Each Purchase of the New Gift Card Will Support the Susan G. Komen Breast Cancer Foundation INDIANAPOLIS, Sept. 14 /PRNewswire-FirstCall/ -- Simon Property Group (NYSE:SPG) and the Susan G. Komen Breast Cancer Foundation are teaming up to offer consumers a new way to support breast cancer research and education through purchase of the new Simon Pink Ribbon Giftcard. Beginning September 15, 2006, for every Simon Pink Ribbon Giftcard purchased, Simon will pay $1 to the Susan G. Komen Breast Cancer Foundation to support the fight against a disease that will be diagnosed in one in eight U.S. women during their lifetime. "The Komen Foundation is dedicated to collaborating with a variety of organizations to provide meaningful ways for people to make a difference in the fight against breast cancer," said Cindy Schneible, vice president of resource development at the Komen Foundation. "We are proud to have the opportunity to partner with Simon Property Group and provide shoppers nationwide with critical breast health information and the opportunity to make a valuable contribution to breast cancer research and community outreach programs." The co-branded Simon Pink Ribbon Giftcard is a prepaid Visa(R) product issued by MetaBank, a federal savings bank based in Sioux Falls, SD. The card will be sold at 159 Simon malls nationwide and online at http://www.simon.com/. The attractive, all-pink cards are available in denominations from $20 to $500, and can be used wherever Visa debit cards are accepted. The first Simon co-branded gift card was introduced in 2003 with the launch of the Simon Longhorn Giftcard in conjunction with the University of Texas-Austin. Since that time, additional Simon co-branded gift card programs have been introduced which include alliances with Indiana University, Purdue University, Indiana Pacers, San Antonio Spurs and the Dallas Mavericks. Simon has also introduced the Simon Givingcard, from which a portion of the handling fees are paid to leading local and regional charities and to the Simon Youth Foundation. "The Pink Ribbon Giftcard is the first Simon gift card product where a charitable organization itself has become the co-branded partner," said Stewart A. Stockdale, Chief Marketing Officer of Simon Property Group and president of Simon Brand Ventures, Simon Property Group's business-to-consumer division. "We believe the public will embrace this new card for many reasons: The ever-expanding popularity of the Simon Giftcard product; the sales, marketing and distribution network that Simon malls provide for national exposure for the card, and most importantly, the work of the Komen Foundation is widely known and admired by our most prominent demographic, women age 18- 54," he added. "We know that our shoppers care deeply about this cause, as do we," said Michele Sullender, vice president of product development for Simon Brand Ventures. "We are proud of our association with the Komen Foundation and the chance to create this opportunity for our shoppers to support such an extremely important cause and to become a part of a nationwide effort to promote the early detection of breast cancer and to eradicate this deadly disease." "We're especially pleased to be the issuing bank for the Simon Pink Ribbon Giftcard because it represents so much more than a payment product. The Pink Ribbon Giftcard offers the convenience, versatility and universality of the Simon Visa Giftcard, yet it carries so much power in its ability to raise funds for the Komen Foundation and by raising awareness of the organization among all who give, receive and use the product," said Brad Hanson, president of Meta Payment Systems, a division of MetaBank. For more information about the Simon Visa Giftcard program, including the new Pink Ribbon Giftcard, visit http://www.simon.com/. About Susan G. Komen Foundation The Susan G. Komen Breast Cancer Foundation was established in 1982 by Nancy Brinker to honor the memory of her sister, Susan G. Komen, who died from breast cancer at the age of 36. Today, the Foundation is an international organization with a network of more than 75,000 volunteers working through local Affiliates and events like the Komen Race for the Cure(R) to eradicate breast cancer as a life-threatening disease. A global leader in the fight against breast cancer, the Foundation fulfills its mission through support of innovative breast cancer research grants, meritorious awards and educational, scientific and community outreach programs around the world. Through fiscal year 2005, the Komen Foundation, together with its Affiliate Network, corporate partners and generous donors, has invested $630 million in breast cancer research, education, screening and treatment programs. For questions about breast health or breast cancer, visit the Komen Foundation's Web site at http://www.komen.org/ or call the Komen Foundation's National Toll-Free Breast Care Helpline at 1.800.I'M AWARE(R) (1.800.462.9273). 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(R) centers and community/lifestyle centers. The Company's current total market capitalization is approximately $42 billion. Through its subsidiary partnership, it currently owns or has an interest in 284 properties in the United States containing an aggregate of 200 million square feet of gross leasable area in 38 states plus Puerto Rico. Simon also owns interests in 52 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. About Simon Brand Ventures Simon Brand Ventures (SBV), Simon's business-to-consumer arm, has pioneered the transformation of shopping malls into a medium where consumer brands can build one-on-one relationships with shoppers who make approximately 2.4 billion visits to Simon malls each year. Simon's vast franchise of market-leading shopping centers nationwide provides SBV the foundation to monetize the distribution system through numerous consumer ventures. SBV has engaged in a number of consumer business initiatives, including the Simon Giftcard(R), launch of Simon platform programs such as Simon Kidgits Club(R), Simon Super Chefs Live!(R), Simon DTour Live(R), and Simon Evening of Giving(R); a national media delivery channel including static, digital and experiential marketing and advertising vehicles; and multiple national and local marketing alliances with Coca-Cola, Visa U.S.A. and Cingular Wireless, among others. About Meta Payment Systems Meta Payment Systems, a division of MetaBank, offers card issuing and program support to banks, processors, and third-party distributors seeking to develop, market and manage stored-value cards. Meta Financial Group(R), Inc. (NASDAQ NM: CASH) is the holding company for MetaBank. For more information, call (605) 275-9555, or visit http://www.metacash.com/ . DATASOURCE: Simon Property Group, Inc. CONTACT: Susan Luke of Fleishman-Hillard, +1-314-982-1792, ; or Billie Scott of Simon Property Group, +1-317-263-7148, Web site: http://www.simon.com/ http://www.komen.org/ http://www.metacash.com/

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