1. Corporate Prepaid Solutions forReward, Recognition, Incentive, Loyalty & Gifting Programs Simon Property GroupPrien Lake MallSimone Soileau Phone: (337) 477-7487 Email: ssoileau@simon.com

2. Simon at a Glance 336 properties in 41 states plus Puerto Rico S&P 500 company and the largest public U.S. REIT/largest U.S. retail REIT Total Market Capitalization of approximately $66 billion Approximately $60 billion of annual retail sales generated at properties in the U.S. Annual consolidated revenues approximately $4.0 billion Over 5,000 employees Owns interests in 45 shopping centers in Italy; 8 Premium Outlet Centers in Japan; 2 Premium Outlet Centers in South Korea and 1 Premium Outlet Center in Mexico Regional Malls Premium Outlet CentersThe Mills Community/Lifestyle Centers International PropertiesOver one third of America shops at Simon malls. 2 3. 336 Properties in 41 States & Puerto RicoRegional MallsThe MillsPremium Outlets3 4. Simon B2B Card Portfolio Core ProductsSales Incentives / Safety Awards / Attendance Awards / Anniversary Gifts Promotional Offers / Product Rebates / Client Gifts & Rewards / Budgeting ToolsAmerican Express Simon GiftcardAmerican Express Rewardcard Rewardcard US Bank 4 5. The American Express Simon Giftcard Distribution Channel On-mall & On-Line Corporate Self Service at www.simon.com/volume Card Purchase Fees: Simon American Express Giftcard1-24 cards$2.95 per card25-99 cards $2.50 per card100-249 cards $2.00 per card250-999 cards $1.50 per card1,000+ cards$1.00 per card Processing / Shipping (on-line orders only) Includes 2 lines of personalization (embossing) Available at the mall 21 characters on each line, including spacesand on-line. 1-24 cards$10.00 (+ shipping)25-99 cards $15.00 (+ shipping)100-249 cards $20.00 (+ shipping)250-999 cards $25.00 (+ shipping)1,000+ cards$30.00 (+ shipping) No fees after purchase, card funds do not expire No fee to replace a lost/stolen or expired card Cant be sold in or shipped to the state of VermontThe American Express Simon Giftcard: Use only at US merchants that accept American Express Cards except cruise lines and casinos. Not for use atATMs or for recurring payments. Not redeemable for cash. No fees after purchase. For more information, customer service, or Cardholder Agreementvisit simongiftcard.com or call 1-800-331-5479. Issued by AEPCMC by license from American Express Travel Related Services Co., Inc. 5 6. The American Express Rewardcard Distribution Channel Exclusively on-line at www.simon.com/volume Card Purchase Fee: $0 Processing / Shipping Includes 2 lines of personalization (embossing) 21 characters on each line, including spaces 1-24 cards$10.00 (+ shipping)25-99 cards $15.00 (+ shipping)100-249 cards $20.00 (+ shipping)250-999 cards $25.00 (+ shipping)Available on-line only.1,000+ cards$30.00 (+ shipping) No monthly fees No fee to replace a lost/stolen card Card funds expire when card expires Card and card funds expire at the end of the 8th calendar month after month of purchase The expiration date is printed on the back of the card Can only be sold to corporations for loyalty, award & promotional programs No resale to consumers for monetary consideration Cant be sold in or shipped to Delaware, Maine or New HampshireThe American Express Rewardcard: Use only at US merchants that accept American Express Cards except cruise lines and casinos. Not for use atATMs or for recurring payments. Not redeemable for cash. No fees after purchase. Funds expire on the date printed on the back of the card. Formore information, customer service, or Cardholder Agreement visit www.simon.com/rewardcard or call 1-800-297-7327. Issued by AEPCMC by licensefrom American Express Travel Related Services Co., Inc.6 7. The Rewardcard (a Visa prepaid card) Distribution Channel On-mall & On-Line Corporate Self Service at www.simon.com/volume Card Purchase Fees: Rewardcard 1-24 cards $2.95 per card 25-99 cards$2.50 per card 100-249 cards$2.00 per card 250-999 cards$1.50 per card 1,000+ cards $1.00 per card Processing / Shipping (on-line orders only) Includes 2 lines of personalization (embossing) 21 characters on each line, including spacesAvailable at the mall 1-24 cards$10.00 (+ shipping) and on-line. 25-99 cards $15.00 (+ shipping) 100-249 cards $20.00 (+ shipping) 250-999 cards $25.00 (+ shipping) 1,000+ cards$30.00 (+ shipping) $3.95 monthly fee beginning with the 13th month from issuance $15 to replace a lost/stolen card or expired card Card expires within 2 yearsThe Rewardcard (a Visa prepaid card) cannot be reloaded with additional funds or used at an ATM (Automated Teller Machine). Use atmerchants worldwide that accept Visa debit cards. The Rewardcard is subject to terms and conditions, including a purchase fee andother fees. See the Cardholder Agreement for details. The Cardholder Agreement is available at Simon Guest Services, online atwww.simon.com/myrewardcard, and in materials that accompany each card. The Rewardcard is issued by U.S. Bank NationalAssociation or MetaBank. 7 8. Which Card Is Right For Your Company? The American Express Simon Giftcard: Good where American Express Cards are accepted in the US1 Card purchase fee of $2.95 or less based on quantity No monthly administrative fees No fee to replace a lost/stolen card2 No fee to replace an expire card Card plastic expires within 7 years Sold at Simon malls and on-line The American Express Rewardcard: Good where American Express Cards are accepted in the US1 No card purchase fee No monthly administrative fees No fee to replace a lost/stolen card2 Card and card funds expire at the end of the 8th calendar month after month of purchase Sold exclusively on-line at www.simon.com/volume The Rewardcard (a Visa prepaid card): Good anywhere Visa debit cards are accepted in the world Card purchase fee of $2.95 or less based on quantity $3.95 monthly administrative fee beginning with the 13th month from the month of issuance $15 fee to replace a lost/stolen card $15 fee to replace an expired card Card expires within 2 years Sold at Simon malls and on-line1 Except cruise lines and casinos2 Only unused balance at time card is reportedlost/stolen can be replaced8 9. Co-Brand Cards! Add your single color logo Add your logo to the: The American Express Simon Giftcard The American Express Rewardcard The Rewardcard (a Visa prepaid card) Available on-line only $250 one-time set up fee $0.25/card surcharge to standard card purchase fee Approximately 4-5 week set up Choose from overnight, 2nd day or 3rd day shipping when your program is set up; all orders are then fulfilled via your selected shipping method9 10. Create 100% Custom Face Cards! Customize a card to your brand Available on American Express Simon Giftcard, American ExpressRewardcard and Rewardcard (Visa prepaid card) platforms Minimum of 600 total cards Fulfillment available on-line only Per card production fee based on quantity of cards produced and artwork; fee paid prior to plastics production Card purchase fees, processing fees and shipping fees based oncard quantity in each individual fulfillment order basis Card expiration date determined when you submit orders againstyour inventory of cards Set up takes approximately 5-6 weeks from the time we have artwork Estimated per card production costs (actual may vary based on artwork):American Express PlatformVisa Platform 600 cards = $4.00 per card600 cards = $2.50 per card2,500 cards = $1.55 per card2,500 cards = $1.25 per card5,000 cards = $1.10 per card5,000 cards = $0.90 per card10,000 cards = $0.70 per card10,000 cards = $0.65 per card10 11. Volume Purchase Website: www.simon.com/volume11 12. Quick, Convenient On-line Ordering with more Options Four (4) ways to order Single denomination with same embossed message Multiple denominations with same or different embossed messages Upload a spreadsheet (template provided) for large bulk shipments orders Upload a spreadsheet (template provided) with individual addresses Four (4) shipping methods (overnight, 2nd day, 3rd day, U.S. mail) Complimentary embossing on each card with every order up to 21 characters per line (including spaces between words) Choose from 2 activation options when you set up your profile Self activate orders on demand Automatic activation with no action required Card holder activation (available and required on U.S. mail delivery only) Exportable reporting of order information, including order information Keep all order information in profile history, including order delivery information12 13. Multiple Denominations & Personalization in the same Order 13 14. Search by Card #, View Tracking #, View Order Status 14 15. Simon Giftcard & Rewardcard Customer Service Simon provides complete customer service for corporate clients and theiremployees Local mall support, telephonic support and web support Customer Service Support Includes Balance inquiry and transaction history provided at the mall, or 24/7 at www.simongiftcard.com, and via a toll free number printed on the card. Frequently Asked Questions regarding Simon Giftcards. Lost/stolen replacement and expired card replacement as allowed by the Terms & Conditions of the card (only via telephone support). Why Simon? The Rewardcard & Simon Programs give you a choice between American Express and Visa. The American Express Rewardcard and American Express Simon Giftcard can be used virtually anywhere the American Express card is accepted in the U.S. (except cruise lines and casinos). Visa Rewardcards can be used anywhere Visa debit cards are accepted in the world. All three cards are welcome at any Simon mall. We service over 10,000 businesses nationwide product expertise Competitive pricing with customization and personalization options available A national distribution channel at Simon malls, local mall staff ability to execute personalized customer service, and corporate on-line self service for our corporate clients15 16. Card ProfilesThe American Express Simon Giftcard The American Express RewardcardThe Rewardcard (a Visa prepaid card)Freedom of Choice: The American Freedom of Choice: The American Freedom of Choice: The Rewardcard is a Express Simon Giftcard is an Amex Express Rewardcard is an Amex Visa flagged prepaid card and can be used flagged prepaid card and can be used flagged prepaid card and can be used anywhere Visa debit cards are accepted where American Express cards are where American Express cards are worldwide, including any Simon mall. The accepted in the US, including any Simon accepted in the US, including anyrecipient can even register their card and mall.Simon mall. shop on-line.Convenience: American Express Simon Convenience: American Express Convenience: The Rewardcard offer Giftcards offer one-stop shopping. WithRewardcards offer one-stop shopping. one-stop shopping. You can purchase the our nationwide distribution channel, you Purchase on-line atRewardcard at www.simon.com/volume or may choose to purchase Simon Giftcards www.simon.com/volume. Cards cantat Simon malls. in person at your local Simon mall, or on- be sold in or shipped to Delaware, Financial Flexibility: Available in line at www.simon.com/volume. CardsMaine or New Hampshire.denominations of $20 to $500. The cant be sold in or shipped to Vermont. Financial Flexibility: Available inRewardcard is non-reloadable.Financial Flexibility: Available indenominations of $20 to $500. Product Support: Balance inquiry denominations of $20 to $500. American American Express Rewardcards are assistance available at the mall, 1-800 Express Simon Giftcards are non- non-reloadable.number or on-line at reloadable. Product Support: Balance inquiry www.simon.com/myrewardcard. CardsProduct Support: Balance inquiry assistance available at the mall, 1-800can also be replaced if lost or stolen. assistance available at the mall, 1-800number or on-line at Competitive Pricing: Our pricing number or on-line at www.simon.com/rewardcard. Cardsschedule is significantly lower than similar www.simongiftcard.com. Cards can alsocan also be replaced if lost or stolen.reward card programs and we offer a wide be replaced if lost or stolen. Competitive Pricing: The Americanvariety of payment options.Competitive Pricing: Our pricing Express Rewardcard is competitively Time to Decide: The minimum expiration schedule is significantly lower than priced with no handling fee. There are date on the Rewardcard is 20 months after similar Giftcard programs and we offer a no monthly administrative fees on thethe date of purchase, so recipients have wide variety of payment options. American Express Rewardcard. time to decide what they would like to buy!Time to Decide: The funds on the Funds Expiration: The funds on the Monthly administrative fees do not begin American Express Simon Giftcard dontAmerican Express Rewardcard expire until the thirteenth month after card expire (though the physical card willat the end of the 8th calendar month purchase. expire on the valid through date shown after month of purchase. The expiration Security: Like other Visa debit card on the card), so recipients have time to date is printed on the back of the card. products, the Rewardcard offers zero decide what they want to buy. ExpiredOnce expired, the card and remaining liability protection, including lost and stolen cards can be replaced at no cost. Therecard value can not be replaced.card replacement, if you can provide the are no monthly administrative fees on the card number. Expired card replacement American Express Simon Giftcard.also available. 16 17. Thank you for your interest.We look forward to earning your business! Simon Corporate Prepaid Solutions The Perfect Fit For YourReward, Recognition, Incentive, Loyalty & Gifting Programs