CLEVELAND--(BUSINESS WIRE)--March 5, 2004--Forest City Enterprises will release its year-end financial results on Thursday, March 11, 2004 and will hold a conference call on Friday, March 12, 2004 at 11:00 A.M. ET to discuss these results.

You are invited to dial into a conference call with Charles A. Ratner, President and Chief Executive Officer and Thomas G. Smith, Executive Vice President and Chief Financial Officer.

The conference call is scheduled for 11:00 A.M. ET, Friday March 12, 2004. To participate, please dial 1-800-901-5241, using access code 11912259, approximately five minutes before the scheduled time of the conference call and tell the operator you wish to join the Forest City Year-End Earnings Conference Call. Forest City will also be webcasting and replaying the conference call. The live broadcast will be available on-line at Forest City's Website - www.forestcity.net.

We hope you will be able to join us for this call, but if you are unable to participate, the call will be replayed from March 12, 2004, 5:30 P.M. ET to April 12, 2004, 11:59 P.M. ET. The number to hear the teleconference replay is 1-888-286-8010 and the access code for the replay is 41592972. Webcast replay will be available from March 12 to April 12 on the Forest City website - forestcity.net.

If you have questions, or if you have trouble joining the conference call, please call AnnMarie Fenske at Forest City Enterprises, 216-621-6060.

CONTACT:
Forest City Enterprises
AnnMarie Fenske, 216-621-6060