Stratus Properties Sets the Record Straight on Misleading Statements and Personal Attacks Made by Oasis

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May 18, 2021

Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today issued the following letter to shareholders on behalf of Stratus’ Chairman, President and Chief Executive Officer, William (“Beau”) Armstrong III, in response to a letter recently issued by Oasis Management Ltd. (“Oasis”).