SAN FRANCISCO PREMIUM OUTLETS®

More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets.

From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be.

We deliver:

SCALELargest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENTActive portfolio management increases productivity and returns

GROWTH Core business and strategic acquisitions drive performance

EXPERIENCE Decades of expertise in development, ownership, and management

That’s the advantage of leasing with Simon.

THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER

More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets.

From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be.

We deliver:

SCALELargest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENTActive portfolio management increases productivity and returns

GROWTH Core business and strategic acquisitions drive performance

EXPERIENCE Decades of expertise in development, ownership, and management

That’s the advantage of leasing with Simon.

THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER

PROPERTY OVERVIEW

Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014).

SAN FRANCISCO PREMIUM OUTLETS®

LIVERMORE, CA

SELECT TENANTS

Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH, Bloomingdale’s - The Outlet Store, Abercrombie & Fitch Outlet, Armani Outlet, Brunello Cucinelli, Burberry Factory Outlet, Coach, Elie Tahari Outlet, Etro, HUGO BOSS Factory Store, J.Crew Factory, Joe’s Jeans, kate spade new york, MaxMara Outlet, Michael Kors Outlet, NikeFactoryStore, Polo Ralph Lauren Factory Store, Prada, Theory Outlet

TOURISM / TRAFFIC

The San Francisco metro market receives 16.5 million visitors that spend a total of $8.93 billion annually. Air traffic at San Francisco International Airport is 39.98 million annually making it the ninth most traveled airport in North America and the 23rd most traveled in the world. The Oakland International Airport, which also serves the San Francisco area, serves over 11 million passengers a year. There are over 33,400 hotel rooms within the city limits of San Francisco and thousands more in the Greater Bay region. San Francisco area visitors have an average annual household income of $98,591.

MAJOR ATTRACTIONS

Many San Francisco attractions are both world-renowned and iconic such as the Golden Gate Bridge, Chinatown, Fisherman’s Wharf, Alcatraz, the city’s Cable Cars and Coit Tower. In addition to the many attractions in San Francisco, the East Bay region and the Livermore Valley offer a variety of charming points of interest as well. With more than 60 wineries, scenic vineyards, delightful restaurants, parks and museums, the area makes for an exciting and beautiful destination.

LOCATION / DIRECTIONS

Located on I-580E, Exit 48

— From the West: Follow I-580 to Exit 48 El Charro Road, the center is to the right after exiting the freeway

— From the East: Follow I-580 to Exit 48 Fallon Road, the center is to the left after exiting the freeway

Livermore

Pleasanton

LIVERMORE MUNICIPAL AIRPORT

Stanley Blvd

Dublin Blvd

Arthur H. Breed, Jr. Fwy

W. Jack London Blvd.

Fallon Road

El Charro Road

680

680

580580580580

84

84

San Francisco

San Jose

SAN FRANCISCO PREMIUM OUTLETSLIVERMORE, CAMAJOR METROPOLITAN AREAS

San Francisco: 40 miles San Jose: 45 miles

RETAIL

GLA (sq. ft.) 512,000; 130 stores Expansion GLA (sq. ft.) 185,000 sf

OPENING DATES

Opened November 2012 Expansion Opening August 2015

PARKING RATIO

4.3:1

RADIUS POPULATION

15 mile population: 915,57730 mile population: 4,475,565 45 mile population: 7,437,906

AVERAGE HH INCOME

30 mile average: $103,944

NO

RTH

I-580

SITE AND PLAN

CurrentExpansion

I-580

Lexington Hills

Riverdale Park

Daly City

Walnut Grove

San Ramon

Oakland

Ripon

Monterey Park Tract

Freeport

Alto

Clyde

Cowan

Santa Cruz

Port Costa

Rollingwood

Fruitdale

Hood

Paradise Park

Tomales

Bayview

Amador City

Burbank

Broadmoor

Ladera

Acalanes Ridge

Isleton

Taft Mosswood

Muir Beach

West Menlo Park

Bret Harte

Elmira

East Richmond Heights

Airport

Cambrian Park

North GateContra Costa Centre

Eldridge

Castle Hill

PachecoLincoln Village

Mount Hermon

Acampo

Terminous

Kensington

Plymouth

Roseland

Valley Home

Crockett

Boyes Hot Springs

Freedom

Saranap

Stevinson

Hick

Kennedy

Cherryland

North Fair Oaks

Alum Rock

August

Victor

Nicasio

Diablo

StrawberryStinson Beach

Oakville

Loyola

Lodi

San Geronimo

Yountville

Gustine

Vine Hill

Ross

Graton

Camino Tassajara

Buena Vista

Empire

Westley

Piedmont

Rutherford

Hughson

Temelec

Loma Mar

West Modesto

Courtland

Highlands-Baywood Park

Ashland

CotatiSilverado Resort

Sebastopol

Colma

Country Club

Clarksburg

Del Rio

Emeryville

Alhambra Valley

Denair

Glen Ellen

Newman

Sausalito

Franklin

Moss Beach

Fairfax

Martell

East Foothills

Escalon

Waterford

Grayson

Camanche North Shore

Peters

Farmington

Sutter Creek

Garden Acres

Valley Ford

San Anselmo

Black Point-Green Point

Zayante

Sonoma

Moskowite Corner

Keyes

Fairview

odega

Morada

Mo

French Camp

Crows Landing

Mountain House

Millbrae

Davenport

Lompico

Delhi

Norris Canyon

Point Reyes Station

Livingst

J

Brookdale

Montara

Hilmar-Irwin

Drytown

Penngrove

Suisun City

Pescadero

Riverbank

Lagunitas-Forest Knolls

La Honda

Corte Madera

Volta

Wallace

Santa Nella

Felton

Rodeo

Ione

American Canyon

dental

Camanche Village

Kenwood

Diablo Grande

East Oakda

Forestville

Waterloo

Allendale

San Bruno

Salida

Bethel Island

San Carlos

Lucas Valley-Marinwood

Blackhawk

Bolinas

Galt

Patterson

Oakdale

Campbell

Hillsborough

Aptos

Hartley

Half Moon Bay

Los Altos

Byron

Collierville

Inverness

Discovery Bay

Rio Vista

Rohnert Park

Clay

Dixon

Bay Point

Herald

Linden

Boulder Creek

Green Valley

Lockeford

Rancho Calaveras

Knightsen

Ben Lomond

Corralitos

Portola Valley

Moraga

Valley Springs

Alamo

Los Banos

Los Gatos

Cupertino

San Martin

Woodside Mountain View

Saratoga

Dogtown

Morgan Hill

Pinole

Milpitas

Newark

Petaluma

Brentwood

Dublin

Benicia

Gilroy

Oakley

Castro Valley

Turlock

Vineyard

Manteca

Napa

Santa Clara

Day Valley

Pittsburg

Union City

Foster City

BrisbaneTracy

Lathrop

Alameda

Pleasanton

Livermore

Sunol

Novato

Vacaville

Wilton

Antioch

South San Francisco

Concord

Modesto

Santa Rosa

Elk Grove

Vallejo

Hayward

Stockton

Fremont

San Jose

San Francisco

923

25

2

3

5

7

10

11

14

16

17

18

19

20

21

22

24

26

28

12

273129

6

32

33

3435

36

37

38

30

13

15

30

242832

17

25

20

11

18

1431

34

6

719

51236

8

21

2

1315

35 33

310

4

22923

2726

16

1

29

SURROUNDING AREA CENTERS

Simon CentersCompetition

SURROUNDING AREA CENTERS

1 San Francisco Premium Outlets® 2 Bay Street Emeryville3 Bayfair Center4 Broadway Plaza5 Cupertino Square Mall6 Eastridge Mall7 Great Mall8 Hillsdale Shopping Center9 Hilltop Mall10 Marina Square Center11 Newpark Mall12 Santana Row13 Serramonte Center14 Sherwood Mall15 Shops at Tanforan16 Solano Town Center17 Somersville Towne Center18 Southland Mall19 Stanford Shopping Center20 Stoneridge Mall21 Stonestown Galleria22 Sunvalley Mall23 The Mall at Northgate24 The Promenade Shops at

Orchard Valley25 The Streets of Brentwood26 The Village at Corte Madera27 Town Center Corte Madera28 Tracy Outlets29 Vacaville Premium Outlets30 Vintage Faire Mall31 Weberstown Mall32 West Valley Mall33 Westfield Metreon34 Westfield Oakridge35 Westfield San Francisco Centre36 Westfield Valley Fair

OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Stoneridge Shopping Center®Pleasanton, CA 1,301,000 sf Nordstrom, Macy’s, JCPenney, Sears 6 miles / 10 minutes

Stanford Shopping Center Palo Alto, CA 1,234,000 sf Neiman Marcus, Nordstrom,

Bloomingdale’s, Macy’s 39 miles / 51 minutes

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Great Mall®Milpitas, CA 1,366,000 sf Neiman Marcus Last Call,

Saks Fifth Avenue OFF 5TH 29 miles / 34 minutes

Vacaville Premium Outlets®Vacaville, CA 440,000 sf 61 miles / 1 hour 5 minutes

Gilroy Premium Outlets®Gilroy, CA 578,000 sf Saks Fifth Avenue OFF 5TH 62 miles / 1 hour 7 minutes

60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 premiumoutlets.com

Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).