Taubman Centers Increases Quarterly Common Dividend 8.1 Percent To $0.50 Per Share

 Taubman Centers Increases Quarterly Common Dividend 8.1 Percent To $0.50 Per

Preferred J Dividend Declared

PR Newswire

BLOOMFIELD HILLS, Mich., March 8, 2013

BLOOMFIELD HILLS, Mich., March 8, 2013 /PRNewswire/ --The Board of Directors
of Taubman Centers, Inc. (NYSE:TCO) today declared a regular quarterly
dividend of $0.50 per share of common stock, an increase of 8.1 percent. The
common dividend is payable March 29, 2013 to shareholders of record on March
18, 2013. Since the company went public in 1992 it has never reduced its
common dividend and has increased its dividend 16 times.

(Logo: http://photos.prnewswire.com/prnh/20080428/CLM116LOGO )

The Board of Directors also declared a quarterly dividend of $0.40625 on its
Series J Cumulative Preferred Shares (NYSE: TCO PR J). The preferred
dividends will be payable on March 29, 2013 to shareholders of record on March
18, 2013.

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in
the ownership, management and/or leasing of 27 regional, super-regional and
outlet shopping centers in the U.S. and Asia. Taubman's U.S.-owned properties
are the most productive in the publicly held U.S. regional mall industry.
Taubman is currently developing Taubman Prestige Outlets Chesterfield in
Chesterfield, Mo.; The Mall at University Town Center in Sarasota, Fla.; The
Mall of San Juan in San Juan, Puerto Rico; and shopping malls in Xi'an and
Zhengzhou, China and Hanam, South Korea. Taubman Centers is headquartered in
Bloomfield Hills, Mich.and Taubman Asia, the platform for Taubman Centers'
expansion into China and South Korea, is headquartered in Hong Kong. Founded
in 1950, Taubman has more than 60 years of experience in the shopping center
industry. For more information about Taubman, visit www.taubman.com.

For ease of use, references in this press release to "Taubman Centers,"
"company," "Taubman" or an operating platform mean Taubman Centers, Inc.
and/or one or more of a number of separate, affiliated entities. Business is
actually conducted by an affiliated entity rather than Taubman Centers, Inc.
itself or the named operating platform.

This press release may contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. These statements reflect
management's current views with respect to future events and financial
performance. The forward-looking statements included in this release are made
as of the date hereof. Except as required by law, we assume no obligation to
update these forward-looking statements, even if new information becomes
available in the future. Actual results may differ materially from those
expected because of various risks and uncertainties. You should review the
company's filings with the Securities and Exchange Commission, including "Risk
Factors" in its most recent Annual Report on Form 10-K and subsequent
quarterly reports, for a discussion of such risks and uncertainties.

SOURCE Taubman Centers, Inc.

Website: http://www.taubman.com
Contact: Barbara Baker, Taubman, Vice President, Corporate Affairs & Investor
Relations, +1-248-258-7367, bbaker@taubman.com
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