THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Astoria Financial Corporation (AF)

4/10/2006 Proxy Information

It is the policy of AFC and the Association that all transactions, including loans (which are only made by the Association), between AFC or the Association and its directors, executive officers, members of their families, holders of ten percent (10%) or more of the shares of any class of its common stock, and affiliates thereof, (i) may be made only in the ordinary course of AFCÕs and the AssociationÕs businesses, (ii) contain terms no less favorable to AFC or the Association than could have been obtained in arms-length negotiations with unaffiliated persons, and (iii) must be approved by a majority of the independent outside directors of AFC or the Association, respectively, not having any interest in the transaction or, as allowed by law, are benefits provided generally to all full time employees of the Association on a nondiscriminatory basis and such benefits have been similarly approved by the Board. Loans may not involve more than the normal risk of collection or present other unfavorable features. All loans outstanding to the directors, Board Nominees or executive officers of AFC or members of their immediate families were made in conformity with the AssociationÕs policy in this regard and have not been classified as non-accrual, past due, restructured or potential problem loans. All such loans are subject to and comply with the insider lending restrictions of Section 22(h) of the Federal Reserve Act (12 U.S.C. Section 375b).

4/11/2005 Proxy Information

It is the policy of AFC and the Association that all transactions, including loans (which are only made by the Association), between AFC or the Association and its directors, executive officers, members of their families, holders of ten percent (10%) or more of the shares of any class of its common stock, and affiliates thereof, (i) may be made only in the ordinary course of AFC's and the Association's businesses, (ii) contain terms no less favorable to AFC or the Association than could have been obtained in arms-length negotiations with unaffiliated persons, and (iii) must be approved by a majority of the independent outside directors of AFC or the Association, respectively, not having any interest in the transaction or, as allowed by law, are benefits provided generally to all full time employees of the Association on a nondiscriminatory basis and such benefits have been similarly approved by the Board. Loans may not involve more than the normal risk of collection or present other unfavorable features. All loans outstanding to the directors, Board Nominees or executive officers of AFC or members of their immediate families were made in conformity with the Association's policy in this regard and have not been disclosed as non-accrual, past due, restructured or potential problem loans. All such loans are subject to and comply with the insider lending restrictions of Section 22(h) of the Federal Reserve Act (12 U.S.C. 'SS'375b).

John L. Conefry served as an executive officer of Astoria Financial Corporation from September 1998 to December 2000.

From 1993 until January 1995, Thomas V. Powderly served as Chairman and Chief Executive Officer. Fidelity was aquired by Astoria in January 1995.

4/16/2004 Proxy Information

Mr. ConefryÕs spouse is the niece of the sister-in-law of Mr. Conway.

John L. Conefry served as an executive officer of Astoria Financial Corporation from September 30, 1998 to December 29, 2000.

Lawrence W. Peters joined The Long Island Savings Bank FSB (LISB) in 1989 as a Senior Executive Vice President and Chief Lending Officer. He retired from his management position with LISB in 1995 and rejoined Long Island Bancorp, Inc. (LIB) and LISB as President and Chief Operating Officer in 1997. Prior to initially joining LISB, Mr. Peters was employed by The Dime Savings Bank of New York, F.S.B. as Vice Chairman and was in charge of all lending functions. Astoria aquired LIB and LISB in September 1998.

Thomas V. Powderly served Fidelity New York, F.S.B. (Fidelity) in a variety of capacities. From 1986 to 1990, he served as Executive Vice President. In 1990, he was appointed President and Chief Operating Officer and in 1992 was named Chief Executive Officer. He was named Chairman of Fidelity in 1993. From 1993 until January, 1995, he served as Chairman and Chief Executive Officer. Prior to 1986, Mr. Powderly held positions with Edward S. Gordon, Inc., a commercial real estate brokerage and management firm, and with several thrift institutions. Fidelity was aquired by Astoria in January 1995.

4/8/2003 Proxy Information

John Conefry's spouse is the niece of the sister-in-law of Mr. Robert Conway. Effective December 29, 2000, AFC entered into an agreement, or the Settlement Agreement, with John J. Conefry, Jr. pursuant to which Mr. Conefry resigned as an executive officer of AFC and his rights pursuant to his employment agreement with AFC were settled. Pursuant to the Settlement Agreement, AFC continued to provide him with life and health insurance coverage on the same basis as if he had remained an employee of AFC for a period of three years, including during 2002.