Developers Diversified Realty to Present at Citi 2008 Global Property CEO Conference

CLEVELAND, OH , the leading owner, manager and developer of market-dominant shopping centers, today announced that Scott Wolstein, Chairman and Chief Executive Officer, will present at the Citi 2008 Global Property CEO Conference to be held in Palm Beach, Florida. The Company's presentation is scheduled for 1:55 p.m. EST on Monday, March 3 and may be accessed live via conference call by dialing (719) 234-7878, passcode: 567994.

Developers Diversified owns or manages approximately 740 operating and development retail properties in 45 states, plus Puerto Rico, Brazil, Russia and Canada comprising approximately 163 million square feet. Developers Diversified is a self-administered and self-managed real estate investment trust (REIT) operating as a fully integrated real estate company which develops, leases and manages shopping centers. Additional information about Developers Diversified 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 Fax: (216) 755-1455 E-mail: Email Contact

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