Press Release

Combining Value and Fun, Simon's Shop Smarter Marketing Initiative Strikes the Right Chord This Holiday Season

November 24, 2009
    --  Holiday Entertainment.  Choral groups, school bands and other
        entertainment offerings will add to the festive holiday family
        environment at Simon properties.
    --  Santa. The tradition of Santa will continue this season and add to the
        festive holiday environment.  Santa and holiday pet photos (at select
        malls) will be available for families to capture the moment.
    --  Prize Patrols.  Roaming Prize Patrols will comb the mall looking for
        smart shoppers and reward them with the new American Express®/Simon
        Giftcard, the groundbreaking gift card which features no monthly fees or
        other charges after purchase. The American Express®/Simon Giftcard can
        be purchased in any denomination between $20 and $500.
    --  Rejuvenations Stations.  Enormously popular last year, 'Rejuvenation
        Stations' will be back offering shoppers the ability to take a break.
        These soft-seating lounge areas will be stocked with various amenities
        including free coffee and beverages, concierge services, and big screen
        TV's showing classic holiday programming throughout the holiday season.
    --  Simon Giftcards.   The groundbreaking new American Express®/Simon
        Giftcard, with no fees after purchase and no expiration of funds, is
        available in four new holiday designs and makes the perfect gift this
        season.  In addition, customers purchasing three American
        Express®/Simon Giftcards will receive three decorative tin holders for
        them, a perfect package for a very smart gift.
    --  Holiday Giving.  Simon is committed to each community in which it is
        located. Select charities will be present during the holiday shopping
        season to provide information about their services and provide an
        opportunity for shoppers to give back to others in need.
    --  Kids Events.  At over 100 malls, the Simon Kidgits Club(TM), which has
        delighted over 1.5 million children and their parents since its
        inception, will be throwing its annual Kidgits Holiday Celebration
        sponsored by Nestle, Oriental Trading® Company, and Nintendo®. During
        the event, kids can make reindeer food and write letters to Santa, while
        their parents pick up coupons and information from the sponsors.

"From our Prize Patrols, where American Express®/Simon Giftcards and other gifts will be given away, to our traditional Santa Photo Experience, to the Rejuvenation Stations where our customers can take a break, we want to ensure shoppers have a great time and capitalize on the bargains and everything the season has to offer," Thygesen added.

For additional information about Simon's holiday festivities and offerings, click on www.simon.com.

About Simon Property Group

Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers®, The Mills®, community/lifestyle centers and international properties. It currently owns or has an interest in 385 properties comprising 262 million square feet of gross leasable area in North America, Europe and Asia. The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG. For further information, visit the Company's website at www.simon.com.

SOURCE Simon Property Group, Inc.

Les Morris of Simon Property Group, Inc., +1-317-263-7711, lmorris@simon.com