Investor Presentaiton

UK RENT SUBJECT TO OPEN MARKET RENT REVIEW 12 months to 30 September (£m) 2014 2015 2016 2017 2018 2014-16 2014-18 Retail parks 18 17 22 16 21 57 94 Superstores 8 23 13 4 4 44 62 52 Shopping centres 14 17 14 14 12 45 71 Department stores 5 Leisure UK Retail 40 57 54 34 38 151 223 I Offices: City West End Provincial 29 29 CO 6 5 12 3 40 55 55 5 17 7 21 22 22 29 72 1 5 6 6 All Offices 34 24 17 33 25 25 75 133 UK Total 74 81 71 67 63 226 356 Potential Uplift at Current ERV 2 3 1 - 6 6 Table shows UK total, excluding assets held in Europe. 29 29 British Land

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