Simon Property Group Opens Phoenix Premium Outlets®

             Simon Property Group Opens Phoenix Premium Outlets®

PR Newswire

CHANDLER, Ariz., April 4, 2013

CHANDLER, Ariz., April 4, 2013 /PRNewswire/ --Simon Property Group, Inc.
(NYSE: SPG), the world's leading retail real estate company, announced today
that it opened Phoenix Premium Outlets®, an upscale outlet shopping center
serving the Greater Phoenix and Scottsdale areas. A ribbon cutting ceremony
was held today to mark the opening. In attendance were company officials and
representatives from the Gila River Indian Community and Wild Horse Pass
Development Authority.

The center, located in Chandler, Arizona, is adjacent to the Wild Horse Pass
Hotel & Casino within the Wild Horse Pass Development. It is on Interstate
10, south of Loop 202 - Santan Freeway at Exit 162. Phase I of the project,
which is 100% leased, is 360,000 square feet with 90 outlet stores featuring
high-quality designer and name brands. Phoenix Premium Outlets is SPG's 76^th
Premium Outlet Center® worldwide.

A four-day Grand Opening Celebration runs through Sunday, April 7 and features
live entertainment by popular area musicians, store promotions, giveaways and
more. Stores now open include Banana Republic, Brooks Brothers, Calphalon
Kitchen, Calvin Klein, Coach, Elie Tahari, Gap Factory Store, Hugo Boss, Lucky
Brand, Michael Kors, Nike, Saks Fifth Avenue OFF 5TH, Tommy Bahama, Tommy
Hilfiger, Under Armour and more. Additional merchants to open in the coming
months include: Armani, Cole Haan, J.Crew, Kate Spade New York and Polo Ralph
Lauren.

"We are excited to have our newest center be part of such an exciting
destination as Wild Horse Pass filled with hotels, a casino, spa, golf and
more. Phoenix Premium Outlets will serve area residents and visitors
providing high-quality brands at great savings all in one beautiful setting,"
said John R. Klein, President of Simon's Premium Outlets division. "We are
also pleased to have created hundreds of new jobs and significant economic
development for the area."

Wild Horse Pass is a unique destination offering panoramic views of the
mountains, river, desert and wild horses that roam the area. The area
showcases the rich cultural heritage, art and legends of the Pima and Maricopa
Tribes.

About Simon Property Group

Simon Property Group, Inc. (NYSE: SPG) is an S&P 100 company and the largest
real estate company in the world. The Company currently owns or has an
interest in 326 retail real estate properties in North America and Asia
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 the Simon Property Group website at www.simon.com.

Simon's Premium Outlets portfolio features 76 Premium Outlet Centers®
including 63 in the United States, one in Puerto Rico, eight in Japan, two in
Korea, one in Malaysia and one in Mexico. Its industry-leading properties
include Woodbury Common Premium Outlets (New York City), Orlando Premium
Outlets, Desert Hills Premium Outlets (Palm Springs, California), Las Vegas
Premium Outlets and Wrentham Village Premium Outlets (Boston). Simon's value
center Arizona Mills® is located in Tempe, Arizona.



SOURCE Simon Property Group, Inc.

Website: http://www.simon.com
Contact: Michele Rothstein, Premium Outlets/Simon, 973.228.6111,
shopper@premiumoutlets.com