2021 First Quarter revenues

 Residential: good level of new orders despite supply shortages 

• New orders: 2,121 units (+4%) valued at €587 million (-8% given change in the customer mix) 
• Revenue: €537.8 million (+39%), driven by built-in momentum and smooth technical and commercial project development 

Business Property: major deliveries and new developments 

• Delivery of Bridge, Orange's new head office in Issy-les-Moulineaux 
• Delivery of Eria in La Défense (Campus Cyber) 
• Reloading the pipeline in Île-de-France and the regions 

Retail: retail trading still disrupted pending the lifting of lockdown on 19 May 

• Rental income: €47.5 million (-2.1% on a like-for-like basis) 
• Recovery rate in Q1 2021: 67.7%1 
• Strong leasing activity on the existing portfolio and projects under development 

Urban transformation: major progress on two large mixed-use projects 

• Quartier Guillaumet, Toulouse (101,000 m²): commencement of work and ÉcoQuartier labelisation 
• Bobigny-Coeur de Ville (104,000 m²): demolition of the existing shopping centre completed 

 Very robust financial indicators 

• Q1 consolidated revenue: €655.1m (+15.7%) 
• • Net debt2: €2,316m (down €310 million over 12 months) 

General Meeting of shareholders of 29 June 2021 at 3 p.m. 

• Proposed dividend up 5.6% to €9.50/shar, with an option to take part-payment in shares3 
• The major shareholders representing alltogether nearly 80% of the capital, already announced their intention to opt for the part-payment in shares.