Smart Approach in Retail Resilience

Offices leasing • Leasing volumes lower, reflecting our high occupancy and a subdued market - - 1 130,000 sq ft offices leasing Includes 65,000 sq ft over one year, 9% ahead of ERV1 95% occupancy on our offices portfolio Developments well let Encouraging pipeline despite uncertainty - Under offer on 313,000 sq ft In negotiations on a further 361,000 sq ft Storey resilient 33,000 sq ft leasing; rental premium 30%+ Encouraging pipeline Occupancy reduced to 78% 1. Excludes temporary deals with terms of less than one year; includes Storey 100 Liverpool St, Broadgate 34 4

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