Catellus to Host First Quarter 2001 Earnings Conference Call.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--April 5, 2001

Catellus Development Corporation (NYSE:CDX) announced today that it will release its financial results for the first quarter of 2001 after market close on Thursday, May 10th, 2001. A conference call discussing the first quarter results will be held at 9:00 AM Pacific Daylight Time (12 Noon EDT) on Friday, May 11th, 2001. Nelson Rising, Chairman and Chief Executive Officer, and Bill Hosler, Senior Vice President and Chief Financial Officer, will discuss the company's performance and answer questions from the investment community.

To participate in the conference call, please dial 800-553-0318 (domestic) or 612-288-0329 (international) prior to the beginning of the call and identify yourself to the conference call operator. The call will also be broadcast live over the Internet from the investor relations section of the Catellus homepage at www.catellus.com.

Approximately six hours following the conference call, a replay will be available by dialing 800-475-6701 (domestic) or 320-365-3844 (international) and entering access code 580962. The replay will also be available from the investor relations section of the Catellus homepage at www.catellus.com. Both replays will be available through June 11th, 2001.

Catellus Development Corporation is one of the nation's premier diversified real estate development companies. The Company specializes in developing, managing and investing in a broad range of product types including industrial, residential, office, retail and major urban development projects. It owns one of the largest portfolios of developable land in the Western United States capable of supporting over 47.7 million square feet of new commercial development and an estimated 10,800 residential lots and units. More information on the Company is available at www.catellus.com.