Full Year Results Presentation

Outperforming on footfall and sales Footfall and Sales since reopening LfL Sales and Footfall vs 2019 11 April 16 May¹ Outperformance vs benchmarks British Land LfL Sales and Footfall Outperformance vs benchmark² (bps) 120% 100% 80% 60% 40% 20% 500 400 300 200 100 0% Footfall Portfolio LfL Sales Retail parks Shopping Centres 0 FY16 FY17 FY18 FY19 FY20 ■Footfall LfL Sales Retail Parks are in line with pre-pandemic levels for both footfall and LfL sales 1 Excludes F&B and excludes assets for periods when non-essential retail was required to close 2LfL Sales benchmark: BRC KPMG In-Store LFL Non-Food Index, Footfall benchmark: ShopperTrak UK National Index 21

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