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Contact: Anne H. Wein Council for Entrepreneurial Development awein@cednc.org

Office: 919.549.7500 ext.119 Mobile: 434-825-8314 www.cednc.org

CED Asserts 'Entrepreneurship is Alive and Well'

June 18, 2002, Research Triangle Park, NC - At the Council for Entrepreneurial Development's (CED) annual Entrepreneurial Excellence Awards on June 18, the award winners weren't the only ones rejoicing. The crowd celebrated the entire entrepreneurship sector of the regional economy through recognition of the high caliber awardees and the announcement of a recent large commitment to CED's Innovation to Impact campaign.

CED announced the winners of its twelve awards, which include:

Entrepreneurial Excellence & Deal of Year
Magellan Labs
Alfred Childers
W. Lowry Caudill

Outstanding Service to Entrepreneurs
Larry Robbins

Growth Company of Year
TogetherSoft

Life Science Technology of the Year
Norak Bioscience

IT Product of the Year
Peopleclick

Spin-Out of the Year
Amphora
Silicon Wireless

Established Company
Trimeris

Chairman's Service Award
Jeff Clark
Merrill Mason
Steve Nelson
Bill Gwyn
Dick Daugherty
Fred Hutchison
Tim Gupton
Jim Talton

Public Servant
Treasurer Richard Moore

Start-Up of the Year
Athenix
Cropsolution

Angel of the Year
Bernard Gray

Capital Connection Company of the Year
AIMS, Co.

"Tonight reinforces that there are still great entrepreneurs starting and running terrific companies," said Monica Doss, CED president. "Entrepreneurs are an optimistic bunch and will prevail even in difficult economic times."

The other big announcement of the evening included a $150,000 commitment from Alexandria Real Estate Equities, Inc. (only the second firm to commit at that level). The commitment brings the current campaign total to $3.5 million in cash pledges and to almost $4 million with trades.

"Challenging times create an even stronger need for entrepreneurs and the programs that support them," said Joel Marcus, CEO, Alexandria Real Estate Equities, Inc. "The culmination of CED's very successful Innovation to Impact campaign enables the organization to provide these crucial programs and services for the foreseeable future."

About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) is the first and only publicly traded real estate operating company principally focused on the ownership, operation, management, acquisition, conversion, retrofitting, expansion and selective redevelopment and development of properties containing office/laboratory space. Such properties are designed and improved for lease primarily to pharmaceutical, biotechnology, life science product and service companies, not-for-profit scientific research institutions, universities and related government agencies. Alexandria's portfolio currently consists of 85 properties comprising approximately 5.5 million square feet of office/laboratory space.

About CED
The Council for Entrepreneurial Development, located in Research Triangle Park, NC, is a private, non-profit organization formed in 1984 to stimulate the creation and growth of high-impact companies in the greater Research Triangle region. CED provides education, mentoring and capital formation resources to new and existing high-growth entrepreneurs through annual conferences, seminars, workshops and monthly programs on entrepreneurial management and finance. CED is the largest entrepreneurial support organization in the nation with more than 5,000 members representing 1,200 entrepreneurial companies, financiers and professional firms. For more information, visit www.cednc.org.

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