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

1.7 Internal control and risk management procedures relating to the preparation and processing of accounting and nancial information 1.7.1 Objectives of internal control procedures The control procedures implemented by the M.R.M. group (i.e. the Company and all entities it directly or indirectly controls) relating to the preparation and processing of accounting and financial information aim to: • coordinate the proper circulation of accounting, financial and management information between external parties and the managers of M.R.M. group companies; and • prevent and manage risks associated with the M.R.M. group’s activities, and the risks of errors or fraud, with particular regard to accounting and finance. Internal control cannot however provide an absolute guarantee that the Company’s objectives will be achieved. The Chief Executive Officer The Chief Executive Officer is responsible for the communication and coordination of financial information between the various parties involved in the pursuit of the defined strategy. This person ensures the quality of the internal control and risk management systems. The Chief Executive Officer, the Chairman of the Board of directors and the Board of directors oversee the companies in the M.R.M. group in general and make sure that their legal, contractual, financial, fiscal and administrative obligations are fulfilled so that the Company is managed in the best and most efficient way. In the proper execution of his duties the Chief Executive Officer makes sure he is informed by the Chief Financial Officer and the Head of asset management about all matters relating to the Group’s buildings, takes any steps necessary to collect such information, approves the decisions taken, and alerts the competent bodies of the potentially unfavourable consequences of decisions left unresolved. The Chief Executive Officer oversees the actions of the Chief Financial Officer and the Head of asset management and is responsible for preparing and presenting the general budget and business plan setting out the objectives and strategy for the short and medium term. 1.7.2 Internal control stakeholders

• deployment of the Climate Plan adopted by the Board, with particular attention paid to reducing energy consumption. M.R.M. maintains its target of total annualised net rents in excess of €10 million, assuming a physical occupancy rate of 95%. This target is based on the current portfolio (excluding acquisitions and disposals). At the same time, in order to prepare the Company’s future, M.R.M. will look into opportunities for the acquisition and disposal of assets while paying special attention to sectorial trends (the desire for proximity and making meaningful purchases, development of digital technology and online sales) that already existed and have accelerated since the beginning of the health crisis. 1.6 Main risks and uncertainties facing the Company The risks and uncertainties facing the Company are, on the date of this report, those which could have a material adverse impact on the Company, its business, its position, its earnings or share price, and which are significant with regard to investment decisions. The Company has assessed the risks which could have a significant negative effect on its activity, its financial situation or its results (or on its capacity to achieve its objectives), and it believes that there are no significant risks other than those presented in Section 2 of the 2020 Universal Registration Document. The Company’s exposure to risks related to prices, credit, liquidity and cash, as well as its hedging policies, are detailed in the notes to the consolidated financial statements for the financial year ended 31 December 2020. Measures taken by the Company to reduce the financial risks from the effects of climate change by implementing a low-carbon strategy in all areas of its business are described in Section 4 “Social, environmental and societal information” of this report.

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M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT