Developers Diversified Realty to Present at National Association of REITs Investor Forum

CLEVELAND, OH , the leading owner, manager and developer of market-dominant shopping centers, today announced that Scott Wolstein, Chairman and Chief Executive Officer; Daniel Hurwitz, President and Chief Operating Officer; and David Oakes, Executive Vice President of Finance and Chief Investment Officer, will present a general corporate overview followed by a question and answer session at the National Association of REITs Investor Forum on Wednesday June 4, 2007, at 3:30 p.m. EDT at The Waldorf Astoria in New York City, NY.

This presentation will be webcast and can be accessed from Developers Diversified's web site at www.ddr.com. The webcast will be available for replay until September 5, 2008.

Developers Diversified owns and manages over 740 retail properties in 45 states, plus Puerto Rico, Brazil, Russia and Canada totaling 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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