Done Deals: Simon Property Group Increases Segway(R) PT Fleet for Security Patrols

Monday, May 12, 2008

Simon Property Group Increases Segway(R) PT Fleet for Security Patrols

(Above photo shows segway transporter units in use by local police at Segway Mall in Indianapolis, IN)

Company Now Has Over 225 Units Deployed at More Than 125 Shopping Malls Nationwide

(Simon-owned Arsenal Mall at Watertown, MA is at top left)

INDIANAPOLIS, May 12, 2008/PRNewswire/ -- Simon Property Group, Inc. (NYSE:SPG) and Segway Inc. today announced that Simon Property Group has made a substantial purchase of additional Segway Personal Transporters (PTs) that will increase its current security fleet of Segway PTs to more than 225 machines.

Simon now uses Segway PTs at more than 125 shopping malls in the United States, making it the largest deployment by any company in the shopping center industry.

Among the cities in which Simon Property Group now uses Segway PTs for mall security are San Diego, Las Vegas, Houston, Miami and Boston.

The majority of Simon's fleet consists of the same latest-generation Segway model (i2) recently adopted by the New York City Police Department and numerous international airports.

Simon Property Group first began its investment in Segway PTs for mall security patrols in 2004 with a trial program at mall locations in Texas.

Based upon that successful pilot program, Simon pioneered the use of Segway PTs in retail security by broadening its deployment of Segway PTs and implementing specialized training programs that instructed security personnel on how to use the units in a mall environment. (Photo of Simon-owned Copley Place Mall in Boston is at lower right.)

By 2006, Simon had initiated a national Segway rollout to its properties."From day one of our Segway PT program, our goal has been to give our security personnel the tools they need to ensure that our mall guests and retail partners have a safe and enjoyable experience," says John Petruzzi, Vice President of Corporate Security and Emergency Management at Simon Property Group.

"They have increased the visibility and range of our security personnel, and enabled them to swiftly respond to emergency situations wherever they might occur. (Photo of Simon-owned Fashion Valley Mall in San Diego is at lower left)

"The entire initiative has been very well received by our security personnel, our retail partners and millions of our mall guests. An added benefit is the social interaction between security personnel on Segway PTs and members of the public who are naturally drawn to them out of curiosity."

"Worldwide, hundreds of police and security agencies have adopted the Segway PT for their patrolling, emergency response and community policing needs. According to Jim Norrod, CEO of Segway Inc., much of the momentum that Segway now experiences in the security sector is the result of innovators like Simon Property Group.

"Very early on Simon recognized the potential of Segway PTs to make security personnel more effective, and they took great care in seamlessly integrating them into their operations," says Norrod. "As with every facet of their business, Simon delivers a premium level of service to its customers and retail tenants, and we are extremely proud that they continue to choose Segway products to ensure that their security remains world class."

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(R), The Mills(R), community/lifestyle centers and international properties.

It currently owns or has an interest in 382 properties comprising 260 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 http://www.simon.com/.

Segway Inc. develops intelligent motion control technology known as Segway(R) Smart Motion(TM) that is embedded in the light electric transportation devices it manufactures, such as the well-known Segway(R) Personal Transporter (PT).

Segway Smart Motion provides intelligent motion control that enables a device to monitor its environment, control its motion and make decisions about how it should move.

Segway markets a full line of zero-emissions Segway PTs for sidewalk and cross-terrain use that deliver impressive energy efficiency -- equivalent to 450 miles per gallon/191 kilometers per liter of fuel.

The company's line of Segway Robotic Mobility Platforms (RM

Ps) offers reliable, durable mobility solutions for robotic applications.Segway Inc., based in Bedford, N.H., U.S.A, has a worldwide distribution network of more than 250 retail points in 61 countries.

For additional information about Segway and to find retail locations, please visit http://www.segway.com/ or call 1-866-4SEGWAY. (Simon-owned Florida Mall is at left photo)

CONTACT:

Jack Klobucar, +1-952-925-9566, jklobucar@addedvalueinc.com, for Segway Inc.; or

Brenda Mahoney, Director, Commercial Sales of Segway Inc.,+1-603-