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W. P. Carey & Co. To Release Second Quarter 2003 Financial Results on Tuesday, July 29th

Conference Call and Audio Webcast Scheduled For 11:00 AM

July 15, 2003

NEW YORK, NY – July 15, 2003 – Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that it will release its financial results for the second quarter 2003 prior to market-open on Tuesday, July 29, 2003. The financial results will be released over First Call, direct fax, electronic mail, W. P. Carey’s corporate website and all major wire services.

Conference call and webcast details:

Date: Tuesday, July 29, 2003

Start Time: 11:00 AM (EST)

Call-in Number: 800-915-4836
(International) 973-317-5319

Replay Number: 800-428-6051
(International) 973-709-2089

Access code:  297720

WebcastARCHIVED

Speakers: Chairman Wm. Polk Carey, President Gordon F. DuGan and Chief Financial Officer John J. Park

Format: Discussion of second quarter 2003 financial results followed by Q&A.

Founded in 1973, W. P. Carey & Co. specializes in corporate real estate financing through the corporate net lease or sale-leaseback structure.  The firm and its affiliated income generating, publicly held, non-traded real estate investment trusts (REITs) continue to be leading lessors of net-leased corporate real estate.  The largest publicly traded limited liability company in the world, W. P. Carey owns and/or manages more than 550 commercial and industrial properties throughout the United States and Europe comprised of more than 75 million square feet.

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