American Realty Capital Properties Extends Tender Offer for Outstanding Cole Credit Property Trust, Inc. Shares

Notice to Investors

This press release is not an offer to purchase, or a solicitation of sales of, CCPT common stock or any other securities.  On March 31, 2014, ARCP and Merger Sub filed with the U.S. Securities and Exchange Commission (the "SEC") a tender offer statement on Schedule TO, as amended to date, which sets forth in detail the terms and conditions of the Offer, and CCPT filed with the SEC a solicitation/recommendation statement on Schedule 14D-9, as amended to date, that includes the unanimous recommendation of CCPT's board of directors that CCPT stockholders accept the Offer and tender their shares of CCPT common stock pursuant to the Offer.  CCPT's stockholders are strongly advised to read these tender offer materials carefully and in their entirety, as they may be amended from time to time, because they contain important information about the Offer that CCPT's stockholders should consider prior to making any decisions with respect to the Offer.  Stockholders of CCPT may obtain a free copy of these documents at the website maintained by the SEC at www.sec.gov or by directing a request to the Information Agent at 2325 E. Camelback Road, Suite 1100, Phoenix, Arizona 85016 or by calling toll-free (866) 907-2653.

Forward-Looking Statements

Information set forth in this press release (including information included or incorporated by reference herein) contains "forward-looking statements" (as defined in Section 21E of the Securities Exchange Act of 1934, as amended), which reflect ARCP's, Merger Sub's and CCPT's expectations regarding future events. The forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. Such forward-looking statements include, but are not limited to, whether and when the transactions contemplated by the Merger Agreement will be consummated, the benefits of the Merger, future financial and operating results, the new combined company's plans, objectives, expectations and intentions and other statements that are not historical facts.

The following additional factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the inability to complete the proposed Offer or Merger due to the failure to satisfy the conditions to completion of the Offer and the Merger; unexpected costs or unexpected liabilities that may arise from the transaction, whether or not consummated; continuation or deterioration of current market conditions; future regulatory or legislative actions that could adversely affect the companies; the business plans of the tenants of the respective parties; the outcome of any legal proceedings relating to the Offer, the Merger or the Merger Agreement; and risks to consummation of the Merger, including the risk that the Merger will not be consummated within the expected time period or at all.  Additional factors that may affect future results are contained in ARCP's, Merger Sub's and CCPT's filings with the SEC, which are available at the SEC's website at www.sec.gov.  ARCP, Merger Sub and CCPT disclaim any obligation to update and revise statements contained in these materials based on new information or otherwise.

Logo - http://photos.prnewswire.com/prnh/20120529/NY15147LOGO

SOURCE American Realty Capital Properties, Inc.