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Investor Presentaiton

10% 3-2 Rental Revenue ■Breakdown of Change in Leasing Revenues (External and Internal Growth) (POP) 2% (Forecast) External growth External growth (contract base) Internal growth Total 5% We achieved internal growth for the first time in the 7.5 years since 2H/2008. 0% 1% 0% -1% ■Breakdown of Change in Leasing Revenues at Existing Properties (replacement and rent revision) ➡replacement rent revision We achieved positive rent revisions for the first time in the 6.5 years since 1H/2009. NBF Mapen Building Fund (POP) (Forecast) -5% -2% 2H/2011 1H/20122H/20121H/20132H/20131H/2014 2H/2014 1H/20152H/2015 1H/20162H/2016 1H/2017 21st 22nd 23rd 24th 25th 26th 27th 28th 29th 30th 31st 32nd Period Period Period Period Period Period Period Period Period Period Period Period 2H/2011 1H/20122H/20121H/20132H/20131H/20142H/2014 1H/20152H/2015 1H/20162H/20161H/2017 21st 22nd 23rd 24th 25th 26th 27th 28th 29th 30th 31st 32nd Period Period Period Period Period Period Period Period Period Period Period Period 16
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