Power REIT

The Trust has a Code of Business Conduct, with which all officers and trustees must comply. A copy of the code may be viewed on our website atwww.pwreit.com, and printed copies may be requested, without charge, by writing to us at 301 Winding Road, Old Bethpage, NY 11804, Attention: Investor Relations. If we make any substantive amendments to the Code of Business Conduct or grant any waiver from a provision of the Code of Business Conduct to any executive officer or director, we will promptly disclose the nature of the amendment or waiver on our website if such disclosure is required by the SEC or the NYSE American rules.