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CUPERTINO, CA-Mission West Properties Inc. declared a common stock dividend this week that is 9% higher than last quarter. The real estate investment trust declared a third quarter cash dividend of $0.24 per share on its common stock payable on October 11, 2001 to all common stockholders of record on September 28, 2001.

Since its first dividend in April 1999 of $0.12 per common share, MSW has had six dividend increases totaling $0.12 per common share, an increase of 100%. In trading today — the first day back since the terrorist attack — shares of MSW dropped off by nearly $1 early in the day before rebounding slightly. In afternoon trading Monday, shares of MSW stood at $12.24, off $0.on the day.

Mission West focuses on management, leasing, marketing, development and acquisition of commercial R&D properties, primarily located in the Silicon Valley portion of the San Francisco Bay Area. The Company now manages 93 properties totaling approximately 6.4 million square feet.

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