MRM // 2021 Universal Registration Document

3

General information on the issuer and its share capital

Consolidated nancial statements for the nancial year ended 31 December 2021

In detail, this new mortgage loan secured against M.R.M.’s real estate portfolio breaks down as follows: • a €75.7 million credit facility that has enabled M.R.M. to repay all its bank debt early, namely: €55.1 million due in June 2022, €15.2 million due in October 2022 and €3.7 million due in June 2023; • a €6.4 million credit facility to fnance new investments aiming to capitalise on the portfolio’s remaining potential for value creation, as well as investments to support the environmental targets set by M.R.M. It was taken out with a pool of banks comprising Banque Européenne du Crédit Mutuel, LCL and BRED Banque Populaire. Banque Européenne du Crédit Mutuel acted as agent and co-arranger, LCL acted as co-arranger. Rental management and rentals Despite the context, in 2021 the rental business was dynamic with 18 new leases or renewals of leases signed, covering a total of 10,300 Sqm and representing annual rents of €1.7 million. Among the leases signed, there were retail brands that create footfall and help to strengthen the brand mix, especially in the Valentin shopping centre in Besançon, the Aria Parc retail park in Allonnes, and at Sud Canal in Saint-Quentin-en-Yvelines. Thanks to these signatures, as of 31 December 2021, the physical occupancy rate of the portfolio was 90% and the fnancial occupancy rate was 88%, an increase of 3 and 4 points respectively compared to 31 December 2020. Annualised net rents as of 1 January 2022 amounted to €9.3 million, up 5.6% on a like-for-like basis compared to 1 January 2021. Investments During the year, investments in the buildings in the portfolio, which mainly concern the Valentin shopping centre site, amounted to €2.8 million. M.R.M. points out that its retail portfolio is covered by an investment plan of €35.5 million across seven of its nine existing asset lines. This plan, initiated in 2016, which aims to exploit the potential valuation of the retail assets, has now been fnalised. The launch of the different programmes has been staggered since 2016; the last and biggest of the programmes, namely the partial restructuring and extension of the Valentin shopping centre, was delivered in the frst half of 2021. The surface area of the mall next to the Carrefour hypermarket, the leader in the agglomeration of Besançon, thus grew from 4,100 to 6,700 Sqm, and the number of stores from 32 to 50.

As of 31 December 2021 the mall had been 90% let, with a brand mix that had been enriched and adapted to the local young and family-oriented clientele. Cessions On 7 October 2021, M.R.M. announced the sale of two properties representing 10,200 sqm altogether for a total €4.9 million (excluding transfer taxes), 13% above the properties’ valuations as at end-June 2021. These disposals concern two non-strategic assets in the Gamm Vert sub-portfolio acquired in 2007. They are: • 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. These disposals fall within the framework of M.R.M.’s dynamic management of its property portfolio, having previously announced that it is looking into potential acquisitions as well as possible disposals in a selective manner. Distribution to shareholders The Combined General Meeting of 24 June 2021 authorised, in its third ordinary resolution, a distribution of premium in the amount of €2,183,391, i.e. 5 euro cents gross per share, for the 2020 fnancial year, by deduction from the “Contribution premium” item. The ex-dividend date was 30 June 2021 and payment was made on 2 July 2021. Implementation of a share buyback programme On 24 June 2021, the Board of directors decided to implement the share buyback programme decided by the Combined General shareholders’ Meeting of 24 June 2021 in its fourteenth • stimulate the trading of M.R.M. securities on the secondary market, or the liquidity of M.R.M. shares via a liquidity contract concluded with an investment services provider in accordance with the regulations in force, bearing in mind that the number of shares taken into account for the aforementioned calculation corresponds to the number of shares acquired minus the amount sold; ordinary resolution for an 18-month period. The purpose of the buyback programme is to:

M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT

77