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Investor Presentaiton

ESTIMATED FUTURE DEVELOPMENT SPEND AND CAPITALISED INTEREST PC Prelet ERV Cost to complete £m (excluding notional interest) - 6 mths As at 30 September 2013 Calendar Year £m Mar 14 5 Broadgate The Leadenhall Building 2015 19.2 34 Sep 14 25 Mar 15 Sep 15 Mar 16 Sep 16 28 2014 8.6 19 11 13 Marble Arch House 2013 7 2 39 Victoria Street 2013 4 Bedford Street 2014 3 Total 2010 Programme: 27.8 67 39 42 The Clarges Estate 2017 3 Hereford 2014 2.8 17 22 22 33 35 29 23 23 20 The Hempel 2015 n/a 7 5 2 1 Craven Hill Gardens 2014 n/a Aldgate Place, Phase 1 2016 n/a 8 5 9 3 6 Broadgate Circle 2014 4 1 Milton Keynes, Kingston Centre 2014 0.3 1 Broughton Park, Chester 2014 0.4 1 4 Meadowhall Surrounding Land 2015 0.4 Whiteley Leisure, Fareham 2015 0.2 23 2 Fort Kinnaird, Edinburgh 2015 0.1 2 Total Recently Committed: 4.2 47 63 57 51 34 30 Total Committed: 32.0 114 102 99 51 34 30 Total Near-term 24 25 33 64 77 79 Indicative Interest Capitalised on above at attributable rates¹ 10 10 9 8 10 11 1 Financing costs are capitalised on qualifying expenditure for committed and near term developments; the rate is at 3% for Leadenhall and 4% for all other developments 38 British Land
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