Full Year Results Presentation

Capital Activity Net Spend 1 £m 1,600 1,200 800 400 £7.3bn Gross investment activity since April 2016 (£502m) (£739m) (£753m) £121m £(744)m (400) (800) (1,200) (1,600) (2,000) FY17 Sales FY18 Capital Investment FY19 FY20 FY21 Purchases Net Spend 1 Previous periods have been restated to exclude transactions exchanged in the period that have now completed. Includes post period capital activity including the acquisition of Heritage House, Enfield, the 22% remaining interest of HUT and the disposal of Beaumont Leys (Fletcher Mall). 57 51

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