Full Year Results Presentation

Underlying Profit Bridge £m (21) 10 (43) 306 295 (59) 2 8 (2) 2020 Net divestment Developments Excl. impact of capital activity Like for like incl. CVAS and admins Provisions for trade debtors and deferred Tenant incentive provisions rent Finance cost reductions 201 Fees & other 2021 income 58 58

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