December 27, 2005

Ala Moana Center Celebrates 2006
With Fukubukuro “Happy Grab Bags”
More than 25 Ala Moana Center stores gear up to delight
New Years Day shoppers

HONOLULU – On January 1, 2006 the Japanese concept of Fukubukuro will light up New Year’s Day at Ala Moana Center.  Shoppers will find Fukubukuro, or “happy grab bags,” featuring unique products for at least 50 percent off of normal retail price at these participating Ala Moana Center stores:

Animation Magic, Baccarat, Bally, Bobby Jones, Burberry, Celine, Claire’s, Crabtree & Evelyn, D. Fiori, Diesel USA, Dior, Fendi, Folli Follie, Hawaiian Quilt Collection, Hilo Hattie, LeSportsac, Locals Only, Lupicia, Maui Divers Jewelry, Neiman Marcus, Origins, Pacific Harley-Davidson, Prada, Salvatore Ferragamo, Sandal Tree, Sephora, Sunglass Designs, and The Compleat Kitchen.

The popularity of this special shopping experience, and the positive response by local consumers, has led even more stores to participate in the first shopping event of the New Year.  Ala Moana Center Fukubukuro bags are limited and are available for one day only, on New Year’s Day.  For more information, please contact Customer Service at 955-9517.

ABOUT ALA MOANA CENTER
Ala Moana Center is the world’s largest outdoor shopping center and Hawaii’s premier shopping, entertainment, and dining destination with 260 stores, including nearly 70 dining options.  Ala Moana Center features a diverse collection of stores including locally owned boutiques and national retailers.  Visit www.AlaMoanaCenter.com for more information.

Ala Moana Center is owned and managed by General Growth Properties, Inc., the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT).  General Growth currently has ownership interest and management responsibility for a portfolio of 209 regional shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings.  The company portfolio totals approximately 200 million square feet of retail space and includes more than 18,000 retailers nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit the company Web site at www.generalgrowth.com.

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