Post Properties Announces Estimated Income Tax Characteristics of 2010 Dividends

ATLANTA, GA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced today how it expects its 2010 dividends to be classified for federal income tax purposes.

 The dividend classifications are shown on the attached chart (Please contact Chris Papa, 404-846-5000, for chart information).

Of special note is that for tax reporting purposes, the common stock dividend payable on January 14, 2011 is taxable in year 2011. This release is based on the preliminary results of work on the Company’s tax filings and is subject to correction or adjustment when the filings are completed.

The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company’s dividends. No material change in these classifications is expected.