The Howard Hughes Corporation currently owns three properties in Hawai‘i: ONE Ala Moana, Ward Centers and ranch land in Maui. ONE Ala Moana is a world class development of luxury condominiums above the Nordstrom parking structure at Ala Moana Center. In a joint venture with The MacNaughton Group and Kobayashi Group, the partnership recently began sales of the 23-story tower, which offers an ultra-luxury lifestyle to local and international residents. Ward Centers is a collection of retail and commercial properties centrally located between downtown Honolulu and Waikiki. In October 2012, the company - the largest private land owner in the Kaka‘ako district - unveiled a vision for Ward Village. The 9.3 million square-foot, mixed-use development will reshape the area into a dynamic, urban master planned community, with more than 4,000 residential units and over one million square feet of upscale retail and other commercial space.About The Howard Hughes Corporation The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 18 states from New York to Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC and is headquartered in Dallas, TX. For additional information about HHC, visit www.howardhughes.com. Safe Harbor Statement Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize,” “plan,” “intend,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.