Jones Lang LaSalle Home Letter To Our Shareholders Directors & Officers
Five Priorities For Growth 2005 Financial Highlights Company Information
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Holding Company Headquarters

Jones Lang LaSalle Incorporated
200 East Randolph Drive
Chicago, Illinois 60601
tel +1 312 782 5800

Web Site Addresses

Jones Lang LaSalle
www.joneslanglasalle.com

LaSalle Investment Management
www.lasalle.com

Jones Lang LaSalle Hotels
www.joneslanglasallehotels.com

Regional Contact Information

Each of our businesses—Jones Lang LaSalle Investor and Occupier Services, LaSalle Investment Management and Jones Lang LaSalle Hotels—operates in the Americas, Europe and Asia Pacific. Regional contact information for these businesses may be found on the Web sites referenced above.

Independent Registered Public Accounting Firm

KPMG LLP
303 East Wacker Drive
Chicago, Illinois 60601

Stock Transfer Agent, Registrar and Dividend Paying Agent

Mellon Investor Services
480 Washington Boulevard
Jersey City, New Jersey 07310
tel +1 201 680 4000
www.melloninvestor.com

Investor Relations

Requests for the 2005 Jones Lang LaSalle Annual Report on Form 10-K (which will be provided free of charge) and other inquiries from investors should be directed to:

Jones Lang LaSalle Incorporated
Investor Relations Department
200 East Randolph Drive
Chicago, Illinois 60601
tel +1 312 782 5800
www.joneslanglasalle.com

Common Share
Market Prices

Jones Lang LaSalle’s common stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol JLL.

Following are the high and low daily closing prices of our common stock for 2005 and 2004:

2005HighLow
4Q $ 52.48 $ 45.05
3Q $ 50.65 $ 43.88
2Q $ 47.41 $ 36.90
1Q $ 47.30 $ 34.54
2004 High Low
4Q $ 37.97 $ 30.54
3Q $ 33.25 $ 26.61
2Q $ 27.20 $ 22.65
1Q $ 25.98 $ 20.46

NYSE and SEC Certifications

As required, during 2005 our Chief Executive Officer certified to the New York Stock Exchange that he was not aware of any violation by Jones Lang LaSalle of NYSE corporate governance listing standards. In addition, Jones Lang LaSalle has filed with the Securities and Exchange Commission, as exhibits to its 2005 Annual Report on Form 10-K, the certifications of its Chief Executive Officer and Chief Financial Officer required under Section 302 of the Sarbanes-Oxley Act of 2002 regarding the quality of its public disclosure.

Jones Lang LaSalle
Code of Business Ethics

Jones Lang LaSalle stands for uncompromising integrity and the highest ethical conduct. We are proud of, and are determined to protect and enhance, the global reputation we have established. In a service business such as ours, the integrity that our brand represents is one of our most valuable assets. The Jones Lang LaSalle Code of Business Ethics, which may be found on our Web site, contains the ethics policies that everyone who does business on behalf of our firm must follow. Reports of possible violations of our Code of Business Ethics may be made to our global Ethics Hotline at +1 877 540 5066.

Jones Lang LaSalle
Vendor Code of Conduct

Jones Lang LaSalle expects that each of its vendors, meaning any firm or individual providing a product or service to Jones Lang LaSalle or indirectly to our clients as a contractor or subcontractor, will share and embrace the letter and spirit of our commitment to integrity. While vendors are independent entities, their business practices may significantly reflect upon us, our reputation and our brand. Accordingly, we expect all vendors to adhere to the Jones Lang LaSalle Vendor Code of Conduct, which may be found on our Web site. Reports of possible violations of our Vendor Code of Conduct may be made to our global Ethics Hotline at the number above.

Commitment to Diversity

Jones Lang LaSalle works to foster an environment that values the richness of our differences and reflects the diverse world in which we live and work. By cultivating a dynamic mix of people and ideas, we enrich our firm’s performance, the communities in which we operate and the lives of our employees. We seek to recruit a diverse workforce, develop and promote exceptional talent from diverse backgrounds, and embrace the varied experiences of all our employees.

Corporate Citizenship and Sustainability

We encourage and promote the principles of corporate citizenship and sustainability everywhere we operate. Since our business operations span the globe, we seek to improve the communities in which our people work and live. We design our corporate policies to reflect the highest standards of corporate governance and transparency, and we hold ourselves responsible for our social, environmental and economic performance. These priorities guide the interactions we have with our shareholders, clients, employees, regulators and vendors, as well as with all others with whom we come into contact, as we pursue our vision to be the real estate expert and strategic advisor of choice for leading owners, occupiers and investors.

Cautionary Note Regarding Forward-looking Statements

Certain statements in this Annual Report may constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors that may cause Jones Lang LaSalle’s actual results to be materially different from any future results implied by such forward-looking statements. Please see our 2005 Form 10-K for a discussion of such risks, uncertainties and other factors.


© 2006 Jones Lang LaSalle Incorporated. All rights reserved.
Jones Lang LaSalle, our logo and certain other brands mentioned in the Annual Report are registered service marks and/or otherwise protected in accordance with applicable laws.

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