CEO Message

Message from President and Chief Executive Officer Mitchell E. Hersh

April 26, 2012

Dear Shareholder:

We are pleased to end the quarter having accomplished approximately 1.1 million square feet of leasing and an occupancy rate of 87.9 percent, notwithstanding the fact that the economic recovery and employment gains have been slow to materialize. We continue to be the landlord of choice in the markets in which we operate, offering tenants a strong, stable partner they can count on for their long-term tenancy.

During the quarter we also acquired a senior mezzanine loan position through a joint venture, and subsequent to quarter’s end completed the sale of $300 million face amount of 10-year senior unsecured notes at 4.5 percent.

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

Thank you for your interest in Mack-Cali.

Sincerely,

Mitchell E. Hersh