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MERCIALYS Activity at end - September 2021 Operational and commercial trends gradually normalizing Improvement in collection rate trends Reduction in vacancy rate moving forward PRESS RELEASE Paris , October 18 , 2021 Vincent Ravat , Mercialys ' Chief Executive Officer : " Following 18 months of activity subject to major disruptions , the shopping centers are starting to see a normalization of their environment , against the backdrop of an improvement in the health and economic situation . The performances of Mercialys ' sites are starting to gradually return to the historical levels seen previously , with the operational and financial indicators at end - September 2021 showing an improvement in their trends compared with the end of June 2021. These trends are being driven in particular by a resumption of retailers ' real estate developments . Nevertheless , the rollout of the various support measures that the French government has committed to put in place to enable retailers to honor their rent payments for the periods when they were ordered to close in 2021 is still vital in order to fully normalize the relationship between landlords and tenants " . I. Rental revenues still affected by the impacts of the health crisis and scope effects At end - September 2021 , Mercialys ' invoiced rents totaled Euro 126.9 million , down -7.0 % on a current basis compared with end - September 2020 ( -8.1 % year - on - year at end - June 2021 ) and -2.9 % like - for - like ( -4.0 % year - on - year at end - June 2021 ) . ( In thousands of euros ) Year to end- September 2020 Invoiced rents Lease rights Rental revenues 136,382 1,925 138,308 These changes reflect the following elements : Year to end- September 2021 Change Current basis Change Like - for - like basis ( % ) ( % ) 126,878 1,673 -7.0 % -2.9 % -13.1 % 128,551 -7.1 % Year to end - September 2021 Year to end - June 2021 ( for reference ) +0.2 pp + € 0.3m +0.3 pp + € 0.2m Indexation Contribution by Casual Leasing -0.3 pp - € 0.5m -0.4 pp - € 0.4m Contribution by variable rents -0.7 pp - € 0.9m -0.8 pp - € 0.8m Actions carried out on the portfolio -1.8 pp - € 2.5m -2.3 pp - € 2.1m Accounting impact of " Covid - 19 rent relief " granted to -0.3 pp - € 0.4m -0.8 pp - € 0.7m retailers for the 2020 lockdowns -2.9 pp - € 3.9m -4.0 pp Like - for - like growth Asset acquisitions and sales -4.0 pp - € 5.5m -4.0 pp - € 3.7m - € 3.6m -0.1 pp - € 0.1m -0.1 pp Other effects Growth on a current basis -7.0 pp - € 9.5m -8.1 pp € 0.0m - € 7.3m 1