MLS Mills Corp

The Mills Corporation (NYSE:MLS) announced today that its Board of Directors has rescheduled The Mills� 2006 annual meeting of shareholders from Thursday, December 21, 2006 to Friday, December 29, 2006, which is consistent with the alternate scheduling the Company had announced on November 10, 2006. The meeting will be held at 10:00 a.m. at the Hyatt Regency Bethesda, One Bethesda Metro Center, Bethesda, Maryland. The Mills also announced today that it currently expects to file its 2005 Form 10-K with the Securities and Exchange Commission within the next several weeks. The Company is working diligently with Ernst & Young, its outside auditor, to complete the restated financial statements. About The Mills Corporation The Mills Corporation, based in Chevy Chase, MD, is a developer, owner and manager of a diversified portfolio of retail destinations, including regional shopping malls and market-dominant retail and entertainment centers. It currently owns 39 properties in the United States totaling approximately 48 million square feet. The Mills is traded on the New York Stock Exchange under the ticker: MLS. For more information, visit the Company's website at www.themills.com. Statements in this press release that are not historical - including as to the timing for filing The Mills� 2005 Form 10-K - may be deemed forward-looking statements within the meaning of the federal securities laws. Although The Mills believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, The Mills can give no assurance that its expectations will be attained and it is possible that our actual circumstances and results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. The Mills undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is directed to The Mills� various filings with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and its annual reports on Form 10-K, for a discussion of such risks and uncertainties. The Mills Corporation (NYSE:MLS) announced today that its Board of Directors has rescheduled The Mills' 2006 annual meeting of shareholders from Thursday, December 21, 2006 to Friday, December 29, 2006, which is consistent with the alternate scheduling the Company had announced on November 10, 2006. The meeting will be held at 10:00 a.m. at the Hyatt Regency Bethesda, One Bethesda Metro Center, Bethesda, Maryland. The Mills also announced today that it currently expects to file its 2005 Form 10-K with the Securities and Exchange Commission within the next several weeks. The Company is working diligently with Ernst & Young, its outside auditor, to complete the restated financial statements. About The Mills Corporation The Mills Corporation, based in Chevy Chase, MD, is a developer, owner and manager of a diversified portfolio of retail destinations, including regional shopping malls and market-dominant retail and entertainment centers. It currently owns 39 properties in the United States totaling approximately 48 million square feet. The Mills is traded on the New York Stock Exchange under the ticker: MLS. For more information, visit the Company's website at www.themills.com. Statements in this press release that are not historical - including as to the timing for filing The Mills' 2005 Form 10-K - may be deemed forward-looking statements within the meaning of the federal securities laws. Although The Mills believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, The Mills can give no assurance that its expectations will be attained and it is possible that our actual circumstances and results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. The Mills undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is directed to The Mills' various filings with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and its annual reports on Form 10-K, for a discussion of such risks and uncertainties.