Full Year Results Presentation

Retail Valuation Movements -25% Retail FY21 valuation movement Mar '21 Valuations (£'m) 800 700 600 500 400 300 200 100 Greater than 0% 0 to -10% -10% to -20% ■Shopping Centres ■Retail Parks ■Superstores -20 to -30% ■Leisure -30 to -40% High Street More than -40% ■Dept Stores % Valuation Movement in FY21 76

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