CBL & Associates Properties Launches New Corporate and Mall Websites.

CHATTANOOGA, Tenn. -- CBL & Associates Properties, Inc. (NYSE: CBL) today announced that it has launched a new corporate website as well as new websites for each of its regional malls throughout the country.

The new corporate site at http://cblproperties.com includes the latest in Flash images to showcase new acquisitions and developments of the Company. Expanded property-level information features lease plans, demographics, leasing contacts and information, and photographs and renderings of new projects and retailers. The new site will enable retailers and shareholders alike to gather more information on individual malls and development projects. The new page layouts will also help users quickly locate a property by name, city or state.

The new corporate site will also showcase an improved and expanded Investor Relations section. New features include enhanced navigational abilities, archived press releases, an investment calculator and an embedded stock quote located on each page. The expanded tools and design will make it easier for both current and potential investors to stay up-to-date with the latest CBL financial news, stock-pricing information, and take advantage of the other useful resources and information available on the site.

Each regional mall website includes detailed store information with website links, site-wide search capability, links to the mall's sponsors, printable coupons and special offers, media spots, links to local weather and theaters, and mall-centered maps with directions through MapQuest.

"We are excited with the launch of our new website and believe that it represents one more reason to 'take a new look at CBL'," said Stephen Lebovitz, CBL & Associates Properties, Inc. president. "We expect that the enhanced features and capabilities combined with the improved navigational abilities will increase traffic and use of our website and secure its place as an important tool for both retailers and shareholders to utilize."

CBL & Associates Properties, Inc. is the fourth largest mall REIT in North America and the largest owner of malls and shopping centers in the Southeast, ranked by GLA. CBL owns, holds interests in or manages 174 properties including 72 enclosed regional malls. The properties are located in 30 states and total 75.7 million square feet including 2.0 million square feet of non-owned shopping centers managed for third parties. CBL currently has seven projects under construction totaling approximately 1.5 million square feet. The projects include two open-air shopping centers located in Ft. Myers, FL and Memphis (Southaven, MS), TN, three community centers and two expansions. In addition to its office in Chattanooga, TN, CBL has a regional office in Boston (Waltham), MA. Additional information can be found at http://cblproperties.com.