Arysta LifeScience Selects Cary for Headquarters Location

New site is Highwoods Properties’ Parkwest Two

CARY, N.C., (Sept. 23, 2005) – Arysta LifeScience announced today that the company will be moving its North America headquarters to Parkwest Two, 15401 Weston Parkway, Suite 150, Cary, N.C. 27513. The company will be hiring the majority of its workforce from the Research Triangle Park area starting immediately, with its current headquarters closing on Feb. 28, 2006.

“Locating the company’s headquarters to Cary brings us closer to our customers by giving us the ability to recruit and retain industry experts in the specialty crops, cereals and turf and ornamental commercial markets,” said Elin Miller, president and CEO, Arysta LifeScience North America. “We look forward to becoming a contributing member of the Cary community and appreciate the warm welcome we have received from the local companies helping us open our new North America headquarters for business.”

“We are very proud that Arysta LifeScience chose Cary, and we look forward to working with them to achieve their business goals and having their employee families become our friends and neighbors,” said Cary Mayor Ernie McAlister.

According to Ed Fritsch, president and CEO of Highwoods Properties, Arysta LifeScience will be leasing about 25,000 square feet in the Parkwest Two location. “We welcome Arysta LifeScience to Cary and are pleased that Highwoods is able to assist them with their headquarters move.” 

Arysta LifeScience North America’s business grew approximately 30 percent in 2004, and is known for products including EVEREST® herbicide in the U.S. and Canada; clethodim, under the trade names SELECT® and CENTURION®; ARENA™, an insecticide that is registered for turf and ornamental in the U.S.; CAPTAN broad spectrum fungicide; ELEVATE® fungicide used primarily in grapes and strawberries; and more recently, KANEMITE™ acaricide. Another strong brand in the company’s portfolio is CLUTCH™ insecticide in Mexico. The company is also optimistic about pending registration of MIDAS™ soil fumigant and BATTALION™ insecticide in the near future.

Headquartered in Tokyo, Japan, Arysta LifeScience is the world’s largest privately-held crop protection and life science company with 2004 revenues of ¥103.2 billion (US$1 billion). An entrepreneurial provider of crop protection and life science products in more than 100 countries worldwide, Arysta LifeScience specializes in the marketing and distribution of respected crop protection brands and life science products in harmony with the needs of global producers. More information on the company is available at: www.arystalifescience.com.

The Cary Chamber of Commerce serves as the unified voice for businesses in the area.  The Chamber provides members with leadership and networking opportunities to achieve the common goal of creating and maintaining quality growth and development.  There are over 1200 Chamber members, comprised of both small business owners and major corporations.  The Cary Chamber offices are located on Academy Street in Cary, North Carolina at 307 N. Academy Street.  For more information call 919/467/1016 or visit www.carychamber.com.    
    
Highwoods Properties, a member of the S&P MidCap 400 Index, is a fully integrated, self-administered real estate investment trust ("REIT") that provides leasing, management, development, construction and other customer-related services for its properties and for third parties. As of March 31, 2005, the Company owns or has an interest in 504 in-service office, industrial and retail properties encompassing approximately 39.5 million square feet. Highwoods also owns approximately 1,115 acres of development land. Highwoods is based in Raleigh, North Carolina, and its properties and development land are located in Florida, Georgia, Iowa, Kansas, Maryland, Missouri, North Carolina, South Carolina, Tennessee and Virginia.