On March 2, 2018, Land & Buildings Investment Management, LLC issued a statement announcing that it has nominated a highly-qualified director candidate for election to the Taubman Centers, Inc. Board of Directors at the upcoming 2018 annual meeting of shareholders. Additionally, Land & Buildings announced that it has submitted a non-binding business proposal for consideration by shareholders at the 2018 Annual Meeting asking the Board to eliminate the dual class voting stock structure at the 2018 Annual Meeting that would substantially improve the ability of all Company shareholders to make their voices heard with respect to the direction of the Company.