2012 Full-year results: Presentation - Unibail-Rodamco

•Medium to long-term financing transactions completed in 2012 amounted to €4,559 Mn and include:• The signing of €1,384 Mn medium to long-term credit facilities or bank loans with an average maturity of 4.2 years and an average margin of 95 bps.This amount includes the refinancing of a €600 Mn syndicated credit facility due in 2013, which was renegotiated and extended toDecember 2017 in December 2012;• The issue of 3 public EMTN bond issuances for a total amount of €2,000 Mn with the following features:• in March 2012: €750 Mn bond issue with a 3.000% coupon and a 7-year maturity;• in August 2012: €750 Mn bond issue with a 2.250% coupon and a 6-year maturity;• in October 2012: €500 Mn bond issue with a 1.625% coupon and 4.7-year maturity. This is the lowest coupon ever paid by Unibail-Rodamco for a publicEuro benchmark.• The issue of 2 private EMTN placements for a total amount of €425 Mn, with a 3.196% coupon and a 10-year maturity;• The issue of a €750 Mn convertible bond (ORNANE) in September 2012 with a 0.75% coupon, a duration of 5.3 years and an exercise priceof €217.28 at issuance corresponding to a 35% issue premium on the VWAP.In total €2,425 Mn was raised on the bond market in 2012 at an average margin of 99 bps over mid-swap for an average duration of 6.7 yearsvs 148 bps on average in 2011 for an average duration of 6.4 years.In 2012, the ORNANE issued in April 2009 was almost fully repaid, leading to the repayment of €575 Mn in cash and the creationof 2,013,012 shares.