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New GGP American Express Gift Card Has No After-Purchase Fees, No Expiration of Funds

CHICAGO, Oct 22, 2009 (BUSINESS WIRE) -- Just in time for the holiday shopping season, General Growth Properties, Inc. has unveiled its new mall gift card - the Shop Etc. Gift Card. The new card is an American Express gift card so it has no fees after purchase, funds never expire, and it can be redeemed at nearly all U.S. retailers and restaurants that accept American Express.

"Whether you are funds-frugal or fashion-forward, our gift card suits you with more flexibility and choices," said Wally Brewster, senior vice president of marketing and communications for General Growth Properties. "This partnership with American Express gives GGP Shop Etc. card-holders a gift card with no post-purchase fees and no expiration of funds. It is a key to our great shopping centers where visitors find value in the form of enormous selections of brand, quality and price. Some store cards offer one card for one store brand. We offer one-card access to top-quality brands, scores of stores and wide choices for every budget."

"More than ever, shoppers are looking for value, service and ways to stretch a dollar. Our GGP Shop Etc. Gift Card is many gifts wrapped in one. It's a gift that won't be returned and it will always be the perfect fit. It also comes with exclusive offers from many retailers," Brewster said.

The GGP Shop Etc. Mall Gift Card can be purchased at 145 GGP malls across the country in denominations of $20 to $500. Online they are available at www.ShopEtcGiftCard.com or through any GGP mall website. The Shop Etc. Gift Card offers access to GGP's and American Express' stellar line-up of retailers. Card owners can enter the card account number online and track its balance through the life of the card.

In a survey* conducted by the National Research Network, consumers say gift cards are at the top of their wish lists. More than half (56%) of holiday shoppers this season are expected to give gift cards.

Terms and conditions apply to gift cards. Shop, Etc. gift cards are not for use on car rentals, aboard cruise lines, for recurring billings, at casinos or at ATMs.

ABOUT GENERAL GROWTH PROPERTIES

General Growth Properties, Inc. currently has ownership interest in, or management responsibility for, over 200 regional shopping malls in 44 states, as well as ownership in master planned community developments and commercial office buildings. The Company's portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide. For more information, visit www.ggp.com.

* The National Research Network conducted an online survey with more than 1,200 shoppers in August 2009.The survey has a margin of error of ± 3 percent.

GGP Shopping Centers Offering New Shop, Etc. Gift Card by State

Card also available online

Riverchase Galleria North Point Mall Lakeside Mall Clackamas Town Center
Birmingham, AL Alpharetta, GA Sterling Heights, MI Portland, OR
Pinnacle Hills Promenade Oglethorpe Mall Lakeview Square Gateway Mall
Rogers, AR Savannah, GA Battle Creek, MI Springfield, OR
Park Place Peachtree Mall Lansing Mall Rogue Valley Mall
Tucson, AZ Columbus, GA Lansing, MI Medford, OR
Tucson Mall Perimeter Mall RiverTown Crossings Neshaminy Mall
Tucson, AZ Atlanta, GA Grandville, MI Bensalem, PA
Bayshore Mall Shoppes at River Crossing Southland Center Park City Center
Eureka, CA Macon, GA Taylor, MI Lancaster, PA
Burbank Town Center Ala Moana Center Apache Mall Providence Place
Burbank, CA Honolulu, HI Rochester, MN Providence, RI
Chico Mall Jordan Creek Town Center

Crossroads Center

Columbiana Centre
Chico, CA West Des Moines, IA St. Cloud, MN Columbia, SC
Eastridge Mall (CA) Mall of the Bluffs Eden Prairie Center Northgate Mall
San Jose, CA Council Bluffs, IA Eden Prairie, MN Chattanooga, TN
Galleria at Tyler Boise Towne Square

Ridgedale Center

Baybrook Mall
Riverside, CA Boise, ID Minnetonka, MN Friendswood, TX
Glendale Galleria Grand Teton Mall River Hills Mall Collin Creek
Glendale, CA Idaho Falls, ID Mankato, MN Plano, TX
Montclair Plaza Market Place Columbia Mall Deerbrook Mall
Montclair, CA Champaign, IL Columbia, MO Humble, TX
NewPark Mall Northbrook Court Saint Louis Galleria First Colony Mall
Newark, CA Northbrook, IL Saint Louis, MO Sugar Land, TX
Northridge Fashion Center Oakbrook Center Carolina Place Mall Highland Mall
Northridge, CA Oakbrook, IL Pineville, NC Austin, TX
Shops at Tanforan, The Spring Hill Mall Four Seasons Town Centre Hulen Mall
San Bruno, CA West Dundee, IL Greensboro, NC Fort Worth, TX
Stonestown Galleria Water Tower Place

The Streets at Southpoint

North Star Mall
San Francisco, CA Chicago, IL Durham, NC San Antonio, TX
Valley Plaza Mall Glenbrook Square Valley Hills Mall

The Parks at Arlington

Bakersfield, CA Fort Wayne, IN Hickory, NC Arlington, TX
Visalia Mall Florence Mall Oak View Mall

The Shops at La Cantera

Visalia, CA Florence, KY Omaha, NE San Antonio, TX
West Valley Mall Greenwood Mall Westroads Mall Sikes Senter
Tracy, CA Bowling Green, KY Omaha, NE Wichita Falls, TX
Chapel Hills Mall Mall St. Matthews Steeplegate Mall Stonebriar Centre
Colorado Springs, CO Louisville, KY Concord, NH Frisco, TX
Foothills Mall

Oxmoor Center

Bridgewater Commons Town East Mall
Fort Collins, CO

Louisville, KY

Bridgewater, NJ Mesquite, TX
Park Meadows Alexandria Mall Paramus Park Vista Ridge Mall
Littleton, CO Alexandria, LA Paramus, NJ Lewisville, TX
Southwest Plaza Mall of Louisiana

Willowbrook Mall

Willowbrook Mall

Littleton, CO Baton Rouge, LA Wayne, NJ Houston, TX
Brass Mill Center Mall St. Vincent Woodbridge Center

The Woodlands Mall

Waterbury, CT Shreveport, LA Woodbridge, NJ The Woodlands, TX
The Shoppes at Buckland Hills Oakwood Center Animas Valley Mall Fashion Show
Manchester, CT Gretna, LA Farmington, NM Murray, UT
Christiana Mall Pecanland Mall Coronado Center Newgate Mall
Newark, DE Monroe, LA Albuquerque, NM Ogden, UT
Altamonte Mall Pierre Bossier Mall Boulevard Mall, The Provo Towne Centre
Altamonte Springs. FL Bossier City, LA Las Vegas, NV Provo, UT
Coastland Center Natick Collection Meadows Mall Lynnhaven Mall
Naples, FL Natick, MA Las Vegas, NV Virginia Beach, VA
Eagle Ridge Mall Silver City Galleria Saint Lawrence Centre Tysons Galleria
Lake Wales, FL Taunton, MA Massena, NY McLean, VA
Governor's Square Swansea Mall Staten Island Mall Burlington Town Center
Tallahassee, FL Swansea, MA Staten Island, NY Burlington, VT
Lakeland Square Mall

The Mall in Columbia

Beachwood Place Alderwood Mall
Lakeland, FL Columbia, MD Beachwood, OH Lynnwood, WA
The Oaks Mall Towson Town Center Colony Square Mall Bellis Fair
Gainesville. FL Towson, MD Zanesville, OH Bellingham, WA
Pembroke Lakes Mall White Marsh Mall Fashion Place NorthTown Mall
Pembroke Pines, FL Baltimore, MD Maumee, OH Spokane, WA
Regency Square Mall

The Maine Mall

Kenwood Towne Centre Spokane Valley Mall
Jacksonville, FL South Portland, ME Cincinnati, OH Spokane, WA
West Oaks Mall Birchwood Mall Shoppes at Fallen Timbers Fox River Mall
Ocoee, FL Fort Gratiot, MI Maumee, OH Appleton, WI
Augusta Mall

Crossroads, The

Quail Springs Mayfair
Augusta. GA Portage, MI Oklahoma City, OK Wauwatosa, WI
Cumberland Mall Grand Traverse Mall Sooner Mall Oakwood Mall
Atlanta, GA Traverse City, MI Norman, OK Eau Claire, WI
Eastridge Mall
Casper, WY

SOURCE: General Growth Properties, Inc.

General Growth Properties, Inc.
Jim Graham, Corporate Communications
(312) 960-2955, james.graham@ggp.com

Copyright Business Wire 2009

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