General Growth Properties Names Sheli Rosenberg as Lead Independent Director

General Growth Properties, Inc. (NYSE: GGP) today announced its Board of Directors has named Sheli Z. Rosenberg as lead director of the Board effective immediately.

In the position of lead director, Ms. Rosenberg’s primary responsibilities include chairing the meetings of the independent directors, acting as liaison with management, assisting in the development of the Board’s agenda and chairing meetings of the Board in the absence of the chairman.

“Sheli’s expertise in sophisticated real estate transactions, along with her experience working with companies reviewing strategic alternatives and undergoing significant change, make her the ideal lead director for GGP,” said Adam Metz, chief executive officer of GGP. “We continue to build on our successes to date in restructuring our balance sheet and positioning the company for future growth. Sheli’s leadership will prove valuable as we move forward in considering the next stages of our strategic plan.”

Ms. Rosenberg joined the GGP Board of Directors on April 13, 2010. She is the former president, chief executive officer and vice chairwoman of Equity Group Investments, L.L.C., a privately held real estate investment firm and has been an adjunct professor at Northwestern University’s J.L. Kellogg Graduate School of Business since 2003. She serves as a director of CVS Caremark Corporation, Nanosphere, Inc., Equity LifeStyle Properties, Inc., and Ventas, Inc.

ABOUT GGP

GGP currently has ownership interest in or management responsibility for more than 200 regional shopping malls in 43 states, as well as ownership in planned community developments and commercial office buildings. The Company’s portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide. The Company’s common stock is traded on the New York Stock Exchange under the symbol GGP.

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