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June 28, 2006

Press Release: Forest City Builds on Strategic Commitment to Sustainability with Appointment of Two Directors

Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced the recent appointments of two directors to lead the Company’s sustainability and energy management initiatives.

Jon Ratner has been appointed director of sustainability initiatives, providing leadership of sustainability-related best practices and procedures. Joyce Mihalik, a Certified Industrial Energy Consultant, was named director of energy management, responsible for the development, implementation and coordination of energy management and conservation strategies for the Company’s Commercial Management portfolio. ... Jon Ratner formerly served as development project manager for mixed-use, office and multifamily projects at Forest City’s Denver Stapleton project. Located on the site of the former Denver International Airport, the 4,700-acre Stapleton development has served as a cornerstone to increase the Company’s awareness and experiences with sustainability principles. Established in 2001, Stapleton has won a number of awards for sustainability and environmental stewardship, including a “Best in American Living” Award for Smart Growth; Colorado Environmental Achievement Award; U.S. Conference of Mayors Award for Excellence; and Stockholm Partnerships for Sustainable Cities Award from the King of Sweden.

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Posted by lumi at June 28, 2006 6:33 AM