MRM - 2020 Universal Registration Document

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Information on M.R.M.’s activities

Presentation of the Company

3 3 LEASE MATURITIES OF THE MAIN TENANTS

Lease type Maturity lease 6-9-12 01/2021 lease 6-9-12 06/2028 lease 6-9-12 07/2021 lease 4-6-9 12/2025 lease 6-9-10 08/2026 lease 3-6-9 12/2023 lease 6-9-10 06/2028 lease 3-6-9 03/2023

Tenants

% of rents

Tenant No. 1

4.8%

Tenant No. 2

4.8%

Tenant No. 3

4.4%

Tenant No. 4

3.1%

Tenant No. 5

2.5%

Tenant No. 6

2.5%

Tenant No. 7

2.1%

Tenant No. 8

1.9%

lease 9-10 06/2029

Tenant No. 9

1.9%

lease 6-9-10 05/2027

Tenant No. 10

1.7%

TOTAL RENT FROM TOP 10 TENANTS

29.7%

1.4.5 Main investments carried out by the Company in the last three years

extension works on the Valentin shopping centre. Work on the car parks and planting trees will be fnalised in mid 2021.

A total of €3.1 million was invested in the retail property portfolio in 2020. This mainly concerned the fnishing of the

2020

2019

2018

(in millions of euros)

Acquisitions

-

-

-

Investments/CAPEX

3.1

8.0

14.5

TOTAL

3.1

8.0

14.5

1.4.6 Recent events

The current context remains marked by the health crisis linked to the COVID-19 pandemic and by the measures taken by the French government to restrict the movement of the population and the opening of shops, in order to fght against the spread of the virus. As such, since 30 January, 2021, shopping centers of more than 20,000 Sqm have been opened only to provide access to food shops and chemists. Of M.R.M.’s portfolio only the Valentin shopping centre has been affected by this measure.

Then, a new lockdown, frst applied to 16 French departments from 18 March 2021 and then rolled out across the entire country since 3 April 2021, was implemented in France, resulting in a new closure of so-called “non -essential” shops. Therefore, the M.R.M. tenants who are currently open represent 51% of the rental base.

M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT

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