|Simon Property Group Clarifies Federal Court Ruling|
INDIANAPOLIS, Sept. 12 /PRNewswire-FirstCall/ -- In an effort to correct misconceptions in the media and investment community regarding Wednesday's ruling in the Mall of America partnership litigation, Simon Property Group, Inc. (NYSE: SPG) reiterated today that the decision of the United States District Court for the District of Minnesota found that persons and entities OTHER THAN SPG had violated fiduciary duties owed to Triple Five of Minnesota, Inc. Further, SPG intends to appeal the Court's order.
Simon Property Group, Inc. (NYSE: SPG), 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 239 properties containing an aggregate of 184 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 .
SOURCE Simon Property Group, Inc. -0- 09/12/2003 /CONTACT: Investors, Shelly Doran, +1-317-685-7330, or Media, Les Morris, +1-317-263-7711, both of Simon Property Group, Inc./ /Web site: http://www.simon.com/ (SPG) CO: Simon Property Group, Inc. ST: Indiana IN: RLT SU: LAW WB-JK -- CLF031 -- 8197 09/12/2003 12:06 EDT http://www.prnewswire.com