X0202 4 2004-09-15 0 0000006207 AMREP CORP AXR 0000918213 KARABOTS NICK G P O BOX 736 FORT WASHINGTON PA 19034 1 0 1 0 Common Stock 2004-09-15 4 A 0 1250 0 A 1251858 D Common Stock 1391180 I by Glendi Publications, Inc. Common Stock 410000 I by Kappa Media Group, Inc. Common Stock 580165 I by The Karabots Foundation The reporting person may be deemed to control this entity. The Karabots Foundation is a private non-profit corporation. The reporting person disclaims beneficial ownership of these shares. /s/ Irving Needleman, Attorney-in-Fact 2004-09-16