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Chelsea Property Group, Inc. (ticker: CPG, exchange: New York Stock Exchange) News Release - 18-Apr-2002

Chelsea Property Group Sets Release Date
ROSELAND, N.J., Apr 18, 2002 /PRNewswire-FirstCall via COMTEX/ -- Chelsea Property Group, Inc. (NYSE: CPG) announced today that it expects to issue its 2002 first quarter operating results on Wednesday, May 1, 2002, after the close of the market. The Company's first quarter conference call with investors and analysts will be held on Thursday, May 2, at 2:00 p.m. eastern time. The call may be accessed by dialing 800-680-1402 (U.S. callers) or 646-862-1064 (international callers) and referencing reservation No. 20544942. A replay of the call will be available through May 9, 2002, by dialing 800-633-8284 (U.S. callers) or 858-812-6440 (international callers) with the same reservation number.
Chelsea Property Group, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that wholly or partially owns 58 Premium Outlet(TM) and other shopping centers -- containing approximately 13 million square feet of gross leasable area -- in 28 states and Japan. The Company's leading properties include Woodbury Common Premium Outlets, near New York City; Orlando Premium Outlets in Orlando, Florida; Wrentham Village Premium Outlets, near Boston; and Gotemba Premium Outlets, near Tokyo, Japan. See http://www.cpgi.com for more information.
SOURCE: Chelsea Property Group, Inc.
CONTACT:
Michael J. Clarke
CFO of Chelsea Property Group, Inc.
+1-973-228-6111
URL: http://www.cpgi.com
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