cbl-ex992

The following transactions shall occur as part of the Restructuring Transactions in the following order:¹

The LP shall form the Exit Credit Facility Borrower and the New Notes Issuer.

Through a series of corporate actions, the LP and the Debtors shall cause the equity interests of the Exit Credit Facility Subsidiaries to be transferred to the Exit Credit Facility Borrower and the equity interests of the New Notes Issuer Subsidiaries to be transferred to the New Notes Issuer. See Schedule A for the structure, upon the Effective Date, of the New Notes Issuer and the Exit Credit Facility Borrower and each of their respective subsidiaries and the collateral and other credit support to be provided for the (i) New Senior Secured Notes and New Convertible Notes and (ii) the Exit Credit Facility.

The holders of Allowed Existing LP Common Units that elect to receive New Common Stock in respect of such Allowed Existing LP Common Units pursuant to the Plan shall be deemed to exchange such Allowed Existing LP Common Units for shares of Existing REIT Common Stock one day prior to the Distribution Record Date on terms consistent with the existing prepetition organizational documents of the LP and the REIT with such exchange reflected on the books and records of the LP and REIT, as applicable, and with the transfer agent, as taking place on such date.²

In accordance with sections 4.11 and 4.12 of the Plan, all shares of Existing REIT Common Stock (including the Existing REIT Common Stock deemed received in Step B above) and Existing REIT Preferred Stock shall be cancelled and, in exchange therefor, the Reorganized REIT shall distribute:

to the holders of Allowed Existing REIT Common Stock whose shares were so cancelled, a percentage of the New Common Stock issued in accordance with the Restructuring Transactions equal to, in the aggregate, (x) 5.5% minus the percentage of issued and outstanding New LP Units held by the

¹	Capitalized terms used but not defined in this Exhibit shall have the meaning assigned to such terms in the Plan. The Restructuring Transactions set forth herein may be amended, modified, or supplemented from time to time prior to the Effective Date pursuant to Article XII of the Plan.

The Distribution Record Date will be five (5) Business Days prior to the date the Plan goes effective. This exchange will be deemed to take place on the day prior to the Distribution Record Date (and should not otherwise occur if the Plan does not go effective). As the Existing REIT Common Stock deemed to have been received by the holders of Allowed Existing LP Common Units will be exchanged on the Effective Date, the exchange on the day prior to the Distribution Record Date will need to be clearly reflected on the books and records of the LP and the REIT. However, the holders of Allowed Existing LP Common Units may not receive the usual evidence of the issuance of the Existing REIT Common Stock on the day prior to the Distribution Record Date, as such, the Existing REIT Common Stock will be exchanged on the Effective Date. Process to be discussed with transfer agent for this and other steps.

former holders of Existing LP Common Units immediately after the Plan Distributions, divided by (y) the REIT LP Ownership Percentage (subject to dilution in accordance with the Plan, and subject to reduction in accordance with sections 4.12(a) and 4.14(a) of the Plan, as applicable); and

ii.

to the holders of Allowed Existing REIT Preferred Stock whose shares were so cancelled, a percentage of the New Common Stock issued in accordance with the Restructuring Transactions equal to, in the aggregate, 5.5% divided by the REIT LP Ownership Percentage (subject to dilution in accordance with the Plan, and subject to reduction in accordance with sections 4.11(a) and 4.14(a) of the Plan).

The Reorganized REIT shall issue and contribute to Holdings I and Holdings II (as reorganized pursuant to the Plan, “Reorganized Holdings I” and “Reorganized Holdings II,” respectively), as a contribution to capital, an amount of New Common Stock equal to the amount of such shares that will be distributed in the Restructuring Transactions to holders of Allowed Consenting Crossholder Claims and Allowed Unsecured Claims, as described in Steps D.2 and D.3 below, and that will be deposited in a Disputed Claims reserve on account of any Disputed Unsecured Claims, as described in Step D.8 below. The portion of such shares contributed to Reorganized Holdings I and Reorganized Holdings II shall be in proportion to each entity’s respective interest in the Reorganized LP taking into account the distributions on the Effective Date.

The Reorganized LP shall cancel all outstanding Existing LP Preferred Units.

All shares of New Common Stock issued in this Step C shall be issued on the Effective Date and evidence of such issuance shall be delivered to the holders as soon as reasonably practicable thereafter.

The Reorganized LP shall cancel all outstanding Existing LP Common Units, and, in sequencing and times as determined by the Debtors or Reorganized Debtors, as applicable:

Reorganized Holdings I and Reorganized Holdings II shall each contribute the New Common Stock received in Step C.2 above to the Reorganized LP;

ii.

the Reorganized LP shall issue to Reorganized Holdings I and Reorganized Holdings II an amount of New LP Units equal to, in the aggregate, the amount of shares of New Common Stock that will be issued in accordance with the Restructuring Transactions; and

iii.

the Reorganized LP shall distribute, to holders of Allowed Existing LP Common Units that elect to receive New LP Units in accordance with section 4.10 of the Plan, a percentage of the New LP Units issued in accordance with the Restructuring Transactions equal to, in the aggregate,

the product of (x) 5.5% and (y)(A) the percentage equal to the number of Existing LP Common Units that such holders elect to exchange for New LP Units divided by (B) the number of Existing LP Common Units issued and outstanding immediately prior to the Plan Distributions (subject to reduction in accordance with section 4.14(a) of the Plan).

In satisfaction of Allowed Consenting Crossholder Claims in accordance with section 4.4 of the Plan, in sequencing and times as determined by the Debtors or Reorganized Debtors, as applicable:

the Reorganized LP shall distribute to holders of Allowed Consenting Crossholder Claims, in the aggregate, a percentage of the New Common Stock shares issued in accordance with the Restructuring Transactions equal to 10.57143% divided by the REIT LP Ownership Percentage (subject to dilution in accordance with the Plan);

ii.

the Reorganized LP shall wire $15,000,000, in the aggregate, to holders of Allowed Consenting Crossholder Claims;

iii.

the New Notes Issuer shall issue New Senior Secured Notes with aggregate principal amounts of $81,000,000 to holders of Allowed Consenting Crossholder Claims (subject to reduction pursuant to the Convertible Notes Election); and

iv.

subject to and in accordance with section 5.9 of the Plan, the New Notes Issuer shall issue New Convertible Notes to holders of Allowed Consenting Crossholder Claims that elect to receive New Convertible Notes in lieu of New Senior Secured Notes.

In satisfaction of Allowed Unsecured Claims in accordance with section 4.7 of the Plan, in sequencing and times as determined by the Debtors or Reorganized Debtors, as applicable:

The Reorganized LP shall distribute to holders of Allowed Unsecured Claims, in the aggregate, a percentage of the New Common Stock shares issued in accordance with the Restructuring Transactions equal to 78.42857% divided by the REIT LP Ownership Percentage (subject to dilution in accordance with the Plan, and subject to any such amounts being deposited in a Disputed Claims reserve in accordance with section 7.4 of the Plan);

ii.

the Reorganized LP shall wire $80,000,000, in the aggregate, to holders of Allowed Unsecured Claims (subject to any such amounts being deposited in a Disputed Claims reserve in accordance with section 7.4 of the Plan);

iii.

the New Notes Issuer shall issue New Senior Secured Notes with aggregate principal amounts of $474,000,000 to holders of Allowed Unsecured Claims (subject to reduction pursuant to the Convertible Notes Election, and

subject to any such amounts being deposited in a Disputed Claims reserve in accordance with section 7.4 of the Plan); and

iv.

subject to and in accordance with section 5.9 of the Plan, the New Notes Issuer shall issue New Convertible Notes to holders of Allowed Unsecured Claims that are Consenting Noteholders and that elect to receive New Convertible Notes in lieu of New Senior Secured Notes.

In accordance with the Commitment Letter, the New Notes Issuer shall issue the New Money Convertible Notes, in an aggregate principal amount of $50,000,000, to the Commitment Parties, and the Commitment Parties shall wire to the New Notes Issuer an aggregate of $50,000,000 in exchange therefor.

In accordance with section 4.5 of the Plan, the applicable Reorganized Debtors shall mail a check, ACH or wire, at the Debtor’s option, to each holder of an Allowed Ongoing Trade Claim that executes a Trade Agreement on or prior to the Effective Date, an amount of Cash equal to 25% of the Allowed amount of such holder’s Ongoing Trade Claim, in satisfaction of such Allowed Ongoing Trade Claim.

In satisfaction of Allowed First Lien Credit Facility Claims in accordance with section 4.3 of the Plan:

the Reorganized LP shall wire $100,000,000, in the aggregate, to holders of Allowed First Lien Credit Facility Claims, payable, first, from Cash deposited in the segregated account maintained by the Debtors pursuant to paragraph 11(a).ii of the Final Cash Collateral Order and, second, from other Cash on hand; and

ii.

the First Lien Credit Facility shall be amended and restated as the Exit Credit Facility, issued by the Exit Credit Facility Borrower to holders of Allowed First Lien Credit Facility Claims, in an aggregate principal amount of $883,700,000.

Except to the extent that a holder of an Allowed Section 510(b) Claim agrees to different treatment, in satisfaction of Allowed Section 510(b) Claims, the Reorganized REIT shall issue certain amounts of New Common Stock (which amounts shall reduce the amounts otherwise issued or distributed pursuant to Steps C.1(i) and C.1(ii)) to holders of such Allowed Section 510(b) Claims in accordance with section 4.14 of the Plan.

In accordance with section 7.4 of the Plan (if applicable), certain amounts of New Common Stock, Cash, and New Senior Secured Notes shall be deposited in one or more Disputed Claims reserves pending distribution in accordance with the Plan.

All New LP Units and shares of New Common Stock issued in this Step D shall be issued on the Effective Date and evidence of such issuance shall be delivered to the holders as soon as reasonably practicable thereafter.

On or as soon as reasonably practicable after the Effective Date, the New Board (or a committee thereof) shall adopt an equity incentive plan, which shall provide for a share reserve with respect to which awards may be granted under the plan equal to 10% of the New Common Stock (or warrants or options to purchase New Common Stock or other equity-linked securities) divided by the REIT LP Ownership Percentage on a fully diluted basis.

After the Effective Date, in accordance with section 4.5 of the Plan, the applicable Reorganized Debtors shall mail a check, ACH or wire, at the Debtor’s option, on a quarterly basis, to each holder of an Allowed Ongoing Trade Claim that executed a Trade Agreement on or prior to the Effective Date, the remaining three payments in equal Cash installments, each equal to 25% of the Allowed amount of such holder’s Allowed Ongoing Trade Claim, in satisfaction of such Allowed Ongoing Trade Claim.

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Note Third Party Non - JV Entity Joint Venture Owns Unencumbered Property Owns Property with Recourse Debt Owns Property with Non - recourse Debt A Wholly - owned Subsidiary of CBL & Associates Management, Inc. that Owns Property Colors Items Non - member Manager Equity Ownership Abbreviations MM — Managing Member GP — General Partner MGP — Managing General Partner Shapes New entity to be formed Ownership CBL & Associates HoldCo II, LLC CBL & Associates Management, Inc. Mortgage Holdings, LLC Property Name General Notes 1. Ownership assumed to be 100% unless otherwise noted. 2. Unless entity has only one member, ownership is assumed to be non - controlling unless otherwise noted. KEY LP — Limited Partner 1

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST UPPER TIER OWNERSHIP CBL & Associates Properties, Inc. (DE) CBL & Associates Limited Partnership (DE) CBL Holdings II, Inc. (DE) CBL Holdings I, Inc. (DE) CBL & Associates, Inc. (DE) & Third Parties LP CBL & Associates HoldCo I, LLC (DE) New Bank Claim Borrower CBL & Associates HoldCo II, LLC (DE) New Notes Issuer 2

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST CBL & Associates Limited Partnership (DE) Dakota Square Dakota Square Mall CMBS, LLC (DE) South County Shoppingtown LLC (DE) South County Center GROUP #1 CBL & Associates HoldCo II, LLC (DE) Northpark Mall/Joplin, LLC (DE) Northpark Mall Pledgor: 1. CBL & Associates HoldCo II, LLC Pledged Entity, Mortgagor, & Guarantor: 1. Dakota Square Mall CMBS, LLC 2. South County Shoppingtown LLC 3. Northpark Mall/Joplin, LLC 3

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP #1 CBL & Associates Management, Inc. (DE) Eastland Holding II, LLC (IL) Eastland Holding I, LLC (IL) 840 Greenbrier Circle CBL - 840 GC, LLC (VA) Laurel Park Place Laurel Park Retail Properties LLC (DE) • Stroud Mall (Fee) • Stroud Mall (Leasehold) Stroud Mall, LLC (PA) Eastland Mall (including Parcels(s) in the Main Project) Eastland Mall, LLC (DE) 0.5% Eastland Member, LLC (IL) CBL & Associates Limited Partnership (DE) Laurel Park Retail Holding LLC (MI) CBL/Stroud, Inc. (PA) CBL Pearland Residences PropCo , LLC (TX) Pearland Town Center — Residences 61.3563 % 38.6437% MM — 99.5% 0.5% MM — 99.5% 0.5% MM — 99% 1% MM — 99.5 % CBL & Associates HoldCo II, LLC (DE) Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL & Associates Management, Inc. 3. Laurel Park Retail Holding LLC 4. Eastland Holding I, LLC 5. Eastland Holding II, LLC 6. CBL/Stroud, Inc. 7. Eastland Member, LLC Mortgagor: 1. Laurel Park Retail Properties LLC 2. CBL - 840 GC, LLC 3. Eastland Mall, LLC 4. CBL Pearland Residences PropCo, LLC 5. Stroud Mall, LLC Pledged Entity & Guarantor: 1. CBL & Associates Management, Inc. 2. Laurel Park Retail Holding LLC 3. Eastland Holding I, LLC 4. Eastland Holding II, LLC 5. CBL/Stroud, Inc. 6. Eastland Member, LLC 7. Laurel Park Retail Properties LLC 8. CBL - 840 GC, LLC 9. Eastland Mall, LLC 10. CBL Pearland Residences PropCo, LLC 11. Stroud Mall, LLC 4

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Mid Rivers Mall Mid Rivers Mall CMBS, LLC (DE) Brookfield Square Brookfield Square Joint Venture (OH) York Galleria York Galleria Limited Partnership (VA) Parkway Place Parkway Place SPE, LLC (DE) Parkway Place Limited Partnership (AL) CBL/York, Inc. (PA) Dunite Acquisitions, LLC (DE) 99% LP 1% GP 2% GP & 49% LP Mid Rivers Land LLC (DE) CBL/Brookfield I, LLC (DE) CBL/Brookfield II, LLC (DE) 49% LP 19 % LP 81% MGP CBL & Associates Limited Partnership (DE) GROUP #1 CBL & Associates HoldCo II, LLC (DE) CBL & Associates Management, Inc. (DE) Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL & Associates Management, Inc. 3. CBL/York, Inc. 4. Mid Rivers Land LLC 5. CBL/Brookfield I, LLC 6. CBL/Brookfield II, LLC 7. Dunite Acquisitions, LLC 8. Parkway Place Limited Partnership Mortgagor: 1. York Galleria Limited Partnership 2. Mid Rivers Mall CBS, LLC 3. Brookfield Square Joint Venture 4. Parkway Place SPE, LLC Pledged Entity & Guarantor: 1. CBL & Associates Management, Inc. 2. Dunite Acquisitions, LLC 3. CBL/York, Inc. 4. Mid Rivers Land LLC 5. CBL/Brookfield I, LLC 6. CBL/Brookfield II, LLC 7. Parkway Place Limited Partnership 8. York Galleria Limited Partnership 9. Mid Rivers Mall CMBS, LLC 10. Brookfield Square Joint Venture 11. Parkway Place SPE, LLC 5

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP #1 Harford Mall Harford Mall Business Trust (MD) CBL & Associates Limited Partnership (DE) CBL/Nashua Limited Partnership (NH) Old Hickory Mall Old Hickory Mall Venture II, LLC (DE) 95% 5% Old Hickory II, LLC (DE) CBL/Old Hickory I, LLC (DE) Old Hickory Mall Venture (TN) CBL & Associates HoldCo II, LLC (DE) • St. Clair Square (Fee) • St. Clair Square (Leasehold) St. Clair Square SPE, LLC (DE) Meridian Mall (Leasehold) Meridian Mall Limited Partnership (MI) 99.9209% GP 0.0791% LP Mortgage Holdings, LLC (DE) Multi - GP Holdings, LLC (DE) 99% LP 1 % GP Pledgor: 1. CBL & Associates HoldCo II, LLC 2. Mortgage Holdings, LLC 3. Multi - GP Holdings, LLC 4. CBL/Nashua Limited Partnership 5. CBL/Old Hickory I, LLC 6. Old Hickory II, LLC 7. Old Hickory Mall Venture Mortgagor: 1. Harford Mall Business Trust 2. Old Hickory Mall Venture II, LLC 3. St. Clair Square SPE, LLC 4. Meridian Mall Limited Partnership Pledged Entity & Guarantor: 1. Mortgage Holdings, LLC 2. CBL/Old Hickory I, LLC 3. Old Hickory II, LLC 4. Multi - GP Holdings, LLC 5. CBL/Nashua Limited Partnership 6. Old Hickory Mall Venture 7. Harford Mall Business Trust 8. Old Hickory Mall Venture II, LLC 9. St. Clair Square SPE, LLC 10. Meridian Mall Limited Partnership 6

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Monroeville Mall — District CBL/Monroeville Expansion, L.P. (PA) Monroeville Mall and Annex CBL/Monroeville Partner, L.P. (PA) Monroeville Mall — Anchor Monroeville Anchor Limited Partnership (PA) CBL/Monroeville Expansion Partner, L.P. (PA) 99.5% LP 99.5% LP CBL/Monroeville III, LLC (PA) CBL/Monroeville II, LLC (PA) CBL/Monroeville Expansion III, LLC (PA) CBL/Monroeville Expansion II, LLC (PA) CBL/Monroeville I, LLC (DE) CBL/Monroeville Expansion I, LLC (PA) 99.5% LP 0.5% GP 0.5% GP 0.5% GP 99.5 % LP 0.5% GP CBL & Associates Limited Partnership (DE) GROUP #1 CBL & Associates HoldCo II, LLC (DE) CBL/Monroeville, L.P. (PA) Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL/Monroeville II, LLC 3. CBL/Monroeville III, LLC 4. CBL/Monroeville Expansion II, LLC 5. CBL/Monroeville Expansion III, LLC 6. CBL/Monroeville Partner, L.P. 7. CBL/Monroeville I, LLC 8. CBL/Monroeville Expansion I, LLC 9. CBL/Monroeville Expansion Partner, L.P. Mortgagor: 1. Monroeville Anchor Limited Partnership 2. CBL/Monroeville, L.P. 3. CBL/Monroeville Expansion, L.P. Pledged Entity & Guarantor: 1. CBL/Monroeville II, LLC 2. CBL/Monroeville III, LLC 3. CBL/Monroeville Expansion II, LLC 4. CBL/Monroeville Expansion III, LLC 5. Monroeville Anchor Limited Partnership 6. CBL/Monroeville Partner, L.P. 7. CBL/Monroeville I, LLC 8. CBL/Monroeville Expansion I, LLC 9. CBL/Monroeville Expansion Partner, L.P. 10. CBL/Monroeville, L.P. 11. CBL/Monroeville Expansion, L.P. 7

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST 8 SouthPark Mall — Dick’s Sporting Goods SouthPark Mall - DSG, LLC (VA) Northgate Mall Sears TBA — Outparcels Northgate SAC, LLC (TN) Pearland Town Center — Self Development (Parcel 8) Pearland - OP Parcel 8 , LLC (TX) CBL Outparcel HoldCo, LLC (DE) CBL & Associates Limited Partnership (DE) • Brookfield Square — Bluemound Road parcels (Fee)/Lifestyle Center • Brookfield Square — Bluemound Road parcels (Leasehold)/Lifestyle Center Brookfield Square Parcel, LLC (WI) East Towne Mall .— Parcel East Towne Parcel I, LLC (WI) East Towne Mall — Outparcel WI - Land Parcels, LLC (WI) Hanes Mall — Restaurants Hanes Mall Parcels, LLC (NC) Layton Hills Mall — Outparcel II LHM - Utah, LLC (DE) Northgate Mall — Outparcel TN - Land Parcels, LLC (TN) Volusia Mall — Restaurant Village Volusia - OP Peripheral, LLC (FL) GROUP #3 CBL & Associates HoldCo II, LLC (DE) Volusia Mall — Sears TBA Volusia SAC, LLC (FL) Alamance Crossing — West Alamance Crossing II, LLC (NC) Ground Leased from TX - Land Parcels, LLC Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL Outparcel HoldCo, LLC Pledged Entity: 1. CBL Outparcel HoldCo, LLC 2. Northgate SAC, LLC 3. Pearland - OP Parcel 8 , LLC 4. Southpark Mall - DSG, LLC 5. Alamance Crossing II, LLC 6. Brookfield Square Parcel, LLC 7. WI - Land Parcels, LLC 8. TN - Land Parcels, LLC 9. Volusia SAC, LLC 10. East Towne Parcel I, LLC 11. LHM - Utah, LLC 12. Volusia - OP Peripheral, LLC 13. Hanes Mall Parcels, LLC Mortgagor: None. Guarantor: 1. CBL Outparcel HoldCo, LLC 8

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST CBL Monroeville Mall OP PropCo, LLC (PA) Monroeville Mall – Parcel(s) in the Main Project CBL Northpark Mall OP PropCo, LLC (MO) Northpark Mall – Parcel(s) in the Main Project CBL Hamilton Place Sears OP PropCo, LLC (TN) Hamilton Place — Sears (Parcel(s) in Main Project) CBL Laurel Park Mall OP PropCo, LLC (MI) Laurel Park Mall Parcel(s) in the Main Project CBL Meridian Mall OP PropCo, LLC (MI) Meridian Mall – Parcel(s) in the Main Project (Leasehold) CBL Mid Rivers Mall OP PropCo, LLC (MO) Mid Rivers Mall – Parcel(s) in the Main Project CBL Coolsprings Crossing OP PropCo, LLC (TN) CoolSprings Crossing Parcel(s) in the Main Project CBL Dakota Square Mall OP PropCo, LLC (ND) Dakota Square Parcel(s) in the Main Project CBL Outparcel HoldCo, LLC (DE) CBL & Associates Limited Partnership (DE) GROUP #3 CBL & Associates HoldCo II, LLC (DE) CBL Meridian Mall OP PropCo II, LLC (MI) Meridian Mall – Parcel(s) in the Main Project (Fee) CBL Brookfield Square OP PropCo, LLC (WI) Brookfield Square – Mooreland Rd Outparcels (pending subdivision) Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL Outparcel HoldCo, LLC Pledged Entity: 1. CBL Outparcel HoldCo, LLC 2. CBL Hamilton Place Sears OP PropCo, LLC 3. CBL Laurel Park Mall OP PropCo, LLC 4. CBL Dakota Square Mall OP PropCo, LLC 5. CBL Mid Rivers Mall OP PropCo, LLC 6. CBL Brookfield Square OP PropCo, LLC 7. CBL Monroeville Mall OP PropCo, LLC 8. CBL Meridian Mall OP PropCo, LLC 9. CBL Meridian Mall OP PropCo II, LLC 10. CBL CoolSprings Crossing OP PropCo, LLC 11. CBL Northpark Mall OP PropCo, LLC Mortgagor: None. Guarantor: 1. CBL Outparcel HoldCo, LLC 9

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST CBL Southaven Towne Center OP PropCo, LLC (MS) Southaven Towne Center — Parcel(s) in the Main Project CBL St. Clair Square OP PropCo, LLC (IL) St. Clair Square — Parcel(s) in the Main Project CBL Landing at Arbor Place OP PropCo, LLC (GA) The Landing at Arbor Place — Parcel(s) in the Main Project CBL Valley View Mall OP PropCo, LLC (VA) Valley View Mall — Parcel(s) in the Main Project CBL West Towne Crossing OP PropCo, LLC (WI) West Towne Crossing (Parcel(s) in Main Project) CBL York Galleria OP PropCo, LLC (PA) York Galleria — Parcel(s) in the Main Project CBL South County Center OP PropCo, LLC (MO) South County Center — Parcel(s) in the Main Project CBL Parkdale Mall Corner Tract 4 PropCo, LLC (TX) Parkdale Mall — Corner (Self Dev. Tract 4/Pad B) CBL & Associates Limited Partnership (DE) CBL Outparcel HoldCo, LLC (DE) GROUP #3 CBL & Associates HoldCo II, LLC (DE) CBL Fayette Mall OP PropCo, LLC (KY) Fayette Mall – Parcel(s) in the Main Project (pending loan release) CBL Jefferson Mall Self Dev PropCo, LLC (KY) Jefferson Mall – Self Development Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL Outparcel HoldCo, LLC Pledged Entity: 1. CBL Outparcel HoldCo, LLC 2. CBL West Towne Crossing OP PropCo, LLC 3. CBL York Galleria OP PropCo, LLC 4. CBL Jefferson Mall Self Dev PropCo, LLC 5. CBL Parkdale Mall Corner Tract 4 PropCo, LLC 6. CBL South County Center OP PropCo, LLC 7. CBL Southaven Towne Center OP PropCo, LLC 8. CBL St. Clair Square OP PropCo, LLC 9. CBL Fayette Mall OP PropCo, LLC 10. CBL Landing at Arbor Place OP PropCo, LLC 11. CBL Valley View Mall OP PropCo, LLC Mortgagor: None. Guarantor: 1. CBL Outparcel HoldCo, LLC 10

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST CBL & Associates Limited Partnership (DE) West Towne Mall — Restaurant District West Towne District, LLC (WI) CBL Dakota Square Mall OP PropCo III, LLC (ND) Dakota Square — Mgmt GL Parcels CBL Shops at EastGate PropCo, LLC (OH) EastGate Mall — Shops at EastGate CBL Kirkwood Mall OP PropCo, LLC (ND) Kirkwood Mall — Mgmt GL Parcels CBL Layton Hills Mall OP PropCo, LLC (UT) Layton Hills Mall — Mgmt GL Parcels CBL Pearland Town Center OP PropCo II, LLC (TX) Pearland Town Center — Mgmt GL Parcels CBL Parkdale Mall Corner OP PropCo, LLC (TX) Parkdale Mall — Mgmt GL Parcels CBL Northpark Mall OP PropCo III, LLC (MO) Northpark Mall — Mgmt GL Parcels CBL Mayfaire Town Center OP PropCo, LLC (NC) Mayfaire Town Center — Mgmt GL Parcels CBL South County Center OP PropCo II, LLC (MO) South County Center — Mgmt GL Parcels CBL Post Oak Mall OP PropCo, LLC (TX) Post Oak Mall — Mgmt GL Parcels GROUP #3 CBL & Associates HoldCo II, LLC (DE) CBL Outparcel HoldCo, LLC (DE) Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL Outparcel HoldCo, LLC Pledged Entity: 1. CBL Outparcel HoldCo, LLC 2. CBL Pearland Town Center OP PropCo II, LLC 3. CBL Parkdale Mall Corner OP PropCo, LLC 4. CBL Northpark Mall OP PropCo III, LLC 5. CBL Mayfaire Town Center OP PropCo, LLC 6. CBL South County Center OP PropCo II, LLC 7. CBL Post Oak Mall PropCo, LLC 8. CBL Dakota Square Mall OP PropCo III, LLC 9. CBL Shops at EastGate PropCo, LLC 10. West Towne District, LLC 11. CBL Kirkwood Mall OP PropCo, LLC 12. CBL Layton Hills Mall OP PropCo, LLC Mortgagor: None. Guarantor: 1. CBL Outparcel HoldCo, LLC 11

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST CBL Cross Creek Sears OP PropCo , LLC (NC) Cross Creek Sears – Parcel(s) in the Main Project CBL Outparcel HoldCo, LLC (DE) CBL & Associates Limited Partnership (DE) GROUP #3 CBL & Associates HoldCo II, LLC (DE) Hamilton Place — Sears Hamilton Place Anchor S, LLC (DE) Parkdale Mall — Macy’s Parkdale Anchor M, LLC (TX) Mall del Norte TX Outparcel TX - Land Parcels, LLC (TX) Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL Outparcel HoldCo, LLC Pledged Entity: 1. CBL Outparcel HoldCo, LLC 2. Hamilton Place Anchor S, LLC 3. Parkdale Anchor M, LLC 4. TX - Land Parcels, LLC 5. CBL Cross Creek Sears OP PropCo, LLC Mortgagor: None. Guarantor: 1. CBL Outparcel HoldCo, LLC 12

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP #3 Eastland Mall — Macy’s Eastland Anchor M, LLC (IL) Jefferson Mall — Macy ’ s Round 1 Jefferson Anchor M, LLC (IL) Jefferson Mall — Sears Jefferson Anchor S, LLC (KY) CBL & Associates HoldCo II, LLC (DE) 99.5% Cross Creek Anchor S GP, LLC (NC) Cross Creek Mall — Sears Cross Creek Anchor S, LP (NC) GP — 0.5% CBL Outparcel HoldCo, LLC (DE) CBL & Associates Limited Partnership (DE) Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL Outparcel HoldCo, LLC 3. Cross Creek Anchor S GP, LLC Pledged Entity: 1. CBL Outparcel HoldCo, LLC 2. Cross Creek Anchor S, LP 3. Eastland Anchor M, LLC 4. Jefferson Anchor M, LLC 5. Jefferson Anchor S, LLC Mortgagor: None. Guarantor: 1. CBL Outparcel HoldCo, LLC 2. Cross Creek Anchor S GP, LLC 13

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP # 3 Courtyard at Hickory Hollow The Courtyard at Hickory Hollow Limited Partnership (DE) Tenn - GP Holdings, LLC (TN) Coolsprings Crossing Coolsprings Crossing Limited Partnership (TN) CBL Holdings II, Inc. (DE) CBL Holdings I, Inc. (DE) CBL & Associates, Inc. (DE) & Third Parties CBL & Associates Limited Partnership (DE) 96.4629% LP 0.1 % LP 98.9% LP 99% LP CBL & Associates Properties, Inc. (DE) CBL & Associates HoldCo II, LLC (DE) GP — 1 % 2.54% LP 0.9982% GP CBL CoolSprings Crossing HoldCo GP, LLC (TN) CBL Outparcel HoldCo, LLC (DE) 1% GP CBL Sunrise Commons PropCo, LLC (TX) Sunrise Commons West Towne Crossing Madison Joint Venture, LLC (WI) Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL Outparcel HoldCo, LLC 3. CBL CoolSprings Crossing HoldCo GP, LLC 4. Tenn - GP Holdings, LLC Pledged Entity: 1. CBL Outparcel HoldCo, LLC 2. CBL CoolSprings Crossing HoldCo GP, LLC 3. CoolSprings Crossing Limited Partnership 4. CBL Sunrise Commons PropCo, LLC 5. Tenn - GP Holdings, LLC 6. The Courtyard at Hickory Hollow Limited Partnership 7. Madison Joint Venture, LLC Mortgagor: None. Guarantor: 1. CBL CoolSprings Crossing HoldCo GP, LLC 2. Tenn - GP Holdings, LLC 3. CBL Outparcel HoldCo, LLC 14

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP #3 Gunbarrel Pointe Gunbarrel Commons, LLC (TN) CBL & Associates Limited Partnership (DE) CBL Frontier Square PropCo, LLC (WY) Frontier Square Shoppes @ St. Clair Shoppes at St. Clair CMBS, LLC (DE) The Plaza at Fayette (including Parcel(s) in Main Project and Johnny Carino’s Redevelopment) Fayette Plaza CMBS, LLC (DE) CBL & Associates HoldCo II, LLC (DE) The Landing at Arbor Place The Landing at Arbor Place II, LLC (DE) CBL Harford Mall Annex PropCo, LLC (MD) Harford Mall - Annex CBL Outparcel HoldCo, LLC (DE) CBL Westgate Crossing PropCo, LLC (SC) Sunrise Commons Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL Outparcel HoldCo, LLC Pledged Entity: 1. CBL Outparcel HoldCo, LLC 2. Gunbarrel Commons, LLC 3. Shoppes at St. Clair CMBS, LLC 4. The Landing at Arbor Place II, LLC 5. CBL Harford Mall Annex PropCo, LLC 6. Fayette Plaza CMBS, LLC 7. CBL Westgate Crossing PropCo, LLC 8. CBL Frontier Square PropCo, LLC Mortgagor: None. Guarantor: 1. CBL Outparcel HoldCo, LLC 15

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Supplemental Key for this Chart only MOSCM, LLC MOSCI, LLC GROUP #4 Mall of South Carolina Limited Partnership (SC) Coastal Grand Mall and District Coastal Grand CMBS, LLC (DE) Coastal Grand Mall — Dick ’ s Sporting Goods Coastal Grand - DSG, LLC (SC) Coastal Grand Outparcel – Fee Outparcels Coastal Grand Outparcel CMBS, LLC (DE) Mall of South Carolina Outparcel Limited Partnership (SC) • Coastal Grand OP (Fee) • Coastal Grand OP (Leasehold) CBL & Associates Limited Partnership (DE) Burroughs & Chapin Company, Inc. (SC) Myrtle Beach Farms Company, Inc. (SC) MOSCM, LLC (SC) MOSCI, LLC (SC) CBL/MSC, LLC (SC) CBL/MSC II, LLC (SC) CBL & Associates Management, Inc. (DE) MGP — 1% & LP — 49% 0.1% LP MGP — 1 % & LP — 49 % 48.9% LP 1% GP CBL & Associates HoldCo II, LLC (DE) 0.1% LP 48.9 % LP 1% GP Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL & Associates Management, Inc. 2. CBL/MSC II, LLC 3. CBL/MSC, LLC 16

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP #4 Oak Park Holding I, LLC (KS) MM — 99.5 % 0.5% West County Center West County Mall CMBS, LLC (DE) Oak Park Mall Oak Park Mall, LLC (DE) CoolSprings Galleria CoolSprings Mall, LLC (DE) CoolSprings Macy ’ s Outparcel (leasehold) CoolSprings GL Parcel, LLC (TN) CBL & Associates Limited Partnership (DE) CBL/T - C, LLC (DE) 50% West County Shoppingtown LLC (DE) CBL & Associates Management, Inc. (DE) The Galleria Associates, L.P. (TN) CBL Holdings II, Inc. (DE) CBL Holdings I, Inc. (DE) CBL & Associates, Inc. (DE) & Third Parties CBL & Associates Properties, Inc. (DE) MM — 33.1464488% 16.8535512% GP — 99.9% 0.1% LP CBL & Associates HoldCo II, LLC (DE) 2.54% LP 0.9982% GP 96.4629 % LP T - C Midwest Retail LLC (DE) Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. The Galleria Associates, L.P. 2. CBL & Associates Management, Inc. 3. Oak Park Holding I, LLC 17

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Friendly Shopping Center CBL - Friendly Center CMBS, LLC (DE) Teachers ’ Retirement System of the State of Illinois (IL) MM — 50% 50% CBL - Friendly Center, LLC (NC) CBL & Associates Limited Partnership (DE) TR CBL - TRS I, LLC (DE) CBL - TRS Member I, LLC (DE) CBL - TRS Joint Venture, LLC (DE) Shops at Friendly Center — Phase I and II CBL - Shops at Friendly II, LLC (DE) CBL - Shops at Friendly, LLC (DE) Friendly Center — Belk Homestore CBL - Offices at Friendly, LLC (NC) GROUP # 4 CBL & Associates HoldCo II, LLC (DE) Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL - TRS Member I, LLC 18

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST BI Developments II, LLC (TN) Northgate Mall – Sears BI Developments, LLC (TN) Northgate Mall — JCP CBL Laredo Member, LLC (TX) Outlet Shoppes at Laredo Laredo Outlet Shoppes, LLC (DE) CBL & Associates Limited Partnership (DE) MM — 65% 35% Class B Member GROUP #4 Supplemental Key for this Chart only Horizon Private Equity III, LLC Wolftever II, LLC CBL & Associates Management, Inc. (DE) Laredo Outlet JV, LLC (DE) Wolftever II, LLC (TN) Lawrence A. Friedman El Portal Center LLC (DE) Horizon Private Equity III, LLC CBL BI Developments II Member, LLC (TN) CBL BI Developments Member, LLC (TN) 20% 20% MM — 30% 50 % 40% CBL & Associates HoldCo II, LLC (DE) MM — 40 % Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL & Associates Management, Inc. 2. CBL BI Developments Member, LLC 3. CBL BI Developments II Member, LLC 4. CBL Laredo Member, LLC 19

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Atlanta Outlet Outparcels, LLC (DE) Outlet Shoppes at Atlanta — Outparcel Outlet Shoppes at Atlanta — Tract 1A Atlanta Outlet Shoppes, LLC (DE) Atlanta Outlet JV, LLC (DE) Outlet Shoppes at Atlanta — Tract 1B and Others Outlet Shoppes at Atlanta — Tract 1A1 Atlanta Outlet Shoppes II, LLC (DE) CBL & Associates Limited Partnership (DE) Horizon Group Properties, Inc. (MD) Horizon Group Properties, L.P. (DE) CBL Woodstock Outparcel Member, LLC (GA) CBL & Associates Management, Inc. (DE) CBL Woodstock Member, LLC (GA) 35% Pleasant Lake - Skoien Investments, LLC (DE) Horizon Atlanta Outlet Shoppes, LLC (DE) 7.611% MM — 50% 7.389 % MM — 48.3% 35% MM — 65% Pleasant Lake Apts., Corp. Pleasant Lake Apts., LP (OH) GROUP #4 CBL & Associates HoldCo II, LLC (DE) Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL & Associates Management, Inc. 2. CBL Woodstock Member, LLC 3. CBL Woodstock Outparcel Member, LLC 20

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST See prior pages for more detailed ownership of 3 rd party entities Supplemental Key for this Chart only Pleasant Lake Apts., LP Pleasant Lake - Skoien Investments, LLC Horizon El Paso, LLC El Paso Outlet Outparcels, LLC (DE) Outlet Shoppes at El Paso — OP El Paso Outlet Outparcels II, LLC (DE) Outlet Shoppes at El Paso — OP II El Paso Outlet Center II, LLC (DE) Outlet Shoppes at El Paso — 0.2763 Acre Tract Outlet Shoppes at El Paso — . Phase I and Phase II El Paso Outlet Center CMBS, LLC (DE) El Paso Outlet Center, LLC (DE) CBL El Paso Outparcel Member, LLC (TX) CBL & Associates Limited Partnership (DE) CBL & Associates Management, Inc. (DE) Horizon El Paso, LLC (DE) CBL El Paso Member, LLC (DE) El Paso Outlet Center Holding, LLC (DE) El Paso Outlet Center Manager, Inc. (DE) MM — 0.5% 11.75% 4.9167% 50% MM — 50 % 99.5% Pleasant Lake - Skoien Investments, LLC (DE) Pleasant Lake Apts., LP (OH) MM — 33.333% 25% 17.625% 7.375% GROUP # 4 CBL & Associates HoldCo II, LLC (DE) MM — 50% 50 % 25% MM — 75% Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL & Associates Management, Inc. 2. CBL El Paso Outparcel Member, LLC 3. CBL El Paso Member, LLC 21

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Gettysburg Outlet Center GP, Inc. (DE) GROUP # 4 See prior pages for more detailed ownership of 3 rd party entities Supplemental Key for this Chart only Individual Retirement Account of Thomas Berlin Equity Trust Company, custodian Pleasant Lake - Skoien Investments, LLC Horizon Group Properties, L.P. Gettysburg Outlet Center, LLC (DE) Outlet Shoppes at Gettysburg — Phase II CBL & Associates Limited Partnership (DE) CBL Gettysburg Member, LLC (DE) Horizon Group Properties, L.P. (DE) Pleasant Lake - Skoien Investments, LLC (DE) Individual Retirement Account of Thomas Berlin, Equity Trust Company, custodian 1 % GP Outlet Shoppes at Gettysburg — Phase I Gettysburg Outlet Center CMBS, LLC (DE) Gettysburg Outlet Center Holding, LLC (DE) Gettysburg Outlet Center, LP (PA) 99% LP 1.0987% 29.8426% 1.0987 % 29.8426% 19.0587% MM — 50 % 19.0587% MM — 50% CBL & Associates HoldCo II, LLC (DE) Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL Gettysburg Member, LLC 22

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST CBL & Associates Limited Partnership (DE) Outlet Shoppes of the Bluegrass Bluegrass Outlet Shoppes CMBS, LLC (DE) Outlet Shoppes of the Bluegrass — Phase II Bluegrass Outlet Shoppes II, LLC (KY) Louisville Outlet Shoppes, LLC (DE) Outlet Shoppes of the Bluegrass — OP Tract 11 Horizon Louisville Outlets, LLC (DE) CBL Louisville Member, LLC (KY) MM — 50% 50% GROUP #4 CBL & Associates HoldCo II, LLC (DE) Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL Louisville Member, LLC 23

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP #4 Adam J. Ellsworth CBL & Associates Limited Partnership (DE) CBL HP Self Storage Member, LLC (TN) CBL & Associates Management, Inc. (DE) EastGate Storage, LLC (OH) Eastgate Mall — Self Storage Self Storage at Mid Rivers, LLC (MO) Mid Rivers — Self Storage Cincinnati Self Storage JV III, LP (TN) Mid Rivers Self Storage JV, LP (TN) Beaumont Self Storage JV, LP (TX) Cincinnati Self Storage JV III GP, LLC (OH) Mid Rivers Self Storage JV GP, LLC (OH) Beaumont Self Storage GP, LLC (TX) Parkdale Self Storage, LLC (TX) Parkdale Mall — Self Storage MM — 50% MM — 50% MM — 50% CBL & Associates HoldCo II, LLC (DE) Chattanooga Self Storage JV, LP (TN) Chattanooga Self Storage JV GP, LLC (TN) Hamilton Place Self Storage, LLC (TN) Hamilton Place — Self Storage 50% MM — 40.02% The Holland Ashley Conner Family Trust The Lewis Forrest Conner Family Trust 50% 59.98% 50 % 5% 5% MM — 90% Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL & Associates Management, Inc. 24

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST • York Town Center • York Town Center — Former Pier 1 York Town Center Holding, LP (PA) York Town Center, LP (PA) York Town Center Holding GP, LLC (DE) GP — 0.001% 99.999 % CBL & Associates Limited Partnership (DE) High Real Estate Group, LLC (PA) High Family General Corporation CBL/Penn Investments, LLC (DE) York Town Center GP, LLC (DE) High Family Partnership I, LP (PA) CBL/York Town Center, LLC (DE) 38.9 % GP — 0.1% 49.9% GP — 0.1 % CBL/York Town Center GP, LLC (DE) GROUP #4 CBL & Associates HoldCo II, LLC (DE) 11% Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL/York Town Center GP, LLC 2. CBL/York Town Center, LLC 3. CBL/Penn Investments, LLC 25

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Ambassador Town Center JV, L.L.C. (LA) Ambassador Town Center CBL & Associates Management, Inc. (DE) CBL Ambassador Member, LLC (LA) CBL Fremaux Member, LLC (DE) CBL & Associates Limited Partnership (DE) Stirling - Levis, L.L.C. (DE) Stirling Ambassador Partners, L.L.C. (LA) Fremaux Town Center Phase I and II Fremaux Town Center SPE, LLC (DE) Fremaux Town Center JV, LLC (DE) 35% MM — ~ 86 % ~14% MM — 65% 35 % MM — 65% GROUP #4 CBL & Associates HoldCo II, LLC (DE) Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL Fremaux Member, LLC 2. CBL & Associates Management, Inc. 3. CBL Ambassador Member, LLC 26

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP # 4 Hammock Landing/West Melbourne, LLC (FL) The Pavilion at Port Orange, LLC (FL) Pavilion at Port Orange — Phase I Port Orange Town Center LLC (DE) Ogdensburg LLC (NY) CBL & Associates Limited Partnership (DE) West Melbourne I, LLC (DE) MM — 50 % George I. Gellman Irrevocable Trust Clarke H. Narins Irrevocable Trust Benchmark Sunrise Properties, Inc. Arthur M. Gellman Irrevocable Trust MJDB Real Estate Holdings, LLC Hammock Landing — Phase I West Melbourne Town Center LLC (DE) Hammock Landing — Phase II West Melbourne Holdings II, LLC (FL) Hammock Landing Associates, LP (DE) John Rehak, Jr. MJDB Real Estate Holdings, LLC CBL & Associates Management, Inc. (DE) MM — 91.09% Port Orange I, LLC (FL) 26 1 / 3 % 26 1/3% 45.71% MM — 54.29% GP — 1% 26 1 / 3 % 10% 10% 50 % 9.91% 40% 5% MM — 50% 5 % CBL & Associates HoldCo II, LLC (DE) John Rehak, Jr. Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL & Associates Management, Inc. 2. The Pavilion at Port Orange, LLC 3. Hammock Landing/West Melbourne, LLC 27

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Encumbered by internal loan The Promenade D’Iberville, LLC (MS) Promenade at D ’ Iberville Shoppes at Eagle Point, LLC (TN) Shoppes at Eagle Point CBL Eagle Point Member, LLC (DE) CBL - D’Iberville Member, LLC (MS) D’Iberville Promenade, LLC (GA) CHM Browning, LLC (TN) CBL & Associates Limited Partnership (DE) CBL & Associates Management, Inc. (DE) 15% CM — 99.5 % 0.5% MM — 96.5% MM — 85% MM — 50% 50 % 3.5% GROUP #4 CBL & Associates HoldCo II, LLC (DE) Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL & Associates Management, Inc. 2. CBL - D’Iberville Member, LLC 3. CBL Eagle Point Member, LLC 28

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP # 4 Northwoods Mall Northwoods Mall CMBS, LLC (DE) Alamance Crossing — East Alamance Crossing CMBS, LLC (DE) Jefferson Mall Jefferson Mall CMBS, LLC (DE) Arbor Place Main Mall (Arbor Place II, LLC) Arbor Place II, LLC (DE) Brookfield Square — Sears and Street Shops Brookfield Square Anchor S, LLC (WI) CBL & Associates Limited Partnership (DE) North Charleston Joint Venture II, LLC (DE) Alamance Crossing, LLC (NC) Jefferson Mall Company II, LLC (DE) CW Joint Venture, LLC (DE) CBL Brookfield Sears & Street Shops HoldCo, LLC (WI) CBL & Associates HoldCo II, LLC (DE) GP — 1% MM — 81.99 % 18.01% 99% Multi - GP Holdings, LLC (DE) Arbor Place Limited Partnership (GA) Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. Multi - GP Holdings, LLC 2. Arbor Place Limited Partnership 3. Alamance Crossing, LLC 4. CW Joint Venture, LLC 5. CBL Brookfield Sears & Street Shops HoldCo, LLC 6. Jefferson Mall Company II, LLC 7. North Charleston Joint Venture II, LLC 29

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Parkdale Crossing Limited Partnership (TX) Fayette Mall Fayette Mall SPE, LLC (DE) Parkdale Mall Parkdale Mall CMBS, LLC (DE) • Parkdale Crossing (including Lifeway Christian Redevelopment) Parkdale Crossing CMBS, LLC (DE) Lexington Joint Venture (OH) Parkdale Mall, LLC (TX) CBL/Parkdale Crossing, L.P. (TX) CBL & Associates Limited Partnership (DE) MGP — 97.81% 2.19 % MM — 0.05% 99.95% 0.1 % GP 99.9% LP CBL/Fayette II, LLC (DE) CBL/Fayette I, LLC (DE) CBL/J I, LLC (DE) Parkdale Mall Associates, L.P. (TX) CBL/Parkdale Mall GP, LLC (DE) CBL/Parkdale, LLC (TX) CBL/Parkdale Crossing GP, LLC (DE) 0.1% GP GROUP #4 CBL & Associates HoldCo II, LLC (DE) 99.95% LP 99.9 % LP GP — 0.05% Fayette Mall – Sears Renovation Fayette Middle Anchor, LLC (KY) Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL/J I, LLC 2. CBL/Parkdale, LLC 3. CBL/Parkdale Crossing GP, LLC 4. CBL/Parkdale Mall GP, LLC 5. Parkdale Mall Associates, L.P. 6. Parkdale Crossing Limited Partnership 7. CBL/Fayette I, LLC 8. CBL/Fayette II, LLC 9. Lexington Joint Venture 10. Parkdale Mall, LLC 11. CBL/Parkdale Crossing, L.P. 30

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST 99.5 % LP Cross Creek Mall Cross Creek Mall SPE, L.P. (NC) Cross Creek Mall, LLC (NC) CBL Holdings II, Inc. (DE) CBL Holdings I, Inc. (DE) CBL & Associates, Inc. (DE) & Third Parties CBL & Associates Limited Partnership (DE) CBL & Associates Properties, Inc. (DE) CBL/GP, Inc. (WY) CBL/GP Cary, Inc. (NC) Henderson Square Limited Partnership (NC) 99.3468% LP 0.0385% LP 99% 0.1937% LP 0.4210 % GP Volusia Mall GP, Inc. (NY) CBL & Associates Management, Inc. (DE) Volusia Mall Limited Partnership (NY) Volusia Mall Volusia Mall, LLC (FL) CBL/GP II, Inc. (WY) WestGate Mall Limited Partnership (SC) Westgate Mall WestGate Mall CMBS, LLC (DE) 1% GP Seacoast Shopping Center Limited Partnership (NH) Southpark Mall Southpark Mall CMBS, LLC (DE) Mortgage Holdings, LLC (DE) GP — 1% 1 % GP 99% LP 99.9% GP 0.1 % LP Volusia Mall Member SPE, LLC (DE) WestGate Mall II, LLC (DE) Southpark Mall, LLC (VA) GROUP #4 CBL & Associates HoldCo II, LLC (DE) 2.54% LP 0.9982% GP 96.4629 % LP Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL & Associates Management, Inc. 2. CBL/GP Cary, Inc. 3. CBL/GP, Inc. 4. CBL/GP II, Inc. 5. Mortgage Holdings, LLC 6. Henderson Square Limited Partnership 7. Volusia Mall GP, Inc. 8. Volusia Mall Limited Partnership 9. Westgate Mall Limited Partnership 10. Seacoast Shopping Center Limited Partnership 11. Cross Creek Mall, LLC 12. Volusia Mall Member SPE, LLC 13. Westgate Mall II, LLC 14. Southpark Mall, LLC 31

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Supplemental Key for this Chart only Cafaro Governor’s Square Partnership Montgomery Partners, L.P. GROUP # 4 Governor’s Square Company (TN) Governor’s Square Governor’s Square Company IB (TN) Governor’s Square Plaza CBL & Associates Limited Partnership (DE) Cafaro Governor's Square Partnership (OH) CBL/GP VI, Inc. (TN) CBL & Associates Management, Inc. (DE) Donald J. DeSalvo Montgomery Partners, L.P. (TN) 99% MGP — 47.5% 47.5 % 5% 50% MGP — 50 % GP — 1% CBL & Associates HoldCo II, LLC (DE) Kentucky Oaks Mall Company (OH) Kentucky Oaks William A. Cafaro, Anthony M. Cafaro, Jr., Mark J. Beck, Co - Trustees of the Anthony M. Cafaro Irrevocable Trust Anthony M. Cafaro, Trustee of the Revocable Family Trust CBL/Kentucky Oaks, LLC (DE) The Marion Plaza, Inc. (DE) GP — 10% MGP — 30% 50% LP GP — 10% Pledgor: None. Pledged Entity: None. Mortgagor: None. Guarantor: 1. CBL & Associates Management, Inc. 2. CBL/GP VI, Inc. 3. Montgomery Partners, L.P. 4. CBL/Kentucky Oaks, LLC 32

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP #4 Louisville Outlet Outparcels, LLC (DE) Outlet Shoppes of the Bluegrass — OP Tract 8 CBL & Associates Management, Inc. (DE) CBL & Associates Limited Partnership (DE) CBL Louisville Outparcel Member, LLC (KY) Horizon Louisville Outlets, LLC (DE) MM — 65 % 35% CBL & Associates HoldCo II, LLC Continental 425 Fund LLC (WI) Pavilion at Port Orange West JV — Apts CBL & Associates Management, Inc. (DE) Continental 460 Fund LLC (WI) Continental Properties Company, Inc. (WI) Port Orange Holdings II, LLC, (FL) Various Investors 435 Investor Units 315 Investor Units MM — 250 Continental Units Statesboro Crossing, LLC (GA) Statesboro — Land CBL Statesboro Member, LLC (GA) ESR Statesboro, LLC (GA) MM — 50% 50% 24.72% CM — 75.28% Guarantor: 1. CBL & Associates Management, Inc. 2. Port Orange Holdings II, LLC 3. CBL Statesboro Member, LLC 4. CBL Louisville Outparcel Member, LLC Pledgor: None. Pledged Entity: None. Mortgagor: None. 33

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST CBL & Associates Limited Partnership (DE) GROUP #4 Asheville Mall Asheville Mall CMBS, LLC (DE) Eastgate Mall Eastgate Mall CMBS, LLC (DE) Greenbrier Mall Greenbrier Mall II, LLC (DE) Asheville, LLC (NC) CBL/Eastgate Mall, LLC (DE) Eastgate Company (OH) CBL/Eastgate I, LLC (DE) CBL/Eastgate II, LLC (DE) CBL/J II, LLC (DE) CW Joint Venture, LLC (DE ) Arbor Place Limited Partnership (GA) 81.99% Multi - GP Holdings, LLC (DE) 1% GP 99% LP CBL & Associates HoldCo II, LLC (DE) 18.01% 53.8475% 46.1525 % Guarantor: 1. Asheville, LLC 2. CBL/Eastgate Mall, LLC 3. Eastgate Company 4. CBL/Eastgate I, LLC 5. CBL/Eastgate II, LLC 6. CBL/J II, LLC 7. CW Joint Venture, LLC 8. Arbor Place Limited Partnership 9. Multi - GP Holdings, LLC Pledgor: None. Pledged Entity: None. Mortgagor: None. 34

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST CBL & Associates Limited Partnership (DE) GROUP #4 Park Plaza Mall Park Plaza Mall CMBS, LLC (DE) CW Joint Venture, LLC (DE ) Arbor Place Limited Partnership (GA) 81.99% Multi - GP Holdings, LLC (DE) 1 % GP 99% LP CBL & Associates HoldCo II, LLC (DE) 18.01 % CBL/Park Plaza Mall, LLC (DE) CBL/Park Plaza, Limited Partnership (AR) CBL/Park Plaza GP, LLC (AR) 0.1% GP 99.9 % LP Guarantor: 1. CBL/Park Plaza Mall, LLC 2. CBL/Park Plaza, Limited Partnership 3. CBL/Park Plaza GP, LLC 4. CW Joint Venture, LLC 5. Arbor Place Limited Partnership 6. Multi - GP Holdings, LLC Pledgor: None. Pledged Entity: None. Mortgagor: None. 35

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Supplemental Key for this Chart only The Lewis Forrest Conner Family Trust The Holland Ashley Conner Family Trust CBL & Associates Limited Partnership (DE) GROUP #4 CBL & Associates HoldCo II, LLC (DE) Vision - CBL Hamilton Place, LLC (TN) Hamilton Place — ALOFT Hotel CBL HP Hotel Member, LLC (TN) Vision Fund I, LLC (DE) Vision Fund Manager, LLC (DE) Vision Fund Hamilton, LLC (GA) MM — 50% 50% Mitul I. Patel Guarantor: 1. CBL HP Hotel Member, LLC Pledgor: None. Pledged Entity: None. Mortgagor: None. 36

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Lebcon Associates (TN) Bassam Issa CBL Lebcon HoldCo, LLC (TN) The Holland Ashley Conner Family Trust The Lewis Forrest Conner Family Trust CBL Bullseye Member, LLC (TN) Amin Issa CBL & Associates Limited Partnership (DE) 5 % LP 25% 20% MM . 5 5 % GROUP #4 CBL & Associates HoldCo II, LLC (DE) Bullseye, LLC (TN) Hamilton Corner — AAA Parcel Hamilton Place — Lebcon (Land) CBL Lebcon HoldCo LP, LLC (DE) 1% GP 89 % LP 5% LP Pledgor: None. Pledged Entity: None Mortgagor: None. Guarantor: 1. CBL Lebcon HoldCo, LLC 2. CBL Lebcon HoldCo LP, LLC 37

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP #7 Hamilton Corner Hamilton Corner CMBS General Partnership (TN) CBL Lebcon HoldCo, LLC (TN) The Holland Ashley Conner Family Trust The Lewis Forrest Conner Family Trust Hamilton Corner GP I, LLC (DE) Hamilton Corner GP II, LLC (DE) CBL & Associates Limited Partnership (DE) MGP . 5% 95 % CBL & Associates HoldCo II, LLC (DE) Lebcon Associates (TN) CBL Lebcon HoldCo LP, LLC (DE) Hamilton Crossing and Expansion Hamilton Crossing CMBS, LLC (DE) Lebcon I, Ltd. (TN) The Holland Ashley Conner Family Trust The Lewis Forrest Conner Family Trust CBL Lebcon I HoldCo, LLC (TN) CBL Lebcon I HoldCo LP, LLC (DE) 5% LP 5% LP 89 % LP 1% GP 91% LP 1 % GP 4% LP 4% LP Pledgor: None. Pledged Entity: None Mortgagor: None. Guarantor: 1. CBL Lebcon HoldCo, LLC 2. CBL Lebcon HoldCo LP, LLC 3. CBL Lebcon I HoldCo, LLC 4. CBL Lebcon I HoldCo LP, LLC 38

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Supplemental Key for this Chart only The Lewis Forrest Conner Family Trust The Holland Ashley Conner Family Trust CBL Terrace Limited Partnership (TN) The Terrace CBL & Associates Limited Partnership (DE) CBL & Associates Management, Inc. (DE) 91% LP 1% GP 91 % LP The Holland Ashley Conner Family Trust The Lewis Forrest Conner Family Trust Development Options, Inc. (WY) CBL Jarnigan HoldCo, LLC (DE) CBL/GP V, Inc. (TN) CBL Terrace HoldCo, LLC (DE) 4% LP 4 % LP 4% LP 1% GP GROUP #7 CBL & Associates HoldCo II, LLC (DE) Jarnigan Road Limited Partnership (TN) Hamilton Place — Regal Cinema CBL Entertainment Parcel, LLC (TN) The Shoppes at Hamilton Place The Shoppes at Hamilton Place, LLC (TN) 4% LP Pledgor: None. Pledged Entity: None Mortgagor: None. Guarantor: 1. CBL & Associates Management, Inc. 2. CBL Jarnigan HoldCo, LLC 3. Development Options, Inc. 4. CBL/GP V, Inc. 5. CBL Terrace HoldCo, LLC 39

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Supplemental Key for this Chart only The Lewis Forrest Conner Family Trust The Holland Ashley Conner Family Trust Jarnigan Road II, LLC (DE) CBL Center — Phase I & II CBL & Associates Limited Partnership (DE) CBL & Associates Management, Inc. (DE) 1% The Holland Ashley Conner Family Trust The Lewis Forrest Conner Family Trust Development Options, Inc. (WY) 4% GROUP #7 CBL & Associates HoldCo II, LLC (DE) 4% 91% CBL Center HoldCo, LLC (DE) Pledgor: None. Pledged Entity: None Mortgagor: None. Guarantor: 1. CBL & Associates Management, Inc. 2. CBL Center HoldCo, LLC 3. Development Options, Inc. 40

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST Hamilton Place Mall and OP Hamilton Place CMBS, LLC (DE) Lebcon Associates (TN) CBL Lebcon HoldCo, LLC (TN) The Holland Ashley Conner Family Trust The Lewis Forrest Conner Family Trust CBL & Associates Limited Partnership (DE) 5% LP GROUP # 7 CBL & Associates HoldCo II, LLC (DE) Hamilton Place — Lebcon (Land) CBL Lebcon HoldCo LP, LLC (DE) 1% GP 89% LP 5% LP Pledgor: None. Pledged Entity: None Mortgagor: None. Guarantor: 1. CBL Lebcon HoldCo, LLC 2. CBL Lebcon HoldCo LP, LLC 41

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP # 8 CBL Arbor Place Mgmt OP PropCo, LLC (GA) Arbor Place — OP CBL & Associates Management, Inc. (DE) Hickory Point Mall — OP Hickory Point Outparcels, LLC (IL) CBL & Associates Limited Partnership (DE) Imperial Valley Mall — OP Imperial Valley Peripheral, L.P. (CA) MGP — 1.5% IV Outparcels, LLC (CA) CBL & Associates HoldCo II, LLC (DE) 98.5% LP CBL Alamance Crossing Mgmt OP PropCo, LLC (NC) Alamance Crossing — OP CBL Management HoldCo, LLC (DE) CBL Landing at Arbor Place Mgmt OP PropCo , LLC (GA) The Landing at Arbor Place — OP CBL Jacksonville Regal Cinema Mgmt PropCo, LLC (FL) Jacksonville Regal Cinema Mgmt CBL Port Orange Holdings II Mgmt OP PropCo, LLC (FL) Pavilion at Port Orange - Phase II CBL Meridian Mall Township PropCo, LLC (MI) • Meridian Mall — Land E. Lansing (leasehold interest) • Meridian Mall — Township Property (leasehold interest) • Meridian Mall Management Fee Parcel Pledgor: 1. CBL & Associates Management, Inc. 2. CBL Management HoldCo, LLC 3. IV Outparcels, LLC Pledged Entity: 1. CBL Management HoldCo, LLC 2. CBL Alamance Crossing Mgmt OP PropCo, LLC 3. CBL Port Orange Holdings II Mgmt OP PropCo, LLC 4. CBL Jacksonville Regal Cinema Mgmt PropCo, LLC 5. IV Outparcels, LLC 6. CBL Meridian Mall Township PropCo, LLC 7. CBL Arbor Place Mgmt OP PropCo, LLC 8. Hickory Point Outparcels, LLC 9. CBL Landing at Arbor Place Mgmt OP PropCo, LLC 10. Imperial Valley Peripheral, L.P. Guarantor: 1. CBL & Associates Management, Inc. 2. CBL Management HoldCo, LLC 3. IV Outparcels, LLC Mortgagor: None. 42

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP #8 Gulf Coast Town Center — Phase III — Land JG Gulf Coast Town Center LLC (OH) Imperial Valley Commons — Kohl’s and Land Imperial Valley Commons, L.P. (CA) 1% GP IV Commons, LLC (CA) Gulf Coast Town Center — Peripheral IV — Land GCTC Peripheral IV, LLC (FL) CBL/Gulf Coast, LLC (FL) CBL & Associates Limited Partnership (DE) CBL & Associates HoldCo II, LLC (DE) CBL Outparcel HoldCo , LLC (DE) 99% LP Southaven Town Center Vacant Parcels Southaven Towne Center LLC (MS) CBL Pearland Town Center OP PropCo, LLC (TX) Pearland Town Center — Outparcel TX Land LLC Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL Outparcel HoldCo, LLC 3. CBL/Gulf Coast, LLC 4. JG Gulf Coast Town Center LLC 5. IV Commons, LLC Pledged Entity: 1. CBL Outparcel HoldCo, LLC 2. CBL Pearland Town Center OP PropCo, LLC 3. Southaven Towne Center LLC 4. GCTC Peripheral IV, LLC 5. CBL/Gulf Coast, LLC 6. IV Commons, LLC 7. JG Gulf Coast Town Center LLC 8. Imperial Valley Commons, L.P. Guarantor: 1. CBL Outparcel HoldCo, LLC 2. CBL/Gulf Coast, LLC 3. JG Gulf Coast Town Center LLC 4. IV Commons, LLC Mortgagor: None. 43

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST CBL EastGate Self Development PropCo , LLC (OH) EastGate Mall — Self Development CBL Outparcel HoldCo, LLC (DE) CBL & Associates Limited Partnership (DE) GROUP #8 CBL Cross Creek Sears OP PropCo II, LLC (NC) Cross Creek Mall — Sears Parcel(s) in the Main Project (Vacant Lot 2 ) CBL Hanes Mall OP PropCo, LLC (NC) Hanes Mall – Lot 2A CBL & Associates HoldCo II, LLC (DE) Arbor Place — APWM, LLC APWM, LLC (GA) CBL/Cherryvale I, LLC – Vacant Property CBL/Cherryvale I, LLC (DE) CBL Alamance Crossing OP PropCo, LLC (NC) Alamance Crossing, LLC Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL Outparcel HoldCo, LLC Pledged Entity: 1. CBL Outparcel HoldCo, LLC 2. CBL Cross Creek Sears OP PropCo II, LLC 3. CBL Alamance Crossing OP PropCo, LLC 4. CBL Hanes Mall OP PropCo, LLC 5. APWM, LLC 6. CBL Eastgate Self Development PropCo, LLC 7. CBL/Cherryvale I, LLC Guarantor: 1. CBL Outparcel HoldCo, LLC Mortgagor: None. 44

PRIVILEGED AND CONFIDENTIAL SUBJECT TO COMMON INTEREST GROUP #8 Gulf Coast Galleria ( D'Iberville CBL Land, LLC) D ’ Iberville CBL Land, LLC (MS) CBL & Associates Limited Partnership (DE) CBL & Associates HoldCo II, LLC (DE) CBL Northpark Mall OP PropCo II, LLC (MO) Northpark Mall/Joplin, LLC Hollywood Parcels CBL Dakota Square Mall OP PropCo II, LLC (ND) Dakota Square OP CBL Mid Rivers Land OP PropCo, LLC (MO) Mid Rivers Land LLC (vacant parcels) Pledgor: 1. CBL & Associates HoldCo II, LLC 2. CBL Outparcel HoldCo, LLC Pledged Entity: 1. CBL Outparcel HoldCo, LLC 2. D’Iberville CBL Land, LLC 3. CBL Northpark Mall OP PropCo II, LLC 4. CBL Mid Rivers Land OP PropCo, LLC 5. CBL Dakota Square Mall OP PropCo II, LLC Guarantor: 1. CBL Outparcel HoldCo, LLC Mortgagor : None. CBL Outparcel HoldCo, LLC (DE) 45

KEY Items Non - member Manager Equity Ownership Abbreviations CM — Chief Manager LP — Limited Partner GP — General Partner Existing Entity Currently Unencumbered Property Owns Property in Wells Fargo Borrowing Base Colors Shapes New entity to be formed General Notes 1. Ownership assumed to be 100% unless otherwise noted. 2. Unless entity has only one member, ownership is assumed to be non - controlling unless otherwise noted. 1

UPPER TIER OWNERSHIP CBL & Associates Properties, Inc. (DE) CBL & Associates Limited Partnership (DE) CBL Holdings II, Inc. (DE) CBL Holdings I, Inc. (DE) CBL & Associates, Inc. (DE) & Third Parties GP CBL & Associates HoldCo I, LLC (DE) New Bank Borrower CBL & Associates HoldCo II, LLC (DE) New Notes Issuer 2

WELLS FARGO CBL & Associates HoldCo I, LLC (DE) • Southaven Towne Center • Southaven Towne Center – Self Development Southaven, Mississippi Southaven Towne Center II, LLC (DE) Valley View Mall Roanoke, Virginia Valley View Mall SPE, LLC (DE) CherryVale Mall, LLC (DE) CherryVale Mall Rockford, Illinois Madison/East Towne, LLC (DE) East Towne Mall Madison, Wisconsin Madison/West Towne, LLC (DE) West Towne Mall Madison, Wisconsin CBL & Associates Limited Partnership (DE) Borrower & Pledgor: 1. CBL & Associates HoldCo I, LLC Mortgagor, Pledgor, Pledged Entity, & Subsidiary Guarantor: 1. Madison/East Towne, LLC 2. Madison/West Towne, LLC 3. Cherryvale Mall, LLC 4. Southaven Towne Center II, LLC 5. Valley View Mall SPE, LLC 3

WELLS FARGO Imperial Valley Mall GP, LLC (DE) GP — 0.5 % Imperial Valley Mall II, L.P. (CA) Imperial Valley Mall El Centro, California JG Winston - Salem, LLC (OH) Hanes Mall Winston Salem, North Carolina CBL & Associates HoldCo I, LLC (DE) Kirkwood Mall Acquisition LLC (DE) Kirkwood Mall Bismarck, North Dakota Layton Hills Mall CMBS, LLC (DE) Layton Hills Mall, OP, Convenience Center & Plaza Layton, Utah 99.5% LP CBL & Associates Limited Partnership (DE) Borrower & Pledgor: 1. CBL & Associates HoldCo I, LLC Mortgagor, Pledgor, Pledged Entity, & Subsidiary Guarantor: 1. Imperial Valley Mall II, L.P. 2. JG Winston - Salem, LLC 3. Layton Hills Mall CMBS, LLC 4. Kirkwood Mall Acquisition LLC Pledgor, Pledged Entity, & Subsidiary Guarantor: 1. Imperial Valley Mall GP, LLC 4

WELLS FARGO Mall del Norte, LLC (TX) Mall Del Norte & Cinemark Laredo, Texas CBL & Associates HoldCo I, LLC (DE) Mayfaire GP, LLC (DE) GP — 1 % Mayfaire Town Center, LP (DE) Mayfaire Town Center Wilmington, North Carolina Hixson Mall, LLC (TN) Northgate Mall Hixson, Tennessee POM - College Station , LLC (TX) Post Oak Mall & Phase III College Station, Texas Frontier Mall Associates Limited Partnership (WY) Frontier Mall Cheyenne, Wyoming 99.9% GP 0.1 % LP Frontier Mall GP LLC (DE) 99% LP CBL & Associates Limited Partnership (DE) Borrower & Pledgor: 1. CBL & Associates HoldCo I, LLC Mortgagor, Pledgor, Pledged Entity, & Subsidiary Guarantor: 1. Frontier Mall Associates Limited Partnership 2. POM - College Station, LLC 3. Hixson Mall, LLC 4. Mayfaire Town Center, LP 5. Mall del Norte, LLC Pledgor, Pledged Entity, & Subsidiary Guarantor: 1. Frontier Mall GP LLC 2. Mayfaire GP, LLC 5

WELLS FARGO Pearland Town Center GP, LLC (DE) GP — 0.5 % Pearland Ground, LLC (TX) Pearland Town Center Office Pearland, Texas CBL & Associates HoldCo I, LLC (DE) CBL RM - Waco, LLC (TX) Richland Mall Waco, Texas 99.5 % LP Pearland Town Center Limited Partnership (TX) • Pearland Town Center • Pearland Town Center - HCA Office Pearland, Texas CBL & Associates Limited Partnership (DE) Borrower & Pledgor: 1. CBL & Associates HoldCo I, LLC Mortgagor, Pledgor, Pledged Entity, & Subsidiary Guarantor: 1. Pearland Town Center Limited Partnership 2. Pearland Ground, LLC 3. CBL RM - Waco, LLC Pledgor, Pledged Entity, & Subsidiary Guarantor: 1. Pearland Town Center GP, LLC 6

WELLS FARGO Turtle Creek Limited Partnership (MS) Turtle Creek Mall Hattiesburg, Mississippi CBL & Associates HoldCo I, LLC (DE) 99.5 % LP 0.5% GP 0.1% LP 99.9 % GP Turtle Creek GP LLC (DE) CBL & Associates Limited Partnership (DE) CBL/Westmoreland I, LLC (DE) CBL/Westmoreland II, LLC (PA) CBL/Westmoreland, L.P. (PA) Westmoreland Crossing & Westmoreland Mall Hempfield Township, Pennsylvania CBL SM - Brownsville, LLC (TX) Sunrise Mall Brownsville, Texas Borrower & Pledgor: 1. CBL & Associates HoldCo I, LLC Mortgagor, Pledgor, Pledged Entity, & Subsidiary Guarantor: 1. CBL/Westmoreland, L.P. 2. CBL SM - Brownsville, LLC 3. Turtle Creek Limited Partnership Pledgor, Pledged Entity, & Subsidiary Guarantor: 1. CBL/Westmoreland I, LLC 2. CBL/Westmoreland II, LLC 3. Turtle Creek GP LLC 7