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ASX Announcement M VICINITY CENTRES 10 November 2021 Robust leasing activity and rebound in centre visitation in NSW and VIC bodes well for recovery after challenging 1QFY22 Vicinity Centres ( ' Vicinity ' , ASX : VCX ) today announced its quarterly update for the three months ended 30 September 2021 ( ' 1QFY22 ' ) and shared initial perspectives on the operating landscape since the reopening of retail in Victoria ( VIC ) and New South Wales ( NSW ) . Key highlights • • Progress made against strategic value drivers ; core retail , mixed - use developments , capital partners and innovation Strengthened asset portfolio with acquisition of 50 % interest in Harbour Town Premium Outlets Gold Coast and divestment of a 50 % share in Runaway Bay Centre • Strategic investment in ' Click Frenzy ' owner , Global Marketplace • • • • • Commenced drone deliveries at Grand Plaza in partnership with Wing Agreement with Engie to install electric vehicle fast - charging stations at up to 30 Vicinity assets Ranked Oceania Sector Leader and # 3 globally in Listed Retail Shopping Centre category by Global Real Estate Sustainability Benchmark ( GRESB ) Positive initial signs on reopening in NSW and VIC after significant impact of lockdowns COVID - normal states¹ continue to report strong sales growth ; up 7.1 % in 1QFY22 versus 1QFY202 Underlying resilience in retail sector continues with strong leasing activity , particularly in VIC , and improving leasing spreads • Portfolio occupancy remains high at 98.1 % On Vicinity's strategy , CEO and Managing Director Mr Grant Kelley commented , " Despite the challenging trading conditions , particularly in our two key markets , we remained disciplined and focused on managing Vicinity for the long - term . " We took decisive action to enhance our asset portfolio and grow retail property income with the acquisition of a 50 % interest in Harbour Town and the sale of Vicinity's 50 % interest in Runaway Bay , both in Queensland ( QLD ) , collectively delivering Funds From Operations accretion . 1 States less impacted by COVID - 19 disruption - Queensland , Western Australia , South Australia and Tasmania . 2 Sales reported on a comparable basis which excludes divestments and development - impacted centres in accordance with Shopping Centre Council of Australia ( SCCA ) guidelines . Excludes travel agencies . Vicinity Centres Chadstone National Office Chadstone Shopping Centre 1341 Dandenong Road PO Box 104 Chadstone VIC 3148 T +61 3 9936 1222 F +61 3 9936 1333 vicinity.com.au Vicinity Limited ABN 90 114 757 783 and Vicinity Centres RE Ltd ABN 88 149 781 322 As responsible entity for : Vicinity Centres Trust ARSN 104 931 928