SEATTLE PREMIUM OUTLETS® 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:

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

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENT Active 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. PROPERTY OVERVIEW

Vancouver

Richmond 99

5 ® SEATTLE PREMIUM OUTLETS

TULALIP, WA SEATTLE PREMIUM OUTLETS

TULALIP, WA V Arlington ANCOUVER, BC MAJOR METROPOLITAN AREAS SELECT TENANTS 531 Tulalip

Seattle: 35 miles Abercrombie & Fitch, adidas, Ann Taylor Factory Store, Banana Republic Marysville Vancouver, BC: 110 miles Factory Store, BCBGMAXAZRIA, Burberry, Calvin Klein Company 92 Store, Coach, Cole Haan Outlet, Diane von Furstenberg, Elie Tahari Everett Outlet, HUGO BOSS Factory Store, J.Crew Factory, kate spade new RETAIL 2 york, Kenneth Cole Company Store, Michael Kors Outlet, Movado, GLA (sq. ft.) 555,000; 125 stores NikeFactoryStore, The North Face, Polo Ralph Lauren Factory Store, 5 9 Restoration Hardware, Theory, Tommy Bahama Outlet, True Religion, Lynnwood 522 Tumi 3 OPENING DATES Edmonds 101 Shoreline Opened May 2005 MARKET OVERVIEW 203 Expanded 2006, 2013 405 Seattle, Washington is the 13th largest metropolitan area in the U.S. 520 and the largest in the Pacific Northwest. The area is fifth in the U.S. for Bremerton RADIUS POPULATION concentration of high-tech businesses, with one in 4.5 jobs dependent Seattle 90 15 mile population: 404,836 on technology. The Boeing Company is the area’s largest employer with 30 mile population: 1,434,477 over 98,000 employees; Microsoft Corporation, headquartered in 45 mile population: 2,744,607 Redmond, employs over 15,000 people locally. The major corridor through the market is I-5, with I-405 creating a loop around Seattle. AVERAGE HH INCOME TOURISM / TRAFFIC 30 mile average: $86,851 Tourism is the state’s fourth largest industry, with over ten million visitors annually. Approximately half of these visits are made to the Seattle area. Sea-Tac airport is the closest airport to Asia on the continental U.S. Major tourist attractions include the Seattle Center (featuring the famed Space Needle), the Seattle Aquarium and the new Experience Music Project. Nearby outdoor attractions are Puget Sound, San Juan Islands and the Cascade mountain range, which includes Mount Rainier.

LOCATION / DIRECTIONS

I-5 at 116th Street, NE (Exit 202) Quil Ceda Village, Tulalip, Washington.

­­— Take I-5 to Exit 202 (116th Street, NE). Take 116th Street NE west to Quil Ceda Blvd. Seattle Premium Outlets is located next to the Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). Tulalip Casino. SITE AND PLAN

QUIL CEDA BLVD.

SEATTLE I-5 VANCOUVER

NORTH QUIL CEDA BLVD.

SEATTLE I-5 VANCOUVER SURROUNDING AREA CENTERS

Custer Glacier

Ferndale Deming SURROUNDING AREA CENTERS Marietta-Alderwood Bellingham Simon Centers Geneva Competition Acme Sudden Valley

1 Seattle Premium Outlets® Alger 2 Alderwood Mall 3 The Bellevue Collection Edison Hamilton Friday Harbor Concrete Marblemount 4 Cascade Mall Sedro-Woolley Lyman Anacortes 5 Everett Mall Bay View 4 Burlington Rockport 6 Kitsap Mall 4 Clear Lake 8 7 Northgate Mall Mount8 Vernon 45 MILES 8 The Outlet Shoppes at Burlington La Conner Big Lake 9 Pacific Place Whidbey Island Station Conway 10 Redmond Town Center Lake Cavanaugh 30 MILES Oak Harbor Lake McMurray 11 The Shops at The Bravern Oso Swede Heaven Northwest Stanwood Bryant Darrington 12 University Village StanwoodSunday Lake Arlington Heights 13 Westfield Southcenter Coupeville 15 MILES Silvana Arlington 14 Westlake Center Warm Beach Canyon Creek Angeles Jamestown Port Townsend Marysville Port Angeles East Carlsborg Verlot Sequim Granite Falls Lake1 Cassidy River Road Marrowstone Langley Lake Bosworth Bell Hill Port Hadlock-Irondale Blyn Freeland Hat Island Machias Lake Roesiger Cavalero Clinton Bunk Foss Everett Mukilteo Snohomish Port Ludlow Eastmont5 Chain Lake Woods Creek Hansville Lake Stickney Monroe NorthNorth Sultan Startup Port Gamble Tribal Meadowdale Cathcart Sultan May Creek Quilcene Comunity 2 Lofall Alderwood2 Manor Index Woodway Maltby Brier Bothell East Kingston Shoreline Baring Indianola Lake Forest Park Cottage Lake Poulsbo Bangor Base Suquamish Duvall Kingsgate Lake Marcel-Stillwater Skykomish Keyport 77 Redmond Brinnon Kirkland Union Hill-Novelty Hill Silverdale 10 6 12 10 6 Bainbridge Island 12Hunts Point Carnation Seabeck Tracyton Chico 9 Clyde Hill Ames Lake Seattle149 3311 Rocky Point 14Beaux Arts Village11 Sammamish KlahanieFall City Navy Yard City Manchester Eastgate Issaquah Parkwood Newcastle Snoqualmie Gorst Boulevard Park Riverton Bethel Riverbend Tukwila Mirrormont Tanner 13 Belfair 13Maple Heights-Lake Desire Wilderness Rim Normandy Park Burley Hoodsport Shadow Lake Snoqualmie Pass AllynStansberry Lake Des Moines Covington Ravensdale Union Vaughn Rosedale Raft Island Lakeland North BlackDiamond OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Everett Mall 743,000 sf Macy’s, Sears 14 miles / 15 minutes Everett, WA

Alderwood Mall 1,100,000 sf JCPenney, Macy’s, Nordstrom, Sears 20 miles / 25 minutes Lynnwood, WA

Northgate Mall Nordstrom, Nordstrom Rack, Macy’s, 1,048,000 sf 25 miles / 30 minutes Seattle, WA JCPenney

University Village 400,000 sf Shops & Boutiques 25 miles / 35 minutes Seattle, WA

Pacific Place 335,000 sf Shops & Boutiques 30 miles / 45 minutes Seattle, WA

The Bellevue Collection 1,300,000 sf Macy’s, JCPenney, Nordstrom 35 miles / 45 minutes Bellevue, WA

OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME

The Outlet Shoppes at Burlington 175,000 sf 30 miles / 35 minutes Burlington, WA

North Bend Premium Outlets® 224,000 sf 60 miles / 1 hour 8 minutes North Bend, WA

SuperMall 933,000 sf 80 miles / 1 hour 15 minutes Auburn, WA

Centralia Factory Outlets 204,000 sf 120 miles / 2 hours Centralia, WA 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).