MRM // 2021 Universal Registration Document

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General information on the issuer and its share capital

Consolidated nancial statements for the nancial year ended 31 December 2021

Standards, amendments and interpretations for application published by the IASB but not adopted by the European Union as of 1 January 2021 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: • amendments to IAS 1 - “Disclosures on Accounting Principles and Methods”; • amendment to IAS 1 - “Classifcation of liabilities as current or non-current liabilities”; • IFRS 17 - “Insurance contracts”; • amendments to IAS 12 - “Deferred tax relating to assets and liabilities arising from the same transaction”; • amendments to IAS 8 - “Defnition of Accounting Estimates”. The Group did not opt for the early adoption of these amendments, which will have no material impact on its results and financial position. In 2020 and 2021, the Group granted rent waivers on a case-by-case basis to its tenants whose activity had been strongly impacted during the frst lockdown period in 2020: • rent waivers accompanied by compensatory measures modifying the terms of the lease within the meaning of IFRS 16, such as an extension of the lease term or a waiver to give notice at the next three-year deadline, have been spread over the fixed term of the lease in accordance with the standard. As a result, €0.4 million has been spread over nine years, resulting in a negative impact of €(64) thousand on gross rental income in 2021 and of around €(30) to (60) thousand per annum over the next few years; • other rent waivers, without consideration modifying the terms of the lease within the meaning of IFRS 16, are recognised as operating expenses. In 2021, the impact was €(0.1) million. As there is still much uncertainty over how the sanitary and economic situation will evolve before returning to normal, M.R.M. is closely monitoring the resumption of business for its tenants and, if necessary, will provide additional support measures as appropriate. Thus, as of 31 December 2021, M.R.M. estimated the support measures for the second lockdown period of 2020 at €0.2 million (compared with €0.4 million estimated as of 31 December 2020), and for the lockdown period observed in 2021 to €0.5 million. A reversal Accounting treatment of support measures granted to tenants in the context of the health crisis

of provisions for impairment on trade receivables of €0.2 million and a provision for impairment on trade receivables of €(0.5) million were therefore recorded in operating income.

2.2.1. Consolidated statement of financial position

The statement of financial position is presented by separating current and non-current assets and liabilities: • non-current assets consist of investment properties, right of-use assets, property, plant and equipment and intangible assets, and deposits paid; • current assets consist of property assets held for sale, all operating and tax-related receivables, and any other assets with an initial maturity of under one year or undated; • liabilities are classified as current or non-current depending on their due date. As a result, bank borrowings, guarantee deposits received and tax-related liabilities have been split into liabilities of under one year and liabilities of over one year, in accordance with the repayment schedules. Operating payables with a maturity of under one year constitute current liabilities. 2.2.2 Statement of consolidated comprehensive income Income and expense items recognised during the period are presented in two statements: • one statement detailing profit or loss items – the consolidated income statement; • one statement starting with net income and itemising other items of comprehensive income – the consolidated comprehensive income statement. The consolidated income statement thus splits out the following items: • operating income, as defined by CNC Recommendation 2009 R-03, includes recurring items of current income as well as changes in the fair value of properties, gains (losses) on disposal or the scrapping of investment properties (total or partial), and other operating income and expenses; • financial profit (loss) is the sum of financial income and expenses, other financial income and expenses, changes in the value of financial instruments (interest rate caps and marketable securities), and discounted payables and receivables; • net income before tax is the sum of operating income, financial profit (loss) and other non-operating income and expenses.

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M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT