Press Release

Simon Property Group, Inc. Common Stock

CUSIP 828806109

Ticker Symbol:  SPG

% of

Record 4/9/21

Record 7/2/21

Record 9/9/21

Record 12/10/21

Annual

Dividend Dates

Pmt 4/23/21

Pmt 7/23/21

Pmt 9/30/21

Pmt 12/31/21

Totals

Total

Total Distribution per Share

$ 1.300000

$ 1.400000

$ 1.500000

$ 1.650000

$ 5.850000

Taxable Ordinary Dividends

$ 1.210443

$ 1.303554

$ 1.396665

$ 1.536332

$ 5.446994

93.1%

Qualified Dividends

$ 0.006026

$ 0.006489

$ 0.006953

$ 0.007648

$ 0.027116

(included in

Taxable Ordinary Dividends)

Total Capital Gain Distribution (1)

$ 0.089557

$ 0.096446

$ 0.103335

$ 0.113668

$ 0.403006

6.9%

Unrecaptured Sec. 1250 Gain

$ 0.024337

$ 0.026209

$ 0.028081

$ 0.030889

$ 0.109516

(included in

Total Capital Gain Distribution)

Nondividend Distributions

$               -

$               -

$               -

$               -

$               -

Section 199A Dividends (2)

$ 1.204417

$ 1.297065

$ 1.389712

$ 1.528684

$ 5.419878

Section 897 Capital Gain

$ 0.065220

$ 0.070237

$ 0.075254

$ 0.082779

$ 0.293490

Simon Property Group, Inc. 8.375% Series J Cumulative Redeemable Preferred Stock

CUSIP 828806885

Ticker Symbol:  SPGPrJ

% of

Record 3/17/21

Record 6/16/21

Record 9/16/21

Record 12/17/21

Annual

Dividend Dates

Pmt 3/31/21

Pmt 6/30/21

Pmt 9/30/21

Pmt 12/31/21

Totals

Total

Total Distribution per Share

$ 1.046875

$ 1.046875

$ 1.046875

$ 1.046875

$ 4.187500

Taxable Ordinary Dividends

$ 0.974756

$ 0.974756

$ 0.974756

$ 0.974756

$ 3.899024

93.1%

Qualified Dividends

$ 0.004850

$ 0.004850

$ 0.004850

$ 0.004850

$ 0.019400

(included in

Taxable Ordinary Dividends)

Total Capital Gain Distribution (1)

$ 0.072119

$ 0.072119

$ 0.072119

$ 0.072119

$ 0.288476

6.9%

Unrecaptured Sec. 1250 Gain

$ 0.019600

$ 0.019600

$ 0.019600

$ 0.019600

$ 0.078400

(included in

Total Capital Gain Distribution)

Nondividend Distributions

$               -

$               -

$               -

$               -

$               -

Section 199A Dividends (2)

$ 0.969906

$ 0.969906

$ 0.969906

$ 0.969906

$ 3.879624

Section 897 Capital Gain

$ 0.052519

$ 0.052519

$ 0.052519

$ 0.052519

$ 0.210076

(1)

Pursuant to Treas. Reg. §1.1061-6(c), the Company reports that for purposes of Section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of " applicable partnership interests."

(2)

Under Section 199A, REIT dividends are eligible for a 20% deduction when received by eligible taxpayers.

Please consult your tax advisor for proper tax treatment of the dividend distribution.

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