Cousins Properties Engages Deloitte & Touche LLP.

Business Editors

ATLANTA--(BUSINESS WIRE)--June 11, 2002

Cousins Properties Incorporated (NYSE: CUZ) today announced the Board of Directors has replaced Arthur Andersen LLP with Deloitte & Touche LLP as its independent accountant, effective immediately. The appointment of Deloitte & Touche LLP was made by the Board of Directors on the recommendation of its Audit Committee and was not the result of any disagreement between the Company and Arthur Andersen on any matter of accounting principles, practices or financial disclosure.

Kelly H. Barrett, senior vice president and chief financial officer of Cousins, stated, "We have worked closely with Arthur Andersen for many years, during which time they have provided excellent service and exhibited the highest standards of professionalism. The Company found it necessary to replace Arthur Andersen after it became aware that the majority of the audit and tax professionals in the Atlanta office had associated with other firms or were no longer with the firm. After a thorough review process, we have concluded Deloitte & Touche LLP will provide the right combination of skill and experience for Cousins Properties, as well as one of the strongest real estate practices in the country."

Cousins Properties Incorporated, headquartered in Atlanta, has extensive experience in the real estate industry including the development, acquisition, financing, management and leasing of properties. The property types that Cousins actively invests in include office, retail, medical office and land development projects. The Company's portfolio consists of interests in 13.3 million square feet of office space, 3.1 million square feet of retail space and .9 million square feet of medical office space, and more than 300 acres of strategically located land for future commercial development. Cousins is a fully integrated equity real estate investment trust (REIT) that has been public since 1962 and trades on the New York Stock Exchange under the symbol "CUZ." For more information on the Company, please visit Cousins' web site at www.cousinsproperties.com.