Requirements for IMPACT Candidates Are As Follows

IMPACT PROGRAM

MAKING AN IMPACT

Welcome to the Tanger Internship and Management Training Program to Acquire Collegiate Talent (IMPACT) Program. The Tanger IMPACT Program is a professional development program that offers college, business school students and recent college graduates day-to-day experience in marketing and operating a retail outlet shopping center. Currently, the Tanger IMPACT recruit’s training is concentrated in the areas of Marketing, Operations and Leasing, with emphasis on training programs that will generate additional income for the specific center location, while providing hands on industry experience for the candidate.

Requirements for IMPACT candidates are as follows:

 Candidate must either be currently enrolled in a state accredited college or university and maintain a 2.5 GPA or a recent graduate. Candidates working toward or having obtained degrees in Marketing or Business Administration are preferred. Other degrees to be considered include Communications, Public Relations or Fashion Merchandising  Candidate must submit a current resume, complete an application and will be required to interview with the center management teams and the Internship Director.  Candidate will be required to pass all company background checks and will be expected to adhere to all established and documented company policies and procedures.  If internship is resulting in additional college credits, candidate will commit to a predetermined work schedule based on the number of hours required to receive college credit.

IMPACT PROGRAM  Intern must be able to complete IMPACT program at one of the following locations unless approved or requested by Regional Manager, AVP of Operations or VP of Operations:

 Missouri - Branson Alabama - Foley Michigan - Howell and West Branch Iowa – Williamsburg  Texas – San Marcos New York-Riverhead Utah - Park City Illinois – Tuscola

IMPACT PROGRAM BENEFITS IMPACT PROGRAM  Candidate will work in a fluid and fast-paced environment, acquiring industry related skills from experienced management professionals.

 Candidate will become part of the center management team where individual accomplishments are valued as an integral part of the teamwork philosophy.

 Acquire skills on how to create, implement and manage marketing and operations programs that provide financial growth for the company.

 Make industry contacts through networking opportunities.

 Candidates who successfully complete the program will be considered for an Associate Assistant General Manager position in the Tanger Management Training Program (Career Placement Opportunity).

Internships are available year-round to give candidate more flexibility with their college schedule. IMPACT PROGRAM

Center Guidelines

Assigning the IMPACT Program (San Marcos will focus on Marketing but will expose candidate to all programs)  Review the approved IMPACT programs and determine which approved program would best suit the needs of the center and the strengths of the candidate.  Set quantifiable goals and work with candidate to create tactics that will achieve goals.  Create the project initiatives on the form provided and once they are agreed upon by both the Intern and the management team upload the document to your center site under shared documents. Instruct the student to keep this document updated as it will be viewed by multiple team members and serves as a living journal of their accomplishments.

Management of IMPACT Program  Meet weekly to discuss progress and priorities.  Determine if goals need to be adjusted if circumstances warrant.  Complete required 30/60/90 Day Evaluations, forward to internship director and department AVP.  Expose intern to company on a larger scale, allowing intern to shadow other team members if possible.

Evaluation of IMPACT Program  At the end of the internship period, request a list of accomplishments from candidate; use in final evaluation for candidate.  Have candidate complete IMPACT Review: Candidate Summary. Review comments with internship director and department AVP. IMPACT PROGRAM

Company Profile

Tanger Factory Outlet Centers, Inc. is a recognized leader in the development and managing of factory outlet shopping centers, each one known as Tanger Outlet Center. We provide a comprehensive management plan for the centers, including leasing, operating and marketing functions.

Tanger Outlet Centers are characterized by a tenant mix of leading designer and brand-name manufacturers, center attractions and customer amenities. Each shopping center provides a unique shopping experience for the entire family, highlighted by the substantial savings and value provided by the variety of fashion forward and brand-name tenants.

About Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc., (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 39 upscale outlet shopping centers in 25 states coast to coast and in Canada, totaling approximately 11.8 million square feet leased to over 2,500 stores operated by 455 different brand name companies. More than 175 million shoppers visit Tanger Factory Outlet Centers annually. Tanger is filing a Form 8-K with the Securities and Exchange Commission that includes a supplemental information package for the three and nine months ended September 30, 2011. For more information on Tanger Outlet Centers, call 1-800-4TANGER or visit the company's web site at www.tangeroutlet.com. IMPACT PROGRAM

Tanger Outlet Centers are characterized by a tenant mix of leading designer and brand-name manufacturers. Each shopping center provides a unique opportunity for customers to purchase a variety of brand-name products for the entire family directly from the manufacturer at substantial savings. IMPACT PROGRAM Internship Initiatives Marketing The Marketing Initiatives allow the intern to gain experience in every aspect of the corporate and center specific marketing strategy, with focus on those areas that will result in an increase in sales, traffic or on-site income.

Convention/Visitor Bureau  Grass Roots and Niche Marketing

Tourism  Attraction Partnerships  International Marketing  Tanger Referral Incentive Program (TRIP)

Promotional  Implementation and Expansion of National Promotions  Implementation and Expansion of Local Promotions  Implementation and Expansion of Off-Site Promotions

Gift Card  Increasing Individual Sales  Increasing Group/Bulk Sales

Web IMPACT PROGRAM  Social Networking  Blogging and Texting  Web/Internet Enhancements

Customer and Tenant Relations  TangerClub  Tenant Communication and Participation IMPACT PROGRAM Internship Initiatives OPERATIONS The Operations Initiatives allow the intern to gain experience in comprehensive Operations policies and procedures, with a focus on areas of accountability efficiency, safety and on-site income.

Facility Management  Cleanliness Standards and Task Management  OSHA Training  Preventative Maintenance

Lease Required Maintenance  Routine Repair and Maintenance  Fire and Safety Repair and Maintenance  Occasional Repair and Maintenance

Administrative and Fiscal  Communication and Reporting  Accounting  Office Management  Human Resources

Other Vending Income Shopper Income IMPACT PROGRAM  Coke  Snack/Ice Cream  Stroller  Kiddie Ride Tenant Income  On-site Signage  Copy/Fax/Postage  Pad and Storage Rental Service Income  Electric  Refuse Management  Light bulb  DSL

Internship Initiatives IMPACT PROGRAM

LEASING The Leasing Initiatives allow the intern to gain experience in comprehensive Leasing strategy, with a focus on areas of prospective leasing, tenant relations and on-site income.

Prospective Tenant Visits  Market Review and Tour  Center Review and Tour

Communication and Reporting  Market Update  Lease Renewal Database  Non-compliance Policy

Specialty Leasing  Area Canvassing  Tent Sales  Temporary (Holiday) Tenants  Cart/Kiosk

IMPACT PROGRAM EVALUATION IMPACT PROGRAM

Candidates will be evaluated monthly by the on-site General Manager, with the evaluation reviewed by the Internship Director and department Assistant Vice President. At the end of the internship period, the candidate will be asked to provide a list of accomplishments to the on-site General Manager along with the completed Strategic Initiatives Documentation; accomplishments will be used in the candidate’s final performance evaluation and IMPACT program summary.

In addition to the final performance evaluation, the candidate will provide an evaluation of the IMPACT program, providing recommendations on how the program can be improved.