SL Green Realty Corp. Announces $0.10 Dividend on Its Common Stock for Second Quarter 2009

SL Green Realty Corp. (NYSE: SLG) today reported that its Board of Directors has declared a dividend of $0.10 per share of common stock for the quarter ending June 30, 2009. The dividend is payable on July 15, 2009 to shareholders of record at the close of business on June 30, 2009.

The Board of Directors also declared the regular quarterly dividends on the Company's Series C and D Preferred Stock for the period April 15, 2009 through and including July 14, 2009, of $0.4766 and $0.4922 per share, respectively, which are the equivalent of annualized dividends of $1.9064 and $1.9688, respectively. Dividends are payable July 15, 2009 to shareholders of record at the close of business on June 30, 2009.

About SL Green Realty Corp.

SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages Manhattan office properties. The Company is the only publicly held REIT that specializes in this niche. As of March 31, 2009, the Company owned interests in 29 New York City office properties totaling approximately 23,211,200 square feet, making it New York's largest office landlord. In addition, at March 31, 2009, SL Green held investment interests in, among other things, eight retail properties encompassing approximately 400,212 square feet, three development properties encompassing approximately 399,800 square feet and two land interests, along with ownership interests in 32 suburban assets totaling 6,949,700 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.

To be added to the Company’s distribution list or to obtain the latest news releases and other Company information, please visit our website at www.slgreen.com or contact Investor Relations at 212-216-1601.