Forest City Enterprises Inc Employee Benefit Trust

“The trust did not hold any meetings or undertake any written actions.”

“The review process for form 990 is as follows: it is prepared and detail reviewed by the sponsor organization's tax department. The director reviews for completeness . A copy is then sent and reviewed by one of the trust board of directors.”

“All officers, directors and trustees are subject to the code of conduct policies of the sponsor organization. As such, each must sign a statement stating adherence to these policies which include general ethics provisions, code of conduct, conflict of interest, and whistleblower policies. These are reviewed annually and have been in place by the sponsor organization since 1995. Sponsor organization also has document retention policies in place that require retention of files and documentation to support irs filing requirements concerning length and terms. Further, these policies are subject to the rules promulgated by the security and exchange commission, ("sec") under section 406 of the sarbanes-oxley act of 2002 and the new york stock exchange listing requirements.”

“The governing documents and financial statements are not made available to the public. Plan participants are given a summary annual report and can request a copy of the full financial statements. The conflict of interest policy is consistent with the new york stock exchange listing requirements and applicable law, this code is included on the sponsoring organization's website and will be made available upon request sent to the sponsoring organization's secretary. The sponsoring organization's annual report will state that this code is available on the sponsoring organization's website and is available upon request sent to the sponsoring organization's secretary.”

“Other changes in net assets or fund balances represents the net change in benefits payable.”

“Increase in benefits payable (5,452) Transfer of benefits payable to an affiliated plan 57,939 Total 52,487”