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Press Release

Simon Property Group To Broadcast Investor Presentation Live on the Internet

INDIANAPOLIS--(BUSINESS WIRE)--May 29, 2003--Simon Property Group, Inc. (NYSE:SPG) today announced that it will provide an online simulcast of its presentation to the investment community at the 2003 NAREIT Institutional Investor Forum on June 4, 2003 in New York beginning at 10:30 a.m. Eastern Time

The live audio broadcast of SPG's presentation will be available online at www.simon.com (About Simon tab). An online replay of this presentation will be available through June 20, 2003 at 6:00 p.m. Eastern Time.

Simon Property Group, Inc., headquartered in Indianapolis, Indiana, is a real estate investment trust engaged in the ownership and management of income- producing properties, primarily regional malls and community shopping centers. Through its subsidiary partnerships, it currently owns or has an interest in 238 properties containing an aggregate of 182 million square feet of gross leasable area in 36 states, as well as nine assets in Europe and Canada. Additional Simon Property Group information is available at www.simon.com.

CONTACT: Simon Property Group, Inc. Shelly Doran (Investors), 317/685-7330
Les Morris (Media), 317/263-7711

SOURCE: Simon Property Group, Inc.