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

4.2.2 Pollution and waste management Waste management for office properties owned by M.R.M. is the responsibility of the property manager. As regards selective waste sorting, all our shopping centres have dedicated containers for paper, plastic and other waste, provided to our tenants. M.R.M. asks the site managers to ensure that its retail tenants sort their waste. In the Carrefour École-Valentin shopping mall, M.R.M. raises awareness of best practice in selective sorting among its retail tenants twice a year. Generally, during and after the refurbishment or construction of a property, the Company encourages companies carrying out the work to reduce noise pollution from building sites and to strictly manage waste in order to limit the nuisance caused to the neighbourhood and any occupants of the property and to respect the area around the property. At its premises at 5 avenue Kléber, Paris, the Company sorts and recycles its waste, including paper, toner and ink cartridges, electronic and IT equipment, batteries, fluorescent bulbs and tubes, plastic cups and bottles, and cans. Water consumption Regarding water management, the Aria Parc retail park in Allonnes is equipped with a system for recovering and storing rainwater in a 55m 3 underground cistern used for watering landscaped areas on site by a drip system, thus saving on water consumption while making the area more pleasant for users. The reduction in water consumption was also achieved through the installation in the Les Halles du Beffroi shopping centre in Amiens and on the Carré Vélizy site in Vélizy-Villacoublay of flush toilets with two 50% and 100% controls, and electronic mixing valve taps with presence detectors and an adjustable flow rate to replace conventional taps. The installation of distributed electronic water meters in the Halles du Beffroi shopping centre in Amiens, the Galerie du Palais in Tours, the Sud Canal shopping centre in Montigny-le- Bretonneux and the Carré Vélizy complex in Vélizy-Villacoublay allows the Company to better monitor and therefore manage water consumption via more reliable and precise meter readings. Given the geographical location of its properties, the Company is not exposed to any particular local constraints in terms of water supply or consumption. 4.2.3 Sustainable use of resources

Energy consumption In 2014, the Company continued its efforts in this area by replacing fan coils on Carré Vélizy complex in Vélizy- Villacoublay and by upgrading or streamlining centralised thermal management in its retail properties in Carré Vélizy in Vélizy-Villacoublay and Passage de la Réunion in Mulhouse. At Galerie du Palais shopping centre in Tours, the refurbishment of condenser pumps and restoration of the flow switch in 2014 led to energy savings in terms of both water and electricity consumption. To comply with regulations relative to substances that deplete the ozone layer, the Company is gradually replacing its cooling units that still use R22 gas such as in the Le Passage de la Réunion shopping centre in Mulhouse in 2014. In 2015, all of the fluorescent tubes used on the two floors of the parking decks at the Sud Canal shopping centre in Montigny-le-Bretonneux were replaced with LEDs, leading to a 51% saving in consumption in 2016 versus an expected saving of 25%. In 2016, LEDs and chandeliers were installed in all communal areas of the Carré Vélizy complex and motion detectors were installed in the parking decks. Finally, a number of HVAC facilities were modernised. The restructuring works of the upper ground floor of the Halles du Beffroi shopping centre in Amiens carried out in 2016 involved changing the roof-based heating and air conditioning system and installing a new heating system in the main hall as well as changing all of the lighting in the property to LED. In the Galerie du Palais shopping centre in Tours, the general low voltage panel and transformer were replaced in 2016. In 2017, the entire lighting of the Passage de la Réunion shopping centre and public car park in Mulhouse was also replaced with an LED lighting system. When the École- Valentin Carrefour shopping centre was renovated in 2017, the entire public area lighting of the adjoining shopping mall was replaced with an LED lighting system. In addition, some HVAC equipment at the Carré Vélizy complex in Vélizy-Villacoublay was upgraded. In 2018, the Group installed an LED lighting system in the car park of the Aria Parc retail park in Allonnes and reviewed the possibility of replacing the lighting system in the communal areas of the Galerie du Palais shopping mall with an LED lighting system. The Company intends to make structural improvements in 2019 to reduce or optimise its energy consumption.

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M.R.M. 2018 REGISTRATION DOCUMENT