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Catellus to Host Fourth Quarter Earnings Conference Call on February 19, 2004 SAN FRANCISCO, Jan. 8 /PRNewswire-FirstCall/ -- Catellus Development Corporation will host a conference call on Thursday, February 19, at 9:00 AM Pacific Time (10:00 AM Mountain, 11:00 AM Central, and Noon Eastern) to discuss the fourth quarter results. Catellus will release financial results for the fourth quarter of 2003 on Wednesday, February 18, 2004, after the close of the day's trading on the New York Stock Exchange. To participate in the conference call, dial 800-884-5695 (domestic) or 617-786-2960 (international) and enter access code 64863687 prior to the beginning of the call. Access the live webcast of the conference call from the Investor Relations section of Catellus' website at http://www.catellus.com/. You may also access the live webcast through http://www.streetevents.com/. The telephonic replay will be available through March 4, 2004, at 888-286-8010 (domestic) or 617-801-6888 (international) with the access code 90980546. The webcast replay will be available through February 19, 2005, from the Investor Relations section of Catellus' website at http://www.catellus.com/ or at http://www.streetevents.com/. Catellus Development Corporation is a publicly traded real estate development company that owns and operates approximately 38.2 million square feet of predominantly industrial property in many of the country's major distribution centers and transportation corridors. The company's principal objective is sustainable, long-term growth in earnings, 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 business. More information on the company is available at http://www.catellus.com/. Contact: Derek Fritz Investor Relations 415-974-3781 DATASOURCE: Catellus Development Corporation CONTACT: Derek Fritz, Investor Relations of Catellus Development Corporation, +1-415-974-3781 Web site: http://www.catellus.com/

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