1. Simon Giftcard Program Christin Cagle, GSM @ Knoxville Center Mall

2. The Simon Visa Giftcard Program Profile

• • Freedom of Choice: The Simon Giftcard is a Visa flagged prepaid card and can be used anywhere Visa debit cards are accepted, including any Simon mall.

• • Convenience: Simon Giftcards offer one-stop shopping.With our nationwide distribution channel, you may choose to purchase Simon Giftcards on-line atwww.simon.com/volume (since there is no property near your facility)

• • Financial Flexibility: Available in denominations of $10 to $500.Simon Giftcards are non-reloadable.

• • Product Support: Balance inquiry assistance availableat the mall 1-800 number on-line atwww.simongiftcard.com .Cards can also be replaced if lost or stolen.

• • Competitive Pricing: Our pricing schedule is significantlylower than similar giftcard programs and we offer a wide varietyof payment options.

3. Simon Giftcard Portfolio Simon Giftcard (on mall) Simon rewardcard (corporate bulk orders only) Mall of America Giftcard (on mall & online ) Stanford Giftcard (on mall & online) King of Prussia Giftcard (on mall & online) Forum Shops Giftcard (on mall & online) Simon Kravco Giftcard (on mall) Simon Givingcard (on mall & online - future) University of Texas Giftcard (on mall & online) Indiana University Giftcard (on mall & online) Purdue Giftcard (on mall & online) San Antonio Spurs Giftcard (on mall) Indiana Pacers Giftcard (on mall) Dallas Mavericks Giftcard (on mall) Pink Ribbon Giftcard (on mall & online - future) Chelsea Giftcard (on mall & online) 4. Simon B2B Giftcard Products: Versatile, Flexible and Always Popular -------------------------------------------------Custom Cards------------------------------------------------- -------------------------------------------Co-Brand Rewardcards------------------------------------------- Simon GiftcardSimon Rewardcard Sales Incentives / Safety Awards / Attendance Awards / Anniversary Gifts Promotional Offers / Product Rebates / Client Gifts & Rewards / Budgeting Tool 5. The Simon Giftcard Program For your employees and clients

• • Freedom of Choice :Since Simon Giftcards are a Visa flagged product, recipients can choose to spend them at millions of locations worldwide.No returns or exchanges necessary!

• • Time to Decide: The minimum expiration date on Simon Giftcards is 20 months after the date of purchase, so recipients have time to decide what they would like to buy with their Simon Giftcard!Also, monthly administrative fees do not begin until the thirteenth month after card purchase.*

• • Easy to Track: Keeping track of your balance is easy!Just visitwww.simongiftcard.comor call the 800# on the back of the card.Recipients can also register their card on-line to better facilitate internet purchasing.

• • Security: Like other Visa debit card products, the Simon Giftcard offers zero liability protection, including lost and stolen card replacement, if you can provide the card number. Expired card replacement also available.**

* After 13 months of non-use for card sold in NY. ** The Simon Giftcard is issued by MetaBank or U.S.Bank National Association. 6. The Simon Giftcard ProgramVersatile, Flexible and Always Popular

• • Employee incentives

• • • Safety awards

• • • Attendance awards

• • • Employee gifts

• • • Employee perks

• • Client incentives

• • • Promotional rebates

• • • Client gifts / seasonal

• • • Customer service resolution

• • • Customer thank you gifts

• • Other

• • • Charitable donations

• • • Disaster preparedness

• • • Budgetary Tool

7. The Simon Giftcard ProgramVersatile, Flexible and Always Popular

• • Target Market

• • • Clients

• • • Employees

• • Distribution Channel

• • • Local Simon Mall(s)

• • • Corporate web based fulfillment

• • Card Program Options / Cost Structure

• • • Simon Giftcard

• • • • Handling fee per card

• • • • 1 - 10 cards$2.95 per card

• • • • 11-99 cards $2.00 per card

• • • • 100-249 cards $1.50 per card

• • • • 250-9999 cards$1.00 per card

• • • • 1000+ cards$0.75 per card

• • • • Simon Giftcard Carriers / Envelopes Provided

• • • • Customization available - incremental cost for customization

• • • Processing / Shipping / Handling - Only if ordered via the web

• • • Custom card - 10,000 minimum per year

• • • • Handling fee per custom card based on design, color selection, etc.

Handling fee applies.Terms and conditions apply (including an administrative fee of $2.95 per month beginning in the thirteenth month after the month of card purchase, and additional fees which may apply) and are available at participating Simon malls, on-line at www.simongiftcard.com, and in materials which accompany each card.The Simon Giftcard is issued by MetaBank or U.S. Bank National Association. 8. The Simon Giftcard ProgramSimon Giftcard Customer Service

• • Simon provides complete customer service for corporate clients and their employees

• • • Local mall support

• • • Telephonic support

• • • Web support

• • Customer Service Support Includes

• • • Balance inquiry and transaction history provided at mall and atwww.simongiftcard.com , and at toll free number printed on card.

• • • Frequently Asked Questions regarding Simon Giftcards.

• • • Lost/stolen replacement and expired card replacement (only via telephone support).

• • • In most markets free courier service for Giftcards ordered from the local Simon mall.

9. The Simon Visa Giftcard Program Why Simon?

• • Web based fulfillment for markets where Simon does not have a presence (www.simon.com/volume)

• • Simon Property Group is the ideal partner to supply your company with corporate gift cards

• • We service over 10,000 businesses nationwide

• • Prepaid product expertise - largest Visa Gift Card program in the country

• • Simon has a national distribution channel for Simon Giftcards combined with local mall staff ability to execute personalized customer service to our corporate Giftcard clients