GGP Ggp Inc. (delisted)

Subsequent to its second quarter end earnings release on August 1, 2005, General Growth Properties, Inc. (NYSE:GGP) will host a live webcast of its earnings conference call via the Company web site www.generalgrowth.com. The webcast will take place on Tuesday, August 2, 2005, at 10:00 a.m. Eastern Time (9:00 a.m. CT / 7:00 a.m. PT), and can be accessed by going to the following link just prior to the start of the call: www.generalgrowth.com. Click on the webcast banner in the right-hand column of the home page to be directed to the live audio event. Additionally, the online earnings release will be available in the "Investment" section under "Shareholder Info" / "Financial Releases." Generalgrowth.com will archive the call following the end of the live webcast. To listen at any time, visit the "Investment" section of the site and select "Financial Downloads." The archived webcast can then be located by clicking on the "Audio Events" tab. There is no charge for accessing the aforementioned webcasting service. General Growth Properties, Inc. is the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT). General Growth currently has ownership interest and management responsibility for a portfolio of 209 regional shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The Company portfolio totals approximately 200 million square feet of retail space and includes over 18,000 retailers nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit the Company Web site at www.generalgrowth.com. The conference call webcast described above may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital requirements, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, tenant bankruptcies, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. Readers are referred to the documents filed by General Growth Properties, Inc. with the SEC, specifically the most recent reports on Forms 10-K and 10-Q, which identify important risk factors which could cause actual results to differ from those contained in the forward-looking statements.