FOR IMMEDIATE RELEASE

March 2003
Nancy Tucker
The Rouse Company
Columbia, Maryland
410-992-6326
ntucker@therousecompany.com

FIRST RESIDENTS MOVEINTO THE NEW COMMUNITY OF FAIRWOOD
Fairwood, Md, -- The new community of Fairwood welcomed its first new residents this week as several homeowners began moving into their beautiful new homes.

On February 28, 2003 the community welcomed Nathaniel and Terri Smith, Fairwood’s first homeowners. It was then that officials of The Rouse Company, the community’s developer, and Patriot Homes turned over the keys to the home at 12334 Eugenes Prospect Drive. Mr. Smith, 32, is employed at the Department of Defense and Mrs. Smith, 32, works at National Science Foundation. Both are very excited about moving to Fairwood and into their new Patriot home. They are very familiar with the area since Nathaniel is a Bowie High School graduate.

The Smith’s say that they “were attracted to Fairwood because it’s a planned community, developed by the Rouse Company, who developed Columbia, Maryland. Its open space, safe environment, and natural beauty create the perfect place to raise a family.”

Formerly the Fairwood Turf Farm, located in Prince George’s County between Annapolis and Washington D.C., adjacent to Route 450 and U.S. 50, the community of Fairwood will encompass more than 1,000 picturesque acres that offer a variety of home styles, recreational amenities, and future retail and commercial components. In addition, the project will preserve the aesthetics of the existing woodlands, miles of walking paths and park-like settings that are unique to the Fairwood property. Each new homeowner will become a member of the prestigious Sycamore Club at Fairwood, which will include access to exclusive recreational activities, a clubhouse, swimming, and tennis.

The Fairwood Community is located just off Route 450 at Fairwood Parkway, near the intersection of Routes 193 and 450. Since the Model Home Park, featuring seven magnificently decorated single family homes, opened in October, 2002, sales and traffic have been brisk.

Headquartered in Columbia, Md., The Rouse Company was founded in 1939 and became a public company in 1956 (NYSE:RSE). A premier real estate development and management company, The Rouse Company, through its numerous affiliates, operates more than 175 properties encompassing office, retail, research and development, and industrial space in 22 states. The Company is also the developer of the planned communities of Columbia, Md., and Summerlin, just outside of Las Vegas and is proud to be the developer of the new and exciting community of Fairwood.
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This release includes forward-looking statements, which reflect The Rouse Company’s current view with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from historical or anticipated results. The words “believe”, “expect”, “anticipate” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Rouse Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For a discussion of certain factors that could cause actual results to differ materially from historical or anticipated results, including real estate investment risks, development risks and changes in the economic climate, see Exhibit 99.2 of The Rouse Company’s Form 10-K for the fiscal year ended December 31, 2002.

FOR IMMEDIATE RELEASE

September 2002
For More Information:
Nancy Tucker
The Rouse Company
Columbia, Maryland
410-992-6326
ntucker@therousecompany.com

GRAND OPENING OF FAIRWOOD MODEL HOME PARK TO BE HELD OCTOBER 12-13
Fairwood, Md., -- At 11:00 a.m. on Saturday, October 12th, officials of The Rouse Company and Prince George's County will join the principals of seven of the region's most prominent home building companies for an official ribbon cutting ceremony to mark the opening of the much-anticipated Model Home Park at the new community of Fairwood. As part of our weekend celebration, visitors will be treated to refreshments, music and fun-filled activities for children.

The Fairwood Model Home Park will be comprised of seven magnificently decorated single family model homes by Allan Homes, Goodier Builders, Mid-Atlantic Builders, Patriot Homes, Nu-Homes, Ryland Homes, and the Williamsburg Group.

Located just off Route 450 at Fairwood Parkway, near the intersection of Routes 193 and 450, the model homes will be open daily from 11 a.m to 6 p.m.

Formerly the Fairwood Turf Farm, located between Annapolis and Washington D.C., adjacent to Route 450 and U.S. 50, the community of Fairwood will encompass more than 1,000 picturesque acres that offer a variety of home styles, recreational amenities, and future retail and commercial components. In addition, the project will preserve the aesthetics of the existing woodlands, 7.5 miles of paths and park-like settings that are unique to the Fairwood property. Each new homeowner will become a member of the prestigious Sycamore Club at Fairwood, which will include access to exclusive recreational activities, a clubhouse, swimming, and tennis.

Headquartered in Columbia, Maryland, the Rouse Company was founded in 1939 and became a public company in 1956 (NYSE:RSE). A premier real estate development and management company, the Rouse Company, through its numerous affiliates, operates more than 175 properties encompassing office, retail, research and development, and industrial space in 22 states. The Company is also the developer of the planned communities of Columbia, Md., and Summerlin, just outside of Las Vegas and is proud to be the developer of the new and exciting community of Fairwood.

FOR IMMEDIATE RELEASE

December 20, 2001
ROUSE DELIVERS ON PROMISE

Developer donates 30 acres to county for soccer fields; company to build homes, stores, offices on site
By AMY DOMINELLO

Journal staff writer Gene Roberts said he knew the moment had been a long time coming.

Farming the Fairwood Turf Farm in Glenn Dale, Roberts said he has known the more than 1,000 acres his family and two other families have farmed for generations would eventually be surrendered for development.
The families moved forward to develop the land with homes in the mid-1980s, but hit many bumps in the road.

With a blast of confetti Thursday, the moment Roberts knew had been coming arrived as Roberts, County Executive Wayne K. Curry and the developer kicked off a planned 1,800-home development.

The developer, the Columbia-based Rouse Co., also gave the county the deed to 30 acres along Route 450. The land is the future home to three soccer fields the county will eventually build.

Rouse Co. plans to build about 1,800 homes, 100,000 square feet of retail space and 250,000 square feet of office space on the 1,050-acre site located between routes 50 and 450, east of Route 193.

Marye Wells-Hartley, acting parks and recreation director, said the developer was required by the county to provide the soccer fields and the park will be open to all in the county, not just those who live at Fairwood.
“It’s a good opportunity for the citizens and we need the soccer fields,” she said.

Wells-Hartley said soccer is a fast-growing sport and the county needs more fields. The county is looking for alternative funding sources to help build the fields, she said.
Curry said the development “is one of the most bedazzling gems… anywhere in the Washington area.”
“This really shows what you can do with an elegant vision and a little bit of courage and tenacity.” he said. “You’re not just building houses but building a community.”

Construction activity will begin on the property soon, with grading beginning in December, along with road construction and utility work. Albert F. Edwards, a development director for Rouse Co., said a model home park should be up by the end of September, with homes up by early 2003.

The development is being built in three phases and the company anticipates an eight- to 10-year build-out, Edwards said.
The project has drawn criticism from area residents who have said the development will bring congestion to roads in and around Bowie, as well as overburden county schools, services and the environment. Land is set aside on the property for an elementary school and trails will be built through a stream bed area.

The Rouse Co. also agreed to pay $5.5 million over several years to help widen a half-mile portion of Route 450 from Route 193 to Bell Station Road.

The city of Bowie and the Glenn Dale Citizens Association had taken the development to court, arguing that county officials did not require an adequate traffic plan when it approved preliminary development plans. But two courts upheld the county’s decision.
Roberts said he was pleased most of the trees will remain and the fence rows will define the community.
“I’ll go to my grave grateful they’ve planned around the trees,” he said.
Roberts said farming will continue on portions of the property until it is needed by the Rouse Co. for development.
“This land has been good to us for generations,” Roberts said. “This is the ultimate crop and we want it to do as well as all the other crops.”

FOR IMMEDIATE RELEASE

October 26, 2001
FAIRWOOD COMMUNITY CELEBRATION TO BE HELD ON NOVEMBER 1

Land Grant for Prince George's Soccer Complex to be Dedicated
Fairwood, Md., -- Officials of Rouse-Fairwood, LLC (a partnership comprised of affiliates of The Rouse Company and members of the Roberts, Bowie and deClairmont families), Prince George's County Executive Wayne K. Curry and invited dignitaries will gather on November 1 at 11:30 a.m. for the celebration of the planned mixed-use community of Fairwood. The event will be held at the Roberts' family homestead at 12307 Annapolis Road within the Fairwood community.
Formerly the Fairwood Turf Farm located between Annapolis and Washington, D.C., adjacent to Route 450 and U.S. 50, the Fairwood community will encompass more than 1,000 acres, offering a variety of home styles, recreational amenities and future retail and commercial components. In addition, the project will preserve the aesthetics of the existing woodlands, historical farm lanes and park-like settings that are unique to the Fairwood property.

As part of the Fairwood kickoff, Anthony W. Deering, chairman and CEO of The Rouse Company, representing the Rouse-Fairwood LLC, will present the deed to a land parcel, which will be used for a soccer complex for Prince George's County, to the Maryland-National Capital Park and Planning Commission.

The proposed soccer complex will be located on 30 acres at the corner of Route 450 and Fairwood Parkway within the Fairwood community. Headquartered in Columbia, Md., The Rouse Company was founded in 1939 and became a public company in 1956 (NYSE:RSE). A premier real estate development and management company, The Rouse Company, through its numerous affiliates, operates more than 250 properties encompassing office, retail, research and development and industrial space in 21 states. The Company is also the developer of the planned communities of Columbia, Md., and Summerlin, just outside of Las Vegas.