TRZ Trizec Properties

Trizec Properties, Inc. (NYSE:TRZ), one of North America's leading office property owners, announced today that it has been awarded the 2005 Gold "Leader in the Light" award from the National Association of Real Estate Investment Trusts (NAREIT) in collaboration with the United States Environmental Protection Agency (EPA). Trizec was honored during an awards breakfast at the 2005 NAREIT Annual Convention, held in Chicago on November 4, 2005. The NAREIT Leader in the Light award recognizes company-wide operations which generate substantially improved energy efficiency and expense management. Trizec received the top award in the Large Market Cap category (above $1.7 billion). Applicants were judged by a panel of three experts from the fields of academia, business/finance, and the EPA in the following categories: Organizational Commitment and Approach, Financial and Environmental Value of Energy Achievements and Portfolio-Wide Energy Use. "We are delighted that NAREIT and the EPA are recognizing the impact of the REIT industry in the area of energy use and efficiency and we are honored that they have chosen Trizec as the recipient of the first 'Leader in the Light' award," said Bill Tresham, Trizec Executive Vice President and Chief Operating Officer. "Trizec is dedicated to the pursuit of excellence in the area of energy management, monitoring, control and consumption, and as a publicly traded REIT, we understand the importance of operating our properties in an environmentally and financially responsible manner." Trizec's formal commitment to energy conservation and management began in the late 1990's with the introduction of 'Trizec's Energy Excellence Program,' which is focused on achieving exceptional results and constantly improving the energy performance of the portfolio. To effectively administer its portfolio-wide energy conservation program, Trizec has implemented sophisticated systems to monitor energy consumption, store detailed comparative data and generate reports that aid in the analysis of the energy conservation efforts of every property in the Trizec portfolio. Since the program was formally instituted five years ago, Trizec has realized a savings of approximately 15% in energy consumption over the base year of the program. This translates to savings of almost $16 million annually. Additionally, the impact of Trizec's program has translated in a reduction of CO2 emission by approximately 690,000 tons per year as compared to the base year. This reduction in CO2 emission is equivalent to removing approximately 125,000 vehicles from the nation's highways. Trizec Properties, Inc., a real estate investment trust (REIT) headquartered in Chicago, is one of the largest owners and operators of commercial office properties in the United States. The Company has ownership interests in and manages a high-quality portfolio of 50 office properties totaling approximately 37 million square feet concentrated in the metropolitan areas of seven major U.S. cities. The Company trades on the New York Stock Exchange under the symbol TRZ. For more information, visit Trizec's web site at www.trz.com or call toll free at 1 (800) 891-7017.