November 3, 2005

Santa Claus To Visit Houston Home in Person!
The Woodlands Mall Offers Chance To Win
A Visit from Santa On Christmas Eve

THE WOODLANDS, Texas. November 3, 2005 – Beginning Saturday, November 12 through Thursday, December 15, shoppers at The Woodlands Mall, owned by General Growth Properties (GGP), can register to win a Christmas Eve visit from Santa Claus. Arriving in a limo from 2:00 to 4:00 p.m. on Saturday, December 24, Santa will distribute a sackful of toys and gifts to the winner.

To register to win, shoppers must sign up at The Woodlands Mall or any of the other GGP malls throughout Houston, including Baybrook Mall, Deerbrook Mall, First Colony Mall and Willowbrook Mall. Rules and registration forms are available at the entry area or at the Customer Service Center. One winner will be selected from the combined entries from all Houston GGP malls.

“This year, it’s not you better not pout or better not cry, it’s you better not forget to register to win a visit from Santa. He’s coming to town and with a little luck, he might be coming to your house. I hope everyone remembers to stop by and register the next time they are shopping here at The Woodlands Mall,” said Wendy Ellis, senior marketing manager.

Rules are available on the registration forms and also at www.thewoodlandsmall.com. For more information, 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.