Cousins Properties Signs Lease for 227,000 Square Feet At Ten Peachtree Place; AGL Resources to Take Occupancy in First Quarter of 2003.

Business Editors

ATLANTA--(BUSINESS WIRE)--June 6, 2002

Cousins Properties Incorporated (NYSE:CUZ) today announced that it has signed a lease with AGL Resources Inc. (NYSE:ATG), an energy services holding company, for its new headquarters at the 260,000-square-foot Ten Peachtree Place. AGL Resources, subsidiary Atlanta Gas Light Company and telecommunications subsidiary AGL Networks, will occupy 17 floors comprising 227,000 square feet in the Midtown Atlanta Class "A" office building, bringing occupancy at Ten Peachtree Place to 100%.

Craig Jones, president of Cousins' Office Division, stated, "AGL Resources is one of the largest employers in the Atlanta area, and we are pleased to work with them to accommodate their need for a new headquarters. We are also appreciative of the collaborative efforts of the Cushman & Wakefield team that represented AGL in consummating this transaction. Given AGL Resources' stated desire for consolidating its Atlanta offices, as well as for a prime, Midtown location and convenient access to MARTA, Ten Peachtree Place was the clear choice. This transaction is indicative of the value Cousins has demonstrated over the years from nurturing relationships with leading companies throughout the country to developing or acquiring well-located, first class office buildings."

AGL Resources Inc. is an Atlanta-based energy services holding company. Nearly two million natural gas customers are served through subsidiaries Atlanta Gas Light Company, Virginia Natural Gas and Chattanooga Gas Company. Houston-based subsidiary Sequent Energy Management provides asset management services, including the wholesale trading, marketing, gathering and transportation of natural gas. As a member of the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. AGL Networks, the company's telecommunications subsidiary, owns and operates a fiber optic network in Atlanta. For more information, visit www.aglresources.com.

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.