"The Trump Building At 40 Wall Street" to be Unveiled September 29.

NEW YORK--(BUSINESS WIRE)--September 22, 1998--Donald J. Trump will officially unveil his latest development, The Trump Building at 40 Wall Street, with a dedication ceremony and press reception on Tuesday, September 29, 1998 at 10:30 a.m.

The event will mark the return of the New York City landmark to its long-held position as the "Crown Jewel of Downtown Manhattan." Mayor Giuliani and other dignitaries will join Mr. Trump in cutting the ribbon.

40 Wall Street was almost 100% vacant when Mr. Trump bought it approximately two years ago. Now, as The Trump Building, it will soon be 100% rented, having already signed tenants including such high profile corporations as American Express, CNA, Compaq Computers and Bear Stearns. It also happens to possess some of the most exhilarating views in New York City including the lower Manhattan skyline, Hudson River and Statue of Liberty. The 72 story, 1.3 million square foot office tower was, at the time of its original construction, the tallest building in the world. It is still the tallest structure in downtown Manhattan after the World Trade Center.

"The Trump Building at 40 Wall Street signaled a change in the real estate market in lower Manhattan, which had been in serious peril," remarked Mr. Trump. "What we have accomplished with this renovation is to prove once again, New York City's downtown area was, is and will always be the epicenter of the global business community and that there is tremendous opportunity to develop properties here that pay allegiance to the past and are technologically prepared for the next century."

The Trump Building at 40 Wall Street now features a state-of-the-art telecommunications system that offers the highest level of technology available in the marketplace. Time Warner Communications, Shared Technologies Fairchild, MCI Telecommunications Corporation, Fusion InfoCom Systems and WinStar Telecommunications: all contributed to the state-of-the art package. The new telecommunications, along with the building's location at the very core of the financial district, has been highly effective in luring several major hardware and software companies including Compaq Computers. The support of the building's new infrastructure has proved to be a critical asset for hi-tech/financial companies wishing to relocate to the area of Wall Street becoming known as "Silicon Alley."

Specifically, the building features the highly unusual but preventative luxury of two backup systems for its telecommunications network. One system uses a WinStar wireless fiber, connected via satellite dish, providing above ground access to the satellite network. Bell Atlantic invested $2 million in new cabling and equipment.

The Trump Building at 40 Wall Street features every possible cutting-edge technological capability, readying the property for the new millennium. The building has been completely rewired in order to provide tenants with top-of-the-line Hvac, electrical and life-safety systems. The building has also replaced the existing elevators with up-to-date cars to provide quick and efficient service to each floor. Additional features include supplemental air conditioning and cable television.

The lobby at 40 Wall Street has also undergone a dazzling renovation featuring all new Italian marble and bronze offering tenants the top-of-the-line amenities they would expect from one of the world's great buildings. The main security desk features computerized tenant directories to ensure a swift and closely monitored flow of visitors who enter and exit the property.

Other significant renovation and upgrading projects include the addition of two 1,300-ton York chillers, further enhancing the building's interior mechanical system, and the installation of 3,500 brand new Wausau windows.

Situated at the corner of Wall and Broad Streets, across from the New York Stock Exchange, The Trump Building at 40 Wall Street offers over 100,000 square feet of divisible retail space at a highly active pedestrian junction. Combining space age technology with classic architectural elegance that cannot be duplicated by buildings of a more recent vintage, the structure is, arguably, the most beautiful office building in New York City. Having completed its renovation, The Trump Building at 40 Wall Street is now poised to assume the mantle as the crown jewel of the lower Manhattan skyline, an enduring testament to the city's splendid past and a symbol of its brilliant future.

Mr. Trump has just completed The Trump International Hotel & Tower at One Central Park West, is building the super-luxury apartment house at Sixty-fifth and Park Avenue known at 610 Park Avenue, and is building the first phase at Trump Place on the west side of Manhattan, the largest development ever approved by the New York City planning department. Mr. Trump is also starting construction of the Trump World Tower, a new condominium facing the United Nations and, in addition, has just bought the General Motors Building.