GGP Ggp Inc. (delisted)

General Growth Properties, Inc. (NYSE: GGP) today declared a dividend of $0.50 per share, payable July 31, 2008, to common stockholders of record as of July 17, 2008. The current dividend represents an increase of 11 percent over the comparable period one year ago. Since going public in 1993, General Growth Properties has increased the regular dividend by a compound annual growth rate (CAGR) of 10%, which is more than that of any other retail, commercial, or residential REIT greater than $1 billion in market capitalization and more than 400 basis points greater than the NAREIT average over the same period. The Company is one of the largest U.S.-based publicly traded Real Estate Investment Trusts based upon total market capitalization. The Company currently has an ownership interest in or management responsibility for a portfolio of more than 200 regional shopping malls in 44 states, as well as ownership in master planned community developments and commercial office buildings. The Company portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide. The Company is listed on the New York Stock Exchange under the symbol �GGP�. For more information, please visit the Company Web site at www.ggp.com.