Inland Real Estate Corporation Pays November and Declares December Cash Distribution to Common Stockholders

Inland Real Estate Corporation announced that today it paid a cash distribution of $0.08167 per share on the outstanding shares of its common stock to common stockholders of record at the close of business on October 31, 2008. The aggregate cash distribution paid to a particular common stockholder of record will be rounded to the nearest $0.01, up or down, with $0.005 or more being rounded up. The Company had 66,332,242 shares of common stock outstanding as of October 31, 2008. The Company currently pays an annual cash distribution of $0.98 per share, disbursing equal portions of $0.08167 per share to stockholders on a monthly basis.

In addition, the Company has declared a cash distribution of $0.08167 per share on the outstanding shares of its common stock, payable on December 17, 2008 to common stockholders of record at the close of business on December 1, 2008.

About Inland Real Estate Corporation

Inland Real Estate Corporation is a self-administered and self-managed publicly traded real estate investment trust that owns interests in 145 neighborhood, community and single-tenant retail centers located primarily in the midwestern United States. To learn more about the Company, please visit http://www.inlandrealestate.com.