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Delayed approx. 15 minutes

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X

WASHINGTON PRIME GROUP

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WP Glimcher Board of Directors Declares Quarterly Dividend

COLUMBUS, OH – February 24, 2015 – Washington Prime Group Inc. (d/b/a WP Glimcher) (NYSE: WPG) announced today that the company’s Board of Directors declared a quarterly cash dividend on its common shares, operating partnership units and preferred shares. A cash dividend of $0.11 per common share and operating partnership unit was declared. This is in addition to the $0.14 stub dividend paid on January 22, 2015. The dividend is payable on March 16, 2015 to shareholders and operating partnership holders of record on March 6, 2015.

Additionally, the WPG Board of Trustees declared quarterly cash dividends of $0.5078 per Series G preferred share of beneficial interest, $0.4688 per Series H preferred share of beneficial interest, $0.4297 per Series I preferred share of beneficial interest, and $0.4563 per Series I-1 Preferred Limited Partnership Interest. Each of the cash dividends is payable on April 15, 2015 to shareholders of record on March 31, 2015.

About WP Glimcher

WP Glimcher (NYSE: WPG) is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties, including mixed use, open-air and enclosed regional malls as well as community centers. WP Glimcher owns and manages 120 shopping centers totaling more than 68 million square feet diversified by size, geography and tenancy. WP Glimcher combines a national real estate portfolio with an investment grade balance sheet and plans to leverage its expertise across the entire shopping center sector to increase cash flow through rigorous asset management of existing assets. WP Glimcher is the d/b/a for Washington Prime Group Inc.

Visit WP Glimcher at: www.wpglimcher.com

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