General Growth Properties Announces Third Quarter Earnings Conference Call Webcast

Business Wire, Oct 25, 2008

CHICAGO -- Subsequent to its third quarter earnings release on Friday, October 31, 2008 before the market open, General Growth Properties, Inc. (NYSE:GGP) will host a live webcast of its earnings conference call via the Company web site, www.ggp.com. The webcast will take place that day at 9:00 a.m. Eastern Time (8:00 a.m. CT / 6:00 a.m. PT).

To join the live audio event, please visit the company website and click on the webcast banner in the special information section. Additionally, the online earnings release will be available in the Investment section under Shareholder Info / Financial Releases.

General Growth will also archive the call subsequent to the end of the live webcast in down-loadable format (a podcast). It can be accessed by clicking through the company website sections Investment - Financial Downloads - Audio Events.

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, the earnings release and the conference call contain forward-looking statements, including full year 2008 Core FFO per share guidance and expected sales trends in the Master Planned Communities segment. 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.