Tanger Outlets Appoints Steven B. Tanger President and Chief Executive Officer

Founder, Stanley K. Tanger Remains Chairman of the Board

GREENSBORO, NC-- Based on the recommendation of Stanley K. Tanger, (top left photo) the company’s Founder, Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced a new executive leadership structure to position the company for continued growth in the years to come.

Effective January 1, 2009, Steven B. Tanger, (top right photo) the company’s President and Chief Operating Officer since January 1995, will become President and Chief Executive Officer. Stanley K. Tanger will remain as Chairman of the Board.

“Steven and I will both be assuming new roles, which represent the next phase in our company’s evolution,” Stanley Tanger stated.

“I am pleased that since founding the company in 1981, Tanger Outlets has grown into a strong, resilient company capable of delivering consistent growth and profitability. It has been an honor to serve our shareholders, our employees and Board of Directors as CEO. I am confident in our company’s future and I look forward to being part of a seamless transition.”

Jack Africk, lead director of the company’s Board of Directors said, “As an industry pioneer and founder of the company, Stanley Tanger has 27 years of service at Tanger Outlets, including the past 15 years as CEO of a NYSE company.

"His in-depth knowledge of Tanger and the outlet industry, along with his bold, charismatic leadership style, allowed him to lead the company to outstanding and consistent returns throughout his tenure.

"Ensuring a smooth transition is one of the foremost responsibilities of the Board of Directors and with that in mind, our Board has worked closely with Stanley and Steven on a planned management succession for several years.”

Commenting on his appointment, Steven B .Tanger said, “I am extremely honored by the Board’s confidence in me, and I look forward to continuing to work with Stanley as we have done for 22 years.

"We share the same vision for Tanger Outlets future and in our culture as the foundation of our success and future growth. I am excited by the opportunity to serve our Company in this new leadership position, as we work together to continue Tanger’s strong performance record.”

Steven B. Tanger, 59, is a Director of the Company and was named President and Chief Operating Officer effective January 1, 1995.

Previously, he served as Executive Vice President since joining the Company in January 1986. He is a graduate of the University of North Carolina at Chapel Hill and completed the Executive Program at the Stanford University School of Business. He is the son of Stanley K. Tanger.

Tanger Factory Outlet Centers, Inc, (NYSE:SKT) a publicly traded REIT, presently has ownership interests in or management responsibilities for 33 outlet 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 call 800-4-TANGER or visit http://www.tangeroutlet.com/.


Contact: Frank C. Marchisello, Jr. (336) 834-6834

Tanger Celebrates Grand Opening of 75 Outlet Stores in Washington, PA

(L-R) Richard Bonds, Pennsylvania Tourism Director; Senator J. Barry Stout, Frank Salucci, GM Tanger Washington, PA; Stanley K. Tanger, Chairman & CEO, Tanger Factory Outlet Centers, Inc.; Jerome Bettis, former Pittsburgh Steelers player; Steven B. Tanger, President & COO, Tanger Factory Outlet Centers, Inc.; State Representative Tim Solobay; Jeff Kotuls, Director of Washington, PA Chamber of Commerce and Larry Maggi, Chairman, South Strabane Township, PA Board of Commissioners.

Former Pittsburgh Steelers’ Great Jerome Bettis (middle left photo) Among Those Participating In Tanger’s Ribbon Cutting Ceremony

GREENSBORO, NC--The new Tanger Outlet Center in Washington, Pennsylvania celebrated its official Grand Opening August 29 with a special Ribbon Cutting Ceremony.

Pittsburgh Steelers’ legend Jerome Bettis; Stanley K. Tanger, (top left photo) Chairman and CEO and Steven B. Tanger, (middle right photo) President and COO of Tanger Factory Outlet Centers, Inc.; Richard Bonds, State Executive Director of Tourism Marketing along with other local and state dignitaries officially opened the new Tanger Outlet Center.

“We are excited to introduce the Tanger Brand of great outlet shopping to Western Pennsylvania,” stated Steven B. Tanger, President and Chief Operating Officer of Tanger Factory Outlet Centers, Inc.

“Pittsburgh area bargain hunters can enjoy an outlet shopping adventure that features many upscale shopping amenities, a collection of the world’s most popular brand name outlet stores and true outlet savings direct from the manufacturer,” added Mr. Tanger.

The new Tanger Outlet Center in Washington, PA features 75 popular outlet brands including American Eagle Outfitters, Banana Republic Factory Store, Brooks Brothers Factory Store, Children’s Place, Coach Factory Store, Gap Outlet, Harry and David, Nike Factory Store, Nine West Outlet, Old Navy, Skechers, Timberland Factory Store, Tommy Hilfiger Company Store, Wilson’s Leather Outlet and many more. Shoppers can also relax and enjoy a meal in the center’s food court.

During the ribbon cutting ceremony, Tanger officially kicked off the company’s 15th annual Breast Cancer Awareness campaign by making a $1,500 donation to the American Cancer Society of Washington County, PA.

Tanger’s national campaign, which takes place September 17th through October 19th, has now raised more that $5.1 million to fight breast cancer in the communities that Tanger serves across the country.

Tanger also showed its support for children and education by making a $1,500 donation to the Trinity Area School District and a donation to the Jerome Bettis “Bus Stops Here” Foundation to help under privileged children.

Tanger’s Grand Opening honored Pennsylvania’s tradition for great fall festivals. Friday, August 29th -September 1st , more than 200,000 Grand Opening shoppers enjoyed a Labor Day weekend filled with outlet shopping and fun including a Giant Ferris Wheel, a Classic Carousel, Carnival-Style games & activities, prize giveaways, strolling entertainment, a patriotic fireworks display and a center-wide Grand Opening Sidewalk Sale.

Jerome Bettis thrilled hundreds of Pittsburgh Steelers fans by signing autographs on Friday, August 29th.

Located on Interstate 79, Exit 41 Meadowlands/Racetrack Road, just 20 minutes south of Pittsburgh, the new Tanger Outlet Center in Washington, PA is the Pittsburgh area’s first, authentic brand name outlet shopping center. This is Tanger’s second outlet center in Pennsylvania. Tanger also operates the popular Tanger Outlet Center in Lancaster, PA.

Tanger Factory Outlet Centers, Inc., (NYSE:SKT) a publicly traded REIT, presently has ownership interests in or management responsibilities for 32 shopping centers in 22 states coast-to-coast, totaling approximately 9.5 million square feet, leased to over 2,100 stores that are operated by over 400 different store brands. The Tanger Outlet Center in Washington, PA can be reached at 724-225-8435.

Contact: Mike Buescher, (336) 834-6826, mebuescher@tangeroutlet.com

3200 Northline Ave., Suite 360 l Greensboro, NC 27408 l PH 336-834-6826 l FAX 336-852-7954

Tanger Announces Plans for an Upscale Outlet Center Development in Phoenix, AZ

The Tanger Project Will Bring Phoenix Area Shoppers a Collection of 80 Brand Name & Designer Outlet Stores

GREENSBORO, N.C. /PRNewswire-FirstCall/ -- Tanger Factory Outlet Centers Inc. (NYSE:SKT), one of the nations leading shopping center companies, is announcing plans to build an upscale outlet shopping center in the western suburb of Phoenix, Arizona.

Strategically located at the South West quadrant of the 101 Loop & Camelback Road, the new, 330,000 square foot Tanger Outlet Center will be positioned in one of the fastest growing sections of the Phoenix market and only 30 minutes from some of the highest household incomes in the Phoenix Metropolitan area.

Tanger entered into a Purchase and Sale Agreement with HWWCC Development, LLC for the center's 30 acre+ site.The Tanger location is only 1/4 mile west of major league baseball's Chicago White Sox and Los Angeles Dodgers' new spring training facilities, which are currently under construction.

"The growing Phoenix market presents us with an excellent opportunity to expand the Tanger Brand and introduce the Tanger style of great outlet shopping, direct from the manufacturer, to millions of new, value-minded customers," stated Stanley K. Tanger, (top right photo) Chairman and Chief Executive Officer of Tanger Factory Outlet Centers, Inc.

The Tanger Outlet Center is scheduled to break ground in 2009 and open in 2010.

"We plan to build a world-class outlet shopping attraction that will offer Phoenix area residents and visitors upscale amenities and a collection of the world's most popular brand name and designer outlet brands," remarked Steven B. Tanger, (top left photo) President and Chief Operating Officer of Tanger Factory Outlet Centers, Inc.

"The center's strategic location and easy access to the region's major highways will make the new Tanger Outlet Center in west Phoenix convenient to shoppers throughout the Southwest," he added.

Tanger Factory Outlet Centers, Inc., (NYSE:SKT) a publicly traded REIT, presently has ownership interests in or management responsibilities for 31 shopping centers in 22 states coast-to-coast, totaling approximately 9.1 million square feet, leased to over 2,000 stores that are operated by over 400 different store brands.

For more information call 800-4-TANGER or visit http://www.tangeroutlet.com/.

First Call Analyst: FCMN Contact: paross@tangeroutlet.com

CONTACT: Mike Buescher, Tanger Factory Outlet Centers Inc., +1-336-834-6826, Web site: http://www.tangeroutlet.com/