CLEVELAND, OH , the leading owner, manager and developer of market-dominant shopping centers, today announced that financial results for the quarter ended March 31, 2008, will be released after the market closes on Thursday, April 24, 2008. The Company will conduct a conference call and audio webcast on Friday, April 25, 2008 at 11:00 a.m. EDT.

To access the conference, dial 1.866.700.7441 (domestic), or 1.617.213.8839 (international) at least ten minutes prior to the scheduled start of the call. When prompted, provide the passcode: 12377289.

The conference call will be recorded and available for replay beginning at 1:00 p.m. on April 25, 2008 and will be available until 5:00 p.m. on May 26, 2008. To access the conference call recording, dial 1.888.286.8010 (domestic), or 1.617.801.6888 (international) and use the passcode: 63646336. The conference call webcast 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 163 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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