Crescent Real Estate Announces Date of First Quarter Earnings Release and Conference Call

Press Release: Crescent Real Estate Equities Company
May 2, 2002
FORT WORTH, TX -- Crescent Real Estate Equities Company (NYSE:CEI) announced yesterday that the Company will release its first quarter 2002 earnings results before the market opens on Thursday, May 9, 2002. The Company will also host a conference call and audio webcast, both open to the general public, at 10:00 A.M. Central Time on Thursday, May 9, 2002, to discuss the first quarter results and provide a Company update.

To participate in the conference call, please dial 800/818-4442 domestically or 706/679-3110 internationally, or you may access the audio webcast on the Company's website (www.cei-crescent.com) in the Investor Relations section. During the call, reference will be made to a presentation that will also be posted on the Company's website.

A replay of the conference call will be available through May 16, 2002 by dialing 800/642-1687 domestically or 706/645-9291 internationally with a passcode of 3622930. The webcast and presentation will be available on Crescent's website for 30 days.

ABOUT THE COMPANY

Crescent Real Estate Equities Company, through its subsidiaries, owns and manages some of the highest quality properties in the country. Its portfolio consists primarily of 73 office buildings totaling nearly 28 million square feet located in six states, as well as world-renowned luxury resorts and spas and upscale residential developments.

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Contact: 

     Crescent Real Estate Equities Company
     Investors:
     Jane E. Mody, 817/321-1086
     or
     Jerry R. Crenshaw, 817/321-1492
     or
     Keira B. Moody, 817/321-1412
     or
     Media:
     Sandra Porter, 817/321-1460