Forest City Enterprises Notice of Semi-Annual Earnings Conference Call Friday, March 31, 2006, 11:00 A.M. ET

CLEVELAND--(BUSINESS WIRE)--March 20, 2006--Forest City Enterprises (NYSE:FCEA)(NYSE:FCEB)
                        FOREST CITY ENTERPRISES

                            CONFERENCE CALL
                 Friday, March 31, 2006, 11:00 A.M. ET

TO:    Interested analysts, brokers, and investors

FROM:  Forest City Enterprises

RE:    Forest City Enterprises' Semi-Annual Conference Call

Forest City Enterprises will release its fiscal year-end quarter financial results on March 28, 2006 and will hold a conference call on Friday, March 31, 2006 at 11:00 A.M. ET to discuss these results.

You are invited to dial into a conference call with Charles A. Ratner, President and Chief Executive Officer.

The conference call is scheduled for 11:00 A.M. ET, Friday, March 31, 2006. To participate, please dial 1-866-356-3095, using access code -- Forest City Enterprises -- approximately five minutes before the scheduled time of the conference call and tell the operator you wish to join the Forest City Semi-Annual Earnings Conference Call. The live broadcast will also be available online at Forest City's Website --

We hope you will be able to join us for this call, but if you are unable to participate, the call will be replayed from March 31, 2006, 5:00 P.M. ET to April 30, 2006, 11:59 P.M. ET. The number to hear the teleconference replay is 1-888-286-8010 and the access code for the replay is 15306483. Webcast replay will be available from March 31 to April 30 on the Forest City website -

If you have questions, or if you have trouble joining the conference call, please call AnnMarie Fenske at Forest City Enterprises, 216-621-6060.


Forest City Enterprises
AnnMarie Fenske, 216-621-6060

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