General Growth Properties Declares Common and Preferred Dividends

General Growth Properties, Inc. (NYSE: GGP)(the “Company”) today announced its Board of Directors declared a second quarter common stock dividend of $0.17 per share payable on July 31, 2015, to stockholders of record on July 15, 2015. The dividend represents an increase of $0.02 per share, or approximately 13%, from the second quarter 2014 common stock dividend.

The Board of Directors also declared a quarterly dividend on the 6.375% Series A Cumulative Redeemable Preferred Stock (NYSE: GGP PrA) of $0.3984 per share payable on July 1, 2015, to stockholders of record on June 15, 2015.

General Growth Properties, Inc.

General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

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General Growth Properties, Inc.Investor Contact:Kevin Berry, VP Investor Relations(312) [e-mail]