Stratus Properties Inc. Board Of Directors Unanimously Approves Plan To Dissolve And Sell All Assets, Estimating Total Stockholder Distributions Of $29.73 To $37.69 Per Share

March 24 (Reuters) - Stratus Properties Inc STRS.O:

• STRATUS PROPERTIES INC. BOARD OF DIRECTORS UNANIMOUSLY APPROVES PLAN TO DISSOLVE AND SELL ALL ASSETS, ESTIMATING TOTAL STOCKHOLDER DISTRIBUTIONS OF $29.73 TO $37.69 PER SHARE

• STRATUS PROPERTIES INC: PLAN INCLUDES SIGNIFICANT REDUCTION IN OVERHEAD COSTS DURING LIQUIDATION PROCESS

• STRATUS PROPERTIES INC - CO MAY VOLUNTARILY DELIST COMMON STOCK FROM NASDAQ AT FUTURE DATE

• STRATUS PROPERTIES INC: LIQUIDATION AND DISSOLUTION OF CO IS STRATEGIC ALTERNATIVE THAT IS MOST LIKELY TO RESULT IN GREATEST VALUE FOR STOCKHOLDERS

• STRATUS PROPERTIES INC - CO EXPECTS TO REDUCE GENERAL AND ADMINISTRATIVE EXPENSES IF PLAN IMPLEMENTED