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Entire Chico's Lineup Coming to Coconut Point

Chico's, soma by Chico's, White House I Black Market to Open in Sept '06

INDIANAPOLIS, IN (November 1, 2005) - All of Fort Myers-based Chico's glittering nameplates, Chico's, soma by Chico's, and White House | Black Market, will be on display next year at Coconut Point, a mixed-use, mainstreet regional shopping center project in Estero/Bonita Springs, Florida developed by Simon Property Group, Inc. (NYSE:SPG). Coconut Point will contain approximately 1.2 million square feet of retail space. The Market area of Coconut Point will begin opening stores in April 2006 followed by the remainder of the project in October 2006.

Chico's, soma by Chico's, and White House | Black Market will open in The Village area at Coconut Point in September 2006. The Village is an exciting mix of retail, residential, and office space. The Village will incorporate two parks and many casual gathering spots and will feature a Mediterranean theme.

"We're thrilled to be opening all of our concepts in one great place - Coconut Point," said Mori MacKenzie, Executive Vice President, Chief Stores Officer. "Our goal is to make women look and feel beautiful and we extend that concept to every aspect of our company; from the design of the clothing to the elegant layout of the stores, to the way customers are treated in the store. It all works together to simply make women look and feel great."

Chico's, the exclusively designed, private-label women's retailer will offer casual and sophisticated clothing and related accessories in a 4,441 square foot store at Coconut Point. Chico's unique retail environment makes shopping easy and fun for every occasion. Customers can depend on the sales staff to coordinate, accessorize and help build a wardrobe to suit their needs. New styles can be found every week that offer the most basic pieces, complementary accessories, novelty jackets, and the wrinkle-free Travelers Collection , allowing women to feel comfortable yet stylish.

soma by Chico's will offer a wonderful collection of intimate apparel, sleepwear and loungewear designed to make women look and feel beautiful in a 3,250 square foot store at Coconut Point. soma by Chico's products are made from the highest-grade cotton and microfiber to maintain softness and strength through years of wash and wear.

White House | Black Market is the retail brand well known for feminine, sophisticated apparel and accessories in timeless shades of white and black. The White House | Black Market customer is fashion-conscious and dresses to fit her lifestyle. From wearable classics to sexy, elegant looks for a special night out, to casual separates perfect for any vacation, women trust the versatility of the collection.

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® 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 296 properties in the United States containing an aggregate of 202 million square feet of gross leasable area in 40 states plus Puerto Rico. Simon also owns interests in 51 European shopping centers in France, Italy, and Poland; 5 Premium Outlet® centers in Japan; and one Premium Outlet® center in Mexico. Additional Simon Property Group information is available at www.simon.com.

For Further Information, Please Contact:
Les Morris, Simon Property Group: (317) 263-7711
E-mail: lmorris@simon.com

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