Press Release

The Howard Hughes Corporation Names Peter F. Riley as General Counsel

Company Release - 5/2/2011 8:30 AM ET

DALLAS--(BUSINESS WIRE)-- The Howard Hughes Corporation (NYSE: HHC) announced today that Peter F. Riley was appointed Senior Vice President, Secretary and General Counsel by its Board of Directors.

David R. Weinreb, Chief Executive Officer of The Howard Hughes Corporation, stated “We are pleased to have Peter join our management team as he brings the experience of a seasoned executive. Peter has a broad background that includes tax, real estate, and mergers and acquisitions. He will be responsible for overseeing all legal matters for the Company.”

Mr. Weinreb continued, “We had the opportunity to work with Peter through the emergence of The Howard Hughes Corporation. His familiarity with our Company enables him to immediately make an impact as we work to realize the full potential of some of the most sought after properties in the country.”

Mr. Riley has over 30 years working in both the public and private sector. Mr. Riley has been a partner at K&L Gates LLP since 2004 with a significant focus on tax aspects of fund formation, joint ventures and the acquisition, disposition, operation and financing of real estate assets. Previously, Mr. Riley led the tax department at Kelly, Hart & Hallman, and was Senior Tax Counsel at Simpson Thacher & Bartlett.

Before earning his law degree, Mr. Riley worked for Amerada Hess Corporation (NYSE: AHC) where he became Chief Financial Officer of its Abu Dhabi subsidiary. Mr. Riley received his L.L.M. in Taxation from New York University School of Law, his J. D. from Boston College Law School and his B.B.A. from The University of Notre Dame. Mr. Riley will report directly to Mr. Weinreb, and his appointment is effective immediately.

About The Howard Hughes Corporation

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the country. Created from a selected subset of 34 assets previously held by General Growth Properties, the company's properties include master planned communities, operating properties, development opportunities and other unique assets spanning 18 states from New York to Hawaii.

For more information on the company, visit www.howardhughes.com or contact Kay Weinmann via e-mail at kay.weinmann@howardhughes.com or (214) 741-7744.

Safe Harbor Statement

Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “realize” or similar words, 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 Registration Statement on Form 10, as amended. 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.

Source: The Howard Hughes Corporation

Contact:

The Howard Hughes Corporation

Kay Weinmann, 214-741-7744

kay.weinmann@howardhughes.com

www.howardhughes.com