Mark Ordan Named CEO Of Washington Prime Group, Inc.

INDIANAPOLIS, Feb. 27, 2014 /PRNewswire/ — Simon Property Group, Inc.
(NYSE:SPG), a global leader in retail real estate, announced today the
appointment of Mark Ordan as Chief Executive Officer of Washington Prime Group,
Inc. which will be an independent, publicly traded REIT, comprised initially of
SPG’s strip center business and its smaller enclosed malls. Washington Prime
Group’s mission is to own stable, quality retail properties that effectively
serve the communities in which they are located. Washington Prime Group is
expected to initially own or have an interest in 98 diversified retail real
estate assets.

Ordan brings to the new enterprise a progressive and successful career leading
public companies at the nexus of real estate and consumer demand in retailing,
retail real estate and healthcare. Most recently, Ordan was CEO of Sunrise
Senior Living, having led its successful turnaround and eventual sale to Health
Care REIT and KKR. Prior to Sunrise, Ordan guided the turnaround of The Mills
Corporation as its CEO, and then led its sale to Simon Property Group and
Farallon Capital Management.

Ordan was founder and CEO of Fresh Fields which he sold to Whole Foods Market.
He served on the board of Federal Realty Investment Trust for 10 years and was
non-executive Chairman from 2001 through 2006 when he led the Board of
Director’s restructuring of the senior management team.

David Simon, Chairman and CEO of Simon Property Group said, “We worked closely
with Mark during the Mills transaction and found him to be a top-rate executive
with particular expertise in creating value for an organization. I am very
confident Mark has the retail real estate operating experience to lead this
exciting new company.”

“We are pleased to have a Chief Executive Officer of Mark’s background which
combines success leading public companies as both a CEO and Board Chair with
prominent positions in retail and retail real estate,” said Richard S. Sokolov,
SPG’s President and COO. “He is perfectly suited for this position.”

Ordan received his BA from Vassar College and has served on its Board of
Trustees for 15 years. He received his MBA from Harvard Business School. He
lives outside Washington, DC with his wife and family.

About Simon Property Group
Simon Property Group, Inc. (NYSE:SPG) is an S&P 100 company and a global leader
in the retail real estate industry. The Company currently owns or has an
interest in more than 325 retail real estate properties in North America, Asia
and Europe comprising approximately 243 million square feet. We are
headquartered in Indianapolis, Indiana and employ approximately 5,500 people in
the U.S. For more information, visit the Simon Property Group website at

SOURCE Simon Property Group, Inc.

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