NASDAQ Halts Trading of Horizon Group Properties, Inc. and Requests Additional Information from Company

New York, NY—The NASDAQ Stock Market^® announced that trading was halted in Horizon Group Properties, Inc. (NASDAQ:HGPI) today at 9:11 a.m., Eastern Time, for "additional information requested" from the company at a last price of $4.00. Trading will remain halted until Horizon Group Properties, Inc. has fully satisfied NASDAQ's request for additional information.

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