Press Release

INDIANAPOLIS, Oct. 15, 2025 /PRNewswire/ -- Simon^®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced that Stanley Shashoua has been promoted to President of International Real Estate.

In this role, Mr. Shashoua will oversee Simon's international real estate portfolio, which includes 26 International Premium Outlets, our ownership stake in Klépierre SA, and our McArthurGlen Investments. Mr. Shashoua currently serves as a Supervisory Board member of Klépierre, a position he has held since 2015. Stanley will continue to oversee our special corporate investments.

"Stanley has played a pivotal role in advancing our international real estate strategy and is uniquely qualified for this position," said David Simon, Chairman, Chief Executive Officer and President.

About Simon
   Simon    ^® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

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SOURCE Simon

Contacts: Tom Ward, 317-685-7330, Investors; Nicole Kennon, 704-804-1960, Media