Investor Presentaiton

EXECUTING SMARTLY AND ACCORDING TO PLAN: EQUITY PLACING • • • Raised £493m of equity in March 2013 at 550p per share Fully deployed ahead of schedule £790m acquisition spend including £100m of development opportunities NIY of 5.7% on £690m of income producing investments . £230m of prospective development spend Paddington Central Ealing Broadway Shopping Centre Surrey Quays JV buy-out Other Acquisitions Investments 10 10 Prospective Acquisition Spend Development Spend £m £m 470 180 143 48 24 126 26 787 230 British Land

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