CBL Enhances Annual ``Time of Giving'' Fundraising Event in an Effort to Exceed Previous Goal of One Million Dollars for Nonprofit Organizations; CBL Malls Continue Commitment to Local Charities for Fourth Consecutive Year.

CHATTANOOGA, Tenn. -- CBL & Associates Properties, Inc. (NYSE: CBL) today announced plans to host this year's annual "Time of Giving" event to help nonprofit organizations throughout the country. CBL's regional malls have enhanced this year's fundraising program by holding a special shopping event on Saturday or Sunday, November 19 or 20, as well as offering retailer discount coupons that can be used during the "Time of Giving" event. Shoppers can either purchase a coupon packet at a mall's customer service or through local participating charities. All proceeds from the event go directly to the charitable organizations in the local market.

"CBL is pleased to continue our commitment to each and every community where our malls are located," said Stephen Lebovitz, president of CBL & Associates Properties, Inc. "Our annual 'Time of Giving' event has been a tremendous success and we look forward to raising even more money for charities this year by increasing the hours of the event and increasing the number of charities involved. The program not only benefits those in need through more than 1,300 nonprofit organizations, it also provides participating consumers with pre-holiday value offerings. Additionally, our retail partners benefit through another sales generating event prior to the holidays."

CBL mall marketing teams have secured participation from nonprofit and not-for-profit organizations including the United Way, March of Dimes, Make-A-Wish Foundation, Salvation Army, various churches as well as other civic groups and charities specific to each market. Consumers may purchase tickets or coupon packets from a participating organization for $5.00 each prior to the event. More than 55 national retailers are participating with store specials, discounts and gift-with-purchase opportunities exclusive to "Time of Giving" shoppers. Additionally, each mall will give away prizes ranging from gift items to shopping sprees and much more.

CBL is one of the largest and most experienced owners and developers of malls and shopping centers in the country. CBL owns, holds interests in or manages 123 properties, including 73 regional malls/open-air centers. The properties are located in 24 states and total 68.0 million square feet including 2.0 million square feet of non-owned shopping centers managed for third parties. CBL currently has nine projects under construction totaling 2.2 million square feet including open-air shopping centers located in Ft. Myers, FL, and Stillwater, OK, two community centers, an associated center and four 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.