Investor Presentaiton

2 KEY POINTS Strongly 1 performing 2 business Executing smartly, according to plan Positive about the future . Strong recent results • Continued outperformance • • 3 4 Clear • priorities • Successfully deployed equity placing proceeds Delivering 2010 developments and replenishing the pipeline Repositioning Retail portfolio • Increased economic and investment activity Increased exposure to London/South East and replenished development programme Driving growth from standing investments Delivering returns from developments Continued Retail repositioning British Land

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