CBL & ASSOCIATES PROPERTIES INC

Certain statements included or incorporated by reference in this Annual Report on Form 10-K may be deemed “forward looking statements” within the meaning of the federal securities laws. All statements other than statements of historical fact should be considered to be forward-looking statements. In many cases, these forward looking statements may be identified by the use of words such as “will,” “may,” “should,” “could,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “projects,” “goals,” “objectives,” “targets,” “predicts,” “plans,” “seeks,” and variations of these words and similar expressions. Any forward-looking statement speaks only as of the date on which it is made and is qualified in its entirety by reference to the factors discussed throughout this report.

Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, forward-looking statements are not guarantees of future performance or results and we can give no assurance that these expectations will be attained. It is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of known and unknown risks and uncertainties. In addition to the risk factors discussed in Part I, Item 1A of this report, and those factors noted above, such known risks and uncertainties include, without limitation:

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general industry, economic and business conditions;

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interest rate fluctuations;

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costs and availability of capital, including debt, and capital requirements;

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the ability to obtain suitable equity and/or debt financing and the continued availability of financing, in the amounts and on the terms necessary to support our future refinancing requirements and business;

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costs and availability of real estate;

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inability to consummate acquisition or disposition opportunities and other risks associated with acquisitions and dispositions;

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competition from other companies and retail formats;

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changes in retail demand and rental rates in our markets;

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shifts in customer demands including the impact of online shopping;

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tenant bankruptcies or store closings;

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changes in vacancy rates at our properties;

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changes in operating expenses;

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changes in applicable laws, rules and regulations;

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cyberattack or acts of cyberterrorism;

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uncertainty and economic impact of pandemics, epidemics or other public health emergencies or fear of such events; and

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other risks referenced from time to time in filings with the Securities and Exchange Commission (“SEC”) and those factors listed or incorporated by reference into this report.

This list of risks and uncertainties is only a summary and is not intended to be exhaustive. We disclaim any obligation to update or revise any forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking information.