ADVISORY/Mayor Cameron Smythe and Valencia Town Center Celebrate Grand Opening of New Atrium Cafes.

News/Business/Photo Editors

ADVISORY...for Wednesday (Feb. 5)

--(BUSINESS WIRE)

Local Shopping Center Brings Enhanced Dining Choices to

Valencia Shoppers and Residents

WHAT:   On February 5th, Mayor Cameron Smythe will take part in a
        ceremonial ribbon cutting while ushering Chamber of Commerce
        executives, Newhall Land and Valencia Town Center guests and
        local residents through the new, 50-foot-high atrium entrance
        to Valencia Town Center's brand new dining atmosphere. After a
        year of construction and development, the long-awaited Atrium
        Cafes is now open, featuring some of the Center's old
        favorites as well as tasty new choices. In addition to the
        ribbon cutting, youngsters from Sunshine Pre-school will
        showcase Atrium Cafes' innovative family restroom and eating
        areas by being the first to try out the new child-size tables,
        chairs and amenities.

        Atrium Cafes includes the latest in design and construction
        finishes, with natural light provided by 12 huge skylights.
        Featuring a beautifully patterned terrazzo tile floor with
        booth, table and counter seating, Atrium Cafes offers a dining
        experience for 600 patrons, including exterior seating at the
        new entrance on the northeast side of the food court, which
        provides additional easy access and parking for patrons. This
        entrance will also feature the relocated children's tiles that
        previously encircled the Carousel and are being installed on
        the wall. Expected at the Atrium Cafes grand opening are
        several youngsters who originally designed the newly-relocated
        tiles.

        The new Atrium Cafes now features Cinnabon, Hot Dog on a
        Stick, Panda Express and Sbarro's. And, in just a few weeks,
        shoppers will be able to enjoy the dining delectables of
        Arby's, Charley's Grilled Subs, The Crepe House, Little Tokyo,
        Mongolian Grill, Stone Oven and Surf City Squeeze.

WHEN:   Wednesday, February 5, 2003
        9:30 am - Ribbon Cutting
        10:00 am - Pre-schoolers showcase child-size amenities
        10:30 am - Refreshments

WHERE:  Valencia Town Center - Atrium Cafes
        (Town Square Entrance)
        24201 W. Valencia Blvd.
        Valencia, CA 91355

WHO:    Mayor Cameron Smythe; Gary Cusumano, CEO/president, Newhall
        Land; Charlie Gill, general manager, Valencia Town Center;
        Newhall Land and Valencia Town Center executives; VIPs; local
        residents; and Sunshine Pre-school children.

Note to Editors:

        Interviews and post-event photographs are available upon
        request.