CBL Malls Offer Exclusive Coca-Cola Racing Experience For Third Consecutive Year.

CHATTANOOGA, Tenn. -- CBL & Associates Properties, Inc. (NYSE:CBL) and Coca-Cola have teamed up for a third year to bring the exclusive Coca-Cola Racing Experience tour to CBL malls across the country. As part of the experience, fans at each participating mall can enter to win a trip to the

Coca-Cola Racing Family Ride Along in Atlanta at the end of October. The prize package features a chance to meet members of the Coca-Cola Racing Family and ride with one of them around the track at 160 miles per hour. The Grand Prize also includes roundtrip airfare for two to Atlanta, along with hotel and ground transportation. For more information about the Coca-Cola Racing Experience please visit the following mall websites hosting the tour this year:

      Coastal Grand Mall         www.coastalgrand.com
      Hamilton Place             www.hamiltonplace.com
      Hanes Mall                 www.shophanesmall.com
      Honey Creek Mall           www.honeycreekmall.com
      Oak Park Mall              www.thenewoakparkmall.com
      Southpark Mall             www.southparkmall.com
      Stroud Mall                www.stroud-mall.com
      Volusia Mall               www.volusiamall.net
      York Galleria              www.yorkgalleriamall.com

"With the success of the last two year's Racing Experience, we are excited to bring the tour to CBL malls again this year," said Stephen Lebovitz, president of CBL & Associates Properties, Inc. "Last year's tour attracted an estimated attendance of more than 330,000 people, with over 45,000 racing fans participating in the event and over 7 million brand impressions were delivered by the tour. The Coca-Cola Racing Experience has proven to be a strong consumer draw for our malls, benefiting mall retailers and eateries."

Along with the Coca-Cola Racing experience, CBL continues support of the Victory Junction Gang Camp to help enrich the lives of children with chronic medical conditions. Shoppers have the opportunity to help send a child to camp by picking up donation envelopes in the mall or donating on-line to www.victoryjunction.org. "Last year CBL raised over $30,000 for Victory Junction Gang Camp, which is just a start in our endeavor to utilize the centers in gaining exposure for a worthwhile cause," said Barb Faucette, Vice President of Mall Marketing.

Coca-Cola is the Official Soft Drink of NASCAR and the sponsor of the Coca-Cola 600. The Coca-Cola Racing Family includes top drivers Greg Biffle, Jeff Burton, two-time NASCAR Nextel Cup Series champion Tony Stewart, Carl Edwards, Denny Hamlin, Kevin Harvick, former champions Dale Jarrett and Bobby Labonte, Mark Martin, Jamie McMurray, Kyle Petty, David Ragan, Elliot Sadler, Michael Waltrip and J.J. Yeley.

About CBL & Associates Properties, Inc.

CBL is one of the largest and most active owners and developers of malls and shopping centers in the country. CBL owns, holds interests in or manages 131 properties, including 79 regional malls/open-air centers. The properties are located in 27 states and total 74.3 million square feet including 2.2 million square feet of non-owned shopping centers managed for third parties. CBL currently has fourteen projects under construction totaling 2.5 million square feet including Pearland Town Center in Houston (Pearland), TX; Alamance Crossing in Burlington, NC; CBL Center II in Chattanooga, TN; two lifestyle/associated centers, eight mall expansions/redevelopments, and one community center. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, and Dallas, TX. Additional information can be found at http://cblproperties.com.