Full Year Results Presentation

Operating cash flow bridge £m 320 Cash rental income 38 (125) 34 Distributions Fees and from JVs and other income Funds (70) (15) (33) 149 (140) Operating and Net finance Indirect taxes Corporation admin costs paid tax expenses Net cash inflow from operating activities FY21 Dividend FY21 Dividend equates to £76m paid and £64m declared and payable in August 2021. 59 59

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