Smart Approach in Retail Resilience

Near term development pipeline Let & Under Planning Status As at Sector BL Sq ft 30 September 2020 Share Earliest Start on Current Cost to ERV Value Come Site Offer % '000 Calendar £m £m 1 ₤m² £m Year Near Term Pipeline 1 Broadgate Office 50 539 Q2 2021 91 224 20.0 Consented Aldgate Place, Phase 2 Residential 100 143 Q3 2021 30 94 7.0 Consented Total Near Term 682 121 318 27.0 Other Capital Expenditure³ 70 On a proportionally consolidated basis including the group's share of joint ventures and funds (except area which is shown at 100%) 1 From 1 October 2020. Cost to complete excludes notional interest as interest is capitalised individually on each development at our capitalisation rate 2 Estimated headline rental value net of rent payable under head leases (excluding tenant incentives) 3 Forecast capital commitments within our investment portfolio over the next 12 months relating to leasing and asset enhancement 86

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