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ProLogis and Catellus Announce Special Meeting Date
DENVER and SAN FRANCISCO, July 27 /PRNewswire-FirstCall/ -- ProLogis
(NYSE:PLD), a leading global provider of distribution facilities and services,
and Catellus Development Corporation (NYSE:CDX), a leading real estate
development company, announced today that they have set September 14, 2005, as
the date for their special meetings to seek shareholder approval of the
previously announced merger through which ProLogis will acquire all of the
outstanding common stock of Catellus.
Shareholders of record on August 8, 2005, will be entitled to vote at the
meetings.
About ProLogis
ProLogis is a leading provider of distribution facilities and services with
310.8 million square feet (28.9 million square meters) in 2,043 distribution
facilities owned, managed and under development in 75 markets in North America,
Europe and Asia. ProLogis continues to expand the industry's first and largest
global network of distribution facilities with the objective of building
shareholder value. The company expects to achieve this through the ProLogis
Operating System(R) and its commitment to be 'The Global Distribution Solution'
for its customers, providing exceptional facilities and services to meet their
expansion and reconfiguration needs.
About Catellus
Catellus Development Corporation is a publicly traded real estate development
company that began operating as a real estate investment trust effective
January 1, 2004. The company owns and operates approximately 41.1 million
square feet of predominantly industrial property in many of the country's major
distribution centers and transportation corridors. Catellus' principal
objective is sustainable, long-term growth in shareholder value, which it seeks
to achieve by applying its strategic resources: a lower-risk/higher-return
rental portfolio, a focus on expanding that portfolio through development, and
the deployment of its proven land development skills to select opportunities
where it can generate profits to recycle back into its core business.
NOTE TO INVESTORS
ProLogis and Catellus have filed a joint proxy statement/prospectus and other
documents regarding the proposed merger described in this communication with
the Securities and Exchange Commission. Investors and shareholders are urged
to read the joint proxy statement/prospectus because it contains important
information about ProLogis, Catellus, the combined company and the proposed
merger. A definitive joint proxy statement/prospectus will be sent to
shareholders of ProLogis and Catellus seeking their approval of the
transaction. Investors and shareholders may obtain a free copy of the
definitive joint proxy statement/prospectus (when available) and other
documents filed by ProLogis and Catellus with the SEC at the SEC's website at
http://www.sec.gov/. The definitive joint proxy statement/prospectus and other
relevant documents may also be obtained free of cost by directing a request to
ProLogis, 14100 E. 35th Place, Aurora, Colorado, 80011, attention Investor
Relations (telephone 303-576-2745) or Catellus Development Corporation, 201
Mission Street, 2nd Floor, San Francisco, California, 94105, attention Investor
Relations (telephone 415-974-3781).
ProLogis and Catellus and their respective directors and executive officers may
be deemed to be participants in the solicitation of proxies from the
shareholders of ProLogis and Catellus in connection with the merger.
Information about ProLogis and Catellus and their respective directors and
officers can be found in the companies' respective Proxy Statements and Annual
Reports on Form 10-K, as amended, filed with the SEC. Additional information
regarding the interests of those persons may be obtained by reading the
preliminary joint proxy statement/prospectus and definitive joint proxy
statement/prospectus when it becomes available.
DATASOURCE: ProLogis
CONTACT: Melissa Marsden of ProLogis, +1-303-576-2622,
; or Margan Mitchell of Catellus, +1-415-974-4616,