October 26, 2005

IT’S SNOWING!

The Woodlands Mall Forecasts Snow Flurries Inside The Mall
and Out on the Plaza

Every Day Beginning Saturday, November 12

THE WOODLANDS, Texas. October 26, 2005 – Santa is bringing a bit of the North Pole to The Woodlands! Frolic in our fabulous flurries starting at 11:00 a.m. on Saturday, November 12. This year, the fun, faux snow flurries will occur 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.

Visitors are invited to enjoy the snowstorms every day through Saturday, December 24. Each snowstorm will last about 10 minutes at the following times:

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