Smart Approach in Retail Resilience

Rent subject to open market rent review For the year to 31 March As at 30 September 2020 I 2021 2022 2023 2024 2025 2021-23 2021-25 I I I £m £m £m £m £m £m £m I West End City 1 8 23 7 15 32 54 9 1 1 15 11 11 37 Offices 10 9 24 22 26 43 91 Retail Parks 8 10 13 6 CO 6 31 43 Shopping Centre 3 6 12 7 4 21 32 Superstores 1 1 I 1 2 | Department Stores I High Street Leisure Retail Residential Canada Water¹ Total I 1 1 1 1 1 1 2 I 11 17 27 14 11 55 80 1 | - 1 - 21 27 51 36 37 99 172 On a proportionally consolidated basis including the group's share of joint ventures and funds excluding committed, near term and assets held for development 1 Reflects standing investment only 81

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