CapLease Announces Tax Treatment of 2008 Dividends (Business Wire)

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NEW YORK—-CapLease, Inc. today announced the income tax treatment of its 2008 common and preferred stock dividend payments. Common Stock Dividend Per Share Record Date Date of Payment Taxable Ordinary Dividends Nondividend Distributions $0.20 12/31/07 1/15/08 $0.00 $0.20 $0.20 3/31/08 4/15/08 $0.00 $0.20 $0.20 6/30/08 7/15/08 $0.00 $0.20 $0.20 9/30/08 10/15/08 $0.00 $0.20 Totals $0.80 $0.00 $0.80 Percent 0.00% 100.00% Series A Cumulative Redeemable Preferred Stock Dividend Per Share Record Date Date of Payment Taxable Ordinary Dividends Nondividend Distributions $0.5078125 3/31/08 4/15/08 $0.00 $0.5078125 $0.5078125 6/30/08 7/15/08 $0.00 $0.5078125 $0.5078125 9/30/08 10/15/08 $0.00 $0.5078125 $0.5078125 12/31/08 1/15/09 $0.00 $0.5078125 Totals $2.0312500 $0.00 $2.0312500 Percent 0.00% 100.00%

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