Corporate Governance

CORPORATE GOVERNANCE

AMREP operates within a comprehensive plan of corporate governance for the purpose of defining director independence, assigning Board responsibilities, setting high standards of professional and personal conduct for directors, officers and employees and assuring compliance with such responsibilities and standards. We regularly monitor developments in the area of corporate governance, and we have Corporate Governance Guidelines and By-Laws which form the framework of corporate governance within the Company. In addition, our Board has adopted a Code of Business Conduct and Ethics applicable to all directors, officers and employees of the Company and its subsidiaries, which provides clear guidelines regarding their conduct as representatives of the Company. We also have a Charter of the Audit Committee, a Charter of the Nominating and Corporate Governance Committee, and a Charter of the Compensation and Human Resources Committee, that define the purposes, duties and responsibilities of those committees.

HOW TO CONTACT OUR BOARD OF DIRECTORS

If you wish to communicate directly with our Board of Directors, you may do so by writing to the following address:

Board of Directors
c/o Corporate Secretary
AMREP Corporation
850 West Chester Pike, Suite 205
Havertown, PA 19083

Communications to the Board of Directors regarding accounting, internal accounting controls or auditing matters will be referred to the Audit Committee. Other concerns will be addressed as determined by the Board of Directors.

HOW TO CONTACT OUR AUDIT COMMITTEE

You may contact our Audit Committee to report complaints or concerns regarding accounting, internal accounting controls or auditing matters by writing to the chairperson of that committee at the following address:

Edward B. Cloues, II
AMREP Corporation
850 West Chester Pike, Suite 205
Havertown, PA 19083