THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

EastGroup Properties, Inc. (EGP)

5/1/2006 Proxy information

Mr. Speed served as Chief Executive Officer of EastGroup Properties, Inc. until 1997.

4/27/2005 Proxy information

Cost Sharing Arrangement with Parkway Properties, Inc. Currently, Parkway Properties, Inc. and the Company equally share the services and expenses of the Chairman of the Board of Directors. These services and expenses include rent for office and storage space, administrative costs, insurance benefits, entertainment and travel expenses. For the year ended December 31, 2004, EastGroup's share for these services and expenses totaled approximately $19,000. Mr. Speed's base compensation is determined by our Compensation Committee which considers the amount of time Mr. Speed has spent on EastGroup business in the past and estimates the amount of time Mr. Speed will spend on EastGroup matters in the future. EastGroup also leases 12,000 square feet of space for its executive offices in Jackson, Mississippi in a building owned by Parkway.

Leland R. Speed consults with management of Parkway Properties, Inc. and EastGroup Properties, Inc. on issues with respect to which such management seeks his advice and input.

Mr. Speed served as Chief Executive Officer of EastGroup Properties, Inc. until 1997.