News Release Making News.

SANTA MONICA, Calif., Jan. 10, 2013 /PRNewswire/ -- The Macerich Company (NYSE Symbol: MAC) today announced the recent closing of five loans with the Company's pro rata share totaling over $1.3 billion.  The average interest rate on these loans was 3.33% and the average maturity was 8.2 years.  With the completion of these financings, the Company has extended its loan maturity average life to 5.5 years, up from 3.2 years at January 1, 2012.

(1)     This is loan is floating at LIBOR + 1.90% and maturity date includes extension options.

Macerich is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich now owns approximately 64 million square feet of gross leaseable area consisting primarily of interests in 60 regional shopping centers. Additional information about Macerich can be obtained from the Company's website at www.macerich.com.

SOURCE The Macerich Company

Arthur Coppola, Chairman and Chief Executive Officer, or Thomas O'Hern, Senior Executive Vice President, Chief Financial Officer and Treasurer, +1-310-394-6000