JACKSON, MISSISSIPPI, February 3, 2022 — EastGroup Properties, Inc. (NYSE: EGP) (the “Company”, “EastGroup”) announced today that David M. Fields has been appointed to the EastGroup board of directors (the “Board”) effective February 1, 2022 and will serve on its compensation committee. Mr. Fields’ appointment expands the Company’s Board to nine directors, seven of whom are independent.