Catellus Development Corporation to Host Second Quarter Conference Call.

Business Editors/High-Tech Writers

SAN FRANCISCO--(BUSINESS WIRE)--July 6, 2000

You are invited to participate in a conference call to review Catellus Development Corporation's (NYSE:CDX) earnings results for the second quarter ended June 30, 2000.

Catellus will release its results prior to market open on Tuesday, August 1, 2000.

The conference call will be held on Tuesday August 1, 2000 at 9:00 a.m. Pacific Daylight Time (12 noon EST). Nelson Rising, Chairman and CEO, and Bill Hosler, Senior Vice President and CFO, will discuss the company's performance and answer questions from the investment community.

If you wish to participate in the conference call, please dial 800/230-1085 (U.S. domestic) or 612/332-0345 (international) approximately five to ten minutes prior to the beginning of the call, and identify yourself to the conference call operator.

Approximately six hours following the conference call, you may access a telephonic replay of the call by dialing 800/475-6701 (domestic) or 320/365-3844 (international) and entering access code 527284. The telephonic replay will be available through 9/01/00.

Catellus Development Corporation will also broadcast the conference call live on the Internet. Web visitors can listen at http://www.catellus.com/html/investor_relations.htm. A replay of the call will be posted to the Catellus web site approximately two hours following the call.