Glimcher Realty Trust (NYSE: GRT) today closed the underwritten public offering of 4,000,000 of its 7.50% Series H Cumulative Redeemable Preferred Shares (the “Series H Preferred Shares”) with a liquidation preference of $25.00 per share, including 400,000 Series H Preferred Shares sold pursuant to the underwriters’ exercise of their overallotment option to purchase additional Series H Preferred Shares. The offering generated net proceeds to the Company of approximately $96.4 million, after deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company intends to use approximately $90 million of the net proceeds to redeem all 2,400,000 of Series F Cumulative Redeemable Preferred Shares as well as 1,200,000 of Series G Cumulative Redeemable Preferred Shares, and use the remainder of the proceeds to repay a portion of the amount outstanding under its credit facility. The Company has filed an application to list the Series H Preferred Shares on the New York Stock Exchange under the symbol “GRTPRH”. Trading of the Series H Preferred Shares on the New York Stock Exchange is expected to begin within 30 days after the initial issuance of the Series H Preferred Shares. Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers for the offering. The Huntington Investment Company, KeyBanc Capital Markets, Inc., Raymond James & Associates, Inc. and Stifel, Nicolaus & Company, Incorporated acted as co-managers for the offering. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus supplement and related prospectus. Copies of the prospectus supplement and related prospectus for this offering may be obtained by contacting Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, NC 28262, Attention: Capital Markets Client Support, telephone (800) 326-5897 or e-mail request to email@example.com; or Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 7th Floor, New York, NY 10038, Attention: Prospectus Department; telephone (800) 294-1322 or e-mail a request to firstname.lastname@example.org. About Glimcher Realty Trust Glimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of malls, which includes open-air centers, enclosed regional malls, as well as outlet centers. At June 30, 2012, GRT owned interests in and managed 28 properties with gross leasable area totaling approximately 21.6 million square feet, consisting of 25 malls (21 wholly owned and four partially owned through joint ventures) and three community centers (two wholly owned and one partially owned through a joint venture).