Exhibit 99.1
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[LOGO OF ASTORIA FINANCIAL CORPORATION]
Goodwill Claims - Update |
• | U.S. Court of Appeals for the Federal Circuit reversed AF award of $436 million on February 1, 2007 in the LISB case | |
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| – | AF reviewing legal alternatives |
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• | Remaining goodwill litigation claim | |
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| – | $160 million of original supervisory goodwill created by Fidelity NY - $135 million written off |
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| – | U.S. Court of Federal Claims scheduled April 19, 2007 as the commencement of trial for the Fidelity NY claim |