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July 26, 2004
FOR IMMEDIATE RELEASE

Ryan & Company Houston Office Relocating to Williams Tower.

Dallas, Texas - Ryan & Company, America's largest independent state and local tax consulting firm, is pleased to announce that it will be relocating its Houston office to Williams Tower, located at 2800 Post Oak Boulevard. The firm has leased 22,263 square feet of space on the 42nd floor of the building, and in August will begin moving more than 40 employees from its current Uptown Houston location.

"The expansion of Ryan & Company's Houston office to Williams Tower is evidence of our strong and long-lasting commitment to the city of Houston. The company is thrilled to be a part of a Houston landmark," noted Mark Bennett, Principal in Charge of the Houston office.

Ronnie Martin of Hines, who along with Michael Anderson represented Transco Tower Limited, the building owner, added, "We are pleased that Ryan & Company has chosen Williams Tower for its new home. The Tower is a world-class property in Uptown Houston, and Ryan & Company is a solid addition to the existing tenant roster."

Jim Duggan of Duggan Realty Advisors, L.L.C., Dallas, represented Ryan & Company in lease negotiations.

About Ryan & Company
Ryan & Company is America's largest independent state and local tax consulting firm. Headquartered in Dallas, Texas, the firm provides a comprehensive range of state and local tax services on a multistate basis, including audit defense, tax recovery, tax decision automation, dispute resolution, and strategic planning. With more than 350 professionals and associates in 15 locations throughout the United States, Ryan & Company serves many of the world's most prominent Fortune 1000 companies.

About Hines
Hines is a privately owned real estate firm involved in developing, acquiring, leasing and managing real estate, as well as providing extensive international investment management and advisory services. The Hines portfolio of projects completed, underway, acquired and managed for third parties includes more than 700 properties representing over 244 million square feet of office, mixed-use, industrial, hotel, medical, sports facilities and residential properties, as well as large, master-planned communities and land developments. With offices in 69 U.S. cities and 12 foreign countries, and controlled assets valued at approximately $14 billion, Hines is one of the largest real estate organizations in the world. Access www.Hines.com for more information.

PRESS INFORMATION CONTACT:
G. Brint Ryan
Ryan & Company, Inc.
972.934.0022
brint.ryan@ryanco.com

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