Tanger Announces 2-for-1 Split of Its Shares

Tanger Factory Outlet Centers, Inc. SKT, announced today that its Board of Directors approved a 2-for-1 split of the Company's common shares SKT. The split will be effected by paying shareholders of record on January 13, 2011 a dividend of one new common share for each common share outstanding. The common share dividend effecting the share split will be payable on January 24, 2011.