JOHNSON CREEK 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

JOHNSON CREEK PREMIUM OUTLETS® JOHNSON CREEK, WI JOHNSON CREEK PREMIUM OUTLETS JOHNSON CREEK, WI 26 MAJOR METROPOLITAN AREAS SELECT TENANTS 45 Dells 41 Madison: 30 miles adidas, Banana Republic Factory Store, Calvin Klein Company Store, 151 : 35 miles Carter’s Outlet, Coach, Crocs, Eddie Bauer Outlet, Gap Factory Store, Gymboree Outlet, Jones , LOFT Outlet, NikeFactoryStore, Watertown

OshKosh B’gosh, Polo Ralph Lauren Factory Store, Tommy Hilfiger Madison Milwaukee RETAIL Lake Mills 94 Company Store, Under Armour Factory House, Wilsons Leather Jefferson GLA (sq. ft.) 276,000; 60 stores 14 90 Fort Atkinson TOURISM / TRAFFIC 26 12 OPENING DATES 43 The center is located on the northwest quadrant of I-94 and Hwy. 26 and Opened 1998 is en route to the University of Wisconsin and Wisconsin Dells (2.5 million Expanded 1999 annual visitors). Average daily traffic on I-94 is 29,000 and on Hwy. 26, over 13,000. PARKING RATIO LOCATION / DIRECTIONS 5.22:1 I-94 at Hwy. 26. Thirty miles east of Madison and 35 miles west of Milwaukee, Wisconsin. RADIUS POPULATION

15 mile population: 113,427 ­­— Take I-94 to Hwy. 26, Exit 267 30 mile population: 699,468 45 mile population: 2,528,870

AVERAGE HH INCOME

30 mile average: $79,452

Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). SITE AND PLAN

I-94

RIVER DR.

SR 26

NORTH LINMAR LN. I-94

HIGHWAY 26 SURROUNDING AREA CENTERS

Grand Marsh Van Dyne Princeton Ripon Green Lake Mount Calvary Elkhart Lake St Cloud Howards Grove Rosendale Taycheedah Glenbeulah SURROUNDING AREA CENTERS Oxford Montello Greenbush Packwaukee Fond du Lac Sheboygan Simon Centers Marquette Brandon Plymouth Fairwater Kohler Lyndon Station Endeavor 45 MMarkesanILES Sheboygan Falls Competition Kingston Eden Waldo Cascade Wisconsin Dells Dalton Gibbsville Waupun 1 Johnson Creek Premium Outlets® Oostburg Brownsville Adell Campbellsport 2 Town Center Lake Delton Friesland Fox Lake Lomira Cedar Grove 3 Portage Cambria Random Lake Randolph Kewaskum sburg Pardeeville Kekoskee 4 Theresa 30 MILES Burnett Belgium West Baraboo Wyocena Mayville 5 Greenway Station Rock Springs Baraboo Beaver Dam Fredonia 6 Hilldale Shopping Center North Freedom Rio Doylestown Horicon Allenton Newburg 7 Janesville Mall Juneau Lake Wisconsin Iron Ridge West Bend Port Washington Poynette Fall River 8 Merrimac Saukville 9 Pleasant Prairie Premium Outlets Hustisford Slinger Arlington Lowell Columbus Hartford Jackson Grafton 10 The Shops of Grand Avenue Lodi Clyman 15 MILES Neosho Prairie du Sac Reeseville Cedarburg 11 Southridge Mall Sauk City Dane Lebanon 12 DeForest Germantown Thiensville Windsor Watertown Ashippun Waterloo Milwaukee Bayside Mazomanie Waunakee Sun Prairie Marshall Arena Lannon Fox Point Merton Black Earth Lac La Belle Middleton 4 Johnson Creek Butler 4 Oconomowoc Lake Sussex 2 Cross Plains Lake Mills Nashotah Shorewood 55Shorewood Hills Cottage Grove 1 Oconomowoc Pewaukee 66 Monona 8 1112 Elm Grove Wauwatosa 3 109 Blue Mounds Mount Horeb McFarland Helenville 3 Cambridge Waukesha West Milwaukee Barneveld Sullivan Verona Fitchburg Rome Wales Rockdale New Berlin St Francis 10 Cudahy North Prairie Hales Corners11 Oregon Stoughton Fort Atkinson South Milwaukee Big Bend Franklin Lake Koshkonong Hollandale Palmyra Eagle Mukwonago Muskego Belleville Edgerton Whitewater Brooklyn Oak Creek Potter Lake Wind Lake Blanchardville New Glarus Tichigan Lauderdale Lakes Wind Point Evansville Milton East Troy Waterford North Bay Monticello Lake Lorraine Turtle Lake Rochester Racine Albany 7 Eagle Lake Argyle 7 Burlington Elmwood Park Janesville Elkhorn Union Grove Footville Woodford Hanover Bohners Lake Brodhead Delavan Como Monroe Darien Browntown Juda t Williams Bay Lake Ivanhoe Kenosha South Wayne Paddock Lake Clinton Powers Lake Lily Lake Beloit Walworth Bristol Pleasant9 Prairie Sharon Genoa City Wilmot rren Winslow South Beloit Lake Catherine Winthrop Harbor Orangeville Lake Summerset Hebron Richmond Nora Antioch Rockton Harvard Wadsworth Davis Durand Fox Lake Hills Lindenhurst Beach Park Roscoe Chemung Rock City Capron Greenwood Ringwood Dakota Round Lake Heights Waukegan Lena Machesney Park Caledonia McCullom Lake Poplar Grove Third Lake kton Cedarville Park City Hainesville Loves Park Bull Valley Lakemoor Pecatonica North Chicago Ridott HolidayHills OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

East Towne Mall 1,059,000 sf , JCPenney, Sears 35 miles / 50 minutes Madison, WI

Brookfield Square 1,182,000 sf Boston Store, JCPenney, Sears 38 miles / 49 minutes Brookfield, WI

Mayfair Mall 1,070,000 sf Boston Store, Macy’s 41 miles / 49 minutes Wauwatosa, WI

Southridge Mall® Macy’s, Boston Store, JCPenney, Sears, 1,177,000 sf 47 miles / 55 minutes Greendale, WI Kohl’s

OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME

Tanger Outlet Center 270,000 sf 79 miles / 1 hour 15 minutes Wisconsin Dells, WI

Pleasant Prairie Premium Outlets® 403,000 sf 80 miles / 1 hour 25 minutes Pleasant Prairie, WI

The Outlet Shoppes at Oshkosh 360,000 sf 99 miles / 2 hours 19 minutes Oshkosh, WI 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).