Omega Healthcare Announces Public Offering of 6,000,000 Shares of Common Stock

Omega Healthcare Investors, Inc. announced an underwritten public offering of 6,000,000 shares of its common stock. The last reported sale of Omega’s common stock on the New York Stock Exchange on September 15, 2008 was $17.23. Omega expects to use the proceeds to repay indebtedness outstanding under its senior credit facility, for working capital and general corporate purposes. Completion of the offering is subject to customary closing conditions. UBS Investment Bank was the Sole Book Running Manager and Stifel Nicolaus was the Co-Manager on this offering.

The shares of common stock are being offered under Omega’s existing shelf registration statement on file with the Securities and Exchange Commission. A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus supplement and the accompanying prospectus may be obtained from:

UBS Investment Bank
Prospectus Department
299 Park Avenue
New York, NY 10171