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                            POST PROPERTIES, INC.
               (Name Of Registrant As Specified In Its Charter)

                                JOHN A. WILLIAMS
                                  ROY E. BARNES
                             FRANCIS L. BRYANT, JR.
                                 PAUL J. DOLINOY
                                THOMAS J.A. LAVIN
                                GEORGE R. PUSKAR
   (Name Of Person(s) Filing Proxy Statement, If Other Than The Registrant)


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        [The following materials were posted on WWW.POSTSHAREHOLDERS.COM
                               on April 29, 2003]



                KEY QUESTIONS FOR POST'S BOARD AND MANAGEMENT
                ---------------------------------------------

                          SHAREHOLDERS DESERVE ANSWERS

1)    Why don't you have a fiduciary duty to explore bona fide acquisition
      proposals like the $26 proposal received on March 14, 2003?
2)    Can you explain your financial analysis justifying your rejection of their
      offer, and your refusal to take them up on their willingness to explore
      paying potentially more?
3)    Given your refusal to explore this proposal, what is your plan for
      restoring operating performance to levels that will result in a share
      price reflecting a meaningful premium to the $26.00 per share offer? How
      long should shareholders wait for this restoration of value?
4)    What revenue management programs will you put in place to stem the tide of
      declining same store revenue, which remains the worst amongst a peer group
      of 16 major publicly traded apartment companies?
5)    How would you respond to the questions raised by independent analysts and
      investors who are concerned that they believe Post's stock price will
      decline if the independent slate is not elected? Will it go back to
      $22.95, the closing price of Post shares on March 14, 2003, the day the
      company received the bona fide acquisition proposal?
6)    Why haven't we heard about the compensation package being negotiated for
      Bob Goddard? Are you afraid to share that information with shareholders
      before the annual meeting?
7)    What qualifies Goddard for his leadership position - he has never held a
      position of leadership in a public company, let alone a major publicly
      traded apartment REIT - shareholders have a right to know this material
      information before the vote?
8)    Will you confirm or deny that employees feel some executives are using
      intimidation tactics that they will be fired or will lose their jobs if
      they vote in favor of the independent slate proposed by John Williams?
      Will you confirm that employees will not face any reprisals based on how
      they vote, and that their votes of their 401K plan shares will be kept
      confidential as required by law?
9)    Why have you refused to give any explanation for the firings of Greg Fox,
      Chief Financial Officer and his direct report, Doug Gray, Executive Vice
      President, responsible for asset acquisitions and dispositions, two of the
      top six senior executives of the company? If their performance was so
      unsatisfactory, why were their severance packages so rich? Are they
      required, as part of their sweetheart payments, not to discuss the
      circumstances of their termination?
10)   How can you justify paying Fox, a fired employee, a severance package of
      approximately $1.7 million, and Gray, another fired employee, over $1
      million in a severance package, according to our estimates based on the


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      company's public disclosure? Is this also fair to associates of Post, who
      have been forced to take a 2 1/2 percent cap on salary increases?
11)   Do you think that conducting over $200 million in asset sales through just
      one broker, with whom the company has no formal engagement documentation,
      and no incentive or penalty clauses, demonstrates the company has no
      proper oversight over the sale process? Why didn't the Board know about
      this?
12)   Is it true, as we have heard, that John Mears, EVP of Development and
      another of the top six executives of the company, is leaving the company?
      If so, why? If he, too, is gone, that will make 50% of the top management
      leaving without proper explanation to shareholders. What are you hiding
      from Post shareholders?