Developers Diversified Realty Announces the Date of Its Fourth Quarter Earnings Release and Conference Call

CLEVELAND, OH , the leading owner, manager and developer of market-dominant shopping centers, today announced that financial results for the quarter ended December 31, 2007, will be released after the market closes on Tuesday, February 12, 2008. The Company will conduct a conference call and audio webcast on Wednesday, February 13, 2008 at 10:00 a.m. EST.

To access the conference, dial 1.866.800.8652 (domestic), or 1.617.614.2705 (international) at least ten minutes prior to the scheduled start of the call. When prompted, provide the passcode: 85993223.

The conference call will be recorded and available for replay beginning at 12:00 p.m. on February 13, 2008, and will be available until 5:00 p.m. on March 13, 2008. To access the conference call recording, dial 1.888.286.8010 (domestic), or 1.617.801.6888 (international) and use the passcode: 17856726. The conference call will be webcast and can be accessed via the Developers Diversified website, www.ddr.com.

Developers Diversified Realty owns and manages approximately 740 retail operating and development properties in 45 states, plus Puerto Rico, Brazil, Russia, and Canada, totaling over 160 million square feet. The Company is a self-administered and self-managed real estate investment trust (REIT) operating as a fully integrated real estate company which acquires, develops and leases shopping centers. Additional information about Developers Diversified Realty is available on the Internet at http://www.ddr.com.

Contact: Michelle M. Dawson Vice President of Investor Relations Developers Diversified Realty Main: (216) 755-5500 E-mail: Email Contact

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