CBL & Associates Properties and Coca-Cola Continue Marketing Collaboration; Multi-year Agreement Continues Coca-Cola as Exclusive Beverage Vendor in CBL Malls.

CHATTANOOGA, Tenn. -- CBL & Associates Properties, Inc. (NYSE:CBL) and Coca-Cola Enterprises Inc. today announced that they have agreed to continue a multi-year, comprehensive marketing alliance. The agreement covers vending, sponsorships, promotions and mall advertising in CBL's growing portfolio of 164 properties including 67 enclosed regional malls in 27 states. CBL was one of the first national mall owners and developers to contract with Coca-Cola in a mall environment more than five years ago. As the exclusive beverage vendor, Coca-Cola has promotional and exclusive rights within the mall common areas. Coca-Cola will also have marketing opportunities at CBL's community center properties.

Commenting on the agreement, CBL & Associates Properties, Inc. president, Stephen Lebovitz, said, "This agreement further demonstrates CBL's strategy of positioning our dominant regional malls as an outstanding marketing opportunity. For years, Coca-Cola has been able to engage its core customers at our malls and we have been able to demonstrate the marketing value of a CBL property. We look forward to continuing our strong relationship with Coca-Cola."

"CBL's strategy of owning dominant regional malls in cities across the country is the perfect venue and environment for Coca-Cola Enterprises Inc. to interact with our consumers," said Patricia Coe, Director, National Specialty Retail, Coca-Cola Enterprises Inc. "We are confident that this relationship will continue to bring rewarding results by building both brands and refreshing millions of shoppers."

CBL & Associates Properties, Inc. is one of the top five owners of shopping centers in North America and the largest owner of malls and shopping centers in the Southeast, ranked by GLA owned. CBL owns, holds interests in or manages 164 properties, including 67 enclosed regional malls. The properties are located in 27 states and total 69.4 million-square-feet including 2.0 million-square-feet of non-owned shopping centers managed for third parties. CBL has eight projects under construction totaling approximately 2.1 million-square-feet including one regional mall - Imperial Valley Mall in the Imperial Valley region of California, an open-air shopping center in Southaven (Memphis, TN), MS, three community center and three expansions. In addition to its office in Chattanooga, TN, CBL has a regional office in Boston (Waltham), MA. Additional information can be found at www.cblproperties.com.

Coca-Cola Enterprises Inc. (NYSE: CCE) is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. Coca-Cola Enterprises sells approximately 80 percent of The Coca-Cola Company's bottle and can volume in North America and is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands.

Information included herein contains "forward-looking statements" within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company's various filings with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" incorporated by reference therein, for a discussion of such risks and uncertainties.