Taubman Asia's Morgan Parker Steps Down

Company Committed to Asia Opportunity

BLOOMFIELD HILLS, Mich., Oct. 5 /PRNewswire-FirstCall/ -- Taubman Centers,
Inc. (NYSE: TCO) today announced that Morgan Parker, president of Taubman Asia
has resigned. The company remains committed to pursuing retail real estate
opportunities in the Asia- Pacific region.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080428/CLM116LOGO )

"In 2005 we formed Taubman Asia to seek retail projects that leverage our
strong retail planning, design and operational capabilities," said Robert S.
Taubman, chairman, president and chief executive officer of Taubman Centers.
"Since then, we've created strong business relationships, established proven
business capabilities and have secured contracts for value-added real estate
services.

"Although the international financial crisis has taken its toll in real estate
markets everywhere, we continue to believe that the economies in Asia will
lead the world in growth and over the next five to ten years retailers will be
looking for high quality class A retail space that we are particularly suited
to provide. We expect over time, our activities in Asia will result in
profitable investments and external growth for our company.

"We appreciate Morgan's talents and accomplishments, as he moves on to pursue
other interests," added Mr. Taubman. "He has been instrumental in building
our capabilities and establishing our platform in the region. Until such time
as a new president for Asia is appointed, I will be devoting an increased
portion of my time to this important endeavor."

Taubman Centers is a real estate investment trust engaged in the development
and management of regional and super regional shopping centers. Taubman's 24
U.S. owned and/or managed properties, the most productive in the industry,
serve major markets from coast to coast. Taubman Centers is headquartered in
Bloomfield Hills, Michigan and its Taubman Asia subsidiary is headquartered in
Hong Kong. For more information about Taubman, visit www.taubman.com.

For ease of use, references in this press release to "Taubman Centers",
"company", "Taubman Asia", or "Taubman" mean Taubman Centers, Inc. or one or
more of a number of separate, affiliated entities. Business is actually
conducted by an affiliated entity rather than Taubman Centers, Inc. itself.

This press release may contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. These statements reflect
management's current views with respect to future events and financial
performance. Actual results may differ materially from those expected because
of various risks and uncertainties, including, but not limited to the ongoing
U.S. recession, the existing global credit and financial crisis and other
changes in general economic and real estate conditions, changes in the
interest rate environment and the availability of financing, and adverse
changes in the retail industry. Other risks and uncertainties are discussed in
the company's filings with the Securities and Exchange Commission including
its most recent Annual Report on Form
10-K.

SOURCE Taubman Centers, Inc.

Karen Mac Donald, Taubman, Director, Communications, +1-248-258-7469,
kmacdonald@taubman.com, or Barbara Baker, Taubman, Vice President, Investor
Relations, +1-248-258-7367, bbaker@taubman.com