Partnership Name

Malkin Holdings has been sending letters to investors explaining details about the proposed consolidation and IPO. Have you received these letters? Do you have questions? Please feel free to contact us at (212) 687-8700.

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This communication shall not constitute an offer to sell or the solicita- tion of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to regi- stration or qualification under the securities laws of such jurisdiction.

Each of the three public entities, Empire State Building Associates L.L.C., 60 East 42nd St. Associates L.L.C. and 250 West 57th St. Associates L.L.C. (the “Companies”) and their agents and supervisor, and each officer and director of them or of Empire State Realty Trust Inc., (the “REIT”) may be deemed to be a participant in the solicitation of consents in connection with the proposed consolidation. The names of such persons and a descrip- tion of their interests in the Companies and the REIT are set forth, respectively, in each Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and the REIT’s Registration Statement on Form S-4, which have been filed with the SEC.

We urge you to review such Registration Statement on Form S-4 and other related documents now filed or to be filed with the SEC, because they contain important information. You can obtain them without charge on the SEC’s website at www.sec.gov.

*  The distributions represented by this check (or deposit advice) have been paid from funds generated from operations (net income plus depreciation less debt reduction), unless otherwise noted in annual financial statements or other correspondence to investors.

Malkin Holdings LLC - Spec #2

One Grand Central Place

60 East 42nd Street

New York, N.Y. 10165-0015

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