MRM_REGISTRATION_DOCUMENT_2017

3

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

At its premises at 5 avenue Kléber, Paris, the Company sorts and recycles its waste, including paper, toner and ink cartridges, electronic and IT equipment, batteries, fluorescent bulbs and tubes, plastic cups and bottles, and cans. The quantity of waste generated by M.R.M. employees in 2017 is estimated at 113 kg. Because of its activity in France as a real estate company, and since it does not have any of its own restaurants, the Company does not believe that measures to combat food waste apply to it. Water consumption Regarding water management, the Aria Parc retail park in Allonnes is equipped with a system for recovering and storing rainwater in a 55 cbm underground cistern used for watering landscaped areas on site by a drip system, thus saving on water consumption while making the area more pleasant for users. Water consumption can also be reduced by installing dual flush toilets (full and partial flush) and electronic mixer taps that can detect physical presence and regulate water flow to replace traditional fittings as at the Nova building in La Garenne-Colombes, the Les Halles du Beffroi shopping centre in Amiens and the Carré Vélizy complex in Vélizy-Villacoublay. The installation of distributed electronic water meters in the Les Halles du Beffroi shopping centre in Amiens, the Galerie du Palais in Tours, the Sud Canal shopping centre in Montigny-le-Bretonneux and the Carré Vélizy complex in Vélizy-Villacoublay allows the Company to better monitor and therefore manage water consumption via more reliable and precise meter readings. The Group is currently considering a project to replace cooling towers by a closed system at the Galerie du Palais in Tours with a view to significantly reducing its water consumption. Given the geographical location of its properties, the Company is not exposed to any particular local constraints in terms of water supply or consumption. Energy consumption In 2014, the Company continued its efforts in this area by replacing fan coils on Carré Vélizy complex in Vélizy- Villacoublay and by upgrading or streamlining centralised thermal management in its retail properties in Carré Vélizy and Le Passage de la Réunion in Mulhouse. 4.2.3 Sustainable use of resources

At La Galerie du Palais in Tours, the refurbishment of condenser pumps and restoration of the flow switch in 2014 led to energy savings in terms of both water and electricity consumption. After fitting motion detectors in the communal areas of the Nova building in 2014, the last remaining halogen bulbs were replaced with LEDs between the lobby and the company restaurant on the ground floor in 2017. To comply with regulations relative to substances that deplete the ozone layer, the Company is gradually replacing its cooling units that still use R22 gas such as in the Le Passage de la Réunion shopping centre in Mulhouse in 2014. In 2015, all of the fluorescent tubes used on the two floors of the parking decks at the Sud Canal shopping centre in Montigny-le-Bretonneux were replaced by LEDs, leading to a 51% saving in consumption in 2016 versus an expected saving of 25%. In 2016, LEDs and chandeliers were installed in all communal areas of the Carré Vélizy complex and motion detectors were installed in the parking decks. Finally, a number of HVAC facilities were modernised. The restructuring works of the upper ground floor of the Les Halles du Beffroi shopping centre in Amiens carried out in 2016 involved changing the roof-based heating and air conditioning system and installing a new heating system in the main hall as well as changing all of the lighting in the property to LED. In the La Galerie du Palais shopping centre in Tours, the general low voltage panel and transformer were replaced in 2016. In 2017, the Group completed the progressive installation of an LED lighting system in the stairwells of the Nova building. The entire lighting of the Passage de la Réunion shopping centre and public car park in Mulhouse was also replaced with an LED lighting system. When the Ecole-Valentin Carrefour shopping centre was renovated in 2017, the entire public area lighting of the adjoining shopping mall was replaced with an LED lighting system. In addition, some HVAC equipment at the Carré Vélizy complex in Vélizy-Villacoublay was upgraded. The Company intends to make structural improvements in 2018 to reduce or optimise its energy consumption. To this end, the Company carried out an energy audit of the Aria Parc retail park in Allonnes and the Galerie du Palais in Tours with a view to replacing car park lighting with LED systems in 2018.

M.R.M. 2017 REGISTRATION DOCUMENT

63