Form SC 13G/A DIME COMMUNITY BANCSHARE Filed by: DIME COMMUNITY BANCSHARES INC

The Compensation Committee (the "Committee") of Dime Community Bancshares, Inc. serves certain administrative functions for the Employee Stock Ownership Plan of Dime Community Bancshares, Inc. and Certain Affiliates (the "ESOP"), an employee stock ownership plan under the Employee Retirement Income Security Act of 1974, as amended ("ERISA") with individual accounts for the accrued benefits of participating employees and their beneficiaries.��The Committee also serves certain administrative functions for The Dime Savings Bank of Williamsburgh 401(k) Plan ("401(k) Plan").��In addition, the Committee acts as Trustee and possesses voting authority over�289,660 Restricted Stock Awards ("Restricted Stock Awards") granted to certain officers of the Company or Bank under the Dime Community Bancshares, Inc. 2004 Stock Incentive Plan.��As of December 31, 2014, the ESOP owns 3,104,001 shares of the Company's common stock, of which�2,244,304 of such shares had been allocated to individual accounts established for participating employees and their beneficiaries, and 859,697�of such shares were held, unallocated, for allocation in future years.��These shares have also been reported on the Schedule 13G/A filed by the Employee Stock Ownership of Dime Community Bancshares, Inc. and Certain Affiliates on February 6, 2015.��All shares of common stock owned by the ESOP are held by Pentegra Asset Management, as Trustee, as of December 31, 2014.��The Committee has the power and authority to direct the Trustee of the ESOP with respect to the investment of the ESOP's assets (including the acquisition or disposition of both allocated and unallocated shares of the Company) in the absence of a tender offer, but has no voting power with respect to any shares.��With respect to the ESOP, ERISA, in limited circumstances, may confer upon the Trustee the power and duty to control the voting and tendering of Common Stock allocated to the accounts of participating employees and beneficiaries who fail to exercise their voting and/or tender rights.��As of December 31, 2014, the Company Stock Fund of the 401(k) Plan ("401(k) Plan Company Stock Fund") owns�542,222 of the Company's common stock, all of which are held�by Pentegra�Asset Managament�as Trustee, as of December 31, 2014.��The Committee has the power and authority to direct the Trustee of the 401(k) Plan Company Stock Fund with respect to the investment of the Company Stock Fund assets (including the acquisition or disposition of both allocated and unallocated shares of the Company) in the absence of a tender offer, but has no voting power with respect to any shares.

Dividends on Common Stock allocated to the accounts of participating employees and their beneficiaries, to the extent paid in the form of additional securities, are added to their respective individual accounts.��Dividends on Common Stock allocated to the accounts of participating employees and their beneficiaries, to the extent paid in cash, are, at the direction of the Company, either (i) credited to the respective individual accounts, (ii) distributed to the participating employees and their beneficiaries, or (iii) used to pay principal and interest on outstanding indebtedness incurred by ESOP to acquire Common Stock.��Dividends payable with respect to unallocated ESOP shares that have a record date that is after June 30, 2000 will be allocated to the accounts of participants, former participants and beneficiaries as investment earnings.��The allocation to each account is calculated by multiplying the aggregate amount of such dividends by a fraction, the numerator of which is the balance credited to the account and the denominator of which is the aggregate balances credited to all accounts, all as of the last day of the quarter immediately preceding the quarter in which the dividends are received.��Once allocated, such dividends may, at the discretion of the Committee, be paid out to the account holder within ninety (90) days after the end of the plan year in which they are received.��Under the 401(k) Plan Company Stock Fund, cash dividends on common stock allocated to the accounts of participating employees and beneficiaries are added to their respective individual accounts.��For the Restricted Stock Award shares, dividends on Common Stock allocated to the accounts of participating employees and their beneficiaries, to the extent paid in the form of additional securities, are added to their respective individual accounts.��Dividends on Common Stock allocated to the accounts of participating person and their beneficiaries for the Restricted Stock Awards, to the extent paid in cash, are, at the direction of the Company, distributed to the participating employees and their beneficiaries.

�By:	�	/s/ OMER S. J. WILLIAMS��
�	�	�Omer S.J. Williams - Chairman
�	�	�
By:	�	/s/ ANTHONY BERGAMO
�	�	Anthony Bergamo �
By:	�	/s/ GEORGE L. CLARK, JR.
�	�	George L. Clark, Jr.
�	�	�
By:	�	/s/ KATHLEEN M. NELSON
�	�	Kathleen M. Nelson
�	�	�