Smart Approach in Retail Resilience

Capital Activity Since 1 April 2020 Purchases Offices £m Retail £m Sales¹ (456) Development Spend 57 2 Capital Spend 21 18 Net Investment 78 (436) Residential Canada Water Total £m £m £m (456) 11 70 39 11 (347) Gross Investment 78 476 11 565 On a proportionally consolidated basis including the Group's share of joint ventures and funds Includes Tescos sales of £149m and part sale of Beaumont Leys for £63m, which exchanged and completed post period end 53 33

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