MULTI CORPORATE PRESENTATION July 2019

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MULTI AT A GLANCE

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MULTI AT A GLANCE

UNLEASH THE FULL POTENTIAL OF SHOPPING CENTRESMulti is a leading Pan-European retail asset management & redevelopment company.

Shopping centres are our business, and we offer a complete spectrum of services to explore, manage and improve our assets.

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MULTI AT A GLANCE

*including not owned assets

MULTIKEYFACTS

of retail experience

in which we are active

retail assetsunder management

retail assetsunder management

Assets under management total value*

employees with 30+ nationalities

projects delivered

35+ years

14 countries

110+

3.0 million sq.m

€8 billion

650+

200+

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MULTI AT A GLANCE

Construction ManagementArchitecture & EngineeringMarket & Feasibility StudiesProject (Re)Development Building CommissioningMarketing & Leasing

PROPERTY REDEVELOPMENT& REFURBISHMENT

Acquisition & DisposalAsset Analysis

Portfolio StrategyBenchmarking

Market Analysis(Re)Financing

ASSETMANAGEMENT

Centre ManagementFacility Management

Technical ManagementMarketing

Compliance &Corporate Governance

PROPERTYMANAGEMENT

Financial ManagementAccounting & ReportingLegal & Risk ManagementLeasingSustainabilityCrisis Management

OUR SERVICES

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MULTI AT A GLANCE

35+ YEARSof retail real estate experienceacross Europe & Turkey

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|Status: November 2018

MULTI AT A GLANCE

(Note: Like-for-like results based on 15 assets acquired in the last 3 years from institutional investors in Poland, Italy, Portugal and Spain).

Thanks to a pro-active and hands-on approach, Multi has an impressive track record in creating asset value through multiple asset management initiatives.

Gross rental income +4.6%

Opex reductions

Net rental income

Occupancy growth

2015/2016 2016/2017

-17%

+7.7%

+387bps

+2.5%

-7.6%

+5.3%

+50bps

MULTI PERFORMANCE

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|Status: July 2019

100+ assets in 14 countriesacross Europe and Turkey

MULTI’S RETAILDESTINATIONS

PORTUGAL

SLOVAKIA

MAX Trencin,MAX Nitra,

MAX Poprad,MAX Trnava,

TrencinNitraPopradTrnava

Därmstadter Hof Centrum,Welfenhof,

Shopping Plaza,Volme Galerie,

Elisabeth-Arkaden,WilhelmGalerie,

FORUM City Mülheim,Vechte Arkaden,

City Rondell,Depot Areal,

HeidelbergBraunschweigGarbsenHagenLangenhagenLudwigsburgMülheimNordhornSchwenningenTübingen

EDEKA Cash & Carry markets (6)Grocery anchored centres (11)

UNITED KINGDOM

St. Enoch, Glasgow

LATVIA

Alfa, Riga(extension under construction)

Mols, Riga

UKRAINE

Forum Lviv, Lviv

POLAND

Forum Gdansk,3Stawy,

Galeria Leszno,Galeria Pestka,Magnolia Park,

GdanskKatowiceLesznoPoznanWroclaw

GERMANYTHE NETHERLANDS

Makado, AlblasserdamSchuytgraaf, ArnhemKloosterveste, Assen

Crabbehof, DordrechtWielwijk, Dordrecht

Stadspoort, EdeAngelslo, Emmen

Deppenbroek, Enschede´t Gulper Hart, Gulpen

Veestraat, HelmondHanzewijk, KampenHamershof, LeusdenRoercenter, RoermondOverkapel, UtrechtValkenstaete, ValkenswaardLiesveld, VlaardingenSchelderplein, VlissingenOudeland, Zwijndrecht

FORUM Rotterdam, Rotterdam (under construction)

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IRELAND

Blanchardstown Centre, Dublin

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BELGIUM

Stadsfeestzaal, Antwerp

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TURKEY

Forum Istanbul,Forum Ankara,

Gordion,Forum Aydin,

Forum Camlik,Forum Erzurum,

Forum Gaziantep,Forum Bornova,Forum Kayseri,

Forum Magnesia,Marmara Forum,

Forum Mersin,Forum Kapadokya,

Forum Trabzon,

IstanbulAnkaraAnkaraAydinDenizliErzurumGaziantepIzmirKayseriManisaIstanbulMersinNevsehirTrabzon

14ITALY

Forum Palermo, PalermoPalmanova Outlet Village, Aiello del FriuliMantova Outlet Village, Bagnalo San Vita

Le Colonne, BrindisiIl Borgogioioso, Carpi

La Scaglia, CivitavecchiaValdichiana Outlet Village, Foiano della Chiana

Valecenter, Marcon

Retail Park Mestre, MestrePuglia Outlet Village, MolfettaAirone, MonceliceForum Palermo, PalermoFranciacorta Outlet Village, Rodengo SaianoPrimavera, RomeBelvedere, Siracusa

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HUNGARY

Allee, Budapest14

Almada Forum,Alverca Retail Park, Aveiro Retail Park,

Braga Retail Center,Forum Coimbra,Forum Algarve,Forum Madeira,

Armazéns do Chiado,Santarém Retail Park,

Lima Retail Park,Forum Viseu,

AlmadaAlvercaAveiroBragaCoimbraFaroFunchalLisbonSantarémViana do CasteloViseu

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SPAIN

Espacio Léon, LéonEspai Girónes, Giróna

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MULTI AT A GLANCEMULTI AT A GLANCE

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MULTI AT A GLANCE

ANNUALLY, WE WELCOME 400 MILLION VISITORS, WHO SPEND €4 BILLION IN THE SHOPPING CENTRES WE MANAGE

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|Solal Marketing

MULTI AT A GLANCE

OUR EFFORTS ARE RECOGNISED

International awards since Multi´s foundation in 1982

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|Status: July 2019

MULTI AT A GLANCE

JOSIP KARDUNCEO

PINAR YALÇINKAYA HACAOĞLU

Managing Director

TURKEY

LUCA MAGANUCOManaging Director

MULTI ITALY

DARIO PISTONEManaging Director

MULTI MOMI

PATRICK VAN DOOYEWEERTCDO / CIO

BARBARA VOSKUILHead Corporate

Communications & Events

HARRY VROEMENHead TTDesign

JAAP VAN VELZENInvestment Manager

ANDREAS BRÖSKAMPDirector Construction

NIEK DE GRAAFInternational Technical

Director

RAOUL THOMASSENDirector Operations &

Director Marketing

LUIS PEREIRADirector Business

Development

RÜDIGER DANYCOO

SCOTT ABBEYLeasing Director

HAROLD VAN RIELDirector Asset Management

SVEN VON GLINSKIDirector ICT

FRANK TREESGroup Finance Director

ERIK VAN EYSDENDirector Tax & Structuring

STEVEN POELMANCFO

FRANK GERARDSDirector Legal, Compliance

& Human Resources

HUBERT STECHManaging Director

GERMANY & BENELUX

PAT NASHManaging Director

IRELAND & UK

ANTOINE MOCACHEN

Managing Director

CENTRAL & EAST EUROPE

FRANCISCO CAVALEIRO

Managing Director

SPAIN & PORTUGALITALY

GROUPFUNCTIONS

LUC BAASDevelopment Manager

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SHARED SUCCESS BUILT ON TRUST

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SHARED SUCCESS BUILT ON TRUST

CLOSE PARTNERSHIPS WITH OVER 6,000 RETAILERSincluding stores, restaurants & leisure facilities

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SHARED SUCCESS BUILT ON TRUST

years20

years12

years7

years5

years11

years6

years3

PROPERTIESyears2

years15

COMMITTED & TRUSTFUL PARTNERSHIPS

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SHARED SUCCESS BUILT ON TRUST

TOP TENANTS IN OUR SHOPPING CENTRES

total GLA86.762

stores119

countries9

total GLA23.672

stores37

countries

4total GLA

49.357stores25

countries13

total GLA48.699

stores12

countries4

total GLA46.144

stores4

countries2

total GLA26.084

stores16

countries3

total GLA11.576

stores13

countries8

total GLA9.163

stores8

countries2

total GLA6.291

stores2

countries1

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We protect and improve asset value through every skill set and stage of the holding period

Multicultural international team of commercial, technical and financial experts

We can confidently manage large portfolios and expand business quickly and efficiently

Strong local and international relationship with 6,000+ tenants, advisors and local authorities

Great experience in commercial redevelopment of retail assets in Europe and Turkey

Sustainability is at the core of our business. We create value by optimizing resources

WHY

Our clients value us for our strong retail asset management & redevelopment skills

MULTI

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REFERENCESShopping centres under management

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REFERENCES

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ST. ENOCHGlasgow, United Kingdom

79,500 m2 GLA

111 shops

855 parking spaces

17.5 million visitors per year

Opened in 1989,food court refurbishment in 2017

MAIN TENANTS:

Debenhams, Hamleys, Boots, H&M, the Disney store, JD Sports, Top Shop/Top Man, Superdry

SHOPPING CENTRES

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REFERENCES

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ALLEE CENTERBudapest, Hungary

46,700 m2 GLA

6,775 m2 offices

142 shops

1,200 parking spaces

Opened in 2009

18.5 million visitors per year

MAIN TENANTS:

Inditex, Van Graaf, H&M, Interspar, Cinema City, Intersport, C&A

SHOPPING CENTRES

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REFERENCES

FORUM PALERMOPalermo, Italy

48,300 m2 GLA

124 shops

2,400 parking spaces

8.5 million visitors per year

Opened in 2009

MAIN TENANTS:

H&M, Pull&Bear, Stradivarius, Bershka, Cisalfa, OVS, Conbipel, NewYorker, Scarpe & Scarpe, Pizza Italia

SHOPPING CENTRES

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REFERENCES

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FORUM GDAŃSKGdańsk, Poland

62,000 m2 GLA

220 shops

1,100 parking spaces

Opened in 2018

2 awards

MAIN TENANTS:

Helios, Piotr i Paweł, H&M, C&A, Reserved, Douglas, Deichmann, Pure Jatomi Fitness

SHOPPING CENTRES

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REFERENCES

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ALFARiga, Latvia

70,000 m2 GLA

173 shops

1,462 parking spaces

Opened in 2009

8.2 million visitors per year

Extension 2019: 30,000 m2 under construction

MAIN TENANTS:

H&M, Bershka, Zara, Pull&Bear, Mohito, Reserved, Cenuklubs.lv, JYSK

SHOPPING CENTRES

Alfa ExtensionConcept art

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REFERENCES

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MAGNOLIAPARKWroclaw, Poland

100,000 sq.m.

250 shops

3,500 parking spaces

Opened in 2007, reopened in 2015

10.7 million visitors per year

MAIN TENANTS:

Tesco, Saturn, Zara, H&M, C&A, Empik, Sephora, Reserved, Stradivarius, Decathlon

SHOPPING CENTRES

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REFERENCES

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FORUMISTANBULIstanbul, Turkey

176,245 sq.m. GLA

275 shops

5,000 parking spaces

Opened in 2009

30 million visitors per year

MAIN TENANTS:

IKEA, MediaMarkt, Koçtaş, Decathlon, Boyner, H&M, Marks&Spencer, Zara, Sea Life Istanbul, LEGOLAND Discovery Centre

SHOPPING CENTRES

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REFERENCES

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BLANCHARDSTOWN CENTREDublin, Ireland

112,000 sq.m. GLA

180 shops

6,500 parking spaces

Opened in 1996

16.5 million visitors per year

MAIN TENANTS:

Debenhams, Penneys, Marks & Spencer, Dunnes Stores, H&M, Topshop

SHOPPING CENTRES

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REFERENCES

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ALMADA FORUMAlmada, Portugal

80,000 sq.m.

230 shops

5,460 parking spaces

Opened in 2002

14 million visitors per year

MAIN TENANTS:

Jumbo, Primark, Fnac, Sportzone, Toys "R" Us, C&A, Cortefiel, Zara, H&M, New Yorker, Nos Cinemas, Clinica Lusíadas, Nespresso

SHOPPING CENTRES

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DO YOU HAVE ANY QUESTIONS?

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THANK YOU!