COLUMBUS, OH - July 13, 2021 - Washington Prime Group is honored that 18 of its initiatives, activations, and events have been recognized as finalists for the 2021 International Council of Shopping Centers (ICSC) MAXI Awards.

The ICSC hosts the MAXI Awards each year as the premier recognition of excellence and creativity in the retail and real estate industry. The awards honor the most innovative events, programs and technologies that add value to shopping centers throughout North America.

WPG's MAXI Award finalists include initiatives and programs across four categories:

Community

An altruistic initiative, event or program designed to positively impact a center's community and evoke change by sparking awareness and understanding.

  • Open for Small Business
  • ScholarSpree
  • The Canvas Project Exterior Murals
  • WPG Cares
  • WPG Stronger Together Mural
  • Live @ Polaris
  • Wolf Ranch Town Center Snow Day

Experiential

An immersive initiative, event, technology or program designed to enhance the overall customer experience and captivate shoppers.

  • Drive-In Movies/Cinema Under the Stars
  • Post Your Love
  • Summer Sweat Series
  • SweeTok

Impact

A groundbreaking initiative, technology, event or integrated marketing campaign that delivered outstanding sales, traffic, impressions, engagement and ROI.

  • Brand Partnership with Nationwide Children's Hospital's On Our Sleeves Movement
  • Kidx Club® Powered by [email protected]
  • Washington Prime Group Celebratory Moments
  • Stuff the Bus at Scottsdale Quarter

Launch

An initiative, event, or program designed to launch a new shopping center, expansion, redevelopment, or anchor/retailer.

  • Innovation Website
  • Shelby's Sugar Shop® Influencer Videos
  • Washington Prime Group Coffee Table Book

WPG had 12 finalists in the 2020 ICSC MAXI Awards and received the Gold Award for Best Overall Kiosk from the 2020 ICSC Visual Victories Awards. This year's winners will be announced at a virtual awards ceremony on July 29.

See the full list of honorees and learn more about the MAXI Awards at https://events.bizzabo.com/338335/page/1859326/maxi-finalists.

About Washington Prime Group

Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S. Washington Prime Group® is a registered trademark of the Company. Learn more at www.washingtonprime.com.

Contacts

Media: [email protected]

Investors: [email protected]

Forward-Looking Statements

This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995 which represent the current expectations and beliefs of management of Washington Prime Group Inc. ('WPG') concerning the proposed transactions, the anticipated consequences and benefits of the transactions and the targeted close date for the transactions, and other future events and their potential effects on WPG, including, but not limited to, statements relating to anticipated financial and operating results, the Company's plans, objectives, expectations and intentions, cost savings and other statements, including words such as 'anticipate,' 'believe,' 'confident,' 'plan,' 'estimate,' 'expect,' 'intend,' 'will,' 'should,' 'may,' and other similar expressions. Such statements are based upon the current beliefs and expectations of WPG's management, and involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of WPG to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, without limitation; the Company has determined that there is substantial doubt about its ability to continue as a going concern; there is no assurance that the Company will be able to reach an agreement in principle regarding a restructuring, comply with the terms of any such agreement or successfully complete a restructuring contemplated thereby, creating substantial doubt about WPG's ability to continue as a going concern; the Company may seek the protection of a bankruptcy court, which would subject it to the risks and uncertainties associated with bankruptcy and may harm the Company's business and place its equity holders at significant risk of losing all of their investment in the Company; the Company's limited liquidity could materially and adversely affect its business operations; changes in asset quality and credit risk; ability to sustain revenue and earnings growth; changes in political, economic or market conditions generally and the real estate and capital markets specifically; the impact of increased competition; the availability of capital and financing; tenant or joint venture partner(s) bankruptcies; the failure to increase store occupancy and same-store operating income; risks associated with the acquisition, disposition, (re)development, expansion, leasing and management of properties; changes in market rental rates; trends in the retail industry; relationships with anchor tenants; risks relating to joint venture properties; costs of common area maintenance; competitive market forces; the level and volatility of interest rates; the rate of revenue increases as compared to expense increases; the financial stability of tenants within the retail industry; the restrictions in current financing arrangements or the failure to comply with such arrangements; the liquidity of real estate investments; the impact of changes to tax legislation and WPG's tax positions; losses associated with closures, failures and stoppages associated with the spread and proliferation of the coronavirus (COVID-19) pandemic; to qualify as a real estate investment trust; the failure to refinance debt at favorable terms and conditions; loss of key personnel; material changes in the dividend rates on securities or the ability to pay dividends on common shares or other securities; possible restrictions on the ability to operate or dispose of any partially-owned properties; the failure to achieve earnings/funds from operations targets or estimates; the failure to achieve projected returns or yields on (re)development and investment properties (including joint ventures); expected gains on debt extinguishment; changes in generally accepted accounting principles or interpretations thereof; terrorist activities and international hostilities; the unfavorable resolution of legal or regulatory proceedings; the impact of future acquisitions and divestitures; assets that may be subject to impairment charges; significant costs related to environmental issues; changes in LIBOR reporting practices or the method in which LIBOR is determined; and other risks and uncertainties, including those detailed from time to time in WPG's statements and periodic reports filed with the Securities and Exchange Commission, including those described under 'Risk Factors'. The forward-looking statements in this communication are qualified by these risk factors. Each statement speaks only as of the date of this press release and WPG undertakes no obligation to update or revise any forward-looking statements to reflect new information, subsequent events or circumstances. Actual results may differ materially from current projections, expectations, and plans, if any. Investors, potential investors and others should give careful consideration to these risks and uncertainties.


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Washington Prime Group Inc. published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 16:40:19 UTC.