MRM // 2022 Universal Registration Document

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Information on M.R.M.’s activities

Presentation of the Company

3 BREAKDOWN BY SECTOR AS A % OF GROSS ANNUALISED RENTS

Offices 5%

Entertainment 7%

At the end of 2022

Services 8%

Household equipment 18%

7%

11%

26%

Culture, gifts, leisure 11%

9%

At the end of 2021

Food and catering 18%

8%

20%

9%

10%

Health and beauty 16%

Personal equipment 17%

1.5.5 Main investments made by the Company over the last three years

In 2022, the Company acquired the Flins and Ollioules shopping centres (see Section 1.2 of this Universal Registration Document) for €90.7 million, including transfer duties and costs.

2022

2021

2020

(in millions of euros)

Acquisitions

90.7

-

-

Investments/Capex

1.4

2.8

3.1

TOTAL

92.1

2.8

3.1

1.5.6 Recent events

None.

1.5.7 Strategy and outlook

On the strength of its expanded retail portfolio and its relationships with an increased number of retailers and brands since the acquisition of the Flins and Ollioules shopping centres at the end of 2022 (see Section 1.2 of this Universal Registration Document), M.R.M. intends to continue to roll out its dynamic asset management policy with the following priorities: • the study and implementation of investment programmes for the valuation of the assets making up the historical portfolio such as the two shopping centres acquired at the end of 2022; • letting available space; • the deployment of the ESG action plan and the Climate Plan adopted by the Company, with particular attention paid to the reduction of energy consumption and the publication of

a Statement of Non-Financial Performance on a voluntary basis (inserted in Chapter 5 of this Universal Registration Document); and • dynamic management of the portfolio with analysis of potential acquisitions and disposals. From 2023, M.R.M. will benefit from the full effect of the acquisition of the Flins and Ollioules shopping centres on its rental income as well as on the improvement of its operational profitability thanks to a better absorption of its fixed costs. M.R.M. confirms that these acquisitions enable it to target net annualised rental income of more than €16 million by 2025, compared to €10 million previously. This target is based on the current portfolio (excluding acquisitions and disposals). Lastly, M.R.M. intends to maintain its policy of regular distribution to shareholders.

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M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT