Statement From Christopher Ilitch, President & CEO, Ilitch Holdings, Inc. Regarding The Announcement by Dan Gilbert That Quicken Loans Will Move Its Corporate Headquarters to Downtown Detroit

Nov 13, 2007, 00:00 ET from Ilitch Holdings, Inc.

    DETROIT, Nov. 13 /PRNewswire/ -- "We think this is terrific news. As
 you know, we've always been strong supporters of -- and investors in --
 Detroit, and we're excited that Dan Gilbert is planning to move Quicken's
 Headquarters to downtown. This move will bring significant jobs and
 investment and we look forward to working with them going forward. We hope
 other businesses will view this as positive and look at Detroit for their
 own future investment."

SOURCE Ilitch Holdings, Inc.