December 7, 2005

Snow Flurries Continue at The Woodlands Mall Every Day Through Saturday, December 24

Snow falls daily every hour starting at 11:00 a.m. through 8:00 p.m.

THE WOODLANDS, Texas. December 7, 2005 – Just like the North Pole, every day through Saturday, December 24, The Woodlands Mall is the scene of fun winter snow flurries. The faux snow falls both inside the shopping center in Future Court by the Santa Set and outside at the South Main entrance near Marble Slab Creamery and Mikasa.

The snow flurries last for about 10 minutes at the following times:

• Daily: On the hours starting at 11:00 a.m. and through 8:00 p.m.

The last snow flurry of the holiday season will be Saturday, December 24 at 6:00 p.m.

For more information, visit www.thewoodlandsmall.com, stop by Customer Service or call 281.363.3363.

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). General Growth currently has ownership interest and management responsibility for a portfolio of 210 regional shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The Company 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.