MRM_REGISTRATION_DOCUMENT_2017

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General information on the issuer and its share capital

Consolidated financial statements for the year ended 31 December 2017

Debt maturing within a year consists of the loan taken out with SCOR SE backed by a building classified under “Assets held for sale” and the contractual repayments to be made over the next 12 months.

Principal characteristics of bank debts

Total drawdowns as of 31/12/2017 (in thousands of euros)

Total outstanding as of 31/12/2017 (in thousands of euros)

Loan amount (in thousands of euros)

Credit agreement date

Lending institution

Maturity

Saar LB

21/12/2007 20/12/2022 30/10/2017 31/10/2022 22/12/2016 21/12/2021

12,200 15,200 63,817 91,217

12,200 15,200 52,182 79,582

8,300

Berlin Hyp

14,928 50,156 73,385

Saar LB

The amount of credit available as of 31 December 2017, given drawdowns already made at this date, stood at €11,635 thousand.

Change in bank debts

Non-current debt

Current debt

(in thousands of euros)

Net balance at opening

58,643 16,384

15,506

-

Increases (1) Decreases (2)

-

-17,105

Reclassification

-3,651

3,651

Other (debt issue expenses, capitalisation of interest and discounting)

-236

192

NET BALANCE AT CLOSING

71,141

2,244

(1) Increases in bank debt correspond to drawdowns amounting to €1,184 thousand on an available credit line and a new €15,200 thousand loan taken out to refinance a loan maturing at the end of 2017. (2) Decreases in bank debt correspond to the repayment of a €14,815 thousand loan under the abovementioned refinancing, contractual depreciation and amortisation of €2,086 thousand, and an early repayment of €204 thousand linked to a property disposal.

Bank debt – fixed/variable rate

Fixed rate Variable rate

Total

(in thousands of euros)

BANK DEBTS

61,700

11,684

73,385

4.13 Debts payable against non-current assets

31/12/2017

31/12/2016

(in thousands of euros)

Retail properties Office properties

1,099

967 894

766

DEBTS PAYABLE AGAINST NON-CURRENT ASSETS

1,865

1,862

Debt on non-current assets as of 31 December 2017 primarily related to restructuring works at the Sud Canal shopping centre in Saint-Quentin-en-Yvelines and the Passage de la Réunion shopping centre in Mulhouse as well as development work on the Nova office building in La Garenne-Colombes.

M.R.M. 2017 REGISTRATION DOCUMENT

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