Simon Malls | More Choices®

INDIANAPOLIS, June 7 /PRNewswire-FirstCall/ -- Simon Property Group, Inc. (NYSE: SPG) announced today that financial and operational results for the quarter ended June 30, 2005, will be released before the market opens on July 28, 2005. The Company will host its quarterly earnings conference call and an audio webcast on July 28th at 4:00 p.m. Eastern Daylight Time.

The live webcast will be available in listen-only mode at http://www.simon.com (About Simon tab), http://www.fulldisclosure.com and http://www.streetevents.com . If you are unable to participate during the live webcast, an audio replay will be available beginning at 6:00 p.m. Eastern Daylight Time on July 28, 2005, and will be available until midnight, August 12, 2005, by dialing 1-888-286-8010 and entering the passcode "27186693". The call will also be archived on http://www.simon.com , http://www.fulldisclosure.com and http://www.streetevents.com for approximately 90 days.

Simon Property Group, Inc., headquartered in Indianapolis, Indiana, is a real estate investment trust engaged in the ownership, development and management of retail real estate, primarily regional malls, Premium Outlet(R) centers and community/lifestyle centers. The Company's current total market capitalization is approximately $38 billion. Through its subsidiary partnership, it currently owns or has an interest in 295 properties in the United States containing an aggregate of 201 million square feet of gross leasable area in 40 states plus Puerto Rico. Simon also holds interests in 52 European shopping centers in France, Italy, Poland and Portugal; 5 Premium Outlet centers in Japan; one Premium Outlet center in Mexico; and one shopping center in Canada. Additional Simon Property Group information is available at http://www.simon.com .

SOURCE: Simon Property Group, Inc.

CONTACT: Investors: Shelly Doran, +1-317-685-7330, Media: Les Morris,
+1-317-263-7711, both of Simon Property Group, Inc.
Web site: http://www.simon.com