News Releases

NYSE Suspends Feldman Mall Properties, Inc. Moves to Remove from the List

NEW YORK , June 27, 2008 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of Feldman Mall Properties, Inc (the "Company") – ticker symbol FMP – should be suspended prior to the market opening on Monday, July 7, 2008 .

The decision to suspend the Company’s common stock was reached in view of the fact that the Company has fallen below the New York Stock Exchange’s (“NYSE”) continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of not less than $25 million, which is the minimum threshold for listing.

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the Securities and Exchange Commission to delist the issue is pending the completion of applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision. The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.

Company contact:
Tom Wirth
516-684-1239

See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting

Contact: Stephanie Scotto
Phone: 212.656.4896
Email: sscotto@nyx.com