General Growth Issues Response to Unusual Market Activity in the Company's Common Stock

General Growth Properties, Inc. (NYSE: GGP) (the �Company�) announced that as a result of the unusual market activity in the Company�s common stock, the New York Stock Exchange contacted the Company and requested the Company issue a public statement indicating whether there are any corporate developments that might explain the unusual activity.

The Company announced it is not aware of any corporate developments that might explain the unusual market activity.

GGP INFORMATION

General Growth Properties, Inc. is a U.S.-based, publicly traded Real Estate Investment Trust. The Company currently has an ownership interest in, or management responsibility for, 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.

FORWARD LOOKING STATEMENTS

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, a potential bankruptcy filing, our ability to refinance, extend or repay our near and intermediate term debt, our substantial level of indebtedness and interest rates, retail and credit market conditions, impairments, land sales in the Master Planned Communities segment, the cost and success of development and re-development projects and our ability to successfully manage our strategic and financial review and our liquidity demands. Readers are referred to the documents filed by General Growth Properties, Inc. with the Securities and Exchange Commission, 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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