General Growth Properties Declares Common and Preferred Dividends

General Growth Properties, Inc. (NYSE: GGP) (the “Company”) today announced its Board of Directors declared a fourth quarter common stock dividend of $0.17 per share payable on January 2, 2015, to stockholders of record on December 15, 2014. The dividend represents an increase of $0.03 per share, or approximately 21%, from the fourth quarter 2013 common stock dividend.

The Board of Directors also declared a quarterly dividend on the 6.375% Series A Cumulative Redeemable Preferred Stock (NYSE: GGP PrA) of $0.3984 per share payable on January 2, 2015, to stockholders of record on December 15, 2014.

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.

Contacts:

General Growth Properties, Inc.
Investor Contact:
Kevin Berry, (312) 960-5529
VP Investor Relations
kevin.berry@ggp.com
or
Media Contact:
David Keating, (312) 960-6325
VP Corporate Communications
david.keating@ggp.com

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