The Mills Reschedules Date of 2006 Annual Meeting and Provides Update on Expected Filing of Its 2005 Form 10-K

  
    
  
  
    
      The Mills Corporation (NYSE:MLS) announced today that its Board of 
      Directors has rescheduled The Mills’ 2006 
      annual meeting of shareholders from Thursday, December 21, 2006 to 
      Friday, December 29, 2006, which is consistent with the alternate 
      scheduling the Company had announced on November 10, 2006. The meeting 
      will be held at 10:00 a.m. at the Hyatt Regency Bethesda, One Bethesda 
      Metro Center, Bethesda, Maryland.
    
    
      The Mills also announced today that it currently expects to file its 
      2005 Form 10-K with the Securities and Exchange Commission within the 
      next several weeks. The Company is working diligently with Ernst & 
      Young, its outside auditor, to complete the restated financial 
      statements.
    
    
      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 39 properties in the United States totaling 
      approximately 48 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.
    
    
      Statements in this press release that are not historical - including as 
      to the timing for filing The Mills’ 2005 Form 
      10-K - may be deemed forward-looking statements within the meaning of 
      the federal securities laws. Although The Mills believes the 
      expectations reflected in any forward-looking statements are based on 
      reasonable assumptions, The Mills can give no assurance that its 
      expectations will be attained and it is possible that our actual 
      circumstances and results may differ materially from those indicated by 
      these forward-looking statements due to a variety of risks and 
      uncertainties. The Mills undertakes no obligation to publicly update or 
      revise any forward-looking statements, whether as a result of new 
      information, future events or otherwise. The reader is directed to The 
      Mills’ various filings with the SEC, including 
      quarterly reports on Form 10-Q, reports on Form 8-K and its annual 
      reports on Form 10-K, for a discussion of such risks and uncertainties.
    
  
The Mills Corporation (NYSE:MLS) announced today that its Board of
Directors has rescheduled The Mills' 2006 annual meeting of
shareholders from Thursday, December 21, 2006 to Friday, December 29,
2006, which is consistent with the alternate scheduling the Company
had announced on November 10, 2006. The meeting will be held at 10:00
a.m. at the Hyatt Regency Bethesda, One Bethesda Metro Center,
Bethesda, Maryland.

   The Mills also announced today that it currently expects to file
its 2005 Form 10-K with the Securities and Exchange Commission within
the next several weeks. The Company is working diligently with Ernst &
Young, its outside auditor, to complete the restated financial
statements.

   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 39 properties in the United
States totaling approximately 48 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.

   Statements in this press release that are not historical -
including as to the timing for filing The Mills' 2005 Form 10-K - may
be deemed forward-looking statements within the meaning of the federal
securities laws. Although The Mills believes the expectations
reflected in any forward-looking statements are based on reasonable
assumptions, The Mills can give no assurance that its expectations
will be attained and it is possible that our actual circumstances and
results may differ materially from those indicated by these
forward-looking statements due to a variety of risks and
uncertainties. The Mills undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The reader is directed to The
Mills' various filings with the SEC, including quarterly reports on
Form 10-Q, reports on Form 8-K and its annual reports on Form 10-K,
for a discussion of such risks and uncertainties.