Why Simon

Simon is the only developer with the financial flexibility, redevelopment experience, and unequaled intellectual talent capable of transforming and repositioning assets throughout all economic market cycles. As a dedicated business and redevelopment partner, we are continuously evaluating our portfolio to ensure our properties remain market leaders and meet the needs of their communities, ultimately maximizing performance and profitability for all stakeholders.

WHY SIMON?

THE SIMON VALUE PROPOSITION

SCALE ~400 Global Properties Simon’s worldwide footprint spans ~400 retail centers in 24 countries. Luxury/full-price destination centers, Simon Premium Outlets, ® The Mills, ® and international properties.

QUALITY Top 25 Markets

All stakeholders benefit from Simon’s outstanding, iconic properties strategically located in top-tier markets.

THE SIMON ADVANTAGE

GROWTH 3K+ Market Leading Brands

INVESTMENT $8B+ Invested in the past 10 years Simon is the only developer with the financial flexibility to transform assets and ensure long- term success. Consistent, active portfolio management enhances retail tenant productivity and drives successful ROI.

Simon core businesses and strategic investments drive performance and growth for our retail partners.

EXPERIENCE 50+ Years Simon’s long-term commitment to retail is evidenced by decades of experience in development, ownership, and management.

WHY SIMON IS THE BEST CHOICE FOR YOUR BRAND

$8B+ INVESTED TO CREATE RETAIL DESTINATIONS OF THE FUTURE. Simon is the only developer with the financial flexibility to transform assets and ensure long-term success for our partners.

UNPARALLELED GLOBAL PORTFOLIO. Worldwide footprint of ~400 retail centers in 24 countries; all in the best markets and locations.

PORTFOLIO SCALES AT ALL PRICE AND VALUE POINTS. From luxury and full-price properties to Simon Premium Outlets ® to The Mills ® to international properties, we offer curated placements for every retailer. SIMON’S DATA-DRIVEN MARKETING STRATEGY DRIVES MORE QUALIFIED TRAFFIC THAN ANY OTHER DEVELOPER. We are laser focused on driving more traffic and sales to our retail partners by connecting our customers with brands and retailers in new ways.

3,000+ MARKET LEADERS. Our portfolio features an extensive fleet of stores with best-in-class brands ensuring your brand is always in good company.

SIMON’S STRATEGIC OTHER PLATFORM INVESTMENTS GENERATE $3.5B IN ANNUAL DIGITAL SALES. We invest in entertainment and experiential brands that align with our business and add value.

SIMON LEADS THE INDUSTRY IN INNOVATION. We are investing hundreds of millions of dollars in digital and omnichannel solutions for retailers.

SIMON CENTERS ARE ECONOMIC ENGINES FOR LOCAL COMMUNITIES. We generate $4B in total state sales tax.

COMMITTED TO CREATING A SUSTAINABLE SHOPPING CHANNEL. While omnichannel is essential, we recognize that physical retail is the most sustainable of all options, and encourage BOPIS and BORIS.

LEGENDARY PERFORMANCE-DRIVEN LEADERSHIP. Our best-in-the-business executive and management teams understand every facet of retail.

Let’s create the experiential destinations of tomorrow, together.

WE CREATE RETAIL DESTINATIONS OF THE FUTURE Simon is the only developer with the financial flexibility, redevelopment experience, and unequaled intellectual talent capable of transforming and repositioning assets throughout all economic market cycles. As a dedicated business and redevelopment partner, we are continuously evaluating our portfolio to ensure our properties remain market leaders and meet the needs of their communities, ultimately maximizing performance and profitability for all stakeholders.

TRANSFORMATIONAL INVESTMENTS

Invested $8B+

— Our $8B+ investment over the past 10 years demonstrates continuous attention to positioning our properties for long- term success. — Active portfolio management enhances productivity and market share. — Live/Work/Play/Stay/Shop destination communities include: PHIPPS PLAZA, ATLANTA A magnificent transformation was recently completed which includes Nobu Hotel & Restaurant ; Life Time and Life Time Work ; Citizens Market ; and One Phipps Plaza —a 13-story Class A office building. Atlanta’s luxury leader, Phipps Plaza features an unparalleled collection of haute designer brands including Alexander McQueen , Balenciaga , Bottega Veneta , Christian Dior Couture , Dolce & Gabbana , Givenchy , Gucci , Saint Laurent , Tom Ford , Valentino , Versace , and Hermès plans to open in 2024 . NORTHGATE STATION, SEATTLE NHL’s Kraken Community Iceplex with 3 regulation ice rinks and the Kraken Team Store is now open. The center’s transformation will continue with iconic local and specialty retail and dining destinations, a medical pavilion , Class A offices , 1,000 residential units , and two on-site hotels .

PHIPPS PLAZA

NORTHGATE STATION

STRATEGIC VISION SUPPORTED BY STRONG AND DIVERSE RELATIONSHIPS

■ SIMON INVESTMENTS

BRICK & MORTAR LUXE

—Simon is a brand powerhouse with 3,000+ market leaders . —We showcase the world’s premier brands including Apple, Chanel, Dior, Louis Vuitton, lululemon, and more. —Simon introduced Digital First concepts including, Alo Yoga, Brilliant Earth, and Vuori. —Simon is the #1 choice for first-in-market experiential concepts including Life Time, Dick’s House of Sport, Peppa Pig, Legoland, Meow Wolf, Museum of Ice Cream, Immersive Van Gogh, and more. — We opened 57 restaurants in 2022 with more than 50 to open in 2023 . Openings include True Food Kitchen, Parm, Toca Madera, and SOL Mexican Cucina. Brands 3,000+ Choice #1 New Restaurants 57

DID YOU KNOW? Physical stores drive web traffic! Opening just one new store in a given market results in an average 37% increase in overall traffic to a retailer’s website. (Source: ICSC Halo Effect Study)

40% of online orders are returned (versus only 7% of in-store purchases).

Brick and mortar shopping is 60% better for the environment than online!

PHYSICAL + DIGITAL = THE FUTURE We believe in full integration of our retailers’ physical and digital businesses, leading to improved margins, reduced costs, and enhanced consumer experiences. Simon is the only partner able to support your omnichannel strategy.

WE LEAD THE INDUSTRY IN VISION & INNOVATION Simon is investing hundreds of millions of dollars to create the interactive, sustainable marketplace of the future. Our omnichannel platform provides a seamless, blended experience that drives traffic and increases sales for our retail partners.

DIGITALIZED SOLUTIONS

Revolutionary solutions and services engage customers and keep them coming back. SIMON SEARCH™ This new shopping tool enables customers to search and confirm store inventories in advance. Simon Search saves time and effort, and drives foot traffic to stores to complete purchases. INTERACTIVE DIGITAL DIRECTORIES 1,300+ Interactive Digital Directories offer quick, easy, on-site searches by retailer, brand, or product category. QR CODE ACTIVATIONS QR codes are included on virtually every customer touchpoint in our centers. This provides new ways for shoppers to connect with Simon, and with retailers’ digital content via our proprietary on-center media. VIRTUAL SHOPPING Livestreamed events via shoppremiumoutlets.com enable U.S. customers to shop their favorite Simon Premium Outlets ® from home, any time. An international version in partnership with ShopShops allows customers in China to shop select Premium Outlets online. Items are delivered directly from the U.S.

OMNICHANNEL SOLUTIONS

Leverage your physical footprint, maximize traffic, and enhance engagement. BUY ONLINE, PICK UP IN-STORE Available at all centers – robot delivery pilot program underway BUY ONLINE, RETURN IN-STORE We encourage customers to make returns in person at their local Simon center and partner with the industry’s largest post-purchase programs, Happy Returns and Narvar EXPEDITED PARKING Valet/express parking and EV charging stations ON-SITE FULFILLMENT Last Mile Fulfillment by Fillogic, and more HANDS-FREE SHOPPING Dropit offers hands-free shopping and delivery from centers in key tourism markets BUY NOW, PAY LATER Strategic partnerships with Afterpay and Klarna

SHOPPREMIUM OUTLETS.COM

—Simon’s flagship e-commerce site in partnership with Rue La La and Gilt Group —The Shop Premium Outlets marketplace brings the Simon Premium Outlets experience online—we deliver an elevated, brand-safe environment for premium and luxury brands to sell on-sale, clearance, and/or outlet inventory direct to a targeted customer

— 7,700 brands — 600K+ SKUs —Easy participation yields maximum impact —Adds incremental sales for your brand

WE ARE RETAILERS, TOO

Who understands the rewards and challenges of retail better than Simon?

SPARC GROUP BRAND INVESTMENTS

MARKETING Our marketing strategy is focused on developing innovative content and platforms that create awareness, drive traffic, increase retail sales, and craft opportunities to engage with our customers.

Visits 2B

Shopper

Impressions 3.0B Visits 258M Email Subscribers 18M Social Media Connections 8.2M Local PR Coverage Publicity Value $2B

Paid Media Advertising

Annual Website

OUR UNEQUALED PORTFOLIO OF TOP GLOBAL ASSETS Simon has direct or indirect interest in ~400 retail properties in 24 countries. Our centers generate billions of dollars for retailers at every price point, from value to ultra-luxury.

OUR BRAND PORTFOLIO

SIMON MALLS ® Iconic full-price shopping destinations in major U.S. markets SIMON PREMIUM OUTLETS ® A world-leading collection of outlet centers, delivering value, fashion, and outstanding customer experiences THE MILLS ® Family-oriented, value-priced experiential destinations in the U.S. KLÉPIERRE 22.4% interest in Klépierre; a portfolio of more than 100 prime centers in 14 European countries MCARTHURGLEN DESIGNER OUTLETS 12 Designer Outlets in seven European countries INTERNATIONAL PREMIUM OUTLETS 23 Premium Outlets in six countries including Canada, Japan, Malaysia, Mexico, South Korea, and Thailand; new construction in Indonesia TAUBMAN PORTFOLIO 80% ownership in a bespoke collection of luxury centers in the U.S. and Asia JAMESTOWN 50% partnership in a best-in-class global real estate investment and asset management firm specializing in iconic mixed-use assets

ICONIC FULL-PRICE DESTINATIONS

SIMON PREMIUM OUTLETS ®

THE MILLS ®

INTERNATIONAL

TAUBMAN PORTFOLIO

JAMESTOWN PARTNERSHIP

BY THE NUMBERS

Iconic U.S. Properties 215+

Global Properties Direct or Indirect Interest ~400 Simon has Locations in the Top 25 Markets in the U.S. Top 25

Simon is the #1 Source for Reaching Customers Across the Top Markets in the U.S. #1

ENHANCING AND SUSTAINING NEARBY COMMUNITIES Our properties form the commercial epicenters of local and regional communities. As economic engines for their catchment areas, Simon centers create jobs and retention, pay state and local taxes, support local businesses, and raise funds that benefit the populations they serve.

LOCAL IMPACT STATISTICS

People Live Within Simon Trade Areas 204M+

People are Employed by Our Tenants 340K

Simon’s Collective Annual Property Tax Share $674M+

Reflects Our Spend With Local Suppliers $653M

Our Total State Sales Tax Generated $4.0B

(Sources: Simon Sustainability Report 2020/21)

LEGENDARY MANAGEMENT FOCUSED ON PERFORMANCE Simon’s leadership team is simply the best in the business. Performance-driven and committed to long-term ownership, our ideals of best-in-class performance resonate throughout the organization.

OUR FORTRESS BALANCE SHEET

Enterprise Value $75B Scale & Diversified Sources of Capital

Investment Grade Credit Ratings A-/A3 Stable & Disciplined Financial Operations

Free Cash Flow After Dividends $1.5B Self-Funded Investments & Prudent Capital Allocation

Available Liquidity >$9.0B Balanced Debt Maturities & Significant Available Liquidity

As of 3/31/2023.

RESULTS

100 Company S&P

Balance Sheet in the Industry #1

Named two consecutive years to CDP’s Climate A List “A LIST”

Choice for Brands #1

PROFIT FROM OUR SUCCESS FORMULA

Simon’s portfolio and experience position us to create solutions that amplify brands quickly and efficiently. Whether launching new stores, scaling portfolios, or rightsizing store fleets, Simon works with retail partners every step of the way. From planning and design through operations and management, we stand behind every one of our 3,000+ brands.

Partner with us.

business.simon.com 225 West Washington Street, Indianapolis, IN 46204 (317) 636-1600 Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG). Simon Property Group

06/2023

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