Financial information as at 30 September 2020

• Retailer sales and shopping centre footfall satisfactory in France,fair in Italy and down in Spain
• Well-oriented operating activity
• Covid-19 negotiations with tenants well-advanced; collectionrate satisfactory

“Amid a critical health context, Carmila’s satisfactory performances in the third quarter of 2020 once again underline the high-quality positioning of its leading local shopping centres. Carmila’s teams have provided sustained support for retailers, with individual tenant negotiations designed to facilitate business recovery in the best possible conditions.

The Group’s leasing and sales activity has been encouraging, and with a level of debt among the lowest in the industry, Carmila’s financial position is healthy and solid. We must however remain vigilant given the recent developments in the overall health situation in the three countries in which we operate,” commented Alexandre de Palmas, Chairman and Chief Executive Officer of Carmila.