Investor Presentaiton

CONSISTENTLY OUTPERFORMING THE MARKET • • Significant outperformance vs IPD, +9.2% since September 2010 (+260bps pa) Outperformed IPD on a 5 year (+230bps pa) and 10 year basis (+70bps pa) 3 HY to 30 September 2011 2012 2013 H1 2014 Total Accounting Return 17.7% 9.5% 4.6% 6.8% Total Property Return 13.1% 8.3% 6.3% 5.5% Total Property Return vs IPD +180bps +200bps +310bps +60bps British Land

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