General Growth Properties to Release 2008 Year-End Results on February 23, 2009

General Growth Properties, Inc. (NYSE:GGP) announced that as a result of its ongoing strategic review of alternatives, it now plans to release earnings for the fourth quarter and full year of 2008 on February 23, 2009, after the market closes, which is two weeks later than the previously projected date. The Company will not conduct a conference call this quarter.

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 and the earnings release it references contain 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, tenant occupancy and tenant bankruptcies, the level of indebtedness and interest rates, retail and credit market conditions, land sales in the Master Planned Communities segment, the cost and success of development and re-development projects and our ability to successfully manage liquidity and refinancing demands. Readers are referred to the documents filed by General Growth Properties, Inc. with the SEC, specifically the most recent report on Form 10-K (as amended by Amendment No.1 to such report filed on Form 10-K/A), 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.

GGP Inc. (NYSE:GGP)
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