THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Loews Corporation (LTR)

4/3/2006 Proxy Information

We provided an apartment at a hotel in New York City owned by a subsidiary for use by the late Mr. Preston R. Tisch, who served as our Chairman of the Board, and his wife, for our convenience and that of our subsidiary. The incremental cost to us in 2005 was approximately $694,000. When Mr. Tisch died in November 2005 the lease for that apartment with Mr. Tisch’s widow, Joan H. Tisch, commenced. That lease, which had been signed in 2001 following the approval of our Audit Committee, provides for rent of $660,000 per year, with increases commencing in 2007 based upon inflation. Mrs. Tisch also rents an additional room at that hotel for a market based rent of $4,209 a month.

TFMG LLC, an entity affiliated with Messrs. A.H. Tisch, J.S. Tisch and J.M. Tisch, who are the members of our Office of the President, and certain related persons, occupies space and utilizes certain services and facilities of ours, the cost of which is reimbursed to us. In addition, from time to time the Messrs. Tisch and members of their immediate families have chartered our aircraft for personal travel. For the use of our owned aircraft the charterer pays us a charter rate at the same rate we charge to unaffiliated third parties, which rate equals or exceeds our out-of-pocket operating costs, and for an aircraft in which we hold a fractional interest, at a rate equal to our incremental costs. In addition, a member of the Tisch family rented an apartment at a hotel owned by a subsidiary at a market-based rent through June 2005. Our cost for these items and the reimbursement methodology and procedures have been reviewed and approved by our Audit Committee. The total amount paid to us in 2005 in connection with the foregoing was approximately $1,387,500.

3/25/2005 Proxy Information

Preston R. Tisch is Chairman of the Board of the Company. Wilma S. Tisch was the wife of Mr. P.R. Tisch’s late brother, Laurence A. Tisch. James S. Tisch, President and Chief Executive Officer and a director of the Company, and Andrew H. Tisch, Chairman of the Executive Committee and a director of the Company, are sons of Mrs. Tisch and nephews of Mr. P.R. Tisch. Jonathan M. Tisch, Chairman and Chief Executive Officer of Loews Hotels and a director of the Company, is the son of Mr. P.R. Tisch. Each of Messrs. J.S. Tisch, A.H. Tisch and J.M. Tisch are members of the Company’s Office of the President.

The Company provides an apartment at a Company operated hotel in New York City for the use of Preston R. Tisch, for the convenience of the Company and its hotel subsidiary, at an incremental cost to the Company of approximately $713,000 in 2004.

TFMG, LLC, an entity affiliated with Messrs. P.R. Tisch, A.H. Tisch, J.S. Tisch and J.M. Tisch, and certain related persons occupy Company office space and utilize certain services and facilities of the Company the cost of which is reimbursed to the Company. A member of the Tisch family rents an apartment at a Company operated hotel in New York City, for which he pays a monthly market-based rent. In addition, from time to time the Messrs. Tisch and members of their immediate families have chartered the Company’s aircraft for personal travel. For this use, the charterer pays the Company a charter rate that substantially equals its out-of-pocket operating costs and, where applicable, is at the same charter rate charged to unaffiliated third parties. The Company’s cost for these items and reimbursement methodology and procedures have been reviewed and approved by the Company’s Audit Committee. The total amount paid to the Company in 2004 in connection with the foregoing was approximately $1,169,000.

3/25/2004 Proxy Information

Preston R. Tisch is Chairman of the Board of the Company. Wilma S. Tisch was the wife of Mr. P.R. Tisch's late brother, Laurence A. Tisch. James S. Tisch, President and Chief Executive Officer and a director of the Company, and Andrew H. Tisch, Chairman of the Executive Committee and a director of the Company, are sons of Mrs. Tisch and nephews of Mr. P.R. Tisch. Jonathan M. Tisch, Chairman and Chief Executive Officer of Loews Hotels and a director of the Company, is the son of Mr. P.R. Tisch. Each of Messrs. J.S. Tisch, A.H. Tisch and J.M. Tisch are members of the Company's Office of the President.

The Company provides an apartment at a Company operated hotel in New York City for the use of Preston R. Tisch, for the convenience of the Company and its hotel subsidiary, at an incremental cost to the Company of approximately $695,000 in 2003.

TFMG, LLC, an entity affiliated with Messrs. P.R. Tisch, A.H. Tisch, J.S. Tisch and J.M. Tisch, and certain related persons occupy Company office space and utilize certain services and facilities of the Company. The Company's cost for these items is fully reimbursed and the reimbursement methodology and procedures have been reviewed and approved by the Company's Audit Committee. The total reimbursement paid in 2003 was approximately $313,000.

4/1/2003 Proxy Information

Laurence A. Tisch and Preston R. Tisch are each Co-Chairman of the Board of the Company, and are brothers. James S. Tisch, President and Chief Executive Officer and a director of the Company, and Andrew H. Tisch, Chairman of the Executive Committee and a director of the Company, are sons of Mr. L.A. Tisch. Jonathan M. Tisch, Chairman and Chief Executive Officer of Loews Hotels and a director of the Company, is the son of Mr. P.R. Tisch. Each of Messrs. J.S. Tisch, A.H. Tisch and J.M. Tisch are members of the Company's Office of the President.

Messrs. L.A. Tisch and P.R. Tisch, Co-Chairmen of the Board of Directors, and their affiliates reimbursed to the Company approximately $5,219,000 in the aggregate for the utilization by them of the services of certain employees and facilities of the Company during 2002. On January 1, 2003 individuals who provided these services became employees of new entities including entities established by the Messrs. Tisch and their affiliates. The termination of employment with the Company would have resulted in the forfeiture of certain retirement benefits for six individuals, the cost of which had been included in the reimbursement referred to above. In order to prevent the loss of these benefits, the Company has amended its Retirement Plan to count service with the new employer solely for the purpose of determining vesting and eligibility for benefits. These benefits aggregated in value approximately $277,000 based upon the actuarial assumptions provided in the Retirement Plan. The terms of the amendment were reviewed by the Company's Audit Committee and approved by the Board of Directors upon that committee's recommendation. None of the Messrs. L.A. Tisch, P.R. Tisch, A.H. Tisch, J.S. Tisch or J.M. Tisch participated in the deliberation or vote on this matter.

The Company provides an apartment at a Company operated hotel in New York City for the use of Preston R. Tisch, for the convenience of the Company and its hotel subsidiary, at an incremental cost to the Company of approximately $670,000 in 2002. During 2002 the Company and its subsidiaries paid brokerage commissions aggregating approximately $348,000 to a securities firm in which Daniel R. Tisch, a son of Laurence A. Tisch, is a principal shareholder, officer and director. Similar transactions with such firm may be expected to occur in the future.

In September 2001, the Company provided a ten year loan to Arthur L. Rebell, its Chief Investment Officer and Senior Vice President, in the original principal amount of $550,000, with interest of 4.82% per annum payable annually. On October 2, 2002, the aggregate principal and interest amount of this loan, $551,598, was repaid in full.

Mr. Noha previously served as Chairman of CNA Financial Corporation (a 90% owned subsidiary of Lowes Corporation) and as Chairman and Chief Executive Officer of the CNA Insurance Companies.

Bernard Myerson and Edward J. Noha, who were directors of the Company during 2002, had formerly served as officers of the Company or its subsidiaries.