The Mills Announces Trading Extension from New York Stock Exchange

  
    
  
  
    
      The Mills Corporation (NYSE:MLS) announced today that the New York Stock 
      Exchange (NYSE) granted the Company an additional one-month trading 
      period through April 2, 2007, subject to reassessment on an ongoing 
      basis.
    
    
      Further material details regarding the trading extension from the New 
      York Stock Exchange will be described in a Form 8-K filed with the SEC.
    
    
      About The Mills Corporation
    
    
      The Mills Corporation, based in Chevy Chase, MD, is a developer, owner 
      and manager of a diversified portfolio of retail destinations, including 
      regional shopping malls and market-dominant retail and entertainment 
      centers. It currently owns 38 properties in the United States totaling 
      approximately 47 million square feet. The Mills is traded on the New 
      York Stock Exchange under the ticker: MLS. For more information, visit 
      the Company's website at www.themills.com.
    
    
      Forward-Looking Statements
    
    
      This release contains forward-looking statements as defined by the 
      federal securities laws which are based on our current expectations and 
      assumptions, which are subject to a number of risks and uncertainties 
      that could cause actual results to differ materially from those 
      anticipated, projected or implied, including, among other things, risks 
      relating to the expected timing of the completion and financial benefits 
      of the tender offer and the merger. We undertake no obligation to 
      publicly update any forward-looking statements, whether as a result of 
      new information, future events or otherwise.