Taubman creates extraordinary retail environments for shoppers, retailers, communities, and investors. Our portfolio in the United States is the most productive in the nation. WeÍre headquartered in Bloomfield Hills, Michigan, and through our Taubman Asia subsidiary, headquartered in Hong Kong, weÍre extending our expertise to booming markets in China and South Korea. Our portfolio is located in major markets from coast to coast, our centers have the highest sales per square foot in the publicly traded, regional mall industry. Shares of Taubman Centers Inc. (NYSE:TCO), a Real Estate Investment Trust, have been trading on the New York Stock Exchange since 1992. There are many reasons Taubman malls have set the industry standard for design and productivity for more than six decades. It all starts with our organizationÍs intense focus on planning and our history of innovation. Many of the design features we pioneered are now incorporated into the best shopping destinations around the world. Retail real estate development is in our DNA, and we know how to create, from the ground up, environments that attract shoppers, delight retailers and reward investors. We think like retailers, merchandising and managing our properties to maximize and sustain their sales potential within the markets they serve.