MRM - 2020 Universal Registration Document

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General information on the issuer and its share capital

Consolidated financial statements for the financial year ended 31 December 2020

5.5 Gains (losses) on disposals of properties

The gains (losses) on the disposals of properties break down as follows:

Sale of buildings 12/31/2020

Sale of buildings 12/31/2019

(in thousands of euros)

Proceeds from disposals net of expenses Net book value of disposed properties RESULT ON DISPOSALS OF PROPERTIES

580

5,346

-180 400

-5,430

-84 The proceeds from the sale, net of costs, include €400 thousand corresponding to the release of a portion of the sale price of the Urban building sold in 2019, which had been placed in an escrow account.

5.6 Change in fair value of properties

12/31/2020

(in thousands of euros)

Opening net balance of properties

168,070

Asset disposals

-180

Works

3,082

Closing net balance of properties

160,950 -10,022

CHANGE IN FAIR VALUE

5.7 Net borrowing cost

The net borrowing cost breaks down as follows:

12/31/2020

12/31/2019

(in thousands of euros)

Interest received

4

-

Interest and similar expenses NET BORROWING COST

-1,236

-1,232

-1,232

-1,232

5.8 Change in fair value of nancial instruments and marketable securities The €1 thousand decrease in the fair value of financial instruments and marketable securities over the period was due exclusively to the change in the fair value of a cap (see note 4.9). 5.9 Earnings per share The consolidated net earnings per share at €(0.16) is calculated by dividing the consolidated loss by the number of shares outstanding (excluding treasury shares) at closing, i.e. 43,622,724 shares as of 31 December 2020. See note 4.11 “Information on the number of shares outstanding”.

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M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT