Investor Presentaiton

RECENTLY COMMITTED DEVELOPMENT PROGRAMME 12 months to 30 September (£m) Sector BL Share Sq ft PC Current Calendar Cost to Value Complete ERV Pre-let Resi End Value % '000 Year £m £m1, 1,4 £m² £m £m The Clarges Estate³ Mixed Use 100 193 2017 170 179 5.6 388 Hereford The Hempel Retail 100 310 2014 35 40 5.5 2.8 Residential 100 40 2015 34 26 81 Craven Hill Gardens Residential 100 25 2014 33 8 50 50 Aldgate Place, Phase 1 Residential 50 221 2016 8 52 655 Broadgate Circle Offices 50 45 2014 7 8 1.2 Milton Keynes, Kingston Centre Retail 50 21 2014 4 0.3 0.3 Broughton Park, Chester Retail 44 54 2014 2 5 0.5 0.4 Meadowhall Surrounding Land Retail 50 22 Whiteley Leisure, Fareham Retail 50 58 &$ | S 2015 3 0.4 0.4 Fort Kinnaird, Edinburgh Retail 222 2015 22 55 2015 00 6 0.5 0.2 3 0.3 0.1 Total Recently Committed: 1,044 295 331 14.3 4.2 584 Data includes Group's share of properties in Joint Ventures & Funds (except area which is shown at 100%) 1 From 1 October 2013 to practical completion (PC) 2 Estimated headline rental value net of rent payable under head leases (excluding tenant incentives) 3 Includes 103,000 sq ft of residential 4 Cost to complete excludes notional interest as interest is capitalised individually on each development at our capitalisation rate 5 End value excludes hotel site, receipts of £5 million (BL share) estimated 35 British Land

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