Simon Malls | More Choices®

- Simon Announces CH Carolina Herrera, Tourneau, Hermes, Michael Kors and More -

SAN DIEGO, Sept. 19 /PRNewswire-FirstCall/ -- Simon Property Group, Inc. (NYSE: SPG), the country's largest owner, developer and manager of high quality retail real estate, announced today a wave of exciting tenants, almost all of them completely new to San Diego County, that will be coming to Fashion Valley. These new retailers position Fashion Valley as the unquestioned home of luxury retail in San Diego.

Area residents and tourists will be able to shop at the following luxury retailers in 2008, all of whom have chosen Fashion Valley to open their first store in San Diego. These desirable locations include: Barney's New York COOP, CH Carolina Herrera, Hermes, Jimmy Choo, Just Cavalli, M Missoni, Michael Kors and Tourneau.

A great collection of trend leaders will also call Fashion Valley home in 2008. These stores include Anthropologie, H&M, Juicy Couture and True Religion.

"Today's announcement solidifies Fashion Valley's prominence in the San Diego market," said Gary Lewis, executive vice president of leasing at Simon. "We truly believe that the San Diego region need not be underserved in the luxury market, and the great retailers who will be here in 2008 are an ideal fit for our Fashion Valley customer who expects nothing less than extraordinary merchandise and service."

"I just adore Southern California. Fashion Valley is fantastic," said Carolina Herrera. "I love how you can walk around in the sun to see all the other great shops. I cannot wait to open my own CH Carolina Herrera boutique there." Fashion Valley's CH Carolina Herrera boutique, scheduled to open in October, will have a warm and inviting atmosphere that features women's and men's collections as well as an extensive accessory collection.

"We feel Fashion Valley is clearly the right entry point for Tourneau in the San Diego market and is positioned correctly and that the results of the center are spectacular," said Howard Levitt, president of Tourneau. Tourneau, the foremost designer of luxury watches, plans to open on December 1 with 1,752 square feet of retail space.

Fashion Valley is a 1.7 million square feet super-regional shopping center located in San Diego. Anchors include Neiman Marcus, Saks Fifth Avenue, Nordstrom, Bloomingdale's, Macy's and JCPenney. Fashion Valley is one of only three venues in the world with the combination of Neiman Marcus, Saks Fifth Avenue, Nordstrom and Bloomingdale's. Fashion Valley's 18 million annual shopper visits makes its following larger than the combined annual attendance of San Diego destinations such as Sea World, Legoland, San Diego Padres, San Diego Chargers, Del Mar Thoroughbred Club, The San Diego Zoo and Wild Animal Park.

Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers(R), The Mills(R), community/lifestyle centers and international properties. It currently owns or has an interest in 380 properties comprising 258 million square feet of gross leasable area in North America, Europe and Asia. The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG. For further information, visit the Company's website at www.simon.com.

SOURCE Simon Property Group, Inc.

/CONTACT: Masa Liles, +1-619-297-3381, Les Morris, +1-317-263-7711, Julie Walke, +1-858-729-9933, all for Simon Property Group, Inc. /

/Web site: http://www.simon.com /