CapLease's dividend reinvestment and stock purchase plan allows interested stockholders to reinvest all or a portion of their cash dividends in shares of CapLease common stock and to make monthly purchases of CapLease common stock generally up to a maximum of $10,000 (unless a higher amount is approved by CapLease in its sole discretion). 

By participating in the plan, stockholders will be able to purchase shares of CapLease common stock without paying brokerage commissions or service fees and may be entitled to purchase shares at a discount from the prevailing market price. 

The plan is administered by CapLease's transfer agent, American Stock Transfer & Trust Company. A prospectus including a plan document and plan enrollment forms can be obtained by accessing the transfer agent's web site at www.amstock.com or by calling (866) 706-0513. A prospectus can also be obtained by clicking here. Investors should read the prospectus in its entirety before deciding to invest in CapLease common stock through the plan.