WESTFIELD AMERICA INC
10-Q, EX-99.1, 2000-08-14
OPERATORS OF NONRESIDENTIAL BUILDINGS
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                                                                    EXHIBIT 99.1

                        AGREEMENT REGARDING DISCLOSURE OF
                           LONG-TERM DEBT INSTRUMENTS

         In reliance upon Item 601(b)(4)(iii)(A) of Regulation S-K, Westfield
America, Inc., a Missouri corporation (the "Company"), has not filed as an
exhibit to its Quarterly Report on Form 10-Q for the quarter ended June 30,
2000, any instrument with respect to long-term debt not being registered where
the total amount of securities authorized thereunder does not exceed 10 percent
of the total assets of the Company and its subsidiaries on a consolidated basis.
Pursuant to Item 601(b)(4)(iii)(A) of Regulation S-K, the Company hereby agrees
to furnish a copy of any such agreement to the Securities and Exchange
Commission upon request.

                                    Westfield America, Inc.

                                    By:  /s/ Peter S. Lowy
                                        ------------------------------
                                             Peter S. Lowy
                                             Co-President


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