Simon 2018 Proxy Statement

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SUMMARY OF 2017 FINANCIAL PERFORMANCE

In 2017 we paid dividends per share of $7.15; the highest ever paid by the Company. The CAGR for our annual dividend payments for the period from 2010 through 2017 was 15.6%. The Company has a track record of returning funds to shareholders not only in the form of dividends, but over the last three years through a share repurchase program as well. In 2017, aggregating the Company’s dividend payments and share repurchase program, the Company returned $3.0 billion to its shareholders. Over the last eight years we have returned more than $15.5 billion to our shareholders.

Funds Returned to Shareholders ($ in billions, except per share amounts)

Dividends Share Repurchases Dividends per Share

$4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0

$0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00

$7.15

$6.50

$6.05

$5.15

$0.4

$4.65

$0.3

$0.5

$4.10

$3.50

$2.60

$2.6

$2.4

$2.2

$1.9

$1.7

$1.5

$1.2

$0.9

27MAR201810311251

2011

2012

2013

2014

2015

2016

2017

2010

Our Return on Equity increased from 13.4% in 2010 to 53.0% in 2017.

Return on Equity

60.0%

53.0%

50.0%

43.0%

41.0%

40.0%

27.7%

30.0%

24.9% 22.7%

22.5%

20.0%

13.4%

10.0%

0.0%

26MAR201821475948 2017