MRM // 2022 Universal Registration Document

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General information on the issuer and its share capital Management report for the financial year ended 31 December 2022

1.4 Major subsequent events None.

a voluntary basis and included in Chapter 5 of the 2022 Universal Registration Document.

1.7 Internal control and risk management procedures relating to the preparation and processing of accounting and financial information 1.7.1 Objectives of internal control procedures The control procedures implemented by the M.R.M. group (meaning the Company and all entities it directly or indirectly controls) relating to the preparation and processing of accounting and financial information aim to: • coordinate the proper circulation of accounting, financial and management information between external parties and the managers of M.R.M. group companies; and • prevent and manage risks associated with M.R.M. group’s activities, and the risks of errors or fraud, with particular regard to accounting and finance. Internal control cannot, however, provide an absolute guarantee that the Company’s objectives will be achieved. The Chief Executive Officer The Chief Executive Officer is responsible for the communication and coordination of financial information between the various parties involved in the pursuit of the defined strategy. This person ensures the quality of the internal control and risk management systems. The Chief Executive Officer, the Chairman of the Board of directors and the Board of directors oversee the companies in the M.R.M. group in general and make sure that their legal, contractual, financial, fiscal and administrative obligations are fulfilled so that the Company is managed in the best and most efficient way. In the proper execution of his duties the Chief Executive Officer makes sure he is informed by the Chief Financial Officer and the Head of asset management about all matters relating to the Group’s buildings, takes any steps necessary to collect such information, approves the decisions taken, and alerts the competent bodies of the potentially unfavourable consequences of decisions left unresolved. The Chief Executive Officer oversees the actions of the Chief Financial Officer and the Head of asset management and is responsible for preparing and presenting the general budget and business plan setting out the objectives and strategy for the short and medium term. 1.7.2 Internal control stakeholders

1.5 Foreseeable changes and outlook

M.R.M.’s priorities for 2023 as a whole are: • the proper integration of the two assets of Flins-sur-Seine and Ollioules, as well as an examination study of their investment and valuation programmes; • continuation of studies and deployment of investment and valuation programmes for other historical M.R.M. sites; • improved profitability through better absorption of fixed costs; • the deployment of the Climate Plan adopted by the Company, with particular attention paid to reducing energy consumption; • dynamic management of the portfolio with analysis of potential acquisitions and disposals. At 1 January 2023, annualised net rents amounted to €15.1 million. The net annualised rental income target, which was €10 million before the acquisition of the Flins and Ollioules shopping centres, has thus been increased to more than €16 million by 2025. This target is based on the current portfolio (excluding acquisitions and disposals). The risks and uncertainties facing the Company are, on the date of this report, those which could have a material adverse impact on the Company, its business, its position, its earnings or share price, and which are significant with regard to investment decisions. The Company has assessed the risks which could have a significant adverse effect on its activity, its financial position or its results (or on its capacity to achieve its objectives), and it believes that there are no significant risks other than those presented in Chapter 2 of the 2022 Universal Registration Document. The Company’s exposure to risks related to prices, credit, liquidity and cash, as well as its hedging policies, are detailed in the notes to the consolidated financial statements for the financial year ended 31 December 2022. With regard to financial risks related to the effects of climate change in particular, the measures taken by the Company to reduce them by implementing a low-carbon strategy in all parts of its business are described in the Statement of Non-Financial Performance (SNFP) prepared by M.R.M. on 1.6 Main risks and uncertainties facing the Company

M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT

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