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

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Information on corporate social responsibility

The note on methodology regarding CSR Information and the report of the independent third party on CSR Information contained in the management report are appended to this report (Appendices 3 and 4). 4.1 Social information The Group had four employees at end-2016. No employees left the Company during the year, leaving the number of Group employees identical at four as of 31 December 2017. The workforce is made up of two women and two men under 45 years of age working full-time whose working hours comply with the prevailing legislation. All M.R.M. employees are based at the Company’s head office at 5 avenue Kléber in Paris (16 th arrondissement) and come under the collective national agreement for the property sector dated 9 September 1988 and updated on 23 November 2010. Group payroll in 2017 was €521 thousand against €481 thousand in 2016. Merit and performance are the two fundamental principles driving M.R.M.’s remuneration policy, and a review is carried out on an annual basis to assess these. Thus, all employees are assured that their position and performance are assessed by management every year and, during this annual review, they are advised of the results of this assessment and its tangible effects through the variable portion of their remuneration package. M.R.M. seeks to help its employees develop and evolve and therefore pays particular attention to training and developing skills within the Company. In 2017, employees received 41.5 hours of training. Because of the low number of employees, the Company has not set up any organisation for social dialogue or entered into any agreements with trade unions on health and safety issues in the workplace. Furthermore, M.R.M. employees are engaged in office work which, by its nature, involves relatively low levels of risk. Finally, the premises where M.R.M. has its head office meet current safety and security standards. In 2017, absenteeism amounted to six days and there were no workplace accidents or occupational diseases. Following the entry into force of the law of 27 January 2011 on gender balance on boards of directors and supervisory boards and gender parity, M.R.M.’s Board of directors at its meeting of 7 December 2017 approved the Company’s policy on gender parity and equal pay, reaffirmed its determination to be a socially responsible employer, and confirmed that it would undertake to apply a human resources policy based

on non-discrimination in matters of recruitment, professional assessment, professional mobility and professional training. The Company also respects freedom of association and the right to collective bargaining. However, its employees have not to date initiated any labour relations mechanism. Finally, because of the low number of employees, the Company did not take any measures in favour of the employment and integration of disabled persons. As M.R.M.’s business is based in France, it is not directly bound by the International Labour Organization’s fundamental conventions on the elimination of forced or compulsory labour and the effective abolition of child labour because French law already prescribes prohibitions in these areas. 4.2.1 General environmental policy While continuing to prioritise the restructuring and value- enhancement of its property portfolio, during the 2017 financial year the Company pursued its commitment to development which reconciles environmental conservation and economic efficiency. In its operations, the Company adheres to and sees that its service providers adhere rigorously to environmental regulations in all stages of property investment (acquisition, design, property management). This concerns, for example, detecting asbestos and other harmful or hazardous materials contained in properties considered for acquisition, drawing up and updating technical reports on asbestos for properties in the portfolio, replacing equipment operating on R22 gas, observing insulation standards, and optimising the energy efficiency of buildings undergoing restructuring. As to the properties being renovated, M.R.M. pays great attention to the treatment of common areas and landscaped spaces. M.R.M. plans to reposition its properties in their environment by incorporating the changes in town planning and the enhancement of natural landscaped surroundings. However, the Company does not believe that its property activity causes any releases to soil that could seriously affect the environment. In addition, SCC and Accessite, both of which provide property management and operational asset management services for M.R.M. retail assets, are signatories of the lessor-tenant charter of the Conseil National des Centres Commerciaux (CNCC). The applicant is also planning to offer its tenants a “green” lease that includes an environmental rider: the CNCC lessor-tenant charter, which requires stakeholders to engage in a collective, consensus-based approach to drive progress. 4.2 Environmental information

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M.R.M. 2017 REGISTRATION DOCUMENT