ORLANDO VINELAND 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 VINELAND PREMIUM OUTLETS® ORLANDO, FL

MAJOR METROPOLITAN AREAS SELECT TENANTS

Orlando: 5 miles Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Armani Outlet ORLANDO Burberry, CH Carolina Herrera, Coach, Cole Haan Outlet, Diesel, DVF, VINELAND RETAIL Fendi, Godiva Chocolatier, HUGO BOSS Factory Store, J.Crew Factory, PREMIUM OUTLETS kate spade new york, Kenneth Cole Company Store, LACOSTE Outlet, ORLANDO, FL GLA (sq. ft.) 655,000; 160 stores MaxMara Outlet, NikeFactoryStore, The North Face, Polo Ralph Lauren Factory Store, Prada, Salvatore Ferragamo, TAG Heuer, Tod’s, Tommy Bahama, Tory Burch, UGG® Australia OPENING DATES

Opened June 2000 TOURISM / TRAFFIC Expanded October 2008, 2013 Orlando Vineland Premium Outlets is located two miles from Walt Disney World. Orlando welcomes over 59 million visitors annually including PARKING RATIO travelers from Europe, North America, South America, and Asia. 5.0:1 MAJOR ATTRACTIONS RADIUS POPULATION Walt Disney World, Universal Orlando Resort, Sea World/Discovery Cove, 15 mile population: 987,843 Pointe Orlando and I-Drive 360 30 mile population: 2,280,601 45 mile population: 3,280,713 LOCATION / DIRECTIONS

AVERAGE HH INCOME I-4, Rte. 535 (Exit 68) and Vineland Ave., Orange County, FL. Center has strong visibility on I-4 and has direct access from International Drive. 30 mile average: $69,941 — From I-4W toward Tampa: Exit 68. Left on Rte. 535S at light (Apopka- Vineland Ave.). Go under I-4, turn left onto Vineland Ave. at light. Drive one mile north on Vineland Ave., just beyond Mary Queen of the Universe Shrine. — From I-4 heading east toward Orlando: A. Exit 68 (Rte. 535, Lake Buena Vista). Proceed straight through light to Vineland Ave. (signs for Little Lake Bryan). Drive one mile north on Vineland Ave., just beyond Mary Queen of the Universe Shrine. B. Alternatively, Exit 71 (Central Florida Pkwy.). Proceed approximately one mile, turn right at light onto International Dr. Proceed as below. — International Dr. at Central Florida Pkwy.: Drive 2.5 miles south on Information accurate as of 12/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). International Dr., site is on right-hand side. SITE AND PLAN

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VINELAND AVE.

I-4 SURROUNDING AREA CENTERS

Ocala Astor Daytona Beach Shores

De Leon Springs Silver Springs Shores Ponce Inlet SURROUNDING AREA CENTERS Belleview Samsula-Spruce Creek unnellon North DeLand New Smyrna Beach Glencoe Simon Centers DeLand Southwest s Springs Pittman Lake Kathryn Competition Lake Helen The Villages Altoona Paisley Edgewater Hernando Pine Lakes Umatilla Orange City erly Hills Lady Lake 1 Orlando Vineland Citrus Hills Deltona Lisbon DeBary Premium Outlets® Fruitland Park Oak Hill verness Highlands North Eustis Silver Lake 2 Inverness Mount Dora 66 3 Eagle Ridge Mall Inverness Highlands South Coleman Sorrento 15Sanford Tavares Mount Plymouth 15 Midway Heathrow 4 Okahumpka Tangerine Yalaha 5 Lake Buena Vista Factory Stores oods Wildwood Zellwood Lake Mary Geneva Floral City Howey-in-the-HillsAstatula Black Hammock 6 Lake Square Mall Wekiwa Springs Longwood Leesburg Mims Forest City Winter Springs 7 Lakeland Square Istachatta Bushnell Apopka Fern22 Park 14 South Apopka Maitland Oviedo 8 Lakeside Village Lake Lindsey Center Hill Chuluota Nobleton Mascotte Ferndale Webster Paradise Heights Eatonville Goldenrod 9 2020 Winter Park Groveland Montverde Pine Hills Titusville 10 North Brooksville Union Park Bithlo Clermont Oakland 11 18 Orlovista 11 17 11 scon South Brooksville Tildenville Hill 'n Dale Rio Pinar Christmas Ridge Manor 19 Alafaya 12 Orlando International Spring Lake Windermere Holden Heights 1010 Premium Outlets Lacoochee Bay Hill Sky Lake Conway Port St John rden Grove 121312 Trilby Tangelo Park 41616Pine Castle 13 Outlet Marketplace lls 4 Sharpes Horizon West 13 Taft 14 Oviedo Marketplace Dade City North Bay Lake Williamsburg Orlando Lake Mary Jane Cape Canaveral Dade City Lake Buena1 Vista Lake Hart Cocoa 15 Four Corners San Antonio Hunters Creek Meadow Woods Cocoa West 5 Cocoa Beach 16 Terrace at Florida Mall St Leo 5 Buenaventura99 Lakes Celebration Rockledge 17 Waterford Lakes Town Center nerton Kissimmee Pasadena Hills 18 Zephyrhills North Campbell Viera East Wesley Chapel 15 MILES Patrick AFB 19 Winter Garden Village Zephyrhills West Loughman d O' Lakes Zephyrhills South St Cloud South Patrick Shores at Fowler Groves Crystal Springs Palm Shores Satellite B 20 Polk City Poinciana Pebble Creek Davenport Indian Harbour Beach Lutz Kathleen Auburndale Haines City Lake Alfred Melbourne Lake Magdalene 30 MILES Indiala 7 Melbourne Village University Grenelefe Combee Settlement June Park Melbourne Bea d Temple Terrace Lake Hamilton Crystal Lake Inwood Plant City Leto Winter Haven Dundee Palm Bay Tampa Mango Dover 88 Eagle Lake Malabar Highland City Waverly Brandon Lakeland Highlands Wahneta 3 45 MILES Grant-Valkaria Palm River-Clair Mel Valrico Willow Oak Mulberry Lake Wales Fuller Heights Progress Village Bloomingdale Bartow Highland Park Mic Riverview Fish Hawk Alturas Gibsonton Ro Homeland Hillcrest Heights Bradley Junction S Apollo Beach Balm Brewster Fort Meade Fellsmere skin Sun City Center Frostproof Yeehaw Junction Wimauma

Bowling Green West V FortGreen 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 8 miles / 10 minutes Orlando, FL

The Florida Mall® 1,676,000 sf Dillard’s, Macy’s, JCPenney, Sears 10 miles / 15 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, Sears 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

Lake Buena Vista Factory Stores 238,000 sf 4 miles / 10 minutes Orlando, FL

Outlet Marketplace 199,000 sf 10 miles / 17 minutes Orlando, FL

Orlando International Premium Outlets® Neiman Marcus Last Call, 774,000 sf 11 miles / 17 minutes Orlando, FL Saks Fifth Avenue OFF 5TH

Ellenton Premium Outlets® 476,000 sf Saks Fifth Avenue OFF 5TH 98 miles / 1 hour 33 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).