Excel Trust, Inc. Watch

from 8-K 41 pages Dated as of May 12, 2014 Excel Trust, L.P., Issuer, Excel Trust, Inc., Guarantor, and Wells Fargo Bank, National Association, as Trustee Supplemental Indenture $250,000,000 4.625% Senior Notes Due 2024 Contents

from 8-K 54 pages Excel Trust, L.P. Indenture Dated as of May 12, 2014 Wells Fargo Bank, National Association Trustee

from S-3 54 pages Excel Trust, L.P. Indenture Dated as of , 20 Trustee

from S-3 54 pages Excel Trust, Inc. Indenture Dated as of , 20 Trustee

from S-3 54 pages Excel Trust, Inc. Indenture Dated as of , 20 Trustee

from 8-K 2 pages Excel Trust, Inc. Important Notices Classes of Stock

from 8-A12B 2 pages Form of Specimen Certificate for Excel Trust, Inc.

from S-3 54 pages Excel Trust, Inc. Indenture Dated as of , 20 Trustee

from 8-K 2 pages M Ar Y L a N D _ 2009 Seal Excel Trust, Inc. Incorporated This Certifies That Is the Record Holder of Dated: President Secretary Epa Incorporated Under the Laws of the State of Maryla Nd Fully Paid and Nonassessable Shares of the 7.00% Series a Cumulative Convertible Perpetual Preferred Stock, $0.01 Par Value Per Share, of Excel Trust, Inc. (The “Corporation”) Transferable on the Books of the Corporation in Person or by Duly Authorized Attorney Upon Surrender of This Certificate Properly Endorsed. This Certificate and the Shares Represented Hereby Are Issued and Shall Be Held Subject to All of the Provisions of the Charter of the Corporation and the Bylaws of the Corporation and Any Amendments Thereto. This Certificate Is Not Valid Until Countersigned by Thetransfer Agent and Registered by the Registrar. Witness the Facsimile Seal of the Corporation and the Facsimile Signatures of Its Duly Authorized Officers. Cusip 30068c 20 8 See Reverse for Important Notice on Transfer Restrictions and Other Information Countersigned and Registered: Continental Stock Transfer & Trust Company (Jersey City, Nj) Transfer Agent and Registrar By: Authorized Signature

from S-8 2 pages Excel Trust, Inc. Important Notices Classes of Stock

from S-11/A 2 pages Excel Trust, Inc. Important Notices Classes of Stock