MRM - 2020 Universal Registration Document

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Information on M.R.M.’s activities

Presentation of the Company

well connected to the regional metropolitan areas, is in line with the search for well-being and nature. There are new consumer expectations in these markets; • e-commerce: for its ease of implementation and the boom in new technologies, not to mention the travel restrictions implemented in 2020, it has never been so easy to order and receive deliveries at home, in all business sectors; • the search for proximity: even though e-commerce sales have never been higher, the defence of small retailers and the search for proximity or social ties with local retailers has never been stronger; In January 2019, the Group finalised the office assets disposal plan which it launched in 2013. Since then, the portfolio has been made up entirely of retail assets. With a total surface area of 87,757 Sqm at the end of 2020, it was valued at €161.0 million. After the takeover of M.R.M. by Dynamique Bureaux and its conversion into a listed real estate investment company in the second half of 2007, the Group’s asset portfolio was built up in three phases: A merger contribution by Dynamique Bureaux appraised at €162 million excluding transfer taxes as of 31 August 2007. The portfolio then contained nine office property assets representing a total area of 53,650 Sqm. The transaction was approved by M.R.M.’s Combined General meeting of 12 December 2007, retroactive to 1 September 2007. • Contribution of Commerces Rendement to M.R.M. A contribution by Commerces Rendement appraised at €143 million excluding transfer taxes as of 31 August 2007. There were 19 retail property assets in the portfolio for a total area of 75,582 Sqm. The transaction was approved by M.R.M.’s Combined General meeting of 12 December 2007. • Acquisitions carried out by M.R.M. Acquisitions from 1 September to 31 December 2007: office buildings in September and October for €65.5 million, retail properties in September for €3.8 million and mixed office and retail space in November and December for €80.4 million (all excluding transfer taxes). Phase 1. Portfolio composition • Dynamique Bureaux/M.R.M. merger

• ecological awareness: 2020 has also given a new echo to the different consumer aspirations for responsible behaviour, in order to save our planet by limiting the effects of global warming and by consuming responsibly. These developments underline the need to establish a commercial positioning for each retail asset that is adapted to its catchment area and customer ow.

1.4.4 M.R.M.’s asset portfolio as of 31 December 2020

Acquisitions in 2008: an office building in April for €6 million and retail properties (two garden centres and five restaurants) in May and July for €11.3 million (all excluding transfer taxes). Acquisition in 2010: a 1,000 Sqm retail unit. Phase 2. Disposals as part of an adjustment plan Over the 2009-2012 period, as part of an adjustment plan including a major asset disposal programme, M.R.M. made the following disposals: In 2009, three retail properties were sold for a total of €22.7 million excluding transfer taxes. In 2010, the premises of four Pizza Hut restaurants in the Paris region, two retail assets (one in Brétigny-sur-Orge and the other in Angoulême), three office properties (located in Nanterre, Clichy-la-Garenne and Levallois-Perret) and the Marques Avenue A6 outlet centre in Corbeil-Essonnes were sold for a total of €151 million excluding transfer taxes. In 2011, five retail assets (in Barjouville, Moulin-les-Metz, Vineuil and two in Chambray-les-Tours) and three offiice properties (in Boulogne-Billancourt, Rueil-Malmaison and Puteaux) were sold for a total of €55.3 million excluding transfer taxes. In 2012, five retail properties (in Claye-Souilly, Coignières, Créteil, Montigny-lès-Cormeilles and Pierrelaye), an office property (on rue Niepce in Paris in the 14 th arrondissement) and a residential space (in a retail property in Tours) were sold for a total of €22.5 million excluding transfer taxes.

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M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT