Mack-Cali Announces Redemptions of $94,914,000 of 6.15% Notes Due 2012 and $26,105,000 of 5.82% Notes Due 2013

Mack-Cali Realty Corporation CLI today announced that its operating partnership, Mack-Cali Realty, L.P., will redeem for cash (i) all $94,914,000 principal amount of the Operating Partnership's 6.15% Notes due December 15, 2012 and (ii) all $26,105,000 principal amount of the Operating Partnership's 5.82% Notes due March 15, 2013. The Notes shall be redeemed on May 25, 2012. The redemption price for the 2002 Notes, including a make-whole premium, will be 103.191672% of the principal amount of the 2002 Notes, plus any accrued and unpaid interest up to, but not including, the Redemption Date. The redemption price for the 2003 Notes, including a make-whole premium, will be 103.868592% of the principal amount of the 2003 Notes, plus any accrued and unpaid interest up to, but not including, the Redemption Date.