SC-U.S. Realty Announces Registration of 2% Convertible

Notes Declared Effective by SEC Luxembourg (PROTEXT) - SC-U.S. Realty (NYSE: RTY; AmsterdamISIN-Code: LU0060100673) announced that on 30 July 1999, aregistration statement under the Securities Act of 1933 withrespect to the company's 2% Senior Unsecured Convertible Notesdue May 2003 (CUSIP #814136 AB 3) was declared effective by theU.S. Securities and Exchange Commission. (http://www.newscom.com/cgi-bin/prnh/19990624/HSTH025 ) As previously announced, SC-U.S. Realty's American DepositaryReceipts (ADRs) were listed on the New York Stock Exchange on 24June 1999. Trading of the company's ADRs will be facilitatedthrough an ADR programme administered by The Bank of New York. Atthe request of SC-U.S. Realty, The Bank of New York has agreed towaive its customary share-for-ADR exchange fees until 17September 1999. SC-U.S. Realty is a research-driven, growth-oriented realestate company focused on taking significant strategic investmentpositions in value-added real estate operating companies based inthe United States. SC-U.S. Realty's strategic investments as of30 June 1999 included ownership positions and commitments to sixU.S. real estate operating companies with a combined marketcapitalisation of approximately $8.8 billion. All monetary figures are expressed in United States currency. In addition to historical information, this press releasecontains forward-looking statements. These statements are basedon current expectations, estimates and projections about theindustry and markets in which Security Capital U.S. Realtyoperates, management's beliefs and assumptions made bymanagement. Forward-looking statements are not guarantees offuture performance and involve certain risks and uncertaintiesthat are difficult to predict. Actual operating results may beaffected by changes in international, national or local economicconditions, competitive market conditions, and conditions in thesecurities markets, and therefore, may differ materially fromwhat is expressed or forecasted in this press release. otsOriginal Text Service: SC-U.S. Realty Internet:http://www.newsaktuell.de Contact: W. Scott Hartman for SC-U.S.Realty, +352-46-37-56-1 Photo: http://www.newscom.com/cgi-bin/prnh/19990624/HSTH025

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