DDR Ddr Corp.

Developers Diversified Realty (NYSE: DDR), the leading owner, manager and developer of market-dominant shopping centers, today announced that financial results for the quarter ended June 30, 2009, will be released after the market closes on Thursday, July 23, 2009. The Company will conduct a conference call and audio webcast on Friday, July 24, 2009 at 10:00 a.m. EDT.

To access the conference, dial 866.713.8310 (domestic), or 617.597.5308 (international) at least ten minutes prior to the scheduled start of the call. When prompted, provide the passcode: 44290644.

The conference call will be recorded and available for replay beginning at 1:00 p.m. on July 24, 2009 and will be available until 5:00 p.m. on August 24, 2009. To access the conference call recording, dial 888.286.8010 (domestic), or 617.801.6888 (international) and use the passcode: 21827327. The conference call webcast can be accessed via the Developers Diversified website, www.ddr.com.

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

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