Retail Joint Venture Partner

Taubman Centers  (NYSE:TCO), a real estate investment trust,
owns, develops, acquires and operates regional and super-regional shopping
centers.

Taubman Centers are among the most productive and profitable retail
properties in the United States with sales productivity averaging over $550
per square foot.  Taubman Centers owns and/or manage 24 urban and suburban
shopping centers.  Taubman properties include such landmark shopping
destinations as Beverly Center in Los Angeles, Denver's Cherry Creek
Shopping Center, and the Mall at Short Hills in northern New Jersey.

The company, as it has for over five decades, directly manages all
key functions of the business, including development, acquisitions, center
operations and leasing.

Taubman Centers, Inc. is headquartered in Bloomfield Hills, Michigan.
Taubman Asia, headquartered in Hong Kong, extends the company's unsurpassed
retail real estate experience to international markets.  Additional
information can be obtained from the company's website, www.taubman.com.

Taubman is heading the retail consulting for the New Songdo City Retail Complex.