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Investor Presentaiton

Continued Lease Renewals with a Flat Releasing Spreads Number of Leases Renewed 100% 100% 98% 2,044 53% 1,408 1,183 34% 801 750 9% 267 38.5% Lease Expiry Schedule 31-Mar-20 27.6% 21.4% 26.2% 23.8% 21.1% 12.5% 7.3% 30-Jun-20 >> FY18 FY19 FY20 1QFY20 4QFY20 1QFY21 Leases Renewed -Percent of Expiring Leases in Fiscal Year 1.7% 1.2% 5.4% 3.9% 1.4% 1.8% 2.0% 0.7% 0.6% 3.1% 2020G 2021G 2022G 2023G 2024G 2025G 2026G 2027G 2028G The Company renewed a total of 750 leases during 1Q- FY21 (1,017 calendar YTD), with 34% of leases expiring in FY21 successfully renewed with a flat renewal spread. Management is temporarily renewing leases at a short- term basis to avoid locking a long-term contract at less favorable market rates in a recovering market. Arabian Centres Company . Investor Presentation 22
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