Full Year Results Presentation

CVAS and Administrations Data since April 2017 ■CVA - stores closing Contracted rent reduction £m Number Annualised contracted rent lost by Quarter (£m) of Stores % split of Units ■CVA - reduced rents 14 Admins - stores closing Number of units in c.3,000 portfolio ■Admins - reduced rent 12 Stores under 433 CVA/admins 10 Administrations 35.4 203 Unaffected 13 6% 8 Reduced 8.5 43 21% Rents Closures 26.9 147 73% CVAS 23.0 230 4 Unaffected 71 31% 2 Reduced 17.9 135 59% Rents Closures 5.1 24 10% Total Rent Impact 58.5 Total Total H1 H2 Q1 Q2 FY18 FY19 FY20 FY20 FY21 FY21 Q3 Q4 FY21 FY21 11.7% of total group contracted rent has been lost due to CVAs and Administrations since Apr 2017 19 61

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