Tiffany to Open Store in Pittsburgh

Business Wire, Dec 11, 2007

Jeweler to Open in Newly Expanded Upscale Retail Center in October 2008

NEW YORK -- Tiffany & Co. (NYSE: TIF) today announced plans to open an approximately 5,700-square-foot store in Ross Park Mall, an upscale shopping center in Pittsburgh, Pennsylvania, in October 2008. The center's owner, Simon Property Group, Inc. (NYSE:SPG), is currently expanding the center with an additional 65,000 square feet of luxury retailing and restaurants.

"Ross Park Mall is a premier destination for shopping and we have a prime location within what will be an expanded center with a spacious environment," said Beth O. Canavan, executive vice president of Tiffany & Co. "We look forward to serving our customers with convenient access to Tiffany's renowned product quality and craftsmanship."

"Tiffany is a fabulous addition to Ross Park Mall," said Scott Richardson, senior development director at Simon. "We are pleased that their first store in Pittsburgh is at Ross Park Mall."

Tiffany & Co. operates jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations. Other operations include consolidated results from ventures operated under trademarks or trade names other than TIFFANY & CO. For additional information, please visit www.tiffany.com or call our shareholder information line at 800-TIF-0110.

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 379 properties comprising 256 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.

TIFFANY & CO. and TIFFANY are trademarks of Tiffany and Company.