MRM // 2022 Universal Registration Document

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Information on M.R.M.’s activities

Presentation of the Company

25 March 2008 : M.R.M. joined the Euronext IEIF SIIC index. 7 March 2013 : M.R.M. signed an investment agreement with SCOR SE under which the latter took a majority interest in M.R.M.’s share capital. 13 May 2013 : the M.R.M. General meeting approved the Company’s recapitalisation, provided for in the investment agreement signed on 7 March 2013 with SCOR SE, along with the following transactions subject to carrying out said recapitalisation: • appointment of directors; • reduction of the Company’s share capital by lowering the par value of shares; • allocating negative retained earnings to share premiums; • capital increase without subscription rights in favour of SCOR SE; • conversion into Company shares of the bonds issued by DB Dynamique Financière; • issue and award of Company stock options free of charge to Company shareholders whose shares are registered on the day preceding the date on which the capital increase reserved for SCOR SE is carried out. 29 May 2013 : the recapitalisation provided for in the investment agreement signed with SCOR SE on 7 March 2013 was carried out. It is notably reflected in SCOR SE’s acquisition of a majority stake of 59.9% in the share capital of M.R.M., as well as the conversion into M.R.M. shares of the entire bond issue with a par value of €54.0 million issued by DB Dynamique Financière, a wholly-owned subsidiary of M.R.M. As SCOR SE’s stake in

the share capital of M.R.M. is less than 60%, M.R.M. continues to benefit from its French REIT status and the advantageous tax regime that accompanies it. M.R.M.’s head office was moved to 5, avenue Kléber, Paris (16 th arrondissement ). t 28 July 2022 : continuing its strategy of diversifying and developing its assets, M.R.M. signed a memorandum of understanding with Altarea, SCOR SE, Retail Flins, Retail Ollioules, Foncière Altarea, Alta Ollioules 1 and Alta Ollioules 2, for the acquisition from Altarea of two shopping centres located in Flins and in Ollioules, for a total amount of €90.4 million including transfer taxes. 16 November 2022 : the General Meeting of M.R.M. approved the definitive completion of a share capital increase of €21.0 million reserved for Altarea by means of a contribution in kind, the authorisation to proceed with a share capital increase with preferential subscription rights for shareholders of €28.9 million and the appointment of Altarea as a director. 7 December 2022 : the Acquisition Transaction provided for in the memorandum of understanding signed on 28 July 2022 and its financing were completed. This transformative transaction for M.R.M. resulted in an increase of more than 50% in the value of its portfolio, prospects for improving its profitability and a change in its shareholder structure, while keeping its net debt under control. Following the issue of new shares related to the two share capital increases carried out as part of the transaction, SCOR SE and Altarea now hold respective stakes of 56.63% and 15.94%. Thus, the new M.R.M. shareholding structure following the acquisition complies with the requirements of the French REIT regime.

Presentation of the Company

1.5

The market data presented in this section are taken from a study published by BNP Paribas Real Estate. Further details on the M.R.M. group are given in Section 1.3 of the management report included in Section 3.6 of this Universal Registration Document, to complement some of the information provided in the presentation of the M.R.M. group.

1.5.1 General business overview

The purpose of M.R.M. as a real-estate company is the acquisition, holding, value-enhancement, rental and arbitrage of property assets. The Group’s portfolio consists of stabilised properties and properties with value-enhancement opportunities. Growth lies in increasing rental revenues through improving the occupancy rate of properties and reducing property

expenses, enhancing property value and in combining internal development with growth via acquisitions. The Group operates on the retail property market which has its own characteristics. This business requires in-depth knowledge of the investing and rental markets, of laws and regulations, and of the competitive environment.

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M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT