serves on the audit committee of the Board.

Dr. West confirmed to the Board that his determination not to stand for re-election is not the result of any disagreement with the Company relating to its operations, policies or practices.