Lukoil Transfers Ownership of Getty Petroleum Marketing Inc.

JERICHO, N.Y. -- Getty Petroleum Marketing Inc., to an unrelated party.

Getty Realty Corp. said it was informed of the deal yesterday by Lukoil management and was told today by the new management of Getty Petroleum Marketing that the monthly rental payment due under its Master Lease by close of business on March 1, will not be received until sometime on or before March 7.

The realty company noted it cannot provide any assurance that Getty Petroleum Marketing will meet its rental, environmental or other obligations under the Master Lease with the company.

Getty Realty Corp. is the largest publicly-traded real estate investment trust in the United States specializing in ownership and leasing of convenience store/gas station properties and petroleum distribution terminals. As of December 31, 2010, the company owned 907 properties and leased 145 properties.

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