Smart Approach in Retail Resilience

Contracted rental increases (cash flow basis) For the year to 31 March As at 30 September 2020 Expiry of rent free periods Fixed uplifts (EPRA basis) Fixed & minimum uplifts Total 2021 2022 2023 2024 2025¦ 2021-23 2021-25 £m £m £m £m £m £m £m I 24 11 5 44 49 1 1 1 2 1 2 3 4 9 25 14 6 1 48 55 On a proportionally consolidated basis including the group's share of joint ventures and funds excluding committed, near term and assets held for development 83

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