Investor Presentaiton

DELIVERING STRONG RETURNS FROM 2010 OFFICE DEVELOPMENT PROGRAMME . Profit on cost over 40%; IRRs of c30% 14 £m £490m £423m 90 £391m £359m £321m 126 175 £257m 192 188 400 192 297 216 167 133 65 Mar 11 Sep 11 ■Profit Taken Profit to Come Mar 12 Sep 12 Mar 13 Sep 13 British Land

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