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Safety, Income & Growth Upsizes Revolving Credit Facility to $350 Million

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Mizuho Bank Commits $50 Million, Increasing Credit Facility Line of
Participants to Six

Safety, Income & Growth Inc. (NYSE:SAFE), the leading company focused on
ground leases, announced that Mizuho Bank has committed $50 million,
upsizing the revolving credit facility to $350 million. The credit
facility has an interest rate of LIBOR plus 135 basis points, one of the
lowest priced secured revolving credit facilities among rated and
unrated companies, reflecting the embedded safety that ground leases
provide. The availability of low-interest, flexible capital enables SAFE
to continue executing its strategic plan to expand its high quality
ground lease portfolio and deliver value to its customers and
shareholders.

"We're very pleased to have increased our borrowing capacity and further
diversify our lending sources. Mizuho Bank's $50 million commitment,
demonstrates its confidence in our business model and our financial
stability," said Andrew Richardson, Chief Financial Officer. "With
access to efficient capital and sizeable drawing capacity, SAFE is
well-positioned to continue along its growth trajectory."

The credit facility may be utilized to acquire or finance ground lease
transactions as well as for other corportate purposes.

Safety, Income & Growth Inc. (NYSE:SAFE) is the first publicly traded
company that focuses on acquiring, owning, managing and capitalizing
ground leases. The Company seeks to provide safe, growing income and
capital appreciation to shareholders by building a diversified portfolio
of high quality ground leases. The Company, which is taxed as a real
estate investment trust (REIT), is managed by its largest shareholder,
iStar Inc. Additional information on SAFE is available on its website at www.safetyincomegrowth.com.

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