Westfield America, Inc. (NYSW:WEA) declares third quarter dividend

21 September 1998

Countries: United States

Los Angeles, CA, September 21, 1998 – The Board of Directors of Westfield America, Inc. (NYSE: WEA) today declared a dividend for the third quarter, ending September 30, 1998, of $0.355 per share or $1.42 on an annual basis. During 1997, the effective dividend rate was $1.40 per share. The dividend is payable October 30, 1998, to shareholders of record on September 30, 1998

Westfield America, Inc. (NYSE: WEA), a real estate investment trust, is one of the leading owners of regional shopping centers in the United States. The Company owns interests in 29 major shopping centers, and after the previously announced TrizecHahn acquisition, assuming that all of TrizecHahn properties are acquired, the Company will have interests in 38 major shopping centers, encompassing 35.2 million square feet in the states of California, Colorado, Connecticut, Maryland, Missouri, New York, North Carolina and Washington.