X0206 3 2013-12-20 0 0001647509 Forest City Realty Trust, Inc. FCEA/FCEB 0001666951 Kevin Ratner 1986 Trust Agreement dated December 18, 1986 50 PUBLIC SQUARE, SUITE 1600 CLEVELAND OH 44113 0 0 0 1 member of 10% group Class B Common Stock 187327 D Class A Common Stock 8089 D Stocks are convertible from Class B Common to Class A Common on 1-for-1 basis. The reporting person is a party of the Ratner, Miller & Shafran Shareholders Agreement, dated 12/20/2013 (the "Agreement"). As a result of the terms of the Agreement and the beneficial ownership of all parties thereto, the reporting person may be deemed to be a member of a "group", within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, that owns more than 10% of the outstanding shares of Class B Common Stock of the Issuer. /s/ Mark R. Tepsich, Attorney-In-Fact for Jonathan Ratner 1992 Trust Agreement dated January 2, 1992 2016-02-10