East Providence, Rhode Island: Today, Capital Properties, Inc. (OTCQX: CPTP) reported net
income of $583,000 and $1,118,000 for the three and six months ended June 30, 2016. Based upon
6,599,912 shares outstanding, the basic income per common share for the same periods was $.09
and $.17, respectively. For the three and six months ended June 30, 2015, the Company had
reported net income of $574,000 and $974,000, respectively. Based upon 6,599,912 shares
outstanding, the basic income per common share for the same periods in 2015 was $.09 and $.15,
respectively.

For the three and six months ended June 30, 2016, leasing revenue increased $33,000 and $104,000,
respectively, from 2015 due to scheduled increases in rents under both short-term and long-term
land leases, offset in part by a decrease in 2016 in the percentage rent under the lease with Lamar
Outdoor Advertising, LLC. For the three and six months ended June 30, 2016, leasing expense
decreased $6,000 and $17,000, respectively, from 2015 due to an decrease in repairs and
maintenance at the Steeple Street Building, offset in part by an increase in the City of Providence
real estate taxes..

For the three and six months ended June 30, 2016, petroleum storage facility revenue increased
$10,000 and $17,000, respectively, from 2015 due to a scheduled cost-of-living rent adjustment
under the Agreement with Sprague Operating Resources LLC. For the three and six months ended
June 30, 2016, petroleum storage facility expense decreased $33,000 and $138,000, respectively,
from 2015 due to lower depreciation expense due to certain assets becoming fully depreciated in
2015 and a decrease in insurance premiums.

For the three and six months ended June 30, 2016, general and administrative expense increased
$78,000 and $74,000, respectively, from 2015 due to an increase in legal fees and costs associated
with the Company’s partial redemption payment on its dividend notes.

For the three and six months ended June 30, 2016, the interest expense, dividend notes was
$166,000 and $313,000, respectively. For the three and six months ended June 30, 2015, the
interest expense, dividend notes was $147,000 and $295,000, respectively. In November 2015, the
Company paid the bank loan in full. The interest expense, bank loan for the three and six months
ended June 30, 2015, was $23,000 and $48,000, respectively.

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