PRICE LEGACY CORP

expiry = 2004-10-15...hase shares of Price Legacy's capital stock granted to Messrs. Sabin, Muir, Bullick and Ottesen became fully vested as of October 15, 2003 and will continue to be outstanding and exercisable, and the expiration date of such options will be extended until October 15, 2004; •each of Messrs. Sabin, Muir, Bullick and Ottesen will receive any other rights, compensation and/or benefits as may be due to them under the terms and provisions of the 401(k) Plan; •any restrictions on the ability of Messrs. Sabin, Muir...

expiry = 2004-10-15...hase shares of Price Legacy's capital stock granted to Messrs. Sabin, Muir, Bullick and Ottesen became fully vested as of October 15, 2003 and will continue to be outstanding and exercisable, and the expiration date of such options will be extended until October 15, 2004; •each of Messrs. Sabin, Muir, Bullick and Ottesen will receive any other rights, compensation and/or benefits as may be due to them under the terms and provisions of Price Legacy's 401(k) Plan; •any restrictions on the ability of Messrs....

expiry = 2004-10-15...hase shares of Price Legacy's capital stock granted to Messrs. Sabin, Muir, Bullick and Ottesen became fully vested as of October 15, 2003 and will continue to be outstanding and exercisable, and the expiration date of such options will be extended until October 15, 2004; •each of Messrs. Sabin, Muir, Bullick and Ottesen will receive any other rights, compensation and/or benefits as may be due to them under the terms and provisions of Price Legacy's 401(k) Plan; •any restrictions on the ability of Messrs....

expiry = 2004-10-15...hase shares of Price Legacy's capital stock granted to Messrs. Sabin, Muir, Bullick and Ottesen became fully vested as of October 15, 2003 and will continue to be outstanding and exercisable, and the expiration date of such options will be extended until October 15, 2004; •each of Messrs. Sabin, Muir, Bullick and Ottesen will receive any other rights, compensation and/or benefits as may be due to them under the terms and provisions of Price Legacy's 401(k) Plan; •any restrictions on the ability of Messrs....

expiry = 2004-03-11...n Stock or 6.82% Series 1 Cumulative Redeemable Preferred Stock for Any and All Outstanding Shares of Its 83/4% Series A Cumulative Redeemable Preferred Stock The exchange offer and withdrawal rights will expire at 12:00 midnight, New York City time, on March 11, 2004, unless extended. Price Legacy Corporation is offering to exchange all outstanding shares of its 83/4% Series A Cumulative Redeemable Preferred Stock for, at your election, either: •shares of Price Legacy's common stock on the basis of 4.2...

listed = True...(67,485 ) Total stockholders' equity $ 682,821 $ 681,321 $ 681,321 Total capitalization $ 1,244,179 $ 1,242,679 $ 1,242,679 63 PRICE RANGE OF SHARES Price Legacy's common stock is listed on AMEX under the symbol "XLG." Price Legacy's Series A preferred stock is listed on the Nasdaq National Market under the symbol "PRENP." The table below sets forth, for the calendar quarters indicated, the reported high and low sales prices per share of the common stock and Series A preferred stock. Price Legacy Common Stock Price Legacy Series A Preferred Stock High Low High Low 2002 First Quarter 3.25 2.65 15.85 14.60 Second Quarter 4.33 3.15 16.11 15.25 Thi...

listed = True...(67,485 ) Total stockholders' equity $ 682,821 $ 681,321 $ 681,321 Total capitalization $ 1,244,179 $ 1,242,679 $ 1,242,679 63 PRICE RANGE OF SHARES Price Legacy's common stock is listed on AMEX under the symbol "XLG." Price Legacy's Series A preferred stock is listed on the Nasdaq National Market under the symbol "PRENP." The table below sets forth, for the calendar quarters indicated, the reported high and low sales prices per share of the common stock and Series A preferred stock. Price Legacy Common Stock Price Legacy Series A Preferred Stock High Low High Low 2002 First Quarter 3.25 2.65 15.85 14.60 Second Quarter 4.33 3.15 16.11 15.25 Thi...

listed = True...(67,485 ) Total stockholders' equity $ 682,821 $ 681,321 $ 681,321 Total capitalization $ 1,244,179 $ 1,242,679 $ 1,242,679 67 PRICE RANGE OF SHARES Price Legacy's common stock is listed on AMEX under the symbol "XLG." Price Legacy's Series A preferred stock is listed on the Nasdaq National Market under the symbol "PRENP." The table below sets forth, for the calendar quarters indicated, the reported high and low sales prices per share of the common stock and Series A preferred stock. Price Legacy Common Stock Price Legacy Series A Preferred Stock High Low High Low 2002 First Quarter $ 3.25 $ 2.65 $ 15.85 $ 14.60 Second Quarter 4.33 3.15 16.11 1...

listed = True...(67,485 ) Total stockholders' equity $ 682,821 $ 681,321 $ 681,321 Total capitalization $ 1,244,179 $ 1,242,679 $ 1,242,679 68 PRICE RANGE OF SHARES Price Legacy's common stock is listed on AMEX under the symbol "XLG." Price Legacy's Series A preferred stock is listed on the Nasdaq National Market under the symbol "PRENP." The table below sets forth, for the calendar quarters indicated, the reported high and low sales prices per share of the common stock and Series A preferred stock. Price Legacy Common Stock Price Legacy Series A Preferred Stock High Low High Low 2002 First Quarter $ 3.25 $ 2.65 $ 15.85 $ 14.60 Second Quarter 4.33 3.15 16.11 1...

listed = True...n-core assets. See "Summary Term Sheet—Are there any recent developments concerning Price Legacy that I should be aware of?" 69 PRICE RANGE OF SHARES Price Legacy's common stock is listed on AMEX under the symbol "XLG." Price Legacy's Series A preferred stock is listed on the Nasdaq National Market under the symbol "PRENP." The table below sets forth, for the calendar quarters indicated, the reported high and low sales prices per share of the common stock and Series A preferred stock. Price Legacy Common Stock Price Legacy Series A Preferred Stock High Low High Low 2002 First Quarter $ 3.25 $ 2.65 $ 15.85 $ 14.60 Second Quarter 4.33 3.15 16.11 1...

mechanism = NAV...Trust, •Kimco Realty Corporation, •The Macerich Company, •New Plan Excel Realty Trust, Inc., •Pan Pacific Retail Properties, Inc., •Regency Centers Corporation, and •Weingarten Realty Investors. Applying a similar observed premium, ranging from 18% to 36%, to Price Legacy's estimated net asset value per share, on a post-split basis and assuming that all outstanding shares of Series A preferred stock and Series B preferred stock will be exchanged for shares of common stock, resulted in an adjusted net asset value per share for Price Legacy ranging from approximately $17.30 to $21.90. Guideline Public REIT Analysis American Appraisal performed...

mechanism = NAV...Trust, •Kimco Realty Corporation, •The Macerich Company, •New Plan Excel Realty Trust, Inc., •Pan Pacific Retail Properties, Inc., •Regency Centers Corporation, and •Weingarten Realty Investors. Applying a similar observed premium, ranging from 18% to 36%, to Price Legacy's estimated net asset value per share, on a post-split basis and assuming that all outstanding shares of Series A preferred stock and Series B preferred stock will be exchanged for shares of common stock, resulted in an adjusted net asset value per share for Price Legacy ranging from approximately $17.30 to $21.90. Guideline Public REIT Analysis American Appraisal performed...

mechanism = NAV...Trust, •Kimco Realty Corporation, •The Macerich Company, •New Plan Excel Realty Trust, Inc., •Pan Pacific Retail Properties, Inc., •Regency Centers Corporation, and •Weingarten Realty Investors. Applying a similar observed premium, ranging from 32% to 44%, to Price Legacy's estimated net asset value per share, on a post-split basis and assuming that 50% or more of the outstanding shares of Series A preferred stock will be exchanged for shares of common stock, that all of the shares of Series B preferred stock will be exchanged for shares of common stock, and that Price Legacy will redeem, within two years after completion of the recapitalizat...

mechanism = NAV...st, •Kimco Realty Corporation, •The Macerich Company, •New Plan Excel Realty Trust, Inc., •Pan Pacific Retail Properties, Inc., •Regency Centers Corporation, and 25 •Weingarten Realty Investors. Applying a similar observed premium, ranging from 32% to 44%, to Price Legacy's estimated net asset value per share, on a post-split basis and assuming that 50% or more of the outstanding shares of Series A preferred stock will be exchanged for shares of common stock, that all of the shares of Series B preferred stock will be exchanged for shares of common stock, and that Price Legacy will redeem, within two years after completion of the recapitalizat...

mechanism = NAV...st, •Kimco Realty Corporation, •The Macerich Company, •New Plan Excel Realty Trust, Inc., •Pan Pacific Retail Properties, Inc., •Regency Centers Corporation, and 26 •Weingarten Realty Investors. Applying a similar observed premium, ranging from 32% to 44%, to Price Legacy's estimated net asset value per share, on a post-split basis and assuming that 50% or more of the outstanding shares of Series A preferred stock will be exchanged for shares of common stock, that all of the shares of Series B preferred stock will be exchanged for shares of common stock, and that Price Legacy will redeem, within two years after completion of the recapitalizat...

price = USD 4.0...ements between Price Legacy and the resigning officers, including: •the purchase by Price Legacy of 2,267,000 shares of common stock held by Mr. Sabin and certain related entities for a purchase price of $4.00 per share, which occurred on October 23, 2003, and the application of the proceeds to pay the purchase price of the real estate transactions described below; •the sublease by Price Legacy of Price Legacy's interest in the Excel C...

price = USD 4.0...ements between Price Legacy and the resigning officers, including: •the purchase by Price Legacy of 2,267,000 shares of common stock held by Mr. Sabin and certain related entities for a purchase price of $4.00 per share, which occurred on October 23, 2003, and the application of the proceeds to pay the purchase price of the real estate transactions described below; •the sublease by Price Legacy of Price Legacy's interest in the Excel C...

price = USD 4.0...ements between Price Legacy and the resigning officers, including: •the purchase by Price Legacy of 2,267,000 shares of common stock held by Mr. Sabin and certain related entities for a purchase price of $4.00 per share, which occurred on October 23, 2003, and the application of the proceeds to pay the purchase price of the real estate transactions described below; •the sublease by Price Legacy of Price Legacy's interest in the Excel C...

price = USD 4.0...ements between Price Legacy and the resigning officers, including: •the purchase by Price Legacy of 2,267,000 shares of common stock held by Mr. Sabin and certain related entities for a purchase price of $4.00 per share, which occurred on October 23, 2003, and the application of the proceeds to pay the purchase price of the real estate transactions described below; •the sublease by Price Legacy of Price Legacy's interest in the Excel C...

price = USD 4.0...ements between Price Legacy and the resigning officers, including: •the purchase by Price Legacy of 2,267,000 shares of common stock held by Mr. Sabin and certain related entities for a purchase price of $4.00 per share, which occurred on October 23, 2003, and the application of the proceeds to pay the purchase price of the real estate transactions described below; •the sublease by Price Legacy of Price Legacy's interest in the Excel C...

txn_type = CONSOLIDATION...of its 83/4% Series A Cumulative Redeemable Preferred Stock for, at your election, either: •shares of Price Legacy's common stock on the basis of 4.2 shares of common stock (or 1.05 shares of common stock after giving effect to Price Legacy's proposed 1-for-4 reverse stock split described below) for each share of Series A preferred stock, or •shares of a new series of preferred stock of Price Legacy, to be designated 6.82% Series 1 Cumulative Redeemable Preferred Stock, on the basis of one share of Series 1 preferred stock for each share of Series A preferred stock, on the terms and subject to the conditions set...

txn_type = CONSOLIDATION...of its 83/4% Series A Cumulative Redeemable Preferred Stock for, at your election, either: •shares of Price Legacy's common stock on the basis of 4.2 shares of common stock (or 1.05 shares of common stock after giving effect to Price Legacy's proposed 1-for-4 reverse stock split described below) for each share of Series A preferred stock, or •shares of a new series of preferred stock of Price Legacy, to be designated 6.82% Series 1 Cumulative Redeemable Preferred Stock, on the basis of one share of Series 1 preferred stock for each share of Series A preferred stock, on the terms and subject to the conditions set...

txn_type = CONSOLIDATION...of its 83/4% Series A Cumulative Redeemable Preferred Stock for, at your election, either: •shares of Price Legacy's common stock on the basis of 4.2 shares of common stock (or 1.05 shares of common stock after giving effect to Price Legacy's proposed 1-for-4 reverse stock split described below) for each share of Series A preferred stock, or •shares of a new series of preferred stock of Price Legacy, to be designated 6.82% Series 1 Cumulative Redeemable Preferred Stock, on the basis of one share of Series 1 preferred stock for each share of Series A preferred stock, on the terms and subject to the conditions set...

txn_type = CONSOLIDATION...of its 83/4% Series A Cumulative Redeemable Preferred Stock for, at your election, either: •shares of Price Legacy's common stock on the basis of 4.2 shares of common stock (or 1.05 shares of common stock after giving effect to Price Legacy's proposed 1-for-4 reverse stock split described below) for each share of Series A preferred stock, or •shares of a new series of preferred stock of Price Legacy, to be designated 6.82% Series 1 Cumulative Redeemable Preferred Stock, on the basis of one share of Series 1 preferred stock for each share of Series A preferred stock, on the terms and subject to the conditions set...

txn_type = CONSOLIDATION...of its 83/4% Series A Cumulative Redeemable Preferred Stock for, at your election, either: •shares of Price Legacy's common stock on the basis of 4.2 shares of common stock (or 1.05 shares of common stock after giving effect to Price Legacy's proposed 1-for-4 reverse stock split described below) for each share of Series A preferred stock, or •shares of a new series of preferred stock of Price Legacy, to be designated 6.82% Series 1 Cumulative Redeemable Preferred Stock, on the basis of one share of Series 1 preferred stock for each share of Series A preferred stock, on the terms and subject to the conditions set...