General Growth Properties Securities Litigation

The parties have reached a settlement in the amount of $15.5 million. The settlement is on behalf of a Class of purchasers of the common stock of General Growth Properties, Inc. (“General Growth”) during the period from April 30, 2008 through October 24, 2008.

On February 16, 2010, the parties filed a stipulation of settlement with the Court. On February 24, 2010, the Court issued an order granting preliminary approval of the settlement. On May 19, 2010, the Court held a hearing to determine whether the settlement should be granted final approval. On May 21, 2010, the Court enetred an Order granting final approval of the settlement and awarding attorneys’ fees. On September 30, 2011, the Court entered an Order authorizing distribution of the Settlement Funds.

In order to participate in the distribution of the settlement, Class Members were required to send a Proof of Claim Form to the Claims Administrator’s Office, post-marked no later than July 19, 2010, to the following address:

General Growth Securities Litigation

Claims Administrator

c/o FRG Information Systems Corp.

P.O. Box 460, Peck Slip Station

New York, NY 10272