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GGP Promotes Shobi Khan to President & Chief Operating Officer

CHICAGO--(BUSINESS WIRE) – GGP announced today the promotion of Shobi Khan to President and Chief Operating Officer, effective immediately. Mr. Khan joined GGP in 2011 as ChiefOperating Officer to oversee all aspects of asset management and investment activities. Mr. Khan willcontinue to report directly to Sandeep Mathrani, Chief Executive Officer.“Shobi has been one of my trusted colleagues during the transformation of GGP into one of the leadingretail real estate companies in the U.S. Over the last five years, Shobi’s responsibilities have broadenedand it gives me great pleasure to recognize him with this promotion,” commented Sandeep Mathrani.“On behalf of the Board of Directors, we are proud to announce Shobi’s promotion to President. Since2011, Shobi has been a respected leader and partner throughout the organization. We have theutmost confidence in Shobi in his new role as he continues to partner with Sandeep and the executiveteam to deliver long-term value creation for our shareholders,” commented Bruce Flatt, Chairman ofthe Board.

GGP is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping highqualityretail properties throughout the United States. GGP is headquartered in Chicago, Illinois, andpublicly traded on the NYSE under the symbol GGP.

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