Developers Diversified Realty (NYSE: DDR), the leading owner, manager and developer of market-dominant shopping centers in the United States, today announced that senior management will present at the Citi 2009 Global CEO Conference to be held in Naples, Florida. The Company's presentation is scheduled for 9:45 a.m. EST on Monday, March 2, 2009 and may be accessed live via conference call by dialing (719) 785-5595, passcode: 730780.

Developers Diversified owns and manages over 710 retail operating and development properties in 45 states, plus Puerto Rico, Brazil, and Canada totaling approximately 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 is available on the Internet at www.ddr.com.

Contact: Francine Glandt Vice President of Capital Markets Developers Diversified Realty Main: (216) 755-5500 E-mail: Email Contact

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