Simon Venture Group Launched To Invest In Retail Innovation

INDIANAPOLIS, March 25, 2014 /PRNewswire/ — Simon Property Group, Inc.
(NYSE:SPG), a global leader in retail real estate, announced today the launch of
a new, dedicated Simon Venture Group. This new business will invest in retail
innovation, focusing on opportunities that enhance the shopping experience.

Simon Venture Group will be investing across stages from early-stage to
high-growth technology companies, making Seed to Series C+ investments and
focusing on both direct and indirect strategic investment opportunities.

Mikael Thygesen, Chief Marketing Officer of Simon Property Group said, “We
believe we have only scratched the surface on applying technology to the retail
environment in innovative, interesting ways.”

The new Simon Venture Group will be led by J. Skyler Fernandes, who will be
responsible for identifying, evaluating, and making investments. Fernandes was
previously a partner at Centripetal Capital Partners, a multi-stage venture
capital fund, where he concentrated on consumer Internet, retail, and high-tech
with commercial applications. He is also the founder of One Match Ventures, a
seed fund focused on consumer Internet and high-tech companies. Fernandes gave
the first TED Talk on Venture Capital, entitled “Innovating the Financing of
Innovation,” and leads a number of global initiatives, including the Missing
Middle Initiative, launched at the World Economic Forum in Davos, which is
focused on creating funds that invest $100,000 to $3 million.

“We’re excited to add Skyler to the team and look forward to his active
engagement with the venture capital and start-up community to capitalize on
opportunities that will yield benefits for our consumers and our retailers,”
Thygesen said.

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. We currently own or have 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 simon.com

SOURCE Simon Property Group, Inc.

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