GGP Ggp Inc. (delisted)

General Growth Properties, Inc. (NYSE:GGP) announced that it had reached an interim agreement with the beneficial holder of the $58 million TRCLP Notes to extend the maturity date of the Notes to December 11, 2008. General Growth is a U.S. based, publicly traded Real Estate Investment Trust. 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. This press release contains forward-looking statements. Actual results may differ materially from the results suggested by these forward-looking statements, for a number of reasons, including, but not limited to, our liquidity and refinancing demands, our ability to successfully manage our strategic and financial review, our level of indebtedness and interest rates, retail and credit market conditions, tenant occupancy and tenant bankruptcies, impairments, land sales in the Master Planned Communities segment, and the cost and success of development and re-development projects. Readers are referred to the documents filed by General Growth Properties, Inc. with the SEC, which further identify the important risk factors which could cause actual results to differ materially from the forward-looking statements in this release. The Company disclaims any obligation to update any forward-looking statements.