CEO Message

Message from President and Chief Executive Officer Mitchell E. Hersh

October 27, 2011

Dear Shareholder:

We are pleased to end the quarter with an occupancy rate of 88.2 percent, a slight increase over the previous quarter. Despite uncertainty in the overall economy, and a lack of significant job growth, we have continued to outperform in our key markets. With premier assets that are well-located, along with our team of outstanding professionals to service our tenants, we expect to be at the forefront of the anticipated market recovery.

For more information on our results and accomplishments, please refer to our third quarter earnings press release, supplemental package and 10-Q.

Thank you for your interest in Mack-Cali.

Sincerely,

Mitchell E. Hersh