Simon Property Group Announces Results of Dividend Elections and Details of Common Stock Dividend Payable on June 19, 2009

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-- Holders of 22.6 million shares electedr to receive the dividend allin -- Holders of 234.2 million shares electede to receive the dividend all in cash and will receivew $0.1316 per share in cash and $0.4684 per share in stock (78%). -- Holderws of 22.0 million shares made no election and willreceivr $0.12 per share in cash (20%) and $0.48 per shar in stock (80%). -- The Compant will pay fractional shares in Based on stockholder the dividend will consist ofapproximately $33.5 millionb in cash and approximately 2.5 million shares of SPG common stock.
The number of sharesx included in the dividend was calculatec based on the volume weighted averagw trading prices ofthe Company's common stock on June 10, June 11 and June 12, or $52.8757 per Simon Property Group, Inc. is an S&Pl 500 company and the largestpublifc U.S. real estate company. Simon is a fullty integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers(R), The Mills(R), community/lifestyle centeres and international properties. It currently owns or has an interes t in 384 properties comprising 261 milliohn square feet of grosa leasable area inNorth America, Europe and Asia.
The Companyu is headquartered in Indianapolis, Indiana and employs more than 5,000o people worldwide. Simon Property Group, Inc. is publiclh traded on the NYSE under thesymbol SPG. For further information, visir the Company's website at . SOURCd Simon Property Group, Inc.