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Catellus to Host Fourth Quarter Earnings Conference Call on February 25, 2005 SAN FRANCISCO, Jan. 18 /PRNewswire-FirstCall/ -- Catellus Development Corporation (NYSE:CDX) will host a conference call on Friday, February 25, at 9:00 AM Pacific Time (10:00 AM Mountain, 11:00 AM Central, and Noon Eastern) to discuss fourth quarter results. Catellus will release financial results for the fourth quarter on Thursday, February 24, 2005, after the close of the day's trading on the New York Stock Exchange. To participate in the conference call, dial 800-299-9086 (domestic) or 617-786-2903 (international) and enter access code 63263303 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 March 11, 2005, at 888-286-8010 (domestic) or 617-801-6888 (international) with the access code 94579183. The webcast replay will be available to February 25, 2006, 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 40.7 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 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 core 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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