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Simon Property Group Announces Pricing Of Common Stock Offering By Melvin Simon Family Enterprises Trust

Stocks in this article: SPG

INDIANAPOLIS, Sept. 20, 2012 /PRNewswire-FirstCall/ -- Simon Property Group, Inc. (NYSE: SPG) 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.

A prospectus and preliminary prospectus supplement relating to this offering has been filed with the SEC and is available on the SEC's website at http://www.sec.gov. Copies of the prospectus and final prospectus supplement relating to these securities may be obtained, when available, from BofA Merrill Lynch, 222 Broadway, 7 th Floor, New York, NY 10038, attention: Prospectus Department or email dg.prospectus_requests@baml.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

This press release contains forward-looking statements regarding the offering of shares of the Company's common stock owned by the Trust.  These forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially from projections.  Readers should carefully review the Company's financial statements and notes thereto, as well as the risk factors described in its most recent annual and quarterly periodic reports and other reports filed from time to time with the SEC.  These forward-looking statements reflect management's judgment as of this date, and the Company assumes no obligation to revise or update them to reflect future events or circumstances.

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