Werelhave results FY 2020

Delivering on our strategy in unprecedented markets

• Direct result per share (DRPS) € 2.01, in line with guidance despite new lockdowns; € 0.50 dividend per share

• Outlook trough DRPS 2022 reiterated at € 1.40-1.50

• LifeCentral strategy realigned with new reality

• Shopping center occupancy rate improved to 95.0%

• € 270m refinancing deals and LTV almost stable at 46.3%*

• Upgrade of Moody's outlook to 'Stable' expected

• Success with Dutch disposals in 2021: In de Bogaard sold; last two properties in exclusivity phase

* Post-disposal shopping center In de Bogaard

Attachment

• Wereldhave pr 2020-FINAL