CBL CBL and Associates Properties Inc

CBL & Associates Properties, Inc. (NYSE: CBL) is pleased to celebrate the Company�s 30th Anniversary and 15th year as a publicly traded company when Charles B. Lebovitz, chairman and chief executive officer, rings The Closing Bell� at the New York Stock Exchange on June 3, 2008. �We are honored to commemorate these two significant milestones with the ceremonial ringing of the bell at the NYSE,� said Charles B. Lebovitz, chairman and chief executive officer. �Through the hard work and dedication of the entire CBL organization and the support of our retailers and financial partners we have achieved 30 years of successful operations, with fifteen of those years as a publicly listed company on the NYSE.� Joining Lebovitz in the ceremony will be John N. Foy, Vice Chairman and Chief Financial Officer; Stephen Lebovitz, President; Michael Lebovitz, Senior Vice President - Chief Development Officer; Charles W. A. Willett, Jr., Senior Vice President � Real Estate Finance and Katie Reinsmidt, Director of Corporate Communications and Investor Relations. A live webcast of the event will be available online at www.nyse.com on Tuesday, June 3, 2008 beginning at 3:55 p.m. EDT. About CBL & Associates Properties, Inc. CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, holds interests in or manages 158 properties, including 86 regional malls/open-air centers. The properties are located in 27 states and total 84.7 million square feet including 2.2 million square feet of non-owned shopping centers managed for third parties. CBL currently has sixteen projects under construction totaling 4.7 million square feet including Pearland Town Center, Houston (Pearland), TX; Settlers Ridge in Pittsburgh, PA; The Pavilion at Port Orange in Port Orange, FL; Hammock Landing in West Melbourne, FL; The Promenade in D�Iberville, MS; two lifestyle/associated centers, eight expansions/redevelopments, and one community center. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas, TX, and St. Louis, MO. Additional information can be found at http://cblproperties.com. Information included herein contains "forward-looking statements" within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company's various filings with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" incorporated by reference therein, for a discussion of such risks and uncertainties.