Investor Presentaiton

UK CONTRACTED RENTAL INCREASES (CASH FLOW BASIS) 32 Annualised at 30 September (£m pa) Expiry of rent free periods - standing portfolio Expiry of rent free periods – development pre-lets Fixed uplifts (EPRA basis) 2014 2015 2016 2017 2018 2014-16 2014-18 38 1 56 57 21 5 3 24 32 1 1 1 2 3 Fixed & minimum uplifts in lieu of rental growth 1 1 3 3 2 5 10 Total 40 14 33 9 6 84 102 British Land

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