Simon Property Group Completes Expansion of Desert Hills Premium Outlets

CABAZON, Calif., May 6, 2014 /PRNewswire/ — Simon Property Group, Inc.
(NYSE: SPG), a global leader in retail real estate, announced today that it has
opened a 50-store expansion of Desert Hills Premium OutletsĀ®, one of the most
productive and well-known outlet centers in North America.

Desert Hills Premium Outlets, located in Cabazon on Interstate 10 off of the
Malki Road exit on Seminole Drive, is now one of the largest centers in the
country, with 180 stores offering everyday savings of 25 to 65 percent. The
expansion features high-quality designer and name brands, many of which are the
first in North America or unique to the region including: Alexander McQueen,
Bally, Belstaff, CH Carolina Herrera, Fendi, Helmut Lang, John Varvatos, Maje,
Max Mara, Rag and Bone, Sandro, Valentino and Wolford.

Shoppers will also continue to enjoy the stores that have made Desert Hills
Premium Outlets the premier west coast outlet center including: Armani, Coach,
Elie Tahari, Gucci, Jimmy Choo, Neiman Marcus Last Call, Loro Piana, Polo Ralph
Lauren, Prada, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Tod’s, Versace
and Saint Laurent Paris.

“The expansion of Desert Hills Premium Outlets has further elevated this
highly-regarded shopping center to include an impressive new collection of
designer stores at great savings that will draw regional and international
shoppers,” said Richard S. Sokolov, President and Chief Operating Officer of
Simon Property Group. “Adding more great brands to this upscale environment,
plus the convenience of a new parking deck will continue to make Desert Hills
Premium Outlets a top shopping destination. The project also created hundreds of
new jobs and generates significant economic development for the area.”

The expansion also includes enhancements throughout the property including the
addition of a parking garage with 1,100 parking spaces, improved landscaping,
wider walkways and a luxury-driven ambiance reminiscent of Rodeo Drive. The
center now totals 650,000 square feet and is 100% leased.

For more information on the Expansion Celebration, visit the Desert Hills
Premium Outlets website at: premiumoutlets.com/deserthills.

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

Simon’s Premium OutletsĀ® portfolio features 81 Premium Outlet CentersĀ® including
65 in the United States, one in Puerto Rico, nine in Japan, three in South
Korea, and one each in Canada, Malaysia and Mexico. Its industry-leading
properties include Woodbury Common Premium Outlets (near New York City), Orlando
Premium Outlets, Desert Hills Premium Outlets (Palm Springs, California) and Las
Vegas Premium Outlets and Wrentham Village Premium Outlets (Boston). More
information is available at premiumoutlets.com.

SOURCE Simon Property Group, Inc.

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