Free bicycle safety event features interactive obstacle course
and bike giveaway

VERO BEACH, FL (August 1, 2008) - Indian River Mall, will host its back to school Bicycle Safety Rodeo on Sat., Aug. 16 from10 a.m. to 2 p.m.Youth of all ages are invited to come out and enjoy this free, fun-filled day of bicycle safety awareness, participate in a special obstacle course, receive free bicycle helmets, i.d. cards and more.

"This is a great opportunity to bring kids out to have some fun as the summer winds down, and they prepare to go back to school," said Ursula Gunter, director of mall marketing, Indian River Mall. "Our mall is a great place to shop, meet and enjoy family and friends, plus it's a great venue in which to learn valuable information about kids' safety, while getting great deals on back to school apparel."

The Bicycle Safety Rodeo will feature a popular obstacle course, where kids can test their skills as they maneuver their bicycles around the winding course. In addition, the Junior League of Indian River will be onsite to give away bicycle helmets and provide parents with information on how to properly fit helmets for their kids. Plus, families can enter a raffle to win bicycles donated by the Kiwanis Club of Vero Beach, Target and Wal-Mart.

Kids will also receive complimentary fingerprinting and child identification cards, while parents have car seats inspected to ensure they are properly installed. Parents will also have the opportunity to have their kids' bicycles inspected.

Event sponsors include Florida Department of Transportation, Indian River County Recreation Department, Indian River County Sheriff's Office Crime Prevention Unit, Kiwanis Club of Vero Beach, Orchid Island Rentals and Sales and State Farm.

The Bicycle Safety Rodeo is free and open to the public. For more information, call 772.770.9404.

About Indian River Mall
Indian River Mall is located on State Road 60 at 66 th Avenue and is managed by Simon Property Group, Inc., headquartered in Indianapolis, Indiana. Indian River Mall is a single-level regional mall anchored by Macy's, Dillard's, JCPenney and Sears and has over 80 specialty stores.

About Simon Property Group
Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers®, The Mills®, community/lifestyle centers and international properties. It currently owns or has an interest in 383 properties comprising 261 million square feet of gross leasable area in North America, Europe and Asia. The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG. For further information, visit the Company's website at www.simon.com.

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