Investigator’s report released

13 February 2002

Countries: United States

The Investigators Report into the policy and conduct of RodamcoNorth America (RNA), as expected, was released today by theEnterprise Chamber of the Amsterdam Court of Appeal.

Westfield looks forward to the Extraordinary General Meeting ofRNA shareholders on 26 February 2002 and to the closing of thetransaction, whereby Westfield America Trust, Simon Property Groupand The Rouse Company are jointly acquiring RNA through thepurchase of all of RNA’s assets.

Westfield supports the proposed transaction which is in theinterest of RNA and RNA’s shareholders and will vote in favour ofthe transaction.