GGP Increases Share Repurchase Program

General Growth Properties, Inc. GGP(the "Company") today announced that its Board of Directors authorized an increase of $500 million to the Company's existing share repurchase program (the "Program"). Together with amounts previously authorized that have not been used for repurchases, the Company has approximately $600 million available for repurchases under the Program. The Program has no expiration date.

General Growth Properties, Inc.

General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

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