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June 29, 2007

Magic Island’s Lagoon Beach Temporarily Closed to the Public to Prepare for Ala Moana Center’s Fourth of July Firework Display
Lagoon area will remain closed June 30 through
July 5 for the public’s safety

Honolulu – Preparation for the state’s largest 4th of July firework display will begin this Saturday, June 30, resulting in the temporary closure of Magic Island’s lagoon beach. The lagoon will remain closed to the public while crews from Pyrospectacular -- the company contracted by Ala Moana Center to produce and set up the fireworks– make preparations for the 18-minute show.

Every year, Ala Moana Center sponsors the fireworks display, which remains one of the few privately funded shows in the entire country. Since 1991, Ala Moana Center has generously contributed close to $3.75 million to fund the event.

As the event continues to grow, so does the number of visitors and local residents that turn out for Ala Moana Center’s July 4 event. This year Ala Moana Center is expecting more than 200,000 residents around the island to view the fireworks show.  The lagoon area will reopen to the public on Friday, July 6.

ABOUT ALA MOANA CENTER

Ala Moana Center is the world’s largest outdoor shopping center and Hawaii’s premier shopping, entertainment, and dining destination with 260 stores, including nearly 70 dining options.  Ala Moana Center features a diverse collection of stores including locally owned boutiques and national retailers.  Visit www.AlaMoanaCenter.com for more information.

Ala Moana Center is owned and managed by General Growth Properties, Inc., the second largest U.S.-based publicly traded real estate investment trust (REIT) based upon market capitalization.  General Growth has ownership interest or management responsibility for a portfolio of more than 200 regional shopping malls in 45 states, as well as ownership interest in master-planned community developments and commercial office centers.  General Growth’s international portfolio includes ownership and management interest in shopping centers in Brazil and Turkey.   The Company’s portfolio totals approximately 200 million square feet 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 http://www.ggp.com.

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