MRM_REGISTRATION_DOCUMENT_2017

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Information on M.R.M.’s activities

Significant changes in the financial or commercial position

Human resources

1.7

Following the recapitalisation of M.R.M. in 2013, the Company brought Executive management and Financial Management back in-house as of 1 August 2013. Prior to this, the Company had no employees. In 2015, the asset management of its property assets was reorganised and the Company appointed an in-house Head of Asset management for its shopping centres. The Company currently has four employees who are all based at the head office at 5 avenue Kléber, Paris (16 th arrondissement ). The Company’s Chief Executive Officer is a remunerated corporate officer (see paragraph 2.2.1. «Remuneration of the

Chief Executive Officer» of the corporate governance report in section 4.1 of this Registration Document). Currently no employees of the Company or its subsidiaries are in receipt of stock options or bonus shares. Nor is there currently any agreement providing for an employee shareholding scheme. The Company’s human resources policy is set out in full in paragraph 4 “Information on corporate social responsibility” of the management report of the Board of directors in section 3.6 of this Registration Document.

Research and development

1.8

Due to the nature of its business as a real estate investment Company, M.R.M. has no research and development policy. It has registered the domain name “www.mrminvest.com”.

The Company does not consider that its business or profit capacity is in any way dependent on any particular brand, patent or licence.

Environmental policy

1.9

The Company’s environmental policy is set out in full in paragraph 4 “Information on corporate social responsibility” of

the management report of the Board of directors in section 3.6 of this Registration Document.

1.10 Significant changes in the financial or commercial position

M.R.M. marked its tenth full financial year as a listed real estate investment Company in 2017. Having strengthened and enhanced its financial position since the recapitalisation operation in 2013, and in line with

the direction taken after SCOR Group became a majority shareholder, M.R.M.’s strategy is to continue to refocus its activities on the holding and management of retail properties, continuing to gradually dispose of its office properties.

M.R.M. 2017 REGISTRATION DOCUMENT

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