MRM // 2021 Universal Registration Document

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Information on M.R.M.’s activities

Presentation of the Company

In 2015, an office property on rue de la Brèche-aux-Loups, Paris (12 th arrondissement) was sold for €16.8 million excluding transfer taxes. In 2016, three office properties located in Rueil-Malmaison, Les Ulis and Cergy-Pontoise were sold for a total amount of €38.4 million excluding transfer taxes. In 2017, M.R.M. acquired the full ownership of the Aria Parc retail park in Allonnes, via the purchase of a 1,500 Sqm retail unit for €1.8 million excluding transfer taxes, and sold, for an insignificant amount, a small retail space previously operated by Gamm Vert. In 2018, M.R.M. sold the Nova office property in La Garenne Colombes for the sum of €38.0 million, excluding transfer taxes. In addition, as part of its active retail-portfolio management strategy, M.R.M. has also sold a small retail space previously operated by Gamm Vert for €0.2 million excluding transfer taxes. In January 2019, M.R.M. announced the sale of Urban, an unoccupied 7,970 Sqm office property in Montreuil, for the sum of €6.35 million excluding transfer taxes. This transaction marks the completion of the process to refocus M.R.M.’s asset portfolio on retail properties. It brings the cumulative amount of office properties sold by M.R.M. within the framework of its office asset disposal programme to €132.3 million, 9.8% higher than the appraisal values as of 30 June 2013 after taking CAPEX into account.

In 2011, five retail assets (in Barjouville, Moulin-les-Metz, Vineuil and two in Chambray-les-Tours) and three office properties (in Boulogne-Billancourt, Rueil-Malmaison and Puteaux) were sold for a total of €55.3 million excluding transfer taxes. In 2012, five retail properties (in Claye-Souilly, Coignières, Créteil, Montigny-lès-Cormeilles and Pierrelaye), an office property (on rue Niepce in Paris in the 14 th arrondissement) and a residential space (in a retail property in Tours) were sold for a total of €22.5 million excluding transfer taxes. Phase 3. Refocusing on retail As part of its strategy of refocusing on retail property, begun in mid-2013 following the entry of SCOR SE into its capital, M.R.M. has sold the following office properties and acquired the following retail assets: In 2013, an office property on rue de la Bourse, Paris (2 nd arrondissement) was sold for €10.4 million excluding transfer taxes. In 2014, two office buildings on rue Cadet in Paris (9 th arrondissement) and Rungis were sold for €22.5 million excluding transfer taxes.

A property portfolio refocused on retail assets

31/12/2021

31/12/2020

Value excluding transfer taxes

€162.0 m

€161.0 m

+0.6% vs. 31/12/2020

-4.2% vs. 31/12/2019

+3.5% excl. effect of disposals

-4.1% excl. effect of disposals

Total area

76,414 Sqm

87,757 Sqm

Value breakdown

100% retail

100% retail

The Group’s retail properties are located in the Paris region and in large cities in the provinces. Diverse assets types are covered, including shopping centres and malls, high-street retail units, independent suburban retail premises and premises in retail parks. The vast majority of the 153 tenants are national and international retail brands. Together, these retailers account for 77% of gross annualised rents.

As of 31 December 2021, the portfolio was valued at €162.0 million excluding transfer taxes and covered a surface area of 76,414 Sqm compared with 87,757 Sqm a year earlier. This contraction follows the disposal of two non strategic assets from the Gamm Vert sub-portfolio, namely: • a 8,600 sqm warehouse in Mer (Loir-et-Cher), currently let to Gamm Vert. The warehouse has been sold to a foreign investor specialising in industrial and logistics developments; • a 1,600 sqm stand-alone property in Salbris (Loir-et-Cher) that was vacated by Gamm Vert in 2020. This property has been sold to a local independent investor.

M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT

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