Developers Diversified Realty Announces the Date of Its Third Quarter Earnings Release and Conference Call

  Developers Diversified Realty (NYSE: DDR),
the leading owner, manager and developer of market-dominant shopping
centers, today announced that financial results for the quarter ended
September 30, 2009, will be released after the market closes on Thursday,
October 22, 2009.  The Company will conduct a conference call and audio
webcast on Friday, October 23, 2009 at 10:00 a.m. EDT.

To access the conference, dial 800.510.0178 (domestic), or 617.614.3450 (international) at least ten minutes prior to the scheduled start of the call. When prompted, provide the passcode: 92018980.

The conference call will be recorded and available for replay beginning at 1:00 p.m. on October 23, 2009 and will be available until 5:00 p.m. on November 23, 2009. To access the conference call recording, dial 888.286.8010 (domestic), or 617.801.6888 (international) and use the passcode: 88220984. The conference call webcast can be accessed via the Developers Diversified website, www.ddr.com.

Developers Diversified as of June 30, 2009 owned and managed over 690 retail operating and development properties in 45 states, plus Puerto Rico, Brazil, and Canada totaling 151 million square feet. The Company is a self-administered and self-managed real estate investment trust (REIT) operating as a fully integrated real estate company which acquires, develops and leases shopping centers. Additional information about Developers Diversified Realty is available on the Internet at http://www.ddr.com.

Contact: Kate Deck Investor Relations Director Developers Diversified Realty Main: [phone] E-mail : Email Contact