MRM - 2020 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 2020

The Group EPRA NTA reached €93.9 million (€2.15 per share). It tracks changes to the valuation of M.R.M., excluding the effects of changes in the fair value of the fnancial instruments.

Lastly, the Group EPRA NRV reached €104.5 million (€2.39 per share) as of 31 December 2020. To calculate the NAV per share, the treasury shares, numbering 45,089, were restated.

12/31/2020

12/31/2019

Change

(in millions of euros)

Consolidated equity - Group share Revaluation of debt at fxed rates EPRA NDV (Net Disposal Value)

93.9 -0.8 93.1 2.13

101.1

-7.1%

-0.7

100.3

-7.2%

EPRA NDV per share (in euros)

2.30

Restatement of the revaluation of fxed rate debt

0.8

0.7

Fair value of financial instruments

-

-0.0 -0.0

Intangible assets

-0.0 93.9 2.15

EPRA NTA (Net Tangible Assets) EPRA NTA per share (in euros) Restatement of intangible assets

101.1

-7.1%

2.32

0.0

0.0

Registration fees on the fair value of properties EPRA NRV (Net Reinstatement Value)

10.6

11.1

104.5

112.2

-6.8%

EPRA NRV per share (in euros) Number of fully diluted shares (1)

2.39

2.57

43,622,724

43,631,618

(1) After deduction of treasury shares.

The change in EPRA NDV (in millions of euros) between 31 December 2019 and 31 December 2020 breaks down as follows:

-7.2%

NOCF (1) 2020 €+2.9 m

€100.3 m

€93.1 m

∆ FV (2) 2020 €-10.0 m

Others €-0.1 m

12/31/2020

12/31/2019

(1) NOCF - Net Operating Cash Flow. (2) ∆FV = Change in fair value of investment properties.

M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT

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