2012 Full-year results: Presentation - Unibail-Rodamco

•Total consolidated Net Rental Income (NRI) of the shopping centre portfolio amounted to €1,044.4 Mn in 2012, an increase of +€60.3 Mn(+6.1%) compared to 2011:• +€30.3 Mn from acquisitions: acquisition of the remaining 50% stake of Galeria Mokotów and Aupark, acquisition of Splau and a part ofthe Sant Cugat shopping centre in Barcelona, acquisition of additional units in existing shopping centres in Spain, The Netherlands and in France;• +€17.8 Mn from the delivery of shopping centres in France with Confluence and So Ouest and in Spain with El Faro;• -€24.6 Mn due to disposals of non core assets in The Netherlands, France, Hungary, Germany, Sweden and Austria;• +€1.1 Mn coming from other minor effects including currency translation;• +€35.7 Mn or +4.2% on a like-for-like basis (1) , which represents an outperformance of +200 bps above indexation.(1) Net Rental Income (NRI) like-for-like growth excluding acquisitions, divestments, transfers to and from pipeline (extensions, brownfields) and currency exchangerate differences in the periods analysedFigures may not add up due to rounding