Simon Property Group Announces Pricing of its 5.87M Share Offering

Simon Property Group

announced today the pricing of the 5,873,620 shares of its common stock offered by the Melvin Simon Family Enterprises Trust (the "Trust"), as selling stockholder, resulting in gross proceeds of $943,714,525 (before deducting underwriting commissions and offering expenses). The shares offered represent the Trust's entire direct ownership in the Company and Simon Property Group, L.P., the Company's operating partnership subsidiary. The shares are being offered under the Company's effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). Neither the Company nor any of its affiliates, including officers and directors, sold any shares in the offering. BofA Merrill Lynch acted as the sole book-running manager for the offering.