CBL & Associates Properties Inc.

Charles B. Lebovitz has served as Chairman of the Board and Chief Executive Officer of the Company since the completion of its initial public offering in November 1993 and is also Chairman of the Executive Committee of the Board of Directors. Mr. Lebovitz also served as President of the Company until February 1999. Prior to the Company's formation, he served in a similar capacity with CBL’s Predecessor. Mr. Lebovitz has been involved in shopping center development since 1961 when he joined his family's development business. In 1970, he became affiliated with Arlen Realty & Development Corp. (“Arlen”) where he served as President of Arlen's shopping center division, and, in 1978, he founded CBL’s Predecessor together with his associates (the “Associates”), including John N. Foy and Ben S. Landress. Mr. Lebovitz is currently a member of the Board of Governors of the National Association of Real Estate Investment Trusts ("NAREIT"), an Advisory Director of First Tennessee Bank, N.A., Chattanooga, Tennessee and a National Vice Chairman of the United Jewish Appeal. Mr. Lebovitz has previously served as Chairman of the International Council of Shopping Centers ("ICSC") and as a Trustee and Vice President (Southern Division) of the ICSC. Mr. Lebovitz has three sons, Stephen D. Lebovitz, Michael I. Lebovitz and Alan L. Lebovitz, all executive officers of the Company, and a daughter, Beth Backer, who lives in Boston. He and his wife, Betty Lebovitz, reside in Chattanooga, TN.

Stephen D. Lebovitz has served as President and Secretary of the Company since February 1999 and as a director of the Company since the completion of its initial public offering in November 1993. Since joining CBL’s Predecessor in 1988, Mr. Lebovitz has also served as Executive Vice President - Development/Acquisitions, Executive Vice President - Development, Senior Vice President - New England Office and as Senior Vice President - Community Center Development and Treasurer of the Company. Before joining CBL’s Predecessor, Mr. Lebovitz was affiliated with Goldman, Sachs & Co. from 1984 to 1986. He holds a MBA from Harvard University and he is past president of the Boston Jewish Family and Children’s Service, a member of the Board of Governors of the Combined Jewish Philanthropic, Boston, Massachusetts and a member of the Board of Directors of the Children’s Hospital Trust, Boston, Massachusetts. He is a Trustee and Divisional Vice President of the ICSC. Stephen D. Lebovitz is a son of Charles B. Lebovitz and a brother of Michael I. Lebovitz and Alan L. Lebovitz.

Augustus N. Stephas serves as Chief Operating Officer – Senior Vice President of the Company. He was promoted to that position in February 2007. Previously, Mr. Stephas served as Senior Vice President – Accounting and Controller of the Company, having held these positions since January 1997. Mr. Stephas joined CBL’s Predecessor in July 1978 as Controller and was promoted to Vice President in 1984. From 1970 to 1978, Mr. Stephas was affiliated with the shopping center division of Arlen, first as accountant and later as assistant controller.

John N. Foy has served as Vice Chairman of the Board of Directors and Treasurer of the Company since February 1999 and as a director and Chief Financial Officer of the Company since the completion of its initial public offering in November 1993. Until February 1999, he served as Executive Vice President – Finance, Chief Financial Officer and Secretary of the Company. Mr. Foy is a member of the Executive Committee of the Board of Directors. Prior to the Company’s formation, he served in similar executive capacities with CBL’s Predecessor. Mr. Foy has been involved in the shopping center industry since 1968 when he joined the Lebovitz family’s shopping center development business. In 1970, he became affiliated with the shopping center division of Arlen, and, in 1978, joined Charles B. Lebovitz in establishing CBL’s Predecessor. Mr. Foy served as Chairman of the Board of First Fidelity Savings Bank in Crossville, Tennessee from December 1985 until April 1994. Mr. Foy currently serves as a member of the Advisory Board of Regions Bank of Chattanooga, Tennessee, as Chairman of the Board of Directors of Chattanooga Neighborhood Enterprise, a non-profit organization based in Chattanooga, Tennessee and as a member of the Board of Directors of the Electric Power Board of Chattanooga, a non-profit agency of the City of Chattanooga, Tennessee. Mr. Foy is a former member of the Board of Governors of NAREIT. Mr. Foy obtained his Doctor of Jurisprudence Degree in 1967 from the University of Tennessee College of Law and his undergraduate degree from Austin Peay State University.

Michael I. Lebovitz serves as Senior Vice President – Chief Development Officer of the Company. He was promoted to that position in June 2006. Previously, Mr. Lebovitz served the Company as Senior Vice President – Mall Projects, having held that position since January 1997. Prior to that time, Mr. Lebovitz served as Vice President - Development and as a project manager for the Company. Mr. Lebovitz joined CBL’s Predecessor in 1988 as a project manager for CoolSprings Galleria in Nashville, Tennessee, and was promoted to Vice President in 1993. Prior to joining CBL’s Predecessor, he was affiliated with Goldman, Sachs & Co. from 1986 to 1988. He is past President of the Jewish Community Federation of Greater Chattanooga, serves on the national boards of United Jewish Communities, Hillel and the United States Holocaust Memorial Council and is a Board Member of the Chattanooga United Way. Michael I. Lebovitz is a son of Charles B. Lebovitz and a brother of Stephen D. Lebovitz and Alan L. Lebovitz.

Ben S. Landress serves as Executive Vice President – Management of the Company. He has held that position since January 1997. Prior to that time, Mr. Landress served as Senior Vice President - Management and prior thereto, he served in a similar capacity with CBL’s Predecessor. Mr. Landress is responsible for general corporate administration and is the Company’s Compliance Officer. Mr. Landress has been involved in the shopping center business since 1961 when he joined the Lebovitz family’s development business. In 1970, he became affiliated with Arlen’s shopping center division, and, in 1978, joined Charles B. Lebovitz as an Associate in establishing CBL’s Predecessor.

Alan Lebovitz is Senior Vice President – Asset Management for CBL. Mr. Lebovitz is responsible for strategic planning and growth initiatives for the Company’s portfolio of market dominant regional malls and open-air centers. Mr. Lebovitz also oversees the Company’s third party management arm and the corporate relations division. Mr. Lebovitz joined CBL in September 1995 as Assistant General Manager and Tenant Coordinator at WestGate Mall in Spartanburg, South Carolina. He moved to the CBL corporate headquarters in Chattanooga in 1997 as Project Manager in the Mall Development division and worked on both new mall, community center and outparcel development and redevelopment projects. His previous work experience includes real estate asset management training with Goldman, Sachs & Co in New York City as well as retail demographic analysis in Chicago, Illinois. He is the immediate past president of the B’nai Zion Congregation, a Leadership Chattanooga alum and is a member of the Board of the United Way of Greater Chattanooga. Alan Lebovitz is the son of Charles B. Lebovitz and brother of Stephen D. Lebovitz and Michael I. Lebovitz.

Charles W.A. Willett, Jr. serves as Senior Vice President – Real Estate Finance of the Company. He has held that position since January 2002. Mr. Willett was promoted to Vice President - Real Estate Finance in 1996 and held that position until his promotion to Senior Vice President as stated above. Prior to 1996, Mr. Willett participated in the Company’s finance department and he served in a similar capacity with CBL’s Predecessor prior to 1993. Mr. Willett joined CBL’s Predecessor in 1978 and prior thereto, he was affiliated with Arlen in its finance and accounting departments.

Farzana K. Mitchell serves as Senior Vice President – Finance of the Company. She has held that position since September 2000. Prior to joining the Company, Ms. Mitchell was Vice President of Equitable Real Estate (successor to Lend Lease Real Estate Investments prior to its acquisition by Morgan Stanley). Ms. Mitchell served the Equitable and Lend Lease Companies for 18 years in various senior financial positions and as Deputy Portfolio Manager for Equitable/Axa Financial’s mortgage portfolio. From 1976 to 1982, she served as Assistant Treasurer of IRT Property Company, a former REIT. Ms. Mitchell received her BBA degree in Economics, MBA in Accounting and a MS in Real Estate and Urban Affairs from Georgia State University. She is a certified public accountant, licensed in the state of Georgia.

Howard Grody serves as Senior Vice President - Leasing for CBL. Mr. Grody joined the Company in 1991 as Leasing Manager and was promoted to Vice President – Mall Leasing in 2000 and to his current position in 2008. Mr. Grody provides strategic direction and oversight to the leasing for CBL’s portfolio of existing properties as well as CBL's active development pipeline. Prior to joining CBL, Mr. Grody worked with Sizeler Real Estate Properties from 1986-1991 and R. G. Foster & Associates from 1982-1986. He graduated from Tulane University in 1982 with a Bachelor of Science in Management. Mr. Grody was awarded the designation of Certified Leasing Specialist as recognized by ICSC in 1994, the program's inaugural year, and was awarded the designation of Senior Certified Leasing Specialist in 2008.

Jerry L. Sink serves as Senior Vice President – Mall Management of the Company. He has held that position since February 1998. Prior to that time, Mr. Sink had served as Vice President - Mall Management since joining the Company in July 1993. Mr. Sink served as Vice President of Retail Asset Management for Equitable Real Estate, Chicago, Illinois, from January 1988 to June 1993 and, prior to January 1988, he was affiliated with General Growth Companies, Inc. as Vice President of Management. Mr. Sink holds the designation of Senior Certified Shopping Center Manager (“SCSM”) as recognized by the ICSC.

Victoria S. Berghel serves as Senior Vice President – General Counsel of the Company. She was promoted to that position effective January 1, 2006. Ms. Berghel formerly served as Vice President – Deputy General Counsel since joining the Company in February 2004. Prior to joining the Company, Ms. Berghel served as a Vice President – Law – Real Estate, Construction and Environmental Affairs for Sears, Roebuck and Co. (1996 – 2004). Before joining Sears in 1996, she was a partner with the Baltimore, Maryland law firm of Weinberg & Green (now part of the law firm of Saul Ewing LLP). Ms. Berghel earned her law degree from the University of Maryland School of Law (J.D., 1977) where she was on the Editorial Board of the Maryland Law Review. Ms. Berghel has been a member of the American College of Real Estate Lawyers since 1989 and has served as Chair of the Maryland State Bar Association’s Section of Real Property, Planning and Zoning from 1994 to 1996. She serves on the Advisory Board of the John Marshall School of Law LLM-Real Estate program and is a member of the Law Conference Program Committee for the ICSC having previously served as co-chair (2003) and chair (2004) of the ICSC Law Conference and as a dean of the ICSC University of Shopping Centers School of Shopping Center Law.

Andrew F. Cobb serves as Vice President and Director of Accounting. Prior to his promotion in November 2006, he served as Vice President - Accounting since joining the Company in June 2002. Previous to joining the Company, Mr. Cobb was with Arthur Andersen LLP from 1991 to 2002, most recently serving as an audit manager from 1996 to 2002. Mr. Cobb is a member of the Tennessee Society of Certified Public Accountants and of the American Institute of Certified Public Accountants.

Barb Faucette joined CBL in September 1995. As Vice President - Mall Marketing, her responsibilities include overseeing all aspects of marketing for the regional shopping center portfolio. Her areas of expertise include strategic planning, retail advertising analysis, special events, public relations and team management. Prior to joining CBL, she held officer positions with leading developers around the country, including JMB Properties, Federated Stores Realty and Compass Retail. Mrs. Faucette is a member of several ICSC Committees, instructor for the ICSC School of Professional Development, and holds a Senior Level Certified Marketing Director (SCMD) status. She has been awarded over 20 industry awards, including five MAXI's.

D.C. “Rusty” Phillips is Vice President of Peripheral Property. Mr. Phillips’ main responsibilities include the leasing or sales of all peripheral property in the CBL portfolio. Prior to joining CBL, Mr. Phillips served as the Vice President of Development for Burger King’s Concept, Quik Wok, where he was responsible for the real estate and construction functions. Mr. Phillips is a licensed real estate salesman in the State of Texas and annually teaches classes at ICSC Leasing I and II courses. He is a graduate of Texas A & M - Kingsville with a BBA in Marketing and currently resides in Chattanooga.

Don Sewell, Vice President – Mall Management, joined CBL in October 1973. He currently oversees the management and operational duties for CBL’s portfolio of enclosed regional malls. Prior to joining the Company, Mr. Sewell worked for Arlen Reality. He holds the designation of Certified Shopping Center Manager and Certified Marketing Director as recognized by the ICSC.

Geoff Smith, Vice President - Development, joined CBL in June 1999 as a project manager in the community center development division and most recently served as director. He is actively involved in CBL's community center/open-air shopping center projects including the 1.7 million-square-foot Gulf Coast Town Center in Fort Myers, FL. He has also worked on The Shoppes at St. Clair Square, a lifestyle center in Fairview Heights (St. Louis, MO), IL; Cobblestone Village at St. Augustine in St. Augustine, FL; and Cobblestone Village at Royal Palm Beach in Royal Palm Beach, FL. Mr. Smith has been responsible for more than 3.5 million square feet of new development for CBL. Prior to joining the company, he served as president and principal of Seneca Development Corporation and real estate manager for Family Dollar Stores.

J. Tyler Overley serves as Vice President of Accounting and Assistant Controller. He has worked in that capacity with CBL since 1997 and joined the Company in 1984. Mr. Overley is on the local Board of Directors of Bethany Christian Services, a national adoption and family services agency. Mr. Overley is a member of the Tennessee Society of Certified Public Accountants and of the American Institute of Certified Public Accountants.

Jan Wills (formally Bass) joined CBL as a Leasing Manager in May 1995. Jan was responsible for leasing several new development projects such as Arbor Place in Douglasville (Atlanta) Ga, Coastal Grand in Myrtle Beach, S.C, Hamilton Place in Chattanooga, TN, and several other super-regional malls in the portfolio. In 2001, she was promoted to Regional Leasing Director for the Georgia-Tennessee region, later shifting to the Carolina region overseeing the leasing activities for twelve malls in North and South Carolina. In 2006, Jan was promoted to her current position as Vice President, Mall Leasing. Ms. Wills has been in the shopping center industry for over 22 years.

Jay Wiseman is CBL’s Vice President – Acquisitions. He has worked for the Company since 1998 and has been involved with the acquisition of 59.5 million square feet of malls, strip centers and office buildings totaling $6.5 billion. He is also sourcing international investment opportunities for CBL, and has established investment platforms in Brazil and China. Mr. Wiseman has more than 24 years of experience in the shopping center industry, including working in institutional asset management, lending and brokerage. Prior to joining CBL, he worked at Metropolitan Life Insurance Company, Heller Real Estate Financial Services, Alex Brown Kleinwort Benson and Colliers Arnold.

Jeff Gregerson is the Vice President of Specialty Retail overseeing specialty leasing for CBL. His career started on the retailer’s side of the business in the early 1980's with the CR Anthony's Corporation, followed by Richman Brothers/Anderson Little Company. In 1991, he made the jump to the developer's side of the business by joining the Homart Development Company based out of Chicago, Illinois, as a Specialty Leasing Representative and later as Regional Specialty Leasing Manager. Mr. Gregerson joined CBL in 1994 to develop its Specialty Leasing department as Director and was promoted to Vice President in 2002. Under his leadership, revenues have grown fifty-fold since the program began. Mr. Gregerson has served for many years on the ICSC Specialty Leasing Conference Committee and has been a speaker at many ICSC functions.

John Waller is Vice President –Mall Leasing. He oversees leasing activity for the Company’s operating portfolio and is involved with strategic planning, budgeting, merchandising, market selection, deal approval and training leasing managers. Prior to joining CBL in 1998, Mr. Waller gained experience of the shopping center industry through his employment at Jim Wilson and Associates, Heitman Retail Properties and David Hocker & Associates, Inc.

Katie Reinsmidt is the Vice President – Corporate Communications and Investor Relations for CBL & Associates Properties, Inc. In that position she serves as the primary communication liaison between CBL and the many constituencies within the investment and financial communities. She also oversees CBL’s corporate media relations. Ms. Reinsmidt joined CBL in 2004 as Director of Investor Relations. Prior to joining CBL, she served as Associate Analyst at A.G. Edwards & Sons at its corporate headquarters in St. Louis, MO, where she provided research coverage for retail, healthcare and lodging REITs. Ms. Reinsmidt also serves as a Trustee for the City of Chattanooga General Pension Board.

Mona James is Vice President of Payroll and Corporate Bookkeeping and has worked with the key principals of CBL since 1971. Ms. James continued to oversee the Company’s payroll and bookkeeping after Independent Enterprises merged with Arlen Enterprises in 1970. She continued in that capacity upon the formation of CBL & Associates in 1978. Ms. James was also the Assistant to Moses Lebovitz, Chairman of the Board for CBL through 1991. She attended University of Tennessee at Chattanooga.

Steve Newton is the Vice President of Information Technology and oversees the computer and technology needs of the entire company. Prior to joining the Company, he worked for 12 years with Chattanooga-based IBM Business Partner CSSI. Mr. Newton is an IBM Certified Specialist on the IBM AS/400. He is currently a member of the Realm Software Product Advisory Board.

Stuart Smith is responsible for identifying opportunities, and the initial planning for redevelopments at all mall properties within the CBL portfolio. He joined CBL in January of 2001, and most recently served as Director of Redevelopment. Mr. Smith started his shopping center career as an Owner's Representative with U.S. Lend Lease in 1986 located in Tampa, Fl. He subsequently served 8 years with Dusco Property Management in Lancaster, PA overseeing mall renovation projects throughout the country, and then 4 years with Arbor Property Trust in Philadelphia, PA as Director of Construction.

Tom Carter is Vice President – Asset Management for CBL & Associates Properties, Inc. He is involved with strategic planning and implementing growth initiatives for CBL's portfolio of regional malls and shopping centers. Mr. Carter has worked for CBL since 1986 and served as Vice President and Project Manager for Coastal Grand-Myrtle Beach in Myrtle Beach, South Carolina, which opened in March 2004. He has also been involved in new mall development projects including Arbor Place in Atlanta (Douglasville), Georgia, Bonita Lakes Mall in Meridian, Mississippi, Turtle Creek Mall in Hattiesburg, Mississippi, CoolSprings Galleria in Nashville, Tennessee, and Oak Hollow Mall in High Point, North Carolina, and Lakeshore Mall in Sebring, Florida. Prior to joining CBL, Mr. Carter worked for Chattanooga Glass Company in Chattanooga, Tennessee.

Prior to joining CBL, Summerlin served for four years as the Director of Electronic Marketing for Unum and served for four years as Director of Marketing Communications for SI Corporation in Chattanooga. He also spent six years as account executive for what is now The Johnson Group, a Chattanooga, TN-based advertising agency. Summerlin graduated from University of Tennessee – Knoxville with a Bachelor of Science degree in communications. He and his wife, Scottie Goodman, have twin boys, Jack and Jake.

Claude M. Ballard, CRE, M.A.I. has served as a Director of the Company since the completion of its initial public offering and is Chairman of the Compensation Committee and a member of the Audit and Nominating/Corporate Governance Committees of the Board of Directors. Mr. Ballard has served as a general partner, limited partner and senior consultant of Goldman Sachs & Co. and as a Senior Vice President in the real estate division of the Prudential Insurance Company of America. He is currently a Director of Quapaw Council, Boy Scouts of America, Horizon Hotel Corp. and Research Solutions, Inc. Mr. Ballard is a member of the Board of Directors of St. Vincent's Infirmary, Little Rock, Arkansas.

Gary L. Bryenton joined the Company as a director on January 31, 2001, in accordance with the terms of the Company’s acquisition of a portfolio of properties from Jacobs Realty Investors Limited Partnership, a Delaware limited partnership (“JRI”) and certain of its affiliates and partners (collectively referred to herein as the “Jacobs Group” and the acquisition is referred to herein as the “Jacobs Acquisition”). Mr. Bryenton is Chairman of the Company’s Nominating/Corporate Governance Committee and a member of the Audit Committee of the Board of Directors. Mr. Bryenton is a Senior Partner of the law firm of Baker & Hostetler LLP and has formerly served as the firm’s Executive Partner and Chief Operating Officer. He currently is a member of the Board of Trustees of each of Heidelberg College and the Rutherford B. Hayes Presidential Center.

Leo Fields has served as a director of the Company since the completion of its initial public offering in November 1993 and is a member of the Executive Committee of the Board of Directors. Mr. Fields is Co-Chairman of Weisberg & Fields, Inc., an investment advisory firm he started in 1991. From 1984 through 1991, Mr. Fields directed Leo Fields Interests, a private investment firm. He was affiliated with Zale Corporation from 1947 until his retirement in 1984, serving, from 1981 to 1984, as Vice Chairman and a member of Zale’s Executive Committee. Mr. Fields is also a director of the M. B. and Edna Zale Foundation.

Matthew S. Dominski joined the Company as a director on February 2, 2005, when he was appointed to the Board of Directors to fill the un-expired term of William J. Poorvu, who retired from the Company’s Board in July 2004. Mr. Dominski is a member of the Company’s Audit, Compensation and Nominating/Corporate Governance Committees. From 1993 through 2000, Mr. Dominski served as Chief Executive Officer of Urban Shopping Centers (“Urban”). Urban was formerly one of the largest regional mall property companies in the United States and was a publicly traded real estate investment trust (“REIT”) listed on the New York Stock Exchange (“NYSE”) and the Chicago Exchange. Following the purchase of Urban by Rodamco North America in 2000, Mr. Dominski served as Urban’s President until 2002. In 2003, Mr. Dominski formed Polaris Capital, LLC, a Chicago, Illinois based real estate investment firm of which he currently is joint owner. From 1998 until 2004, Mr. Dominski served as a member of the Board of Trustees of the ICSC.