ORLANDO INTERNATIONAL 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

ORLANDO INTERNATIONAL PREMIUM OUTLETS® ORLANDO, FL

MAJOR METROPOLITAN AREAS SELECT TENANTS Conroy SR-435

Florida Orlando: 10 miles Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH, 7 For All Mankind, Universal John Orlando Exit 75A Daytona Beach: 65 miles adidas, American Eagle Outfitters, Ann Taylor Factory Store, Banana Resort Yo Turnpike Tampa: 80 miles Republic Factory Store, Coach, Diesel, DKNY Company Store, HUGO ung Pkwy BOSS Factory Store, J.Crew Factory, kate spade new york, Kenneth Cole

RETAIL Company Store, LACOSTE Outlet, Michael Kors Outlet, NikeFactoryStore, I-4 . Polo Ralph Lauren Factory Store, St. John, Ted Baker London, Thomas Oakridge n GLA (sq. ft.) 774,000; 180 stores Pink, Tourneau, True Religion, Tumi, UGG® Australia, Exit 75A

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OPENING DATES International Dr. TOURISM / TRAFFIC

Opened June 1982 . Expanded May 2008 The center is located four miles from Resort. Orlando Sand Lake Rd. welcomes over 59 million visitors annually including travelers from ORLANDOSR-435 Europe, North America, South America, and Asia. INTERNATIONAL PARKING RATIO International Dr Bee Line ExpresswayPREMIUM OUTLETS ORLANDO, FL 3.9:1 MAJOR ATTRACTIONS

Universal Orlando Resort, Sea World/, Walt Disney RADIUS POPULATION World, , , Wet ‘n Wild Waterpark, and I-Drive 360 15 mile population: 1,319,923 30 mile population: 2,297,359 LOCATION / DIRECTIONS 45 mile population: 3,230,670 I-4, Exit 75A to north end of . Center has strong visibility on I-4 and the turnpike with direct access from International AVERAGE HH INCOME Drive and Oakridge Road. 30 mile average: $70,222 — From Tampa: Take I-4E to the 75A-Universal Exit. Follow to International Drive and turn left. The Center is located at the north end of International Drive. ­— From Daytona Beach: Take I-4W to 75A-Universal Exit. Follow to International Drive and turn left. The Center is located at the north ­­end of International Drive.

Information accurate as of 12/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). SITE AND PLAN

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E R O A D SURROUNDING AREA CENTERS

Daytona Beach Ocala Astor Daytona Beach Shores South Daytona De Leon Springs Port Orange SURROUNDING AREA CENTERS Silver Springs Shores Ponce Inlet Simon Centers Belleview Samsula-Spruce Creek nnellon North DeLand New Smyrna Beach Competition Glencoe DeLand Southwest Springs Pittman Lake Kathryn Lake Helen The Villages Altoona Paisley 1 Orlando International Edgewater Hernando Premium Outlets® Umatilla Pine Lakes Orange City rly Hills Lady Lake 2 Citrus Hills Lisbon Deltona Fruitland Park DeBary Oak Hill 3 Eagle Ridge Mall erness Highlands North Eustis Silver Lake 4 The Mall Mount Dora Inverness 66 5 Lake Buena Vista Factory Stores Inverness Highlands South Coleman Sorrento 1414Sanford Tavares Mount Plymouth Midway 6 Lake Square Mall Heathrow Okahumpka Tangerine Yalaha 7 Lakeland Square Wildwood Zellwood Lake Mary Geneva oods Floral City 8 Howey-in-the-HillsAstatula Black Hammock Wekiwa Springs Longwood Leesburg Mims 9 Forest City Winter Springs Istachatta Bushnell Apopka Fern22 Park 13 10 Lake Lindsey Center Hill South Apopka MaitlandCasselberry Chuluota Nobleton Mascotte Ferndale 11 Orlando Vineland Webster Paradise Heights Eatonville 1919 Goldenrod Premium Outlets Groveland Montverde Pine Hills North Brooksville Union Park Bithlo Titusville 12 Outlet Marketplace Clermont Oakland 10 con 1717 Orlovista 10 16 13 Oviedo Marketplace Tildenville Alafaya Hill 'n Dale Ridge Manor 1818 Rio Pinar Christmas 14 Spring Lake Windermere Holden9 Heights Lacoochee Sky 9Lake 15 Terrace at Florida Mall den Grove Bay Hill 111 Orlando Port St John Trilby Tangelo12 Park 11 415 Pine Castle 16 Waterford Lakes Town Center lls Horizon West 15 Sharpes 4 Taft 17 Dade City North Bay Lake Lake Mary Jane 12 Cape Canaveral Dade City Lake Buena Vista Lake Hart Cocoa 18 Winter Garden Village San Antonio Meadow15 M WoodsILES Cocoa West at Fowler Groves 5 Cocoa Beach St Leo 5 Buenaventura88 Lakes 19 Celebration Rockledge nerton Kissimmee Pasadena Hills Four Corners Zephyrhills North Campbell Viera East Wesley Chapel Patrick AFB Loughman St Cloud O' Lakes Zephyrhills South 30 MILES South Patrick Shores Crystal Springs Palm Shores Polk City Poinciana Pebble Creek Davenport Indian Harbour Beach Lutz Kathleen Auburndale Haines City Melbourne Lake Magdalene Lake Alfred Indialantic 7 Melbourne Village niversity 7 Grenelefe Combee Settlement 45 MILES Melbourne Beach Temple Terrace Lake Hamilton June Park Crystal Lake Inwood Leto Plant City Winter Haven Dundee Palm Bay Tampa Mango Dover Eagle Lake Malabar Highland City Waverly Brandon Lakeland Highlands Wahneta 33 Grant-Valkaria alm River-Clair Mel Valrico Willow OakMulberry Lake Wales Fuller Heights Progress Village Bloomingdale Bartow Highland Park Micco Riverview Fish Hawk Alturas Roseland Gibsonton Homeland Hillcrest Heights Bradley Junction Sebastian Wind OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

The Mall at Millenia 1,200,000 sf Bloomingdale’s, Macy’s, Neiman Marcus 1.5 miles / 5 minutes Orlando, FL

The Florida Mall® 1,676,000 sf Dillard’s, Macy’s, JCPenney, Sears 6 miles / 20 minutes Orlando, FL

Orlando Fashion Square 1,070,000 sf Dillard’s, JCPenney, Macy’s, Sears 18 miles / 20 minutes Orlando, FL

West Oaks Mall 1,043,000 sf Dillard’s, JCPenney 22 miles / 26 minutes Ocoee, FL

Seminole Towne Center Dillard’s, Macy’s, JCPenney, Sears, 1,105,000 sf 40 miles / 45 minutes Sanford, FL Burlington

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Outlet Marketplace 199,000 sf 1 mile / 2 minutes Orlando, FL

Orlando Vineland Premium Outlets® 655,000 sf Saks Fifth Avenue OFF 5TH 11 miles / 17 minutes Orlando, FL

Lake Buena Vista Factory Stores 550,000 sf 12 miles / 35 minutes Orlando, FL

Ellenton Premium Outlets® 476,000 sf Saks Fifth Avenue OFF 5TH 106 miles / 1 hour 44 minutes Ellenton, FL 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).