THE WOODLANDS, Texas. July 31, 2008 ~ To accommodate shoppers who are taking advantage of Tax-Free Weekend, The Woodlands Mall, owned by General Growth Properties, is planning to open early and and close late* Friday, Saturday and Sunday, August 15, 16 and 17.

The Woodlands Mall will be open: Friday, August 15 from 9:00 a.m. to 10:00 p.m.

Saturday, August 16 from 9:00 a.m. to 10:00 p.m.

Sunday, August 17 from 11:00 a.m. to 8:00 p.m.

*Please note that restaurants and entertainment venues at the shopping center may observe different hours.

Kids’ Fair set for Saturday, August 16, 10:00 a.m. to 6:00 p.m. For one day only, The Woodlands Mall and Rutledge Promotions present a day of fun for children of all ages. From 10:00 a.m. to 6:00 p.m., the shopping center will be brimming with all kinds of fun and activities – and it’s all free. Parents and children can visit with characters from the Houston Aquarium; see live animals at the ZooMobile; enjoy an interactive performance by Mad Science; see a fashion show for children and mothers; and much, much more. The Kids’ Fair will be held in the JCPenney Court and in Future Court.

During Tax-Free Weekend, eligible merchandise is exempt from state and local sales taxes. The tax-free status applies to most clothing and footwear priced under $100, translating into a savings of more than $8 on every hundred dollars spent. For a complete list of items, visit http://www.window.state.tx.us/.

The Woodlands Mall is located at I-45 north at Lake Woodlands Drive. For directions, visit http://www.thewoodlandsmall.com or call 281.363.3409.

About The Woodlands Mall. The Woodlands Mall is owned and managed by General Growth Properties, Inc., the second largest U.S.-based publicly traded real estate investment trust (REIT) based upon market capitalization. General Growth has ownership interest or management responsibility for a portfolio of more than 200 regional shopping malls in 45 states, as well as ownership interest in master-planned community developments and commercial office centers. General Growth’s international portfolio includes ownership and management interest in shopping centers in Brazil and Turkey. The Company’s portfolio totals approximately 200 million square feet 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 http://www.ggp.com. -- ## --

For more information:
For The Woodlands Mall, contact: Maggie Machajewski | 281.363.3363 | maggie.machajewski@ggp.com
For PR agency, contact: Sunny McKinnon | 713.666.9693 or 713.906.8736 | mckinnons@sbcglobal.net