Icahn Unit Announces Extension of Expiration Date of Tender Offer for Hallwood Realty Units NEW YORK, May 27 /PRNewswire/ -- High River Limited Partnership ("High River"), an affiliate of Carl C. Icahn, announced today that it is extending the expiration date of its tender offer (the "Offer") for any and all of the limited partnership units ("Units") of Hallwood Realty Partners, L.P. (AMEX: HRY) (the "Partnership") until 5:00 pm, New York City time, on Wednesday, June 30, 2004, unless the Offer is extended to a later date and time. Approximately 47,857 Units have been tendered pursuant to the tender offer as of the close of business on May 26, 2004. DATASOURCE: Carl C. Icahn CONTACT: Susan Gordon, for Carl C. Icahn, +1-212-702-4309

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