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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                           SCHEDULE 14A INFORMATION
                   PROXY STATEMENT PURSUANT TO SECTION 14(a)
                    OF THE SECURITIES EXCHANGE ACT OF 1934
                              (AMENDMENT NO. __)

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                  Rule 14a-6(e)(2))
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         | |      Soliciting Material Pursuant to Rule 14a-12

                             Post Properties, Inc.
               (Name of Registrant as Specified in Its Charter)


   (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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                             [POST PROPERTIES LOGO]

For Immediate Release


Contact:        Judith Wilkinson/Nina Covalesky                   PRESS RELEASE
                Joele Frank, Wilkinson Brimmer Katcher
                (212) 355-4449

          Post Properties Comments on John Williams' Latest Statements

ATLANTA, May 15, 2003 - Post Properties, Inc. (NYSE: PPS), an Atlanta-based real
estate investment trust, today issued the following statement in response to
John Williams' press release dated May 15, 2003:

           Mr. Williams' statement that he would resign from the Post board if
           his slate is elected is just another attempt to distance himself from
           his own proxy contest. Mr. Williams is desperately trying to hide
           behind the curtain - but his feet are still showing. He is still
           trying to control the Company with a Williams-dominated board and a
           Williams-designated CEO. We said weeks ago that this is the John
           Williams show from start to finish, and nothing has changed.

With regard to Mr. Lowenthal's revised compensation package, the Company noted
that:

           Mr. Williams has already shown his true colors on corporate
           governance by originally agreeing to give his CEO designate 500,000
           SARs at a price far below market. All he has done today is trade
           price - still below market - for a 75% increase in the number of
           SARs. In addition to the SARs, Mr. Lowenthal is still to receive a
           $750,000 base salary with a guaranteed minimum $750,000 bonus. He
           also will be given 100,000 shares of restricted stock and a very
           generous package of perks and benefits.

Nationwide, Post Properties owns approximately 30,078 apartment homes in 80
communities, including 859 units currently under development.


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Certain statements made in this release and other written or oral statements
made by or on behalf of the Company may constitute "forward-looking statements"
within the meaning of the federal securities laws. Statements regarding future
events and developments and the Company's future performance, as well as
management's expectations, beliefs, intentions, plans, estimates or projections
relating to the future, are forward-looking statements within the meaning of
these laws. Management believes that these forward-looking statements are
reasonable; however, you should not place undue reliance on such statements.
These statements are based on current expectations and speak only as of the date
of such statements. The Company undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of future events, new
information or otherwise. Important risk factors regarding the Company are
included under the caption "Risk Factors" in the Company's Annual Report on Form
10-K for the year ended December 31, 2002 and may be discussed in subsequent
filings with the SEC.

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