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Arundel Mills Announces 11 New Stores Equaling 35,000 SF of New Retail

Hanover, Maryland, May 8, 2008 - Shopping options at Arundel Mills continue to grow this spring with 11 new stores equaling 35,000 square feet of new or newly-renovated retail.

“The addition of these popular stores is part of an on-going initiative to provide customers with new ideas, brands, and experiences to ensure their shopping needs are met,” comments Gene Condon, vice president and general manager, Arundel Mills. Arundel Mills offers a large number of diverse shopping, dining and entertainment choices with 17 anchor stores, more than 200 full, outlet and value-priced retail shops, plus a wide array of dining and entertainment options.

Arundel Mills is pleased to announce the following new additions:

Ann Taylor Factory Store – Now Open
Part of the Ann Taylor Stores Corporation, Ann Taylor Factory Store is a popular shopping destination with merchandise specifically designed and made to carry the Ann Taylor Factory Store label, at factory prices. The store offers sophisticated and refined style for women who always want to look appropriate in classic, updated fashion. www.anntaylor.com

Body Basics – Now Open
Featuring a vast assortment of sleepwear and intimate appeal, Body Basics is a niche specialty store.

Disney Store Outlet – Now Open
The Disney Store, which debuted nationwide in 1987, offer customers a wide range of Disney branded merchandise including apparel, toys, books and interactive games. The outlet concept carries the same merchandise mix at a discounted price point. www.disney.com

Esprit Outlet - Opening May
Esprit is an international youthful lifestyle brand offering smart and affordable luxury and bringing newness and style to the life of its customers. A staple of the fashion industry for decades, Esprit's collections circa 2008 features a European flair. www.esprit.com Page 2 / Arundel Mills Announces New Stores

Jasmine Smoothie World & Bubble Tea – Now Open
Founded in 2003, Jasmine Smoothie World & Bubble Tea serves refreshing, enjoyable, and healthy non-fat bubble drinks and nutritional smoothies to its customers and is the only registered franchise company in the bubble tea business in the US. www.jasminetradecorp.com

Levis® / Dockers Outlet by Most – Now Open
For more than 130 years, Levi's® has defined denim. Today The Levis / Dockers Outlet by Most offers an incredible array of high-quality, great-fitting jeans, from the iconic 501® to the sexy, hand-crafted luxury of Levi's® most premium denim to the contemporary styles of SilverTab®. www.levis.com

Oakley Vault – Opening June
Oakley was created for world-class athletes, those who see the limits of possibility as just another challenge. Oakley Vault offers a full selection of market-leading products including premium sunglasses, goggles, prescription eyewear, apparel, footwear and accessories…all at wallet-friendly prices. www.oakley.com

Rafets Hairmasters – Now Open
Home to expert coloring and hair design for both men and women, Rafets Hairmasters is truly an international establishment with talented hair stylists from around the world who offer tremendous experience and knowledge of all types of hair and hairstyles. www.rafets.com

Robert Wayne Footwear - Opening May
Robert Wayne was one of the first retailers to sell Dr. Martens, and is currently the premier destination in the markets that it serves for Dr. Martens, Converse, Puma, Vans, Heelys, Adidas, DC, UGG Australia, Timberland and Harley Davidson. Robert Wayne Footwear has earned a reputation as being a leader in fashion footwear, and is on the cutting edge of the newest styles in the industry. www.robertwayne.com

Top of the Line – Opening May
Since 1983, Top of the Line has been offering consumers tremendous savings on quality products, and today is a leader in the wholesaling of national and international-brand cosmetics and fragrances, as well as one of America's largest discount fragrance and cosmetic chains. www.tolfranchise.com

Zumiez – Now Open
Zumiez is a leading specialty retailer of action sports related apparel, footwear, equipment and accessories. The store caters to young men and women between ages 12-24, focusing on skateboarding, surfing, snowboarding, motocross and BMX. www.zumiez.com

About Arundel Mills:
Arundel Mills is conveniently located 10 miles south of Baltimore and 20 miles north of Washington, DC. With 17 anchor stores, 200 outlet and value-oriented specialty stores and a plethora of themed restaurants and entertainment options, Arundel Mills is an experience not to be missed. Arundel Mills is managed by a subsidiary of Simon Property Group headquartered in Indianapolis, IN. The mall's website is www.arundelmills.com.

About Mills:
The Mills is one of Simon Property Group's five real estate platforms. With 17 properties totaling over 24 million square feet, The Mills properties are large retail venues focused on delivering value to the consumer. The Mills brand offers a broad and unique mix of full-price, value and outlet retail and family-oriented dining and entertainment options, featuring the most popular consumer brands and concepts. Mills projects are well-located in major metropolitan markets. Notable properties include Arundel Mills (Baltimore), Grapevine Mills (Dallas), Opry Mills (Nashville) and Sawgrass Mills (Ft.Lauderdale/Miami).

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®, The Mills®, community/lifestyle centers and international properties. It currently owns or has an interest in 382 properties comprising 260 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.

MEDIA CONTACT:
Stephanie Orton Lynch / MJ Marketing
(703) 683-9631 / Stephanie@mjmarketingpr.com