Corporate Interview Blueprint

OUR INITIATIVES

DEVELOPMENT, REDEVELOPMENT ANDEXPANSIONOPPORTUNITIES We have a project pipeline of $1 billion per annum through 2018 for new development projects, fully funded with annual free cash flow. New Development Recent New Developments: —2015 Openings: Gloucester Premium Outlets, ® Tampa Premium Outlets, ® Tucson Premium Outlets, ® and Vancouver Designer Outlet —2016 And Beyond: Brickell City Centre (Miami, Florida); The Shops at Clearfork (Ft. Worth, Texas); The Shops at Syosset Park (Long Island, New York); Clarksburg Premium Outlets, ® Norfolk Premium Outlets, ® Tanger Outlets - Columbus, and additional new Simon Premium Outlets under consideration. Redevelopment and Expansion Since 2010, Simon has spent over $400 million on renovations and mall enhancements. Our focus is on features that elevate the guest experience on a personal level, from upgrading the design aesthetic and ambience to providing comfortable seating, family restrooms, children’s play areas, wireless access and other technological advances. We have significant redevelopment and expansion projects underway at many of our iconic properties in the U.S. and abroad. Examples include The Galleria in Houston, Woodbury Common Premium Outlets ® in New York, The Shops at Riverside in New Jersey, and Sawgrass Mills ® in Florida.

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