Simon Property Group Announces Reporting Information for 2006 Distributions

INDIANAPOLIS, Jan. 9 /PRNewswire-FirstCall/ -- Simon Property Group, Inc. (the "Company") today announced 2006 year-end tax reporting information.

Simon Property Group, Inc. Common Stock CUSIP 828806109 Ticker Symbol: SPG Record 2/17 Record 5/17 Record 8/17 Record 11/16 % of Dividend Annual Dates Pmt 2/28 Pmt 5/31 Pmt 8/31 Pmt 11/30 Totals Total Total Distribution per Share $0.76 $0.76 $0.76 $0.76 $3.04 Taxable Ordinary Dividends $0.61864 $0.61864 $0.61864 $0.61864 $2.47456 81.4% Qualified Dividends $0.0057 $0.0057 $0.0057 $0.0057 $0.0228 (included in Taxable Ordinary Dividends) Total Capital Gain Distribution $0.14136 $0.14136 $0.14136 $0.14136 $0.56544 18.6% Unrecaptured Sec. 1250 Gain $0.013452 $0.013452 $0.013452 $0.013452 $0.053808 (included in Total Capital Gain Distribution) Simon Property Group, Inc. 8.75% Series F Cumulative Redeemable Preferred Stock CUSIP 828806604 Ticker Symbol: SPGPrF Record 3/17 Record 6/16 Record 9/15 Record N/A % of Dividend Annual Dates Pmt 3/31 Pmt 6/30 Pmt 9/29 Pmt 10/4 Totals Total Total Distribution per Share $0.546875 $0.546875 $0.546875 $0.01823 $1.658855 Taxable Ordinary Dividends $0.546875 $0.546875 $0.546875 $0.01823 $1.658855 100% Simon Property Group, Inc. 7.89% Series G Cumulative Preferred Stock CUSIP 828806505 Ticker Symbol: SPGPrG Record 3/17 Record 6/16 Record 9/15 Record 12/15 % of Dividend Annual Dates Pmt 3/31 Pmt 6/30 Pmt 9/29 Pmt 12/29 Totals Total Total Distribution per Share $0.98625 $0.98625 $0.98625 $0.98625 $3.9450 Taxable Ordinary Dividends $0.98625 $0.98625 $0.98625 $0.98625 $3.9450 100% Simon Property Group, Inc. 6.0% Series I Convertible Perpetual Preferred Stock CUSIP 828806802 Ticker Symbol: SPGPrI Record 2/17 Record 5/17 Record 8/17 Record 11/16 % of Dividend Annual Dates Pmt 2/28 Pmt 5/31 Pmt 8/31 Pmt 11/30 Totals Total Total Distribution per Share $0.75 $0.75 $0.75 $0.75 $3.00 Taxable Ordinary Dividends $0.75 $0.75 $0.75 $0.75 $3.00 100% Simon Property Group, Inc. 8.375% Series J Cumulative Redeemable Preferred Stock CUSIP 828806885 Ticker Symbol: SPGPrJ Record 3/17 Record 6/16 Record 9/15 Record 12/15 % of Dividend Annual Dates Pmt 3/31 Pmt 6/30 Pmt 9/29 Pmt 12/29 Totals Total Total Distribution per Share $1.046875 $1.046875 $1.046875 $1.046875 $4.1875 Taxable Ordinary Dividends $1.046875 $1.046875 $1.046875 $1.046875 $4.1875 100%

Should you need additional information, please call Shelly Doran at 317.685.7330.

THIS INFORMATION REPRESENTS (check one): X FINAL INCOME ALLOCATIONS ----- ----- ESTIMATED INCOME ALLOCATIONS About Simon Property Group

Simon Property Group, Inc., an S&P 500 company 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(R) and community/lifestyle centers. The Company's current total market capitalization is approximately $48 billion. Through its subsidiary partnership, it currently owns or has an interest in 285 properties in the United States containing an aggregate of 201 million square feet of gross leasable area in 38 states plus Puerto Rico. Simon also owns interests in 53 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 http://www.simon.com/. Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG.