Hines is dedicated to conducting business in accordance with the highest of ethical standards and to following the letter and spirit of the laws and regulations applicable to our business. Our reputation in the worldwide business and financial community was built on this principle, and I am personally committed to maintaining our excellent reputation.

We expect employees, shareholders and business partners to report conduct they believe to be unethical or in violation of the law, the Hines Code of Business Conduct, or other Hines policies.

This website, established for Hines by EthicsPoint, provides an anonymous and confidential source if someone is uncomfortable reporting ethical or legal concerns to me, Hines management, Human Resources or Internal Audit.

We will respond to all reports promptly and professionally. We will not permit discrimination or retaliation against any employee or business partner who reports in good faith unethical conduct or violations of laws, or who participates in the investigation of such reports.

Jeffrey C. Hines