Cousins Properties Declares Third Quarter Preferred and Common Stock Dividends

ATLANTA, GA--Cousins Properties Incorporated's (NYSE: CUZ) Board of Directors has declared a regular quarterly cash dividend on its Series A Cumulative Redeemable Preferred Stock.

The dividend of $0.484375 per share, or $1.9375 on an annualized basis, is payable August 15, 2008, to Series A preferred stockholders of record on August 1, 2008.

The Board of Directors has also declared a regular quarterly cash dividendon its Series B Cumulative Redeemable Preferred Stock.

The dividend of $0.46875 per share, or $1.875 on an annualized basis, is payable August 15, 2008, to Series B preferred stockholders of record on August 1, 2008.

The Board of Directors has also declared a regular quarterly cash dividend of $0.37 per share, or $1.48 on an annualized basis, payable August 25, 2008, to common stockholders of record on August 11, 2008.

CONTACTS:

Jim Fleming, (top right photo) Chief Financial Officer, 404-407-1150, jimfleming@cousinsproperties.com or

media, Matt Gove, Senior Vice President, 404-407-1490, mattgove@cousinsproperties.com

Web site address: http://www.cousinsproperties.com/