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Catellus to Host Second Quarter Earnings Conference Call on July 29, 2005 SAN FRANCISCO, July 1 /PRNewswire-FirstCall/ -- Catellus Development Corporation (NYSE:CDX) will host a conference call on Friday, July 29, at 9:00 AM Pacific Time (10:00 AM Mountain, 11:00 AM Central, and Noon Eastern) to discuss second quarter results. Catellus will release financial results for the second quarter on Thursday, July 28, 2005, after the close of the day's trading on the New York Stock Exchange. To participate in the conference call, dial 800-599-9816 (domestic) or 617-847-8705 (international) and enter access code 40847749 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 to August 12, 2005, at 888-286-8010 (domestic) or 617-801-6888 (international) with the access code 35073125. The webcast replay will be available to July 29, 2006 (or if the merger under the definitive merger agreement between Catellus and ProLogis, which was announced on June 6, 2005, is completed, to the date the merger is completed), 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 began operating as a real estate investment trust effective January 1, 2004. The company owns and operates approximately 40.6 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. Contacts: Margan Mitchell 415-974-4616 Minnie Wright 415-974-4649 DATASOURCE: Catellus Development Corporation CONTACT: Margan Mitchell, +1-415-974-4616, or Minnie Wright, +1-415-974-4649, both of Catellus Development Corporation Web site: http://www.catellus.com/

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