Westfield Amercia, Inc. (NYSE: WEA) files registration statement

07 July 2000

Countries: United States

Los Angeles, CA, July 7, 2000 – Westfield America, Inc. (NYSE: WEA) announced that it has filed today a registration statement on Form S-3 relating to the possible issuance of up to approximately 7,114,000 shares of its common stock in satisfaction of the possible exercise of a liquidity option. If the liquidity option is exercised, the number of shares of common stock to be issued could be substantially different, because the number of shares is based on a formula.

The shares may be issued to a holder of membership interests in Valley Fair UTC LLC or its subsidiaries if the holder exercises its rights under the liquidity option. The liquidity option will not be exercisable at all until June 23, 2002.

Westfield America, Inc. (NYSE: WEA), a real estate investment trust, is one of the nation’s leading owners of regional shopping centers. The Company owns interests in 39 major shopping centers, branded as Westfield Shoppingtowns. Westfield Shoppingtowns are home to approximately 37.6 million square feet of leasable space in California, Colorado, Connecticut, Maryland, Missouri, New Jersey, New York, North Carolina and Washington.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration statement or qualification under the securities law of any such state.