Full Year Results Presentation

Contracted rental increases (cash flow basis) For the year to 31 March 2022 2023 2024 2025 As at 31 March 2021 £m £m £m £m 2026 1 £m i 2022-24 2022-26 £m £m Expiry of rent free periods 30 11 50 50 Fixed uplifts (EPRA basis) 1 Fixed & minimum uplifts 1 1 I 1 1 2 + I 2 2 Total 31 10 12 1 53 19 54 On a proportionally consolidated basis including the group's share of joint ventures and funds excluding committed, near term and assets held for development 83 83

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