Tiffany & Co. (NYSE: TIF) today announced plans to open a store in Indianapolis, Indiana, in summer 2006. The approximately 5,000 gross-square-foot store will be located at The Fashion Mall at Keystone, the city's premier retail center owned by Simon Property Group, Inc. (NYSE:SPG). Tiffanys new store will offer an array of renowned Tiffany & co. collections, including the jeweler's celebrated engagement diamonds and jewels of ultimate glamour in platinum and eighteen-karat gold settings; rare and lustrous pearls; fashion jewelry and watches, including the classic Tiffany Mark(TM) that underscores Tiffanys reputation as one of the world's premier watchmakers; the signature designs of Elsa Peretti, Paloma Picasso and Jean Schlumberger; and accessories, china and crystal gifts. "We look forward to establishing a presence in this vibrant and growing area," said Beth O. Canavan, executive vice president of Tiffany & Co., "and believe our prime location at The Fashion Mall at Keystone will give us the greatest exposure to a major market with many potential customers who live in Indianapolis and the surrounding communities. We intend to delight them all with Tiffanys unparalleled tradition of quality, craftsmanship and superior service." "The arrival of tiffanys is a sig-nificant event for The Fashion Mall and indeed, the entire Indianapolis retail community," said David Simon, CEO of SPG. "It again validates one of our core strategies - that the world's greatest retailers want to be at truly preeminent retail properties." 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., headquartered in Indianapolis, Indiana, is a real estate investment trust engaged in the ownership, development and management of retail real estate, primarily regional malls, Premium Outlet(R) centers and community/lifestyle centers. The Company's current total market capitalization is approximately $40 billion. Through its subsidiary partnership, it currently owns or has an interest in 295 properties in the United States containing an aggregate of 201 million square feet of gross leasable area in 40 states plus Puerto Rico. Simon also owns interests in 51 European shopping centers in France, Italy, Poland and Portugal; 5 Premium Outlet(R) centers in Japan; and one Premium Outlet(R) center in Mexico. Additional Simon Property Group information is available at www.simon.com. TIFFANY & CO., TIFFANY, and TIFFANY MARK are trademarks of Tiffany and Company