KITTERY 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

KITTERY PREMIUM OUTLETS® KITTERY, ME

MAJOR METROPOLITAN AREAS SELECT TENANTS 236 101 1

Boston, MA: 60 miles south adidas, Ann Taylor Factory Store, Banana Republic Factory Store, Portland, ME: 60 miles north Calvin Klein Company Store, Chico’s, Coach, Cole Haan Outlet, Manchester, NH: 60 miles west Columbia Sportswear, Gap Factory Store, J.Crew Factory, Movado,

NikeFactoryStore, Polo Ralph Lauren Factory Store, Reebok, 103 RETAIL Swarovski, Tommy Hilfiger Company Store, Tumi Kittery GLA (sq. ft.) 259,000; 61 stores 103 TOURISM / TRAFFIC 4 1 OPENING DATES Located one hour from Boston, MA and Portland, ME on the coast of KITTERY southern Maine, the center is only ten minutes from southern Maine’s Portsmouth 1–August 1989; 2–May 1984; 3–May 95 PREMIUM OUTLETS 1987; 4–October 1983, Expanded July famous sandy beaches and is a vacationer’s paradise for fun in the sun, KITTERY, ME 1985, November 1986, Sept. 1992; enjoying New England seaside villages and experiencing great shopping. 5–April 1984, Expanded October The center is also a frequent getaway for day trippers and is conveniently 1989, June 1990, April 1992, May positioned off Rte. I-95 on US Rte. 1. Kittery, Maine is home to more than 1995 120 outlets and is considered one of the top shopping destinations in New England welcoming 3.5 million visitors annually. PARKING 1–135 spaces MAJOR ATTRACTIONS 2–197 spaces 3–147 spaces Tourists visit the area for the seaside, shopping and small town charm. 4–287 spaces Local attractions abound from children’s, historic, and art museums, to 5–567 spaces whale watching and deep sea fishing. Among the countless attractions, two of the most popular are the renowned Ogunquit Museum of RADIUS POPULATION American Art and the Ogunquit Playhouse which attracts well known actors for its productions. 15 mile population: 193,012 30 mile population: 570,172 45 mile population: 1,930,407 LOCATION / DIRECTIONS

I-95N, Exit 3 (Coastal Rte. 1), Kittery, Maine. AVERAGE HH INCOME ­­— From Boston and points south: I-95N to Exit 3, Kittery/Coastal Rte. 1N 30 mile average: $84,838 — From Portland and points north: I-95S, to Exit 2 (Kittery), turn right at the end of the ramp then follow the sign on the rotary onto Coastal Rte. 1N Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). SITE AND PLAN

US 1

I-95 NORT H

2 1 1 Route Route US 1 5 4 3 SURROUNDING AREA CENTERS

Brunswick Gray Brunswick Station Freeport Boothbay Harbor

North Windham Yarmouth SURROUNDING AREA CENTERS Center Sandwich Steep Falls Cumberland Center Simon Centers Littlejohn Island Plymouth Center Ossipee South Windham Little Falls Falmouth Foreside Competition Suissevale Standish Falmouth Ashland Melvin Village Gorham Portland Meredith Lake Arrowhead 1 Kittery Premium Outlets South5 Portland Bristol New Hampton 2 The Kittery Outlets Wolfeboro Scarborough 3 Laconia Sanbornville Saco 4 The Loop Milton Mills Old Orchard Beach 5 The Maine Mall Union Springvale Biddeford 6 The Franklin Belmont Alton Sanford 7 The Mall at Rockingham Park Farmington West Kennebunk Milton South Sanford 8 The Mall of Kennebunk 9 Marketstreet Lynnfield Kennebunkport 10 Merrimack Premium Outlets

Rochester North Berwick 11 Warner Loudon d Berwick 12 Concord 13 Contoocook 13 Somersworth 14 Tanger Kittery Henniker Dover Cape Neddick Suncook South Eliot 2 York14 Harbor sborough 1 Kittery Hooksett 6 Kittery Point Newmarket South Hooksett Raymond Portsmouth m Epping 15 MILES Pinardville Manchester nington Exeter 8 30 MILES 8 Hampton Hampton Beach Derry ugh Seabrook Beach Wilton AmherstEast Merrimack Amesbury Town 45 MILES Milford Salisbury Newburyport Haverhill Greenville Nashua 10Hudson 7 Methuen4 4Town Rowley 1212 Lawrence Townsend Ipswich Gloucester East Pepperell Boxford Andover Rockport Lowell Essex Groton dner Lunenburg Fitchburg Ayer Danvers Beverly Wilmington 3 Leominster 11Peabody3 Shirley Pinehurst Reading 11 Devens Littleton Common 9 Salem Marblehead Burlington Woburn Swampscott Lexington Melrose South Lancaster West Concord Arlington Revere Nahant Maynard Clinton Chelsea Waltham Somerville nd Winthrop Town Marlborough Cochituate Boston Northborough Newton OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

The Mall at Fox Run 599,000 sf JCPenney, Macy’s, Sears 7 miles / 16 minutes Newington, NH

The Mall at Rockingham Park 1,025,000 sf Lord & Taylor, Macy’s, JCPenney, Sears 40 miles / 1 hour Salem, NH

The Maine Mall 1,100,000 sf JCPenney, Macy’s, Sears 45 miles / 1 hour S. Portland, ME

The Mall of New Hampshire 812,000 sf Macy’s, JCPenney, Sears 50 miles / 1 hour Manchester, NH

Northshore Mall 1,592,000 sf Nordstrom, Macy’s, JCPenney, Sears 50 miles / 1 hour Peabody, MA

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Tanger Outlet Center I 60,000 sf 0 - 1.0 miles Kittery, ME

Tanger Outlet Center II 25,000 sf 0 - 1.0 miles Kittery, ME

Maine Gate Outlets 20,000 sf 0 - 1.0 miles Kittery, ME

The Outlet Mall of Kittery 17,000 sf 0 - 1.0 miles Kittery, ME

Kittery Outlet Center 50,000 sf 0 - 1.0 miles Kittery, ME

Kittery Place 22,000 sf 0 - 1.0 miles Kittery, ME

Merrimack Premium Outlets® Saks Fifth Avenue OFF 5TH, 409,000 sf 60 miles / 1 hour 4 minutes Merrimack, NH Bloomingdale’s - The Outlet Store 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 (, NYSE:SPG).