Brookfield Properties Corporation To Hold Conference Call and Webcast of 2008 Fourth Quarter and Full-Year Financial Results Thursday, February 5, 2009 at 11:00 a.m. (ET)

NEW YORK--(Business Wire)--
Brookfield Properties Corporation (BPO: NYSE, TSX) announced today that its 2008
fourth quarter and full-year results will be released prior to the market open
on Thursday, February 5, 2009. Analysts, investors and other interested parties
are invited to participate in the company`s live conference call reviewing the
results on February 5 at 11:00 a.m. (ET). Scheduled speakers are Ric Clark,
chief executive officer, and Bryan Davis, chief financial officer. Management`s
presentation will be followed by a question and answer period.

Along with the earnings news release, an updated supplemental information
package will be available on the company`s website,
www.brookfieldproperties.com, before the market open on February 5, 2009.

To participate in the conference call, please dial 800.374.0199; pass code
79859209, five minutes prior to the scheduled start of the call.

A replay of this call can be accessed through March 6, 2009 by dialing
800.642.1687; pass code 79859209. A live webcast of the call will be available
at www.brookfieldproperties.com through March 31, 2009.

Brookfield Properties Corporation, one of North America's largest commercial
real estate companies, owns, develops and manages premier office properties. The
portfolio is comprised of interests in 108 office properties totaling 74 million
square feet in the downtown cores of New York, Boston, Washington, D.C., Los
Angeles, Houston, Toronto, Calgary and Ottawa. Landmark assets include the World
Financial Center in Manhattan, Brookfield Place in Toronto, Bank of America
Plaza in Los Angeles and Bankers Hall in Calgary. Brookfield Properties also
holds interests in over 16 million square feet of high-quality, centrally
located development properties in its major markets. Brookfield Properties
trades on the NYSE and TSX under the symbol BPO. For more information, visit
www.brookfieldproperties.com.

Brookfield Properties Corporation
Melissa Coley, 212-417-7215
Vice President, Investor Relations and Communications
melissa.coley@brookfieldproperties.com

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