THE HOWARD HUGHES CORPORATION® ANNOUNCES CREATION OF HOLDING COMPANY STRUCTURE

HOUSTON, July 17, 2023 /PRNewswire/ -- The Howard Hughes Corporation® (NYSE:HHC) (the "Company") today announced that its Board of Directors has authorized the Company to create a newly incorporated holding company structure—The Howard Hughes Holding Corporation—which will become the new parent company of The Howard Hughes Corporation and replace it as the company that is publicly traded on the New York Stock Exchange. Existing shares of The Howard Hughes Corporation stock will be automatically converted, on a one-for-one basis, into shares of common stock of The Howard Hughes Holding Corporation, which will retain the ticker symbol "HHC" as trading continues uninterrupted on the NYSE. The Board and the executive officers of the Company will continue in their same roles at the new company.