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Catellus to Host First Quarter Earnings Conference Call on April 30, 2004 SAN FRANCISCO, April 7 /PRNewswire-FirstCall/ -- Catellus Development Corporation will host a conference call on Friday, April 30, at 9:00 a.m. Pacific Time (10:00 a.m. Mountain, 11:00 a.m. Central, and Noon Eastern) to discuss the first quarter results. Catellus will release financial results for the first quarter of 2004 on Thursday, April 29, 2004, after the close of the day's trading on the New York Stock Exchange. To participate in the conference call, dial 800-901-5241 (domestic) or 617-786-2963 (international) and enter access code 50265470 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 May 14, 2004, at 888-286-8010 (domestic) or 617-801-6888 (international) with the access code 54971122. The webcast replay will be available through April 30, 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 began operating as a real estate investment trust effective January 1, 2004. The company owns and operates approximately 38.2 million square feet of predominately industrial property in many of the country's major distribution centers and transportation corridors. Catellus' 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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