Investor Presentaiton

REVENUES by location REVENUES BY COUNTRY €m 63 20 16 16 11 3 79 76 20 22 17 11 6 30 24 17 12 11 32 17 11 8 5 5 FY2017 FY2018 FY2019 H1 2020 Poland ■Belgrade Budapest ■Bucharest ■Zagreb Sofia GROSS MARGIN BY COUNTRY €m Source: GTC 35 44 54 16 15 17 14 12 12 7 7 5 2 FY2017 FY2018 ■ Poland ■Belgrade ■Budapest 55 23 18 14 8 9 FY2019 ■Bucharest Zagreb ■Sofia 22 12 9 7 4 4 H1 2020 Note: Data for Sofia in 2017, relates to non-core shopping centres in Stara Zagora and Burgas, which were sold in April 2017 | ANNEX | GTC

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