Fort Henry Mall

An old friend gets a new name,
Fort Henry Mall
changing to
Kingsport Town Center

CONTACT: Kevin Harmon, General Manager Fort Henry Mall 423-246-3871 FORT HENRY MALL REDEVELOPMENT PLANS TO INCLUDE NAME CHANGE Kingsport, TN: The redevelopment plans for Fort Henry Mall in Kingsport, Tennessee will include changing the name of the property to Kingsport Town Center. "We are changing the name of the mall to reflect our pride in the Kingsport community," said Tom Falatko, senior vice president for Somera Capital Management. "We feel strongly the new name and significant changes through redevelopment will maintain and strengthen the malls position as the dominant retail property in the market." Somera Capital Management, LLC purchased Fort Henry Mall in January 2007. The mall is managed by General Growth Properties, Inc. "Our goal is to provide only the best in retail, entertainment, and dining," said Kevin Harmon, General Manager. "The mall name change is part of our commitment to the shoppers and residents of Kingsport and the surrounding areas." The new name of the mall will be official closer to the completion of the redevelopment. Currently, the center is being marketed for leasing purposes as Kingsport Town Center. A new website was recently launched for leasing information: www.kingsporttowncenter.com/leasing. Our shoppers will see an exciting transformation as Fort Henry Mall becomes Kingsport Town Center," said Harmon. "We want to make sure the mall is exactly what our shoppers want and deserve." Kingsport Town Center is managed by General Growth Properties, Inc., 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