Taubman Centers responds to Simon Property Group´s announcement

Taubman Centers, Inc. said today, in response to Simon Property Group´s announcement that it has commenced a tender offer for outstanding Taubman Centers shares, that Simon´s offer will be evaluated by the Board of Directors of Taubman Centers. Within ten business days, Taubman Centers will advise stockholders of its position regarding the offer, and state its reasons for such position.

Accordingly, Taubman Centers urges its stockholders to defer making a determination whether to accept or reject Simon´s offer until they have been advised of Taubman Centers´ position with respect to the offer.

Stockholders of Taubman Centers are strongly advised to read Taubman Centers´ solicitation/recommendation statement, when it becomes available, regarding the tender offer referred to in this press release, because it will contain important information.

(source: Taubman)

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