EXHIBIT 99.1
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JONES LANG LASALLE NEWS RELEASE
FOR IMMEDIATE RELEASE 200 East Randolph Drive
Chicago Illinois 60601
22 Hanover Square
London W1A 2BN
Contact: Lauralee Martin,
Chief Financial Officer
Company: Jones Lang LaSalle
Phone: +1 312 228 2073
JONES LANG LASALLE ANNOUNCES SHARE REPURCHASE PROGRAM
CHICAGO AND LONDON, FEBRUARY 27, 2004 - Jones Lang LaSalle Incorporated
(NYSE: JLL), the leading global real estate services and investment
management firm, announced today that it will purchase up to 1.5 million
shares under a share repurchase program approved by the Board of Directors.
The shares will be purchased in the open market and in privately negotiated
transactions. The repurchase of shares is primarily intended to offset
dilution resulting from both stock and stock option grants made under the
firm's existing stock plans. This program will replace any previously
announced repurchase programs.
Jones Lang LaSalle is the world's leading real estate services and
investment management firm, operating across more than 100 markets around
the globe. The company provides comprehensive integrated expertise,
including management services, implementation services and investment
management services on a local, regional and global level to owners,
occupiers and investors. Jones Lang LaSalle is also the industry leader in
property and corporate facility management services, with a portfolio of
approximately 725 million square feet (67 million square meters) under
management worldwide. LaSalle Investment Management, the company's
investment management business, is one of the world's largest and most
diverse real estate investment management firms, with approximately $21
billion of assets under management. For more information, visit
www.joneslanglasalle.com.
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