W. P. Carey & Co. LLC Rings The Closing Bell At The New York Stock Exchange

April 03, 2003

(L to R) Mark Dick, SrVP (A.G. Edwards); John J. Park, CFO (W. P. Carey); Dick Grasso, Chairman/CEO (NYSE); Gordon F. DuGan, President/Co-CEO; Wm. Polk Carey, Chairman/Co-CEO ; Francis J. Carey, Vice Chairman; George E. Stoddard, Director (WPC) (L to R) Mark Dick, SrVP (A.G. Edwards); John J. Park, CFO (W. P. Carey); Dick Grasso, Chairman/CEO (NYSE); Gordon F. DuGan, President/Co-CEO; Wm. Polk Carey, Chairman/Co-CEO ; Francis J. Carey, Vice Chairman; George E. Stoddard, Director (WPC) (L to R) Mark Dick, SrVP (A.G. Edwards); John J. Park, CFO (W. P. Carey); Dick Grasso, Chairman/CEO (NYSE); Gordon F. DuGan, President/Co-CEO; Wm. Polk Carey, Chairman/Co-CEO ; Francis J. Carey, Vice Chairman; George E. Stoddard, Director (WPC) (L to R) Mark Dick, SrVP (A.G. Edwards); John J. Park, CFO (W. P. Carey); Dick Grasso, Chairman/CEO (NYSE); Gordon F. DuGan, President/Co-CEO; Wm. Polk Carey, Chairman/Co-CEO ; Francis J. Carey, Vice Chairman; George E. Stoddard, Director (WPC) (L to R) Mark Dick, SrVP (A.G. Edwards); John J. Park, CFO (W. P. Carey); Dick Grasso, Chairman/CEO (NYSE); Gordon F. DuGan, President/Co-CEO; Wm. Polk Carey, Chairman/Co-CEO ; Francis J. Carey, Vice Chairman; George E. Stoddard, Director (WPC)

NEW YORK, NY – April 3, 2003– Wm. Polk Carey, Chairman and Co-CEO of investment firm W. P. Carey & Co. LLC (NYSE:WPC) rang the New York Stock Exchange Closing Bell on Thursday, April 3rd in commemoration of the 30th Anniversary of the company’s founding in 1973.  Mr. Carey was joined by President and Co-CEO Gordon F. DuGan, Vice Chairman Francis J. Carey, Chief Investment Officer George E. Stoddard and Chief Financial Officer John J. Park.

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Founded in 1973, W. P. Carey & Co. provides financing to companies around the world through the net lease or sale-leaseback financing structure.  The firm and its affiliates continue to be leading lessors of net leased corporate real estate.  W. P. Carey & Co., the largest publicly traded limited liability company, and its four publicly held non-traded real estate investment trusts (REITs), Corporate Property Associates 12 (CPA^®:12), CPA^®:14, CPA^®:15 and Carey Institutional Properties (CIP^®), maintain a diversified portfolio that includes more than 550 properties throughout the U.S. and Europe comprised of more than 75 million square feet.