0000950152-06-009942 Sample Contracts

To: Developers Diversified Realty Corporation From: JPMorgan Chase Bank, National Association London EC2Y 5AJ England From: J.P. Morgan Securities Inc., Solely as Agent tel: (212) 622-5270 fax: (212) 622-0105
Confirmation • December 7th, 2006 • Developers Diversified Realty Corp • Real estate investment trusts • New York

The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the transaction entered into between us on the Trade Date specified below (the “Transaction”). This Confirmation constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below.

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To: Developers Diversified Realty Corporation Beachwood, Ohio 44122 From: Deutsche Bank AG London Winchester house
Confirmation • December 7th, 2006 • Developers Diversified Realty Corp • Real estate investment trusts

The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the transaction entered into between us on the Trade Date specified below (the “Transaction”). This Confirmation constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below.

DEVELOPERS DIVERSIFIED REALTY CORPORATION (an Ohio corporation) 11,599,134 Common Shares UNDERWRITING AGREEMENT
Underwriting Agreement • December 7th, 2006 • Developers Diversified Realty Corp • Real estate investment trusts • New York
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