Former NYCEDC and FCRC Executive Joins Trinity Place Holdings Trinity to Open New York City Office this Summer

SECAUCUS, NEW JERSEY (May 13, 2014).

Trinity Place Holdings, Inc. (OTC: TPHS) announced
today that Miriam G. Harris has joined the company as Executive Vice President. In this role, Ms. Harris
will be involved in all aspects of Trinity’s real estate business and she will be based in the company’s new
Manhattan offices when the company moves from New Jersey this summer.

A seasoned real estate industry executive, Ms. Harris brings more than 16 years of acquisition,
development, leasing, financing, marketing and asset management experience to Trinity. Most recently,
Ms. Harris served as an Executive Vice President and Co-head of the Real Estate Transaction Services
Group for the New York City Economic Development Corporation (NYCEDC) where she oversaw some
of the most complex public-private land development deals completed under the Bloomberg
Administration. Notable projects spearheaded by Ms. Harris included the Applied Sciences Project that
led to the successful designation of Cornell NYC Tech, a partnership of Cornell University and the
Technion – Israel Institute of Technology to develop a 2 million square foot mixed-use graduate
engineering campus on Roosevelt Island, the 62-acre Willets Point redevelopment project and the 1.9
million square foot Seward Park mixed-use development.

Prior to joining NYCEDC, Ms. Harris spent over a decade at Forest City Ratner Companies (FCRC)
where she served as Vice President for Commercial Development and managed the acquisition,
development, marketing and leasing of the 1.6 million square foot New York Times Building in Times
Square. During her tenure at FCRC, Ms. Harris also contributed to the company’s hotel development
projects, including the Embassy Suites Hotel (currently the Conrad Hotel) in Battery Park City and the
Hilton Times Square.

Ms. Harris earned a Masters in Urban Planning from Harvard University, a Masters in Art History from
the University of Chicago and Bachelor’s degree from Swarthmore College.

Matthew Messinger, President & CEO of Trinity Place Holdings stated: “I cannot be more pleased that
such a talented and experienced real estate professional has joined Trinity’s leadership team. Miriam’s
broad-based experience, from financial analysis, financing and acquisitions to development, marketing
and leasing, and her deep knowledge of the New York Metro market will serve our company and our
shareholders well. I welcome my former colleague to the Trinity family.”

Trinity will open the company’s new headquarters this summer at 717 Fifth Avenue in Midtown
Manhattan. Trinity Place Holdings was represented on this new lease by David Rosenbloom and Emily
Weber of Cushman and Wakefield and the Landlord, Equity Office was represented by Zachary Freeman
of CBRE and Jessica Kanfer at Equity Office.

About Trinity Place Holdings, Inc.
Trinity Place Holdings currently has significant real estate in three states and a variety of consumer-sector
intellectual property rights. Trinity’s assets include real estate in markets such as Westbury, New York,
Paramus and Secaucus, New Jersey, West Palm Beach, Florida, and “Trinity Place,” one of lower
Manhattan’s premier development sites. In addition, Trinity intellectual property includes rights related to
the Filene’s Basement trademarks. The company is currently traded OTC under the symbol TPHS. Its
current assets are the legacy of certain Syms Corp. and Filene’s Basement holdings as a result of those
companies having emerged from Chapter 11 bankruptcy under a plan of reorganization in September
2012. More information on the Company can be found at

Forward Looking Statements
Certain statements contained in this press release are “forward-looking” statements involving risks and
uncertainties that may cause actual future events or results to differ materially from those described in the
forward-looking statements. Words such as “expects,” “intends,” “anticipates,” “should,” “believes,”
“will,” “plans,” “estimates,” “may,” variations of such words and similar expressions, are intended to
identify such forward-looking statements. The company disclaims any intention or obligation to revise
any forward-looking statements whether as a result of new information, future developments, or
otherwise. Additional information concerning factors that could cause actual future events and results to
differ materially from those described in the forward-looking statements is contained from time to time in
documents filed by the company with the Securities and Exchange Commission.