MRM_REGISTRATION_DOCUMENT_2017

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General information on the issuer and its share capital Management report for the year ended 31 December 2017

1.1.2 Company history Prior to its restructuring as a real estate company in 2007, M.R.M. was originally a listed holding company at the head of a group built around three business activities: manufacturing and sales of velvet products (J.B. Martin Holding), clothing design and retailing in Mexico (Edoardos Martin), and the production and sale of plastic cables and tubes (M.R. Industries). The year 2013 was marked by a major recapitalisation of M.R.M. via the acquisition of a majority stake of 59.9% in its capital by SCOR SE and the conversion into M.R.M. shares of the €54 million bond issued by an M.R.M. subsidiary. Alongside the restructuring of M.R.M.’s bank and bond debt to which it was subject, this recapitalisation established a healthy financial structure for M.R.M. characterised by a strengthening of its equity base, significant debt reduction and rescheduling, and the restoration of its cash position. Company governance was amended to reflect the new shareholder base of M.R.M. 1.1.3 Key dates in the past year 24 February 2017: M.R.M. published its 2016 annual results. 28 April 2017: M.R.M. announced the publication and availability of its 2016 Registration Document. 11 May 2017: M.R.M. published financial information for the first quarter of 2017. 1 June 2017: The Combined General Meeting of M.R.M. shareholders approved all of the proposed resolutions, notably the payment of dividends and premiums up to €0.11 per share and the reappointment of six of the seven members of the Board of directors. 10 July 2017: M.R.M. announced that it was the sole owner of the Aria Parc retail park in Allonnes after acquiring the last remaining retail unit (1,500 sqm) and that it signed a lease to house a 3,300 sqm homeware store as part of a project to extend an existing and currently vacant 1,000 sqm retail unit by 2,300 sqm. 28 July 2017: M.R.M. published its interim results for 2017 and announced the publication and availability of the half-year financial report for 2017. 30 October 2017: M.R.M. announced that it took out a new bank loan in the amount of €15.2 million, maturing in 5 years. 9 November 2017: M.R.M. published financial information for the third quarter of 2017.

1.1.4 Equity stakes and controlling interests taken in entities with head offices in France No acquisition of shares or control occurred during the year ended 31 December 2017. As of 31 December 2017, M.R.M. controlled six companies, just as it did as of 31 December 2016. The list of equity interests is provided in appendix 2 of this report. 1.1.5 Company branches In accordance with Article L.232-1 of the French Commercial Code, we inform you that the Company had no branches as of the date of this report. 1.2 Research & Development In accordance with Article L.232-1 of the French Commercial Code, we inform you that the Company conducted no research and development during the past financial year. controlled by M.R.M. and their property portfolios It should be recalled that M.R.M. is a dedicated holding company, all property assets being held by its subsidiaries. The list of subsidiaries and affiliates can be found in appendix 2 of this report. 1.3.1 Retail property portfolio The retail property portfolio is directly or indirectly held by the following subsidiaries: SAS DB Neptune, SAS Commerces Rendement, SAS DB Piper, SCI Immovert, and SCI Galetin II. The Group’s legal structure can be found in section 1 of the 2017 Registration Document. In 2017, 11 new leases or lease renewals were signed in the retail property portfolio, representing an annual rental income of €0.8 million. As of 1 January 2018, the net annualised rent for retail properties was €7.4 million, down 6.1% from 1 January 2017. As of 31 December 2017, occupancy rates of retail properties were down 8% to 76% compared with 31 December 2016. This decline stemmed mainly from tenant departures in Reims, Amiens and Allonnes which more than offset the impact of the lease agreements signed in 2017. However, all leases signed in 2017 had not yet taken effect as of 31 December 2017. As such, the leases signed will take effect on a staggered basis until mid-2018 and will allow for an additional potential 3% increase of the occupancy rate for the retail portfolio. 1.3 Situation and activity of entities

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M.R.M. 2017 REGISTRATION DOCUMENT