Full Year Results Presentation

Capital Activity Since 1 April 2020 Offices Retail £m £m Residential Canada Water Total £m £m £m Purchases¹ 284 284 Sales2 (643) (556) (18) Development Spend (1,217) 98 3 2 26 129 Capital Spend 35 25 60 Net Investment (510) (244) (16) 26 (744) Gross Investment 776 868 20 26 1,690 On a proportionally consolidated basis including the Group's share of joint ventures and funds Includes the purchase of Heritage House, Enfield which exchanged and completed post period end, as well as the commitment to acquire the remaining 22% interest of HUT at a GAV of £148m. 2Includes Beaumont Leys sale for £9m which exchanged in the year and completed post period end and St Anne's sales for £6m which exchanged in the year. 50 50

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