Simon Property Group, Inc. announced that its two most highly tenured Independent Directors, J. Albert Smith, Jr. and Karen H. Horn, Ph.D. will retire from the Board of Directors of Simon Property Group, Inc. at the upcoming Annual Meeting to be held on May 4, 2023. Mr. Smith was appointed Chair of the Audit Committee in 1998, and he served as Lead Independent Director from 2003 to 2014 and Ms. Horn was appointed Chair of the Governance and Nominating Committee in 2005.