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Investor Presentaiton

STRENGTH OF BALANCE SHEET METRICS 50 Proportionally Consolidated Loan to Value (LTV) Average Interest Rate Interest Cover Average Maturity of Drawn Debt (years) Group Loan to Value (LTV) Average Interest Rate Interest Cover Pro forma for drawing down £200m from 2014 USPPS 31 Mar 2013 30 Sep 2013 40.2% 42.3% 4.6% 4.2% 2.3x 2.5x 9.9 8.9* 31 Mar 2013 24.2% 4.4% 30 Sep 2013 28.5% 3.7% 2.8x 3.3x British Land
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