CORRECTING and REPLACING Equity One Announces Pricing of Common Stock Offering

  CORRECTING and REPLACING Equity One Announces Pricing of Common Stock
  Offering

CORRECTION...by Equity One, Inc.

Business Wire

NORTH MIAMI BEACH, Fla. -- August 09, 2012

Please replace the release with the following corrected version due to
multiple revisions.

The corrected release reads:

EQUITY ONE ANNOUNCES PRICING OF COMMON STOCK OFFERING

Equity One, Inc. (NYSE:EQY), an owner, developer, and operator of shopping
centers, announced today the pricing of its underwritten public offering of
4.1 million shares of its common stock on August 8, 2012, at a price to the
public of $21.20 per share. The Company is offering 3.1 million shares of its
common stock and 1 million shares are being offered by AH Investments US, LP,
a stockholder of the Company. Equity One will not receive any of the proceeds
from the sale of shares of common stock by the selling stockholder in the
offering. The Company and the selling stockholder granted the underwriter a
30-day option to purchase up to an additional 465,000 shares of common stock
and 150,000 shares of common stock, respectively. The offering was made
pursuant to the Company’s effective shelf registration statement and
settlement is expected to occur on or about August 14, 2012. The Company
intends to use its net proceeds to reduce the outstanding balance under its
unsecured revolving credit facility and for other corporate purposes,
including pending and future acquisitions and to fund development and
redevelopment activities.

In addition, MGN (USA), Inc., an entity affiliated with Equity One’s largest
stockholder, Gazit-Globe, Ltd., has agreed to purchase directly from the
Company an additional 500,000 shares of common stock in a private placement
transaction to be consummated simultaneously with and subject to the closing
of the public offering at a price per share equal to the public offering
price.

Barclays is acting as the sole underwriter of the offering.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities laws
of any such state or other jurisdiction. The offering may be made only by
means of a prospectus and related prospectus supplement. A final prospectus
supplement and accompanying base prospectus related to the offering will be
filed with the Securities and Exchange Commission. A copy of the prospectus
supplement and prospectus relating to these securities may be obtained, when
available, from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717, by calling toll free at (888) 603-5847, or
by emailing Barclaysprospectus@broadridge.com.

ABOUT EQUITY ONE, INC.

As of June 30, 2012, Equity One’s consolidated property portfolio comprised
165 properties consisting of approximately 16.8 million square feet of gross
leasable area, including 142 shopping centers, 11 development or redevelopment
properties, five non-retail properties and seven land parcels.

FORWARD LOOKING STATEMENTS

Certain matters discussed by Equity One in this press release constitute
forward-looking statements within the meaning of the federal securities laws.
Forward-looking statements in this press release include, among others,
statements about the terms and size of the offering and the private placement
transaction and the use of proceeds from the offering. Although Equity One
believes that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance that these
expectations will be achieved. Factors that could cause actual results to
differ materially from current expectations include volatility of the capital
markets; changes in macro-economic conditions and the demand for retail space
in the states in which Equity One owns properties; the continuing financial
success of Equity One’s current and prospective tenants; the risks that Equity
One may not be able to proceed with or obtain necessary approvals for
development or redevelopment projects or that it may take more time to
complete such projects or incur costs greater than anticipated; the
availability of properties for acquisition; the extent to which continuing
supply constraints occur in geographic markets where Equity One owns
properties; the success of its efforts to lease up vacant space; the effects
of natural and other disasters; the ability of Equity One to successfully
integrate the operations and systems of acquired companies and properties;
changes in Equity One’s credit ratings; and other risks, which are described
in Equity One’s filings with the Securities and Exchange Commission.

Contact:

Equity One, Inc.
Mark Langer, 305-947-1664
EVP and Chief Financial Officer