Glimcher Realty Trust Board of Trustees Declares Third Quarter Dividends for 2008

COLUMBUS, Ohio—September 10, 2008—Glimcher Realty Trust (NYSE: GRT), —

one of the country’s premier retail REITs, today announced that the company’s Board of Trustees has declared a cash dividend of $0.32 per common share for the third quarter of 2008.  This cash dividend is payable on October 15, 2008 to shareholders of record on September 30, 2008.  On an annualized basis, this is the equivalent of $1.28 per share.

In addition, the company declared a cash dividend of $0.5469 per Series F preferred share of beneficial interest for the third quarter of 2008.  This cash dividend is payable on October 15, 2008 to shareholders of record on September 30, 2008.  On an annualized basis, this is the equivalent of $2.1876 per preferred share.

Finally, the company declared a cash dividend of $0.5078 per Series G preferred share of beneficial interest for the third quarter of 2008.  The cash dividend is payable on October 15, 2008 to shareholders of record on September 30, 2008.  On an annualized basis, this is the equivalent of $2.0312 per preferred share.

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