CUZ Cousins Properties Inc

Addition of JPMorgan Chase Chairman Expands Board's Size to 10 Cousins Properties Incorporated (NYSE: CUZ) announced today that William B. Harrison, Jr. has been elected to its Board of Directors, expanding the Company's Board to 10 members. "Bill Harrison's deep financial background and decades of business experience will bring an important perspective to our Board," said Tom Bell, president and CEO of Cousins Properties. "We are delighted to add someone of his caliber to the Cousins team." Mr. Harrison is Chairman of the Board of JPMorgan Chase & Co. (NYSE: JPM), the third-largest financial services firm in the United States. He served as Chairman and CEO of JPMorgan Chase & Co. from November 2001 to December 2005. Prior to its merger with J.P. Morgan & Co., he served as Chairman and CEO of Chase Manhattan Corp. Mr. Harrison also served in executive leadership positions with Chemical Bank, which merged with Chase in 1996. He began his career with Chemical in 1967. In the civic sector, he serves on the Board of Visitors of the University of North Carolina's Kenan-Flagler Business School, the Board of Directors for Catalyst, and is a member of the Board of Overseers of Memorial Sloan-Kettering Cancer Center. He is also on the Board of Directors of the Partnership for New York City and a member of the Board of the World Trade Center Memorial Foundation. Mr. Harrison, who was born in 1943 in Rocky Mount, North Carolina, received an A.B. degree in Economics from the University of North Carolina and is a graduate of the Harvard Business School's International Senior Management Programme in Switzerland. 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, multi-family, retail, industrial and land development projects. The Company's portfolio consists of interests in 7.4 million square feet of office space, 3.8 million square feet of retail space, 0.8 million square feet of industrial space, two multi-family residential projects, over 9,000 acres of strategically located land tracts for sale or future development, and significant land holdings for development of single-family residential communities. Cousins also provides leasing and management services to third-party investors; its client-services portfolio comprises 12.7 million square feet of office space. 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. Certain matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risks, including, but not limited to statements regarding the entry into a venture arrangement, the satisfaction of certain conditions to the agreement, the expected closing date of such transaction and the effect of such transaction on the company. Other risks include general and local economic conditions, local real estate conditions, the activity of others developing competitive projects, the cyclical nature of the real estate industry, the financial condition of existing tenants, interest rates, the Company's ability to obtain favorable financing or zoning, environmental matters, the effects of terrorism, the failure of assets under contract for sale to ultimately close and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's Report on Form 10-K for the year ended December 31, 2005. The words "believes," "expects," "anticipates," "estimates," "would" and similar expressions are intended to identify forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in any forward-looking statement are reasonable, the Company can give no assurance that these plans, intentions or expectations will be achieved. Such forward-looking statements are based on current expectations and speak as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.