MRM - 2019 Universal Registration Document

3

General information on the issuer and its share capital Management report for the financial year ended 31 December 2019

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 share 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. The Company’s governance was modified to reflect the new shareholder base of M.R.M. 1.1.3 Key dates in the past financial year 30 January 2019: M.R.M. announced the disposal of Urban, an unoccupied 8,000 m² office property in Montreuil. The transaction marked the conclusion of the process of refocusing on retail property and brought the total amount of office asset disposals carried out by M.R.M. since that date to €132 million. 22 February 2019: M.R.M. published its 2018 annual results. 26 April 2019: M.R.M. announced the publication and availability of its 2018 Registration Document. 10 May 2019: M.R.M. published financial information for the first quarter of 2019. 29 May 2019: M.R.M.’s Combined General Meeting approved all of the proposed resolutions, notably the payment of premiums up to €0.11 per share and the cancellation of the double voting rights attached to shares as approved by a Special Meeting of holders of shares with double voting rights.

26 July 2019: M.R.M. published its interim results for 2019 and announced the publication and availability of the half-year financial report for 2019. 29 October 2019: After six months of refurbishment works, M.R.M. opened the Passage du Palais shopping centre in the heart of the Tours city centre. 8 November 2019: M.R.M. published financial information for the third quarter of 2019. 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 financial year ended 31 December 2019. In 2019, Noratlas, a non-trading property company ( société civile immobilière ), underwent dissolution without liquidation by means of the universal transfer of its assets to M.R.M. As a result, at 31 December 2019 M.R.M. controlled five companies compared with six at 31 December 2018. 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 is recalled that M.R.M. is a dedicated holding company; all property assets are held by its subsidiaries. The list of subsidiaries and affiliates can be found in Appendix 2 of this report. 1.3.1 Property assets Following the announcement on 30 January 2019 of the disposal of the Urban office building, M.R.M.’s asset portfolio consists solely of retail property. This 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 Chapter 1 of the 2019 Universal Registration Document. 1.3 Situation and activity of entities

M.R.M. 2019 UNIVERSAL REGISTRATION DOCUMENT

47