Tanger Begins Construction of a New Outlet Shopping Center in Mebane, North Carolina

GREENSBORO, N.C., Oct. 20, 2009 (GLOBE NEWSWIRE) -- Tanger Factory Outlet
Centers, Inc., headquartered in Greensboro, North Carolina, recently closed on
the purchase of a 52 acre parcel in Mebane, North Carolina. The site will be the
future location of the Tanger Outlet Center of the Piedmont. Located on busy
Interstate 40/85, Exit 154, on Arrowhead Boulevard in Alamance County, the new
Tanger Outlet Center will serve shoppers traveling between North Carolina's
Triangle - Raleigh/Durham/Chapel Hill and Triad - Greensboro/High
Point/Winston-Salem, as well as from a growing regional population.

With preliminary work now underway, an official ground breaking ceremony will
take place in December. The project is slated for completion in late 2010. The
new Tanger Outlet Center will be Tanger's third outlet shopping center in the
state. The company operates the Tanger Outlets in Blowing Rock along the Blue
Ridge Parkway, and also the Tanger Outlet Center in Nags Head on North
Carolina's scenic Outer Banks.

The 317,000 square foot Tanger Outlet Center in Mebane will welcome shoppers
with a collection of approximately 80 brand name and designer outlet stores.
These stores include Saks Fifth Avenue OFF 5th, Banana Republic Factory Store,
Coach Factory, Gap Outlet, J. Crew, Michael Kors, BCBG/Girls, Nike Factory
Store, Tommy Hilfiger and so many more of today's leading brand and designer
names.

"We are very excited to begin creating one of the South's premiere outlet
shopping attractions," stated Steven B. Tanger, President and Chief Executive
Officer for Tanger Factory Outlet Centers, Inc. "This project represents a
$60,000,000 investment by Tanger in this growing Piedmont community and the
great state of North Carolina," he added.

Tanger Factory Outlet Centers, Inc., (NYSE:SKT) a publicly traded REIT,
presently has ownership interests in and management responsibilities for 33
outlet shopping centers in 22 states coast-to-coast, totaling approximately 10.2
million square feet, leased to over 2,200 stores that are operated by over 400
different store brands. For more information on Tanger Outlet Centers, call
1-800-4-TANGER or visit our website at www.tangeroutlet.com.

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CONTACT: Tanger Factory Outlet Centers, Inc.
Mike Buescher
(336) 834-6826