Catellus to Host Fourth Quarter Earnings Conference Call on February 13.

Business Editors/Real Estate Writers

SAN FRANCISCO--(BUSINESS WIRE)--Jan. 8, 2002

Catellus Development Corporation (NYSE:CDX) announced today that it will release its financial results for the fourth quarter after the close of the day's trading on the New York Stock Exchange on Tuesday, February 12th, 2002. A conference call discussing the fourth quarter and full-year results will be held at 9:00 AM Pacific Standard Time (12 Noon EST) on Wednesday, February 13th, 2002. 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 888-423-3274 (domestic) or 612-332-0228 (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. Listeners can access the call from the investor relations section of the Catellus website at www.catellus.com or from StreetEvents at www.streetevents.com. A replay of the conference call will be available on both websites through February 27th.

A call replay will be available over the phone by dialing 800-475-6701 (domestic) or 320-365-3844 (international) and entering access code 622184. The replay will be available through February 27th.

Catellus Development Corporation is one of the nation's premier diversified real estate operating 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 a portfolio of rental properties totaling 30.3 million square feet and one of the largest supplies of developable land in the Western United States capable of supporting over 41 million square feet of new commercial development and an estimated 10,500 residential lots and units. More information on the Company is available at www.catellus.com.