MRM - 2019 Universal Registration Document

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

As part of its “Synergies Centre by M.R.M.” concept applied in several of its shopping centres, M.R.M. backs local artists by providing them with a wall on which to regularly exhibit their work in partnership with local art schools. In 2019 the Company renewed its support for the H’up Entrepreneurs association, whose purpose is to represent and support entrepreneurs with disabilities and help make a success of their businesses. 4.2 Environmental information Aware of the interrelationship between the environment and the property sector, M.R.M. has undertaken to reduce its environmental footprint at the corporate level and across its asset portfolio. At the corporate level, M.R.M.’s head offices at 5 avenue Kléber in Paris are certified HQE (High Environmental Quality). The Company encourages its employees as users of the building to respect and protect the environment by sorting waste, using stationery sparingly, using alternative modes of commuting, conserving energy, and adopting other best practices. Across its asset portfolio, M.R.M. applies several voluntary and regulatory measures to limit the environmental impact of its properties. In its day-to-day operations M.R.M. is implementing formal measures such as the mandatory environmental appendix to all leases for retail property with a surface area of more than 2,000 m². The appendix is meant to involve all parties in the value chain in workable and informative efforts to improve energy efficiency, reduce water and energy consumption, and limit waste production. In 2020 M.R.M. aims to include an environmental appendix in all its new leases. 4.2.1 The environmental appendix, a key regulatory tool 4.2.2 Reduction in energy consumption, water consumption and waste production For several years M.R.M. has put concrete measures in place to reduce the amount of energy and water consumed and the amount of waste generated on its properties. In day-to-day operations they are applied via an action plan depending on what works best for each type of retail property managed by M.R.M.

Energy consumption • upgrading and automating heating, ventilation and air conditioning (HVAC) equipment for lower energy consumption and greater comfort, for example by setting up building management systems (BMS); • upgrading and automating lighting systems and equipment for substantial energy savings, for example through the use of LED lamps (which led to a 51% fall in electricity consumption in the Sud Canal shopping centre in 2016) and motion sensors. Water consumption • harvesting rainwater to water natural landscaped surroundings; • reliably monitoring and improving water consumption through the use of electronic submetering; • fitting water saving devices such as dual flush mechanisms, mixer taps and water pressure regulators, and maintaining or replacing faulty plumbing. Waste management • setting up recycle bins to sort five types of waste on all premises with property managers making sure all tenants are on board; • informing tenants of best waste management and waste reduction practices; • incentivising contractors to reduce and sort waste during works. 4.3 The Climate Plan: M.R.M.’s objectives M.R.M.’s CSR objectives find their expression in a strategy and a related operations plan that embed ESG criteria into the Company’s overall investment and management policy. The strategy was approved by the Board of directors at its meeting of 27 February 2020 and revolves around three points: Establishing CSR governance A formal CSR governance will give structure to and coordinate the Company’s CSR policy, embed ESG criteria, update goals and performance indicators in a manner consistent with the Group’s objectives, and manage the ESG performance of the Group’s business.

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M.R.M. 2019 UNIVERSAL REGISTRATION DOCUMENT