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Discover Financial Services Announces Extended Alliance With General Growth Properties

September 04, 2007

Discover(R) Gift Cards Will Be Available At 42 Mall Locations Nationwide

RIVERWOODS, Ill., Sep 04, 2007 (BUSINESS WIRE) -- Discover Financial Services (NYSE:DFS) today announced the availability of Discover(R) Gift Cards at various General Growth Properties (NYSE: GGP) mall locations nationwide. This agreement will mark the first time Discover Gift Cards are available in retail locations and able to be purchased by non-Discover cardmembers.

"We now can provide more relevant offerings to consumers, whether they're interested in purchasing a mall gift card or one that can be used anywhere Discover Network Cards are accepted," said Dana Traci, Vice President of Prepaid & Partner Marketing for Discover Card. "General Growth Properties and merchants will also benefit from the partnership, as we communicate the program to our more than 50 million cardmembers nationwide."

This partnership is part of the Discover Card mall sponsorship that conducts promotions throughout the year at select GGP properties. Together, the programs represent an integrated marketing partnership intended to help drive purchasing and customer loyalty.

"We're excited to take our relationship with Discover Card to the next level. Mall customers now have a choice when it comes to selecting the gift card that best fits their needs," said Wally Brewster, Senior Vice President of Marketing and Communications, General Growth Properties.

A complete list of the locations where Discover Gift Cards are available can be found by clicking on the following link: http://www2.discovercard.com/shopcenter/giftcardmalls.shtml

About Discover Financial Services

Discover Financial Services (NYSE: DFS) operates the Discover Card with more than 50 million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom. Discover Financial Services also operates the PULSE ATM/debit network, which serves more than 4,400 financial institutions and includes nearly 260,000 ATMs, as well as POS terminals, nationwide. For more information, visit www.discoverfinancial.com.

About General Growth Properties

General Growth Properties, Inc. is the second largest U.S.-based publicly traded real estate investment trust (REIT) based upon market capitalization. General Growth has ownership interests in or management responsibility for a portfolio of approximately 200 regional shopping malls in 45 states, as well as ownership and management interest in shopping centers in Brazil and Turkey and ownership interests in master-planned community developments and commercial office centers in the U.S. The Company's portfolio totals approximately 200 million square feet and includes more than 24,000 retail stores. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit http://www.ggp.com.

SOURCE: Discover Financial Services

Discover Financial Services
Matthew Towson, 224.405.5649
or
General Growth Properties
David Keating, 312.960.6325