A Macerich Development in partnership with WDP Partners and RED Development

Macerich, an S&P 500 company currently celebrating 20 years of trading on the NYSE, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 57 million square feet of real estate consisting primarily of interests in 53 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in California, Arizona, Chicago and the Greater New York Metro area. Additional information about Macerich can be obtained from the company's website at www.macerich.com.

WDP Partners is a Phoenix-based real estate development company whose principal partners are Wally Chester, Robert Mayhall, Jack Rasor, Robert Ward, Todd Chester and Brian Frakes. These former executives of Westcor formed WDP Partners subsequent to the purchase of Westcor by Macerich. WDP Partners develops its own retail properties as well as retail properties in partnership with Westcor and Macerich.

Additional information is available online at www.macerich.com.

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