VORNADO REALTY TRUST 70 NOTES TO CONSOLIDATED FINANCIAL STA TEMENTS OTHER 7.  Debt Following is a summary of the Company’s debt: See notes on following page  On September 11, 2003, the Company made a loan of $7,300,000 to a non-affiliated party. The loan was collateralized by  the borrower’s ownership of the 150,067 shares of Vornado Series C-1 convertible preferred operating partnership units  and 202,411 Vornado Class A operating partnership units. On November 18, 2003, the Company acquired the units for $15,998,000 (equivalent to 373,952 Class A at $42.78 per unit) fr om the borrower for $8,698,000 in cash and the balance through the repayment of the loan. Interest Rate as at Balance as at December 31, December 31, (AMOUNTS IN THOUSANDS) Maturity 2003 2003 2002 Notes and Mortgages Payable: Fixed Interest: Office: NYC Office: Two Penn Plaza (1) 3/04 7.08% $ 151,420 $ 154,669 888 Seventh Avenue 2/06 6.63% 105,000 105,000 Eleven Penn Plaza 5/07 8.39% 49,304 50,383 866 UN Plaza (1) 4/04 7.79% 33,000 33,000 CESCR Office: Crystal Park 1–5 7/06–8/13 6.66%–7.08% 258,733 264,441 Crystal Gateway 1–4 Crystal Square 5 7/12–1/25 6.75%–7.09% 214,323 215,978 Crystal Square 2, 3 and 4 10/10–11/14 6.82%–7.08% 143,854 146,081 Skyline Place 8/06–12/09 6.60%–6.93% 135,955 139,212 1101 17th, 1140 Connecticut, 1730 M and 1150 17th 8/10 6.74% 95,860 97,318 Courthouse Plaza 1 and 2 1/08 7.05% 78,848 80,062 Crystal Gateway N., Arlington Plaza  and 1919 S. Eads 11/07 6.77% 71,508 72,721 Reston Executive I, II & III 1/06 6.75% 72,769 73,844 Crystal Plaza 1–6 10/04 6.65% 68,654 70,356 One Skyline Tower 6/08 7.12% 64,818 65,764 Crystal Malls 1–4 12/11 6.91% 60,764 65,877 1750 Pennsylvania Avenue 6/12 7.26% 49,346 49,794 One Democracy Plaza 2/05 6.75% 26,900 27,640 Retail: Cross collateralized mortgages on  42 shopping centers 3/10 7.93% 481,902 487,246 Green Acres Mall 2/08 6.75% 148,386 150,717 Montehiedra Town Center 5/07 8.23% 58,855 59,638 Las Catalinas Mall 11/13 6.97% 66,729 67,692 Merchandise Mart: Washington Design Center 11/11 6.95% 48,012 48,542 Market Square Complex 7/11 7.95% 46,816 48,213 Furniture Plaza 2/13 5.23% 45,775 — Washington Office Center 1/04 6.80% 43,166 44,924 Other 10/10–6/13 7.71%–7.52% 18,434 18,703 Other: Industrial Warehouses 10/11 6.95% 48,917 49,423 Student Housing Complex 11/07 7.45% 18,777 19,019 Other 8/21 9.90% 6,920 6,937 Total Fixed Interest Notes and  Mortgages Payable 7.19% 2,713,745 2,713,194