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CapLease Announces Partial Redemption of 8.125% Series A Preferred Stock



  CapLease Announces Partial Redemption of 8.125% Series A Preferred Stock

Business Wire

NEW YORK -- March 4, 2013

CapLease, Inc. (NYSE: LSE)  announced today that it is redeeming another
815,000 shares of its 8.125% Series A Cumulative Redeemable Preferred Stock,
representing 30.79% of the total outstanding shares of the Series A Preferred
Stock. The Series A Preferred Stock will be redeemed at a price of $25.00 per
share plus all accumulated and unpaid dividends through the redemption date,
April 3, 2013, for a total of $25.44010 per share. After the redemption date,
dividends on the shares of Series A Preferred Stock being redeemed will cease
to accumulate.

Redemptions will be on a pro rata basis (as nearly as practicable without
creating fractional shares) from each registered holder. Holders of shares of
Series A Preferred Stock through the Depository Trust Company will be redeemed
in accordance with the applicable procedures of the Depository Trust Company.

The notice of redemption and related materials will be mailed to the
registered holders of Series A Preferred Stock on March 4, 2013. Questions
relating to, and requests for additional copies of, the notice of redemption
and related materials should be directed to the redemption agent, American
Stock Transfer & Trust Company, LLC, 6201 15^th Avenue, Brooklyn, New York
11219, Attention: Reorganization Department at 877-248-6417.

About the Company:

CapLease, Inc. is a real estate investment trust, or REIT, that primarily owns
and manages a diversified portfolio of single tenant commercial real estate
properties subject to long-term leases to high credit quality tenants.

Contact:

Investor Relations/Media Contact:
ICR, LLC
Brad Cohen, 212-217-6393
bcohen@icrinc.com
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