General Growth Properties Declares Preferred Dividend

            General Growth Properties Declares Preferred Dividend

PR Newswire

CHICAGO, March 5, 2013

CHICAGO, March 5, 2013 /PRNewswire/ -- General Growth Properties, Inc. (NYSE:
GGP) today announced its Board of Directors declared a quarterly dividend of
$0.2125 on its 6.375% Series A Cumulative Redeemable Preferred Stock (NYSE:
GGP PrA). This represents a pro-rated initial dividend from the date of
original issuance, February 13, 2013, through March 31, 2013. The preferred
dividend will be payable on April 1, 2013, to shareholders of record on March
15, 2013.

General Growth Properties is a fully integrated, self-managed and
self-administered real estate investment trust focused exclusively on owning,
managing, leasing, and redeveloping high-quality regional malls throughout the
United States and Brazil. GGP's portfolio is comprised of 125 regional malls
in the United States and 18 malls in Brazil comprising approximately 134
million square feet. GGP is headquartered in Chicago, Illinois, and publicly
traded on the NYSE under the symbol GGP.

Contact Information:
Investors:               Media:
Kevin Berry, Vice President of Investor David Keating, Vice President of
Relations                              Corporate Communications
kevin.berry@ggp.com          david.keating@ggp.com
(312) 960-5529            (312) 960-6325

SOURCE General Growth Properties

Website: http://www.ggp.com