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Total Property Return
<br />

vs IPD Central London Index!<br />

Quarters, June 2003 – Mar 2010 (%)!<br />

15!<br />

10!<br />

5!<br />

GPE!<br />

IPD central London!<br />

Relative!<br />

0!<br />

-5!<br />

-10!<br />

-15!<br />

Jun 2003! Jun 2004! Jun 2005! Jun 2006! Jun 2007! Jun 2008! Jun 2009!<br />

Source: IPD!<br />

6!<br />

Agenda!<br />

Introduction<br />

!Toby Courtauld, Chief Executive!<br />

Financial Results !Timon Drakesmith !<br />

!Finance Director!<br />

Market !Toby Courtauld, Chief Executive !!<br />

Valuation!<br />

Acquisitions & Disposals!<br />

Asset Management<br />

Development Update!<br />

!Neil Thompson, Portfolio Director!<br />

Outlook<br />

!Toby Courtauld, Chief Executive!<br />

7!

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