Oviedo Marketplace Extends Mall Hours

Oviedo, FL (January 8, 2007) – Oviedo Marketplace, owned and managed by General Growth Properties, Inc. (NYSE: GGP) today announced it has permanently extended weekend mall hours. The change stems from extensive research and Oviedo Marketplace’s desire to stay competitive in today’s ever-changing marketplace.

In a recent General Growth survey*, key findings reveal that sixty-five percent of consumers want extended mall hours throughout the year. “Consumers’ shopping habits have changed. Our new hours fall in line with the hours our customers requested. We’re confident the added convenience of an additional one to two hours on the weekend at opening/closing will make a difference with our shoppers,” said Amy Leznoff, Marketing Director.

New mall hours are as follows:
Hours on Friday and Saturday will be permanently extended at Oviedo Marketplace. New hours are as follows:
o Friday 10:00 a.m. – 10:00 p.m.
o Saturday 8:00 a.m. – 10:00 p.m.
o Sunday 12:00 p.m. – 6:00 p.m.
o Monday – Thursday 10:00 p.m. – 9:00 p.m.
Oviedo Marketplace is owned and managed by General Growth Properties, Inc. General Growth Properties is the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT). General Growth currently has an ownership interest in or management responsibility for a portfolio of more than 200 shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The portfolio totals approximately 200 million square feet of retail space and includes more than 24,000 retail stores nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit the Company Web site at http://www.generalgrowth.com.


* General Growth Properties Inc. Consumer Research Department conducted a survey with more than 2,000 shoppers in 2005/2006. The survey has a margin of error of + 3 percent.