CapLease Announces Meeting Date for Special Stockholders Meeting in Connection with Merger

  CapLease Announces Meeting Date for Special Stockholders Meeting in
  Connection with Merger

Business Wire

NEW YORK -- July 31, 2013

CapLease, Inc. (the “Company”) (NYSE:LSE) today announced that it will hold a
special meeting of its common stockholders on Tuesday, September 10, 2013, at
10:00 a.m., local time, at the offices of Hunton & Williams LLP, located at
200 Park Avenue, 52nd Floor, New York, New York 10166. The purpose of the
special meeting will be to consider and vote upon a proposal to approve the
merger of the Company with and into a wholly owned subsidiary of American
Realty Capital Properties, Inc. and other related proposals. The close of
business on July 12, 2013 has been fixed as the record date for determination
of the Company’s common stockholders entitled to notice of, and to vote at,
the special meeting of common stockholders.

About CapLease

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.

Forward-Looking Statements

Any statements in this press release about prospective performance and plans
for the Company, the expected timing of the completion of the proposed merger
and the ability to complete the proposed merger, and other statements
containing the words “estimates,” “believes,” “anticipates,” “plans,”
“expects,” “will,” and similar expressions, other than historical facts,
constitute forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Factors or
risks that could cause our actual results to differ materially from the
results we anticipate include, but are not limited to: (1)the occurrence of
any event, change or other circumstances that could give rise to the
termination of the Merger Agreement; (2)the inability to complete the
proposed merger due to the failure to obtain stockholder approval for the
merger or the failure to satisfy other conditions to completion of the merger;
(3)risks related to disruption of management’s attention from the Company’s
ongoing business operations due to the merger; (4)the effect of the
announcement of the proposed merger on the Company’s relationships with its
customers, tenants, lenders, operating results and business generally; (5) the
outcome of any legal proceedings relating to the merger or the Merger
Agreement; and (6) risks to consummation of the merger, including the risk
that the merger will not be consummated within the expected time period or at
all.

Actual results may differ materially from those indicated by such
forward-looking statements. In addition, the forward-looking statements
included in this press release represent our views as of the date hereof. We
anticipate that subsequent events and developments will cause our views to
change. However, while we may elect to update these forward-looking statements
at some point in the future, we specifically disclaim any obligation to do so.
These forward-looking statements should not be relied upon as representing our
views as of any date subsequent to the date hereof. Additional factors that
may cause results to differ materially from those described in the
forward-looking statements are set forth in the Company’s Annual Report on
Form 10-K for the fiscal year ended December 31, 2012, which was filed with
the SEC on February 21, 2013, under the heading “Item 1A—Risk Factors,” and in
subsequent reports on Forms 10-Q and 8-K filed with the SEC by the Company.

Additional Information about the Proposed Merger and Where to Find It

In connection with the proposed merger, the Company filed a preliminary proxy
statement on Schedule 14A with the Securities and Exchange Commission (the
“SEC”) on July 2, 2013. When completed, a definitive proxy statement and a
form of proxy will be mailed to the Company’s common stockholders. THE
COMPANY’S COMMON STOCKHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT
AND THE OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY
VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED MERGER BECAUSE
THESE MATERIALS CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED
MERGER AND RELATED MATTERS. The proxy statement and other relevant materials
(when available), and any and all documents filed by the Company with the SEC
may be obtained free of charge at the SEC’s website at www.sec.gov. In
addition, investors may obtain a free copy of the Company’s filings with the
SEC from the Company’s website at www.caplease.com under Investors—SEC
Filings—Filings or by directing a request to: CapLease, Inc., 1065 Avenue of
the Americas, New York, New York 10018, Attn: Investor Relations,
(212)217-6300.

Participants in Solicitation

This press release is neither a solicitation of proxy, an offer to purchase
nor a solicitation of an offer to sell shares of the Company. The Company, its
executive officers and directors may be deemed to be participants in the
solicitation of proxies from the common stockholders of the Company in
connection with the proposed merger. Information about those executive
officers and directors of the Company and their ownership of the Company’s
common stock is set forth in the Company’s proxy statement for its 2013 annual
meeting of stockholders, which was filed with the SEC on April 19, 2013, and
its Annual Report on Form 10-K for the year ended December 31, 2012, which was
filed with the SEC on February 21, 2013. These documents may be obtained free
of charge at the SEC’s website at www.sec.gov, on the Company’s website at
www.caplease.com under Investors—SEC Filings—Filings and from the Company by
directing a request to: CapLease, Inc., 1065 Avenue of the Americas, New York,
New York 10018, Attn: Investor Relations, (212)217-6300. Additional
information regarding the interests of participants in the solicitation of
proxies in connection with the merger was included in the preliminary proxy
statement on Schedule 14A, which the Company filed with the SEC on July 2,
2013, and may be updated or supplemented in the definitive proxy statement and
other documents that the Company intends to file with the SEC.

Contact:

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