JACKSON, MISSISSIPPI, January 29, 2021 – EastGroup Properties, Inc. (NYSE: EGP) (the “Company”) is saddened to announce the recent passing of Leland R. Speed, Chairman Emeritus of the Company’s Board of Directors and a director of the Company, at the age of 88. Mr. Speed was the Company’s founder and served as Chief Executive Officer until 1997. His service as a director began in 1978; he served as the Chairman of the Board from 1983 to 2015 and then as Chairman Emeritus until the time of his death.