DDR Ddr Corp.

Developers Diversified Realty (NYSE: DDR) today announced that it will host an investor day on July 1, 2009 in Philadelphia, PA. Presentations will be made by members of senior management and will be webcast live from 9:30 a.m. until 12:00 p.m. EDT.

The webcast and presentation materials can be accessed through the Investor Relations section of www.ddr.com. An audio archive of the event will be available shortly after the event concludes.

Developers Diversified owns and manages over 700 retail operating and development properties in 45 states, plus Puerto Rico, Brazil, and Canada totaling approximately 153 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 is available on the Internet at www.ddr.com.

Contact: Tom Morabito Senior Director of Investor Relations Developers Diversified Realty Main: (216) 755-5500 E-mail: Email Contact