Establishment of SCA Property Group

4 Modern Retail Assets 18 • The Completed Portfolio has an average age of 2.1 years (2) • Relatively recently completed assets are expected to require less near term capital expenditure than older assets -The Portfolio consists of 56 completed and operating properties (the Completed Portfolio) – 13 properties under construction or redevelopment to be completed by the Woolworths Group (the Development Portfolio) for which an initial payment has been made with final payments under the DMAs payable on completion - The Development Portfolio properties are expected to be completed by the end of June 2014 Completed Portfolio Development Portfolio Total Properties Valuation ($m) Portfolio Capitalisation Rate WALE (weighted by GLA) (3) 56 13 69 1,074 332 1,406 8.1% 7.9% 8.1% 15.8 yrs 15.8 yrs Average property age 2.1 yrs 2.1 yrs Occupancy (weighted by GLA) (3) 95% 95% Woolworths Group leases as % of GLA 75% 76% 75% Woolworths Group leases as % of Fully Leased Gross Income 61% 65% 61% €23 (2) (3) Weighted average property age by value as at 1 December 2012 across the Completed Portfolio, assuming completion date or redevelopment date where assets have had a major redevelopment undertaken As at 1 December 2012 across the Completed Portfolio Except where noted, all data based on independent valuations for the Completed Portfolio and the Development Portfolio

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