Full Year Results Presentation

FY21 rent collection Rent due between 25 March 2020 and 24 March 2021 As at 18th May Received Rent deferrals Rent forgiven Moved into administration Outstanding Total Collection of adjusted billing² Offices Retail¹ Total 99% 71% 83% 1% 5% 3% 9% 5% 3% 2% 12% 7% 100% 100% 100% £225m £305m £530m 100% 83% 90% March 21 quarter rent collection has improved to 84%, with offices at 98% and retail at 72% 1 Includes non-office customers located within our London campuses. 2 Total billed rents exclusive of rent deferrals and rent forgiven. 6

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