JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the persons named below agrees to the joint filing of a statement on Schedule 13G (including amendments thereto) with respect to the common stock of The Macerich Company, a Maryland corporation, and further agrees that this Joint Filing Agreement be included as an exhibit to such filings.  As contemplated by Section 13d-1(k)(1)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.  This Joint Filing Agreement may be executed in any number of counterparts, all of which together shall constitute one and the same instrument.

[Signature page follows]

IN WITNESS WHEREOF, each of the undersigned hereby executes this Joint Filing Agreement this 23rd day of September, 2016.

GIC PRIVATE LIMITED
By:	/s/ Jimmy Teo Poh Leong
	Name: Jimmy Teo Poh Leong
	Title: Senior Vice President
By:	/s/ Lim Eng Kok
	Name: Lim Eng Kok
	Title: Senior Vice President
GIC REAL ESTATE PRIVATE LIMITED
By:	/s/ Goh Kok Huat
	Name: Goh Kok Huat
	Title: Managing Director
GIC REAL ESTATE, INC.
By:	/s/ Steven Sinnett
	Name: Steven Sinnett
	Title: Senior Vice President
By:	/s/ Kristin Leung
	Name: Kristin Leung
	Title: Senior Vice President
US SHOPS LLC
By:	/s/ Steven Sinnett
	Name: Steven Sinnett
	Title: Authorized Signatory
By:	/s/ Kristin Leung
	Name: Kristin Leung
	Title: Authorized Signatory