Full Year Results Presentation

Reconciliation of new EPRA net asset valuation metrics to previous metrics EPRA NRV Purchasers' costs EPRA NAV Per share measure EPRA NTA Intangibles EPRA NAV Per share measure EPRA NDV EPRA NNNAV1 Per share measure 1 As the Group's EPRA NDV is the same as the EPRA NNNAV, there are no reconciling items. 31 March 2020 31 March 2021 £m £m 7,872 6,599 (659) (537) 7,213 6,062 774p 650p 7,202 6,050 11 12 7,213 6,062 774p 650p 6,762 5,678 6,762 5,678 726p 609p 67 62

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