CORRECTING and REPLACING Webcast Alert: Simon Property Group Announces Its REIT/Real Estate On-line Forum Presentation
INDIANAPOLIS, Oct 04, 2007 (BUSINESS WIRE) -- The first graph of the release dated October 3, 2007 should read: Simon Property Group, Inc. (NYSE: SPG) today announced that Stephen E. Sterrett, Chief Financial Officer, will provide an overview of the Company's business and strategies as part of the REIT/Real Estate On-line Forum on October 4, 2007 at 10:00 a.m. Eastern time (sted Simon Property Group, Inc. (NYSE: SPG) today announced that Stephen E. Sterrett, Chief Financial Officer, will provide an overview of the Company's business and strategies as part of the REIT/Real Estate On-line Forum on October 4, 2007 at 1:00 p.m. Eastern time.)

The corrected release reads:

WEBCAST ALERT: SIMON PROPERTY GROUP ANNOUNCES ITS REIT/REAL ESTATE ON-LINE FORUM PRESENTATION

Simon Property Group, Inc. (NYSE: SPG) today announced that Stephen E. Sterrett, Chief Financial Officer, will provide an overview of the Company's business and strategies as part of the REIT/Real Estate On-line Forum on October 4, 2007 at 10:00 a.m. Eastern time.

To access the presentation, log on to the web at the address below:

http://www.investorcalendar.com/ClientPage.asp?ID=121538

If you are unable to participate during the live webcast, the call will be available for replay at http://www.investorcalendar.com/ClientPage.asp?ID=121538 or http://www.investorcalendar.com/

About Simon Property Group

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 379 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.

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