News & Announcements Making News.

Santa Monica, CA (2/16/99) - The Macerich Company (NYSE Symbol: MAC) today announced results of operations for the fourth quarter and year ended December 31, 1998, which included the following: · Funds from operations ("FFO") – diluted increased by 44% for the year ended December 31, 1998 compared

SANTA MONICA, CA. (12/07/98) - The Macerich Partnership, L.P. and the Ontario Teachers' Pension Plan Board have reached agreement with various Safeco Corporation entities to purchase the following regional shopping centers: 1. Washington Square Mall, Tigard, Oregon (Portland area) 2.

Santa Monica, CA (11/12/98) - The Macerich Company (NYSE Symbol: MAC) today announced results of operation for the third quarter which included the following: · Funds from operations ("FFO") – diluted increased by 52% compared to the same quarter in 1997 · FFO per share – diluted increased 16% to

SANTA MONICA, CA. , (8/11/98) The Macerich Company, (NYSE Symbol: MAC) today announced per share funds from operations (FFO) -diluted for the second quarter of 1998 increased 18% compared to the second quarter of 1997. Management attributes the strong performance to the 4% increase in the core

SANTA MONICA, CA. , (8/10/98) Subsidiaries of The Macerich Company, (NYSE Symbol: MAC) announced that they have acquired a 100% interest in The Village at Corte Madera, a 428,000 square foot regional mall in Corte Madera, California. The mall, located in the San Francisco Bay area, is anchored by

SANTA MONICA, CA. (8/5/98) -- The Board of Directors of The Macerich Company (NYSE Symbol: MAC) declared a quarterly dividend of $0.46 per share of common stock to stockholders of record on August 14, 1998. Based on yesterdayís closing price of $26 15 / 16 , the annualized dividend yield is 6.8%.

SANTA MONICA, CA. (7/1/98) -- A subsidiary of The Macerich Company (NYSE Symbol: MAC) announced plans to acquire Westside Pavilion, a 750,000 square foot regional mall. The mall is located in the upscale Westside of Los Angeles at the intersection of Westwood Boulevard and Pico Boulevard.

Santa Monica, CA - June 25, 1998 - A subsidiary of The Macerich Company (NYSE Symbol:MAC) has acquired South Plains Mall, a 1,107,000 square foot super regional mall in Lubbock, Texas. The purchase price was $115.7 million, consisting of the assumption of $29.4 million of debt, at market value, and

Santa Monica, CA --June 24, 1998 --The Macerich Company, (NYSE Symbol: MAC) today announced a $150 million investment by the Ontario Teachers' Pension Plan. The investment is in the form of a direct private placement of 5,487,471 shares of convertible preferred stock of The Macerich Company.

Santa Monica, CA -- May 12, 1998 -- The Macerich Company (NYSE Symbol: MAC) today announced an 11% increase in funds from operations (FFO) per share to $0.564 for the first quarter of 1998 compared to $0.510 for the first quarter of 1997, both on a diluted basis.