Investor Presentaiton

Source: GTC 28 IMPACT OF COVID-19 ON GROSS MARGIN OFFSET BY NEW COMPLETIONS ■ 14% decrease in gross margin from COVID-19 impact and disposals offset by new completions and like-for- like growth Operating margin (gross margin to rental income) stood at 75% 9M 2020 GROSS MARGIN BRIDGE (Єm) (9.9) 8.6 93.7 (2.9) 1.5 91.0 | Gross margin 9M Sold assets New completions COVID-19 impact LfL growth Gross margin 9M 2020 2019 | COVID 19 IMPACT | GT CI

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