Full Year Results Presentation

Results Overview £201m 648p £9.1bn Underlying Profit -34.3% vs Mar 20 EPRA Net Tangible Assets per share -16.3% vs Mar 20 Portfolio valuation -10.8% vs March 20 (Retail -24.7%, Offices -3.8%) 83% FY21 rent collected Offices 99%, Retail 71% 32.0% Loan to value No requirement to refinance until early 2025 15.0p Dividend per share 80% of underlying earnings per share 3

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