Simon Property Group Finishes #1 Again as FORTUNE’s Most Admired Real Estate Company

INDIANAPOLIS, March 7, 2011 /PRNewswire/ — Simon Property Group, Inc. (NYSE:
SPG), the country’s largest owner, developer and manager of high quality retail
real estate, announced it had been named once again America’s Most Admired
Company in the real estate industry in the current issue of FORTUNE magazine.

The annual survey, conducted by FORTUNE and Hay Group, a global management
consulting firm, is given to top executives, directors and financial analysts,
to identify the companies that enjoy the strongest reputations within their
industries.

“This is a tremendous honor,” said David Simon, chairman and chief executive
officer of SPG, “and it is the direct result of our employees operating at an
extremely high level, regardless of the economic environment. It’s nice to be
the largest real estate company, but to be the most admired on a consistent
basis is very gratifying.”

FORTUNE’s World’s Most Admired Companies list is the definitive report card on
corporate reputations. Hay Group has collaborated with FORTUNE annually since
1997 to identify, select, and rank the World’s Most Admired Companies and
uncover the business practices that make these companies highly regarded among
their peers. To compile the rankings, corporate reputation and performance are
measured against nine key attributes: innovation, people management, use of
corporate assets, social responsibility, quality of management, financial
soundness, long-term investment, quality of products and services, and global
competitiveness.

About Simon Property Group, Inc.

Simon Property Group, Inc. is an S&P 500 company and the largest real estate
company in the U.S. The Company currently owns or has an interest in 393 retail
real estate properties comprising 264 million square feet of gross leasable area
in North America, Europe and Asia. Simon Property Group is headquartered in
Indianapolis, Indiana and employs more than 5,000 people worldwide. The
Company’s common stock is publicly traded on the NYSE under the symbol SPG. For
further information, visit the Simon Property Group website at www.simon.com.

SOURCE Simon Property Group, Inc.