Annual results for the period 01.01.2016 — 31.12.2016

2016:

• EPRA Earnings of 5.30 euros per share, an underlying increase of 9%.
• Dividend of 4.25 euros gross per share, an increase of 6%.
• Approx. 35% of 350 million euros in planned investments in the growth plan identified, resulting in a strong project development pipeline of 300,000 m².

2017 – 18:

• Ambition to achieve an EPRA Earnings per share of at least 5.35 euros for 2017 and 5.85 euros in 2018, a cumulative increase of 10% according to the 2016 – 20 growth plan.
• Expected annual dividend increase of 5% for 2017 – 18, to 4.45 euros and 4.70 euros, respectively.