Full Year Results Presentation

Developing our fourth campus at Canada Water • • • • Drawdown of 500-year headlease completed - Following grant of planning Flexible planning consent, ranging from: - 2,000 to c.4,000 residential units - 500,000 sq ft to 2.5m sq ft workspace 10-12 year programme Targeting annualised development returns in the low teens - Exploring partnership opportunities to accelerate returns and mitigate risk TEDI-London, engineering, higher education provider signed - Conversations with other occupiers in this space TED LONDON • • Opportunities to target other growth sectors TEDI modular campus Campuses

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