Investor Presentaiton

RETAIL: SALES PICKING UP IN Q3 2020, BEFORE SECOND WAVE OF COVID IN NOVEMBER September sales on average at 87% vs last year, down to 83% in October 2020 following increased number of infections ■Still higher conversion and average basket ■ Expected further decline as Polish malls practically closed between 7 and 27 November 2020 TURNOVER (2020 vs 2019) 100% 80% 60% 40% 20% 0% April May June July Source: GTC 45 Galeria Jurajska Galeria Pólnocna | ANNEX II | 100% 84% 81% 79% 65% August September October Avenue Mall Ada Mall Mall of Sofia Note: Ada Mall was opened on 24 May 2019 GTC

View entire presentation