Restructuring Information UPDATE: Text of Proffer From Thomas H. Nolan, Jr. Presented to Bankruptcy Court 5/7/10 UPDATE: Debtors' Reply to Objections to Bid Procedures Motion and Description of Revised Brookfield Asset Management Proposal 5/3/10 UPDATE: Motion to Approve 3/31/10 UPDATE: Summary of Motion to Approve 3/31/10 Term Sheet From 2/24/10 Press Release General Growth Properties, Inc. voluntarily sought relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. In addition, approximately 166 regional shopping centers owned by GGP and certain other GGP subsidiaries have also filed for protection. Certain subsidiaries, including GGP's third party management business conducted by General Growth Management, Inc. and GGP's joint ventures have not filed for protection. A complete list of subsidiaries and the related operating properties that have filed voluntary petitions, as well as a list of operating properties not involved in the filings, can be found by selecting from the links to the left. GGP has sought bankruptcy court assistance to restructure our finances and de-leverage our balance sheet because the collapse of the credit markets has made it impossible for GGP to refinance our maturing debt outside of chapter 11. GGP's retail centers, office properties and master planned communities will be open for business as usual as the company restructures our debt. Our properties will continue to operate, our employees will continue to come to work and get paid, and shoppers will continue to shop.