Full Year Results Presentation

Office insights & demand dynamics What our customers are saying How much space will be needed Three main groups of thought: 1. Taking the opportunity to downsize 2. Weighing up options and waiting for the reopening to unfold 3. Looking to growth and new requirement for space How will space be used • An increased need for space that enhances collaboration and social interaction • Enables hybrid working and considers peak occupancy Quality across all aspects: Sustainable, tech enabled, promoting wellbeing and productivity Demand dynamics • Take up is down: 36% of long term average • 1.5m sq ft of RFPs in the year • 21% of recent deals above £90 psf vs 6% prior to the pandemic¹ • Record level of Storey viewing in March and April • Physical viewings near normal levels ¹based on last 6 months in Central London, vs 6 months prior to the start of the pandemic Strong levels of interest within our development pipeline 17

View entire presentation