CEO Message

Message from President and Chief Executive Officer
Mitchell E. Hersh

September 30, 2009

Dear Shareholder:

I am pleased to report that Mack-Cali has had another active quarter in
leasing—finishing the third quarter at 90% occupancy. In fact, in most regions, we continue to outperform the markets in which we operate. (For more information on our results and accomplishments, please refer to our third quarter earnings press release, supplemental package and Form 10Q.)

During the third quarter, the company completed a public offering of $250 million in 7.75% senior unsecured notes. The successful execution of this offering is clearly a strong indicator of the capital markets’ continued confidence in Mack-Cali.

In these challenging times, tenants are looking for strong, stable landlords that have long-term ownership strategies, as well as capital available to maintain first-class, technologically state-of-the-art assets. For these reasons, tenants continue to make Mack-Cali their landlord of choice.

Thank you for your interest in Mack-Cali.

Sincerely,

Mitchell E. Hersh