MRM - 2020 Universal Registration Document

3

General information on the issuer and its share capital

Consolidated financial statements for the financial year ended 31 December 2020

Standards, amendments and interpretations for application published by the IASB but not adopted by the European Union as of 1 January 2020 Subject to their final approval by the European Union, the standards, amendments to standards and interpretations published by the IASB and presented below are applicable according to the IASB as of the following dates: • amendment to IFRS 16 - Rental concessions related to the COVID-19 crisis - Applicable to the frst of June 2020 and early application possible; This text is not for compulsory application and applies to fnancial years opened as of 1 June 2020 without restatement of the comparable fgures. Early application is, however, possible following its adoption by the European Union. The purpose of the amendment is to facilitate the accounting by tenants for the rent adjustments related to the health crisis and allow them to not recognise these reductions in rent as a modifcation of their leases. The Group is not concerned by this amendment. • amendments to IFRS 9, IAS 39 and IFRS 7 - “Reform of the interbank reference rates (IBOR)” - Phase 2: applicable from 1 January 2021; • amendment to IFRS 3 - “Update of references to the conceptual framework”: applicable from 1 January 2022; • annual improvements to IFRS - Cycle 2018/2020 (IFRS 1, IFRS 9, IAS 41, IFRS 16): applicable from 1 January 2022; • amendment to IAS 16 - “Recognition of revenue generated before intended use”: applicable from 1 January 2022; • amendment to IAS 37 - “Costs to be taken into account in determining whether a contract is onerous”: applicable from 1 January 2022; • amendment to IAS 1 - “Classifcation of liabilities as current and non-current liabilities”: applicable from 1 January 2023; • IFRS 17 - “Insurance contracts”: applicable from 1 January 2023. The Group did not opt for the early adoption of these amendments, which will have no material impact on its results and financial position. Accounting treatment of support measures granted to tenants in the context of the health crisis The rent waivers granted by M.R.M., for the frst lockdown period (17 March to 11 May 2020) to retail tenants, amounted to €1.0 million.

These accounting rules, which can be accessed via the European Commission’s website (https://ec.europa.eu/info/ business-economy-euro/company-reporting-and-auditing/ company-reporting/financial-reporting_en), are the international accounting standards (IAS) and international financial reporting standards (IFRS) and the interpretations by the Standing Interpretations Committee (SIC) and the International fnancial reporting Interpretations Committee (IFRIC). The Group’s consolidated financial statements were prepared on the basis of the historical cost principle except for investment properties, financial instruments and assets held for sale which are measured at fair value as per IAS 40, IAS 32 and 39 and IFRS 5. Preparing the financial statements in accordance with IFRS requires certain critical accounting estimates to be made. The Group is also required to exercise its judgement when applying accounting methods. The most critical areas in terms of judgement or complexity, or those for which the assumptions and estimates are material with respect to the consolidated financial statements, are set out in note 4.5 on the fair value of investment properties. On 25 February 2021, the Board of directors authorised the publication of the Group’s consolidated financial statements as of 31 December 2020. The standards, amendments to standards and interpretations published by IASB and presented below are applicable for financial years beginning as of 1 January 2020: • amendments to IFRS 3 - “New defnition of an activity” (a “business”); • amendments to IFRS 9, IAS 39 and IFRS 7 - “Reform of Interbank Reference Rates (IBOR)” - Phase 1; • IFRS IC decision on IFRS 16 - “Leases”; • amendments to IAS 1 and IAS 8 - Modifcation of the defnition of “signifcant”; • amendments to the references to the conceptual framework in IFRS. These new amendments and interpretations did not have a material impact on the Group’s results and financial position. Standards, amendments and interpretations applicable as of 1 January 2020

M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT

77