MRM - 2018 Registration document

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Information on M.R.M.’s activities

Company history

Cash flow statement

The simplified cash flow statement for the past three years is as follows:

31/12/2018

31/12/2017

31/12/2016

(in millions of €)

CONSOLIDATED NET INCOME

-10.4

-4.6

5.1 6.7 0.4 7.1

CASH FLOW

3.6 0.8 4.4

3.5

Change in operating working capital Change in cash flow from operations Change in cash flow from investing activities Change in cash flow from financing activities NET CHANGE IN CASH AND CASH EQUIVALENTS

-1.8

1.7

24.0

-7.9 -5.4

26.9

-28.3

-22.4

0.1

-11.6

11.6 13.4 25.0

Opening cash and cash equivalents Closing cash and cash equivalents

13.4 13.5

25.0 13.4

Company history

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9 November 2007: after the AMF approved the E. 07-163 document on 8 November 2007, M.R.M. announced its plans to turn itself into a mixed listed real estate investment Company. This was undertaken via the takeover of Dynamique Bureaux by M.R.M. and the contribution by Commerces Rendement of its shares (directly and indirectly with the contribution of all of Investors Retail Holding’s shares, a company whose sole assets were its holdings in Commerces Rendement). 12 December 2007: the M.R.M. General Meeting of shareholders approved the following items and transactions: • contribution of all Commerces Rendement shares not held by Investors Retail Holding; • contribution of all shares in Investors Retail Holding; • takeover of Dynamique Bureaux; • cooption of directors on 29 June 2007; • transfer of the Company’s head office to 65/67 avenue des Champs-Élysées, Paris (8 th arrondissement ); • drafting of the Company’s Articles of Association; • authorisation to carry out capital increases. 30 January 2008: M.R.M. opted for SIIC ( Société d’investissements immobiliers cotée – real estate investment trust) status from 1 January 2008.

M.R.M. was initially a holding Company at the head of a group organised around three business lines: manufacturing and sales of velvet products (JB Martin), clothing design and retailing in Mexico (Edoardos Martin), and the production and sale of plastic tubes and cables (M.R. Industries). In the early 2000s, M.R.M. began to actively refocus on its two primary business lines and gradually sell off all companies in the M.R. Industries business line, which was sold, together with its only subsidiary, Tecalemit Fluid System, on 29 June 2007 to JB Martin Holding for €1. 29 June 2007: Dynamique Bureaux, a property investment company managed by CB Richard Ellis Investors, took control of M.R.M., then listed on the Euronext Paris Eurolist, by acquiring 70.03% of its share capital. Before the acquisition, M.R.M. had sold all of its operational businesses grouped under the subsidiary JB Martin Holding. 31 July 2007: Dynamique Bureaux launched a simplified takeover bid for the remainder of M.R.M.’s shares. 30 August 2007: after the simplified takeover bid, Dynamique Bureaux held 96.93% of M.R.M.’s share capital and voting rights. 28 September 2007: M.R.M. began to carry out its first acquisitions of office buildings through property companies.

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M.R.M. 2018 REGISTRATION DOCUMENT