CLEVELAND, OH – On June 3, more than 1,500 Forest City employees from 60 cities across the United States will trade in their offices for community parks, give up their computers for shovels and exchange their pens for paintbrushes. For the fifth consecutive year, Forest City employees will take a day away from their e-mail, budgets and memos to spend Community Day lending a helping hand and celebrating the company’s core values of sustainability and community involvement by giving back to the neighborhoods in which they live and work.

This year will be Forest City’s largest Community Day outreach yet, with more than 70 project managers scheduled to lead the charge over 60 non-profit groups and agencies, generating nearly 13,500 hours of community service.

“Forest City is committed to making a positive difference in the communities where we live and work by mobilizing the enthusiasm and talents of our employees,” said Charles A. Ratner, president and chief executive officer of Forest City Enterprises. “It is a symbol of the many ways we make a difference through our business practices, our philanthropy and our volunteerism and is representative of the way Forest City associates contribute to the cities in which they live and work throughout the year by participating in their own volunteer efforts.”

In Cleveland, the Company headquarters, in addition to the employees' volunteer efforts at local nonprofit organizations, such as the Boys & Girls Club, a very special announcement was made. Beginning this fall, the Cleveland office will celebrate the volunteer efforts of Forest City Employees across the nation by beginning a yearly tree planting effort in partnership with ParkWorks, a non-profit organization dedicated to revitalizing Cleveland’s neighborhoods. To kick off this initiative, 100 trees will be planted in Tremont’s Clark Field.

“Sustainability is a core value of our Company, so it’s fitting that we incorporate an environmental focus during our Community Day efforts,” Ratner said.

Elsewhere, employees will do their part for the environment by cooking and serving meals made from locally grown produce at soup kitchens; delivering food cooked on Energy Star appliances to the elderly; cleaning up homes and warehouses using eco-friendly products; weeding and landscaping using organic materials; painting with non-VOC paints; refurbishing parks, cleaning up beaches and waterfronts and recycling the debris; building shelves and ramps with sustainable materials; and repairing and demolishing existing structures to create new fences, gazebos, and buildings using green products.

Forest City Enterprises, Inc. is a $10 billion NYSE-listed national real estate company. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.

Safe Harbor Language Statements made in this news release that state the Company’s or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. The Company's actual results could differ materially from those expressed or implied in such forward-looking statements due to various risks, uncertainties and other factors. Risks and factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, general real estate development and investment risks including lack of satisfactory financing, construction and lease-up delays and cost overruns, dependence on rental income from real property, reliance on major tenants, the effect of economic and market conditions on a nationwide basis as well as in our primary markets, vacancies in our properties, downturns in the housing market, competition, illiquidity of real estate investments, bankruptcy or defaults of tenants, department store consolidations, international activities, the impact of terrorist acts, risks associated with an investment in and operation of a professional sports team, conflicts of interests, our substantial debt leverage and the ability to obtain and service debt, the impact of restrictions imposed by our credit facility, the level and volatility of interest rates, the continued availability of tax-exempt government financing, effects of uninsured or underinsured losses, environmental liabilities, risks associated with developing and managing properties in partnership with others, the ability to maintain effective internal controls, compliance with governmental regulations, changes in market conditions, litigation risks, and other risk factors as disclosed from time to time in the Company’s SEC filings, including but not limited to, the Company’s annual and quarterly reports.

Contact:
Lindsey Corsi
216-416-3435
C - 216-272-0659
Lindseycorsi@forestcity.net
Lisa Schwan
216-373-8428
lschwan@liggett.com