/C O R R E C T I O N -- American Land Lease, Inc./

In the news release, American Land Lease, Inc. (NYSE:ANLNYSE:andNYSE:ANL-PA) Announces 2005 Dividend Income Tax Allocation, issued earlier today by American Land Lease, Inc. over PR Newswire, we are advised by the company that in the "Return of Capital" column in the "Common Stock" table, all values should be listed as "81.5 %" rather than "80.5 %" as originally issued inadvertently.  The table should read as follows:

  Common Stock

                                                                    Return
                 Record      Payable       Dividend    Ordinary       Of
   CUSIP          Date        Date         Per Share   Dividend     Capital
   027118108    2/14/05      2/28/05         $0.25      18.5 %       81.5 %
   027118108    5/12/05      5/27/05         $0.25      18.5 %       81.5 %
   027118108    8/12/05      8/26/05         $0.25      18.5 %       81.5 %
   027118108    11/10/05     11/28/05        $0.25      18.5 %       81.5 %

                                             $1.00      18.5 %       81.5 %


PRNewswire -- Jan. 12

DATASOURCE: American Land Lease, Inc.



Web site:  http://www.americanlandlease.com/ 

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