MRM - 2018 Registration document

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General information on the issuer and its capital Management report for the year ended 31 December 2018

M.R.M. is a joint-stock company whose shares are listed on the regulated Euronext Paris market, compartment C. On 1 January 2008, the Company elected to benefit from the tax status of a French real estate trust (the SIIC regime). ISIN code: FR0000060196 – Bloomberg code: M.R.M. FP - Reuters code: M.R.M. PA. 1.1.2 Company history Prior to its restructuring as a real estate company in 2007, M.R.M. was originally a listed holding company at the head of a group built around three business activities: manufacturing and sales of velvet products (JB Martin Holding), clothing design and retailing in Mexico (Edoardos Martin), and the production and sale of plastic cables and tubes (M.R. Industries). 2013 was marked by a major recapitalisation of M.R.M. via the acquisition of a majority stake of 59.9% in its capital by SCOR SE and the conversion into M.R.M. shares of the €54 million bond issued by an M.R.M. subsidiary. Alongside the restructuring of M.R.M.’s bank and bond debt to which it was subject, this recapitalisation established a healthy financial structure for M.R.M. characterised by a strengthening of its equity base, significant debt reduction and rescheduling, and the restoration of its cash position. Company governance was amended to reflect the new shareholder base of M.R.M. 1.1.3 Key dates in the past year 23 February 2018: M.R.M. published its 2017 annual results. 27 April 2018: M.R.M. announced the publication and availability of its 2017 Registration Document. 4 May 2018: M.R.M. published financial information for the first quarter of 2018. 15 May 2018: M.R.M. sold the Nova office property in La Garenne-Colombes for €38.0 million. The disposal of M.R.M.’s last operating office property marks the definitive withdrawal of the Group from the office property segment within the context of its strategy launched in mid-2013 to refocus on retail real estate. This brings the total proceeds of office property sales carried out by M.R.M. since this date to €126 million. 31 May 2018: The Ordinary General Meeting of M.R.M. approved all of the proposed resolutions, notably the payment of premiums for up to €0.11 per share. 27 July 2018: M.R.M. published its interim results for 2018 and announced the publication and availability of the half-year financial report for 2018.

9 November 2018: M.R.M. published financial information for the third quarter of 2018.

1.1.4 Equity stakes and controlling interests taken in entities with head offices in France No acquisition of shares or control occurred during the year ended 31 December 2018. As of 31 December 2018, M.R.M. controlled six companies, unchanged from 31 December 2017. The list of equity interests is provided in Appendix 2 of this report. 1.1.5 Company branches In accordance with Article L.232-1 of the French Commercial Code, it is recalled that the Company had no branches as of the date of this report. 1.2 Research & Development In accordance with Article L.232-1 of the French Commercial Code, it is recalled that the Company conducted no research and development during the past financial year. controlled by M.R.M. and their property portfolios It should be recalled that M.R.M. is a dedicated holding company, all property assets being held by its subsidiaries. The list of subsidiaries and affiliates can be found in Appendix 2 of this report. 1.3.1 Retail property portfolio The retail property portfolio is directly or indirectly held by the following subsidiaries: SAS DB Neptune, SAS Commerces Rendement, SAS DB Piper, SCI Immovert, and SCI Galetin II. The Group’s legal structure can be found in Section 1 of the 2018 Registration Document. In 2018, 26 new leases or lease renewals were signed in the retail property portfolio, representing an annual rental income of €1.7 million. As of 1 January 2019, the net annualised rent for retail properties was €8.2 million, up 10.9% from 1 January 2018. As of 31 December 2018, the occupancy rate of the retail properties was up 8 percentage points to 84% compared with 31 December 2017. This increase was due primarily to the reletting of medium-sized retail spaces which had been vacated at the end of 2017 in Reims and at Les Halles du Beffroi in Amiens and to the arrival of new tenants in the Aria Parc retail park in Allonnes. 1.3 Situation and activity of entities

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M.R.M. 2018 REGISTRATION DOCUMENT