Full Year Results Presentation

Near term development pipeline Near Term Pipeline As at Sector BL Sq ft 31 March 2021 Share Earliest Start on Current Cost to ERV Let & Value Come Site Under Offer Planning Status % '000 Calendar Year £m £m¹ 2 £m £m 5 Kingdom Street Office 100 438 Q2 2022 117 344 30.1 Consented Aldgate Place, Phase 2 Residential 100 136 Q3 2021 28 99 6.5 Consented Canada Water - Plot A13 Mixed Use 100 272 Q3 2021 30 218 6.7 Consented Canada Water - Plot A23 Mixed Use 100 248 Q3 2021 16 120 10.4 Consented Canada Water Plot K13 Residential 100 62 Q3 2021 25 Consented Total Near Term 1,156 191 806 53.7 Other Capital Expenditure 97 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 April 2021. 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 The London Borough of Southwark has confirmed they will not be investing in Phase 1. The BL ownership share will change over time as costs are incurred and is expected to be c.98-99% by PC. 4 Forecast capital commitments within our investment portfolio over the next 12 months relating to leasing and asset enhancement 87 88

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