DDR Ddr Corp.

Developers Diversified Realty (NYSE: DDR), the leading owner, manager and developer of market-dominant shopping centers, today announced that financial results for the quarter ended September 30, 2008, will be released after the market closes on Thursday, October 23, 2008. The Company will conduct a conference call and audio webcast on Friday, October 24, 2008 at 10:00 a.m. EDT.

To access the conference, dial 866.271.5140 (domestic), or 617.213.8893 (international) at least ten minutes prior to the scheduled start of the call. When prompted, provide the passcode: 62519274.

The conference call will be recorded and available for replay beginning at 12:00 p.m. on October 24, 2008 and will be available until 5:00 p.m. on November 24, 2008. To access the conference call recording, dial 888.286.8010 (domestic), or 617.801.6888 (international) and use the passcode: 60846295. The conference call webcast can be accessed via the Developers Diversified website, www.ddr.com.

Developers Diversified owns and manages over 730 retail properties in 45 states, plus Puerto Rico, Brazil, Russia and Canada totaling 157 million square feet. The Company is a self-administered and self-managed real estate investment trust (REIT) operating as a fully integrated real estate company which acquires, develops and leases shopping centers. Additional information about Developers Diversified Realty is available on the Internet at http://www.ddr.com.

Contact: Michelle M. Dawson Vice President of Investor Relations Developers Diversified Realty Main: (216) 755-5500 E-mail: Email Contact