Release date: August 05, 2014 · Sonae Sierra Press Kit Release date: August 05, 2014 P 3/23 WHO WE...

Release date: August 05, 2014

CONTENTS WHO WE ARE

SUSTAINABILITY AT SONAE SIERRA

SIERRA FUNDS

INDICATORS

OUR SHOPPING CENTRES

Portugal – Ownership & Management Portugal – Under Development Spain – Ownership & Management Italy – Ownership & Management Germany – Ownership & Management Germany – Under Development Greece – Ownership & Management Romania – Ownership & Management Romania – Under Development Brazil – Ownership & Management Brazil – Under Development Morocco – Under Development

Sonae Sierra Press Kit Release date: August 05, 2014

P 3/23

WHO WE ARE SONAE SIERRA IS THE INTERNATIONAL SHOPPING CENTRE SPECIALIST, PASSIONATE ABOUT CREATING UNIQUE SHOPPING EXPERIENCES.

Our integrated approach to the shopping centre business includes the ownership, development and management activities.

This strategy allowed us to develop a recognized unique know-how which we use for our shopping centres, as well as third-parties projects and operating shopping centres.

Currently the Company operates in Portugal, Algeria, Azerbaijan, Brazil, China, Colombia, Germany, Greece, Italy, Morocco, Romania, Spain and Turkey.

Incorporated in Portugal in 1989, Sonae Sierra is owned by Sonae, SGPS (Portugal) with 50% and Grosvenor (United Kingdom) with 50%. The company has been awarded more international prizes than any other company in this sector. Our strong partnership policy allows the company to quickly gain an in-depth knowledge of a market and create new business opportunities.

SHOPPING CENTRES AND NEW PROJECTS Owner of 47 Shopping Centres with a total GLA of 1.9 million m2 and an Open Market Value of 5.9 billion

euros. Responsible for the management and/or leasing of 82 shopping centres. 6 projects under development, including 3 for third parties, and 4 new projects in pipeline.


P 4/23

SUSTAINABILITY AT SONAE SIERRA FOR SONAE SIERRA, THE SUSTAINABLE GROWTH OF THE COMPANY IMPLIES A CONSTANT EVALUATION OF THE INTERACTION AND BALANCE BETWEEN ECONOMIC, SOCIAL AND ENVIRONMENTAL GOALS. Sonae Sierra recognises that its business has an impact on society and the environment. We are responsible for the safety of millions of people on our sites, and consider that their integrity must be safeguarded at all costs. Furthermore, it is our responsibility to proactively preserve the environment for today’s and future generations. We are committed to conduct our activities so that risks towards people, assets and ecosystems are minimised, and the benefits enhanced. We strive for continuous improvement in Safety, Health and Environment (SHE) performance across all our sites. We consider that in today’s world, addressing environmental and social challenges is an opportunity to improve competitiveness and will lead to greater profitability in the long-term. We are the first company in the sector worldwide to obtain a corporate Environment Management System certification according to ISO 14001 and also the first one in the sector to obtain the corporate-wide Safety and Health Management System certification according to OHSAS 18001. We use the CSV (Creating Shared Value) concept to align our business and sustainability goals, and target opportunities for us to create shared value for our business, the environment and society in the medium - to long-term. As we sought to apply the concept of shared value, we identified a number of longer-term priorities that deliver tangible value for our business, society and the environment. Addressing such issues is intended to address the principle sustainability risks facing our operations and safeguard our continued capacity to do business.


P 5/23

PRIORITIES We have identified the following priorities that will help us address global problems while ensuring we sustain our revenues: Resource Resilience, Prosperous Retailers, Leveraging Knowledge, and Sustainable Lifestyles.

RESOURCE RESILIENCE Trying to be energy independent, using innovation and technology to rethink our processes and reusing water on our sites. PROSPEROUS RETAILERS Partnering with our tenants to make their businesses more resilient. LEVERAGING KNOWLEDGE Empowering people through skills and knowledge. SUSTAINABLE LIFESTYLES Using our reach and public influence to encourage our visitors to make the right choice. We will continue to comply with demanding standards of safety, health and environmental management across all our operations, in many markets exceeding the requirements of local legislation. We have also maintained Risk Management crosscutting all priorities which will identify and manage downside risks. But moving beyond this approach, we will focus on the mentioned long-term which will deliver tangible value for our business, society and the environment. Addressing such issues is intended to safeguard our continued capacity to do business in a rapidly changing world - Turning global Challenges into Business Value!


P 6/23

SIERRA FUNDS IN ADDITION TO THE DIRECT OWNERSHIP OF SOME OF OUR SHOPPING CENTRES, WE CO-OWN MANY OTHERS THROUGH INNOVATIVE INVESTMENT FUNDS LAUNCHED IN PARTNERSHIP WITH INTERNATIONAL INVESTORS. The principle objective of these funds is to offer our investors dividends and capital appreciation through investments in high quality shopping centres. The management of each fund follows a common commitment: Sonae Sierra owns part of the funds and manages the shopping centres for the duration of the investment, generating the possibility of maintaining the partnerships with the tenants and co-owners of each shopping centre whilst freeing capital to invest in new locations or take advantage of new business opportunities, thus increasing the value of the portfolio.

Some of our fund partners Netherlands ABP

USA TIAA-CREF

Brazil Credit Suisse HG

United Kingdom Schroders Investment Management

France CNP Assurance

CDC

Finland KEVA

Ilmaren


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INDICATORS

2013 IN A GLANCE

Consolidated Net Profit of € 3.60 million

NAV of € 1,000 million

EBITDA stable at € 113.5 million

GLA under management of about 2.3 million m2

About 8.288 tenant contracts

406 million visists in its shopping centres

PERFORMANCE INDICATORS 2008 2009 2010 2011 2012 2013

Real Estate NAV as at 31 Dec. (€ million) 1,416 1,228 1,251 1,173 1,050 1,000

GLA owned in operating centres (000’s m2) 1,963 2,059 2,017 1,924 1,929 1,896

GLA under management (000’s m2) 2,163 2,284 2,220 2,233 2,261 2,303

Number of tenant contracts under management

8,455 8,924 8,521 8,495 8,428 8,288

Consolidated EBITDA (€ million) 105.9 108.8 123.4 112.8 116.3 113.5

Consolidated Net Profit (€ million) -116.1 -111 8.7 9.7 -45.9 3.6


P 8/23

PORTUGAL

OWNERSHIP & MANAGEMENT

8ª Avenida (S. João da Madeira)

GLA (m2): 27,978 STORES: 127 PARKING PLACES: 1,701 INAUGURATION: September 2007

OWNERS: Sierra Portugal Fund

DEVELOPERS: Sonae Sierra

AlbufeiraShopping (Albufeira)

GLA (m2): 11,577 STORES: 44 PARKING PLACES: 560 INAUGURATION: August 1989


DEVELOPERS: Sonae Distribuição

AlgarveShopping (Guia, Albufeira)

GLA (m2): 45,500 STORES: 128 PARKING PLACES: 2,527 INAUGURATION: April 2001

OWNERS: Sierra Fund


ArrábidaShopping (Vila Nova de Gaia, Porto)

GLA (m2): 60,656 STORES: 192 PARKING PLACES: 3,400 INAUGURATION: October 1996

OWNERS: Sierra Fund (50%) & Sierra Portugal Fund (50%)

DEVELOPERS: Amorim / Moya


P 9/23

PORTUGAL


CascaiShopping (Cascais, Lisboa)

GLA (m2): 73,773 STORES: 203 PARKING PLACES: 3,846

INAUGURATION: May 1991 and September

2003 (Expansion)

OWNERS: Sierra Fund (100%)

DEVELOPERS: Sonae Sierra / Multiplan

CC Continente de Portimão (Portimão)

GLA (m2): 13,538 STORES: 60 PARKING PLACES: 769 INAUGURATION: August 1990


DEVELOPERS: Sonae Distribuição

Centro Colombo (Lisboa)


OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)


Centro Vasco da Gama (Lisboa)



DEVELOPERS: Sonae Sierra / ING Real Estate


P 10/23

PORTUGAL


CoimbraShopping (Coimbra)


OWNERS: Sierra Fund


Estação Viana Shopping (Viana do Castelo)

GLA (m2): 19,182 STORES: 99 PARKING PLACES: 600 INAUGURATION: November 2003

OWNERS: Sierra Fund

DEVELOPERS: Sonae Sierra / Estação Shopping

GaiaShopping (Vila Nova de Gaia, Porto)


OWNERS: Sierra Fund (50%) & Sierra Portugal Fund (50%)


GuimarãeShopping (Guimarães)

GLA (m2): 30,743 STORES: 110 PARKING PLACES: 1800

INAUGURATION: February 1995 and

October 2009 (expansion)

OWNERS: Sierra Fund



P 11/23

PORTUGAL


LeiriaShopping (Leiria)

GLA (m2): 43,919 STORES: 118 PARKING PLACES: 1,887 INAUGURATION: March 2010



LoureShopping (Loures)


OWNERS: Sierra Portugal Fund (50%) / Deka (50%)


MadeiraShopping (Funchal, Madeira)


OWNERS: Sierra Fund (50%) / Estevão Neves (50%)


MaiaShopping (Maia, Porto)

GLA (m2): 28,906 STORES: 100 PARKING PLACES: 2,220 INAUGURATION: November 1997

OWNERS: Sierra Fund



P 12/23

PORTUGAL


NorteShopping (Matosinhos, Porto)


OWNERS: Sierra Fund (50%) / TIAA-CREF (50%)


Parque Atlântico (Ponta Delgada, Azores)


OWNERS: Sierra Fund (50%) / Grupo Bensaúde (50%)

DEVELOPERS: Sonae Sierra / Grupo Bensaúde

RioSul Shopping (Seixal)


OWNERS: Sierra Portugal Fund (50%) / Pan European (50%)


SerraShopping (Covilhã)


OWNERS: Sierra Portugal Fund (50%) / Pan European (50%)



P 13/23

PORTUGAL


ViaCatarina (Porto)

GLA (m2): 11,693 STORES: 88 PARKING PLACES: 578 INAUGURATION: September 1996



PORTUGAL

UNDER DEVELOPMENT

Centro Bordalo (Caldas da Rainha)

GLA (m2): 24,000 STORES: 95 PARKING PLACES: 1,100 INAUGURATION: To be defined

OWNERS: Sonae Sierra INVESTMENT: under Revision



P 14/23

SPAIN


Dos Mares (San Javier, Murcia)


OWNERS: Sierra Fund

DEVELOPERS: Sonae Sierra / Grupo Eroski

GranCasa (Zaragoza)



DEVELOPERS: Grandes Areas Comerciales de Aragon, S.A.

La Farga (Barcelona)

GLA (m2): 17,520 STORES: 83 PARKING PLACES: 637 INAUGURATION: April 1996


DEVELOPERS: Filo

Luz del Tajo (Toledo)


OWNERS: Sierra Fund

DEVELOPERS: Sonae Sierra / Grupo Eroski


P 15/23

SPAIN


Max Center (Bilbao)

GLA (m2): 59,321 STORES: 162 PARKING PLACES: 4,250 INAUGURATION: May 1994 & July 2002


DEVELOPERS: Filo / Eroski

Plaza Mayor (Málaga)

GLA (m2): 53,367 STORES: 146 PARKING PLACES: 2,957 INAUGURATION: April 2002 / October 2008

OWNERS: Sierra Fund

DEVELOPERS: Sonae Sierra / Castle City

Valle Real (Santander)

GLA (m2): 49,595 STORES: 97 PARKING PLACES: 2,656 INAUGURATION: November 1994


DEVELOPERS: Filo / Eroski

Zubiarte (Bilbao)


OWNERS: Sierra Fund

DEVELOPERS: Sierra Fund (50%) / CBRE Global Investors (50%)


P 16/23

ITALY


Freccia Rossa (Brescia)


OWNERS: Sonae Sierra (50%) / AIG (40%) / Coimpredil (10%)

DEVELOPERS: Sonae Sierra / AIG / Coimpredil

Gli Orsi (Biella)


OWNERS: Sonae Sierra


Le Terrazze (La Spezia)


OWNERS: Sonae Sierra (10%) / Union Investment (90%)

DEVELOPERS: Sonae Sierra / ING Real Estate Development


P 17/23

GERMANY


Alexa (Berlin)


OWNERS: Sonae Sierra (9%) / Union Investment (91%)

DEVELOPERS: Sonae Sierra / Foncière Euris

Hofgarten Solingen (Solingen)

GLA (m2): 29,000 STORES: 86 PARKING PLACES: 600 INAUGURATION: October 2013

OWNERS: Sonae Sierra (50%)/ MAB Development (50%)

DEVELOPERS: Sonae Sierra/ MAB Development

Loop5 (Weiterstadt)


OWNERS: Sonae Sierra (50%) / Foncière Euris (50%)

DEVELOPERS: Sonae Sierra / Foncière Euris

GERMANY

UNDER DEVELOPMENT

Neue Mitte Garbsen (Garbsen)


OWNERS: Sonae Sierra INVESTMENT: under revision



P 18/23

GREECE


Pantheon Plaza (Larissa)


OWNERS: Sonae Sierra (50%) / Rockspring (50%)

DEVELOPERS: Sonae Sierra/ Rockspring


P 19/23

ROMANIA


River Plaza Mall (Ramnicu Valcea)


OWNERS: Sonae Sierra

DEVELOPERS: n.a.

ROMANIA

UNDER DEVELOPMENT

Adora Mall (Craiova)


OWNERS: Sonae Sierra INVESTMENT: 111 Euro Millions


ParkLake (Bucharest)

GLA (m2): 70,000 STORES: 200 PARKING PLACES: 2,600 INAUGURATION: 2016

OWNERS: Sonae Sierra (50%)/ Caelum Development (50%) INVESTMENT: 180 Euro Millions

DEVELOPERS: Sonae Sierra / Caelum Development

Ploiesti Shopping (Ploiesti)

GLA (m2): 64,000 STORES: n.a. PARKING PLACES: 3,200 INAUGURATION: To be defined

OWNERS: Sonae Sierra INVESTMENT: under revision



P 20/23

BRAZIL


Boavista Shopping (São Paulo, SP)

GLA (m2): 15,900 STORES: 146 PARKING PLACES: 1,015 INAUGURATION: April, 2004

OWNERS: Sonae Sierra Brasil

DEVELOPERS: Sonae Sierra Brasil / Enplanta Engenharia

Boulevard Londrina Shopping (Londrina, PR)

GLA (m2): 48,400 STORES: 221 PARKING PLACES: 2,400 INAUGURATION: May 2013

OWNERS: Sonae Sierra / DDR / Marco Zero / Enplanta

DEVELOPERS: Sonae Sierra / DDR / Marco Zero / Enplanta

Franca Shopping (Franca, SP)

GLA (m2): 18,600 STORES: 106 PARKING PLACES: 1,100 INAUGURATION: October, 1993

OWNERS: Sonae Sierra Brasil (76,9%) / Local partners (23,1%)

DEVELOPERS: Enplanta Engenharia / Local partners

Manauara Shopping (Manaus, AM)



DEVELOPERS: Sonae Sierra Brasil


P 21/23

BRAZIL


Parque D. Pedro Shopping (Campinas, SP)

GLA (m2): 121,300 STORES: 400 PARKING PLACES: 8,000 INAUGURATION: March, 2002


DEVELOPERS: Sonae Sierra Brasil / Enplanta Engenharia

Passeio das Águas Shopping (Goiânia, GO)

GLA (m2): 77,900 STORES: 259 PARKING PLACES: 4,000 INAUGURATION: October, 2013

OWNERS: Sonae Sierra / DDR / Enplanta

DEVELOPERS: Sonae Sierra / DDR / Enplanta

Shopping Campo Limpo (São Paulo, SP)

GLA (m2): 22,300 STORES: 149 PARKING PLACES: 1,098 INAUGURATION: November, 2006

OWNERS: Sonae Sierra Brasil (20%) / Tivoli Emp. Part. Ltda (80%)

DEVELOPERS: Sonae Sierra Brasil / Tivoli Emp. Part. Ltda.

Shopping Metrópole (São Bernardo do Campo, SP)

GLA (m2): 30,000 STORES: 191 PARKING PLACES: 1,200 INAUGURATION: May, 1980


DEVELOPERS: Enplanta Engenharia / Local partners


P 22/23

BRAZIL


Shopping Plaza Sul (São Paulo, SP)


OWNERS: Sonae Sierra Brasil (60%) / Local Partners (40%)

DEVELOPERS: Local Partners

Uberlândia Shopping (Uberlândia, MG)

GLA (m2): 45,800 STORES: 215 PARKING PLACES: 2,400 INAUGURATION: March, 2012

OWNERS: Sonae Sierra / DDR / Enplanta

DEVELOPERS: Sonae Sierra / DDR / Enplanta

BRAZIL

UNDER DEVELOPMENT

Franca Shopping - Expansion (Franca, SP)

GLA (m2): 11.700

m² STORES: 63 PARKING PLACES: 649 INAUGURATION: 1st Sem. 2015

OWNERS: Sonae Sierra Brasil (76,9%) / Local partners (23,1%) INVESTMENT: 31 Euro Millions

DEVELOPERS: Sonae Sierra Brasil


P 23/23

MOROCCO

UNDER DEVELOPMENT

Zenata Shopping Centre (Mohammedia, Casablanca)

GLA (m2): 90,000 STORES: 250 PARKING PLACES: 3,650 INAUGURATION: 2017

OWNERS: Sonae Sierra (11%) / Marjane, Al Futtaim e Société

d'Amenagement de Zenata INVESTMENT: 100 Euro Millions

DEVELOPERS: Sonae Sierra , Marjane, Al Futtaim e Société d'Amenagement de Zenata

Release date: August 05, 2014 · Sonae Sierra Press Kit Release date: August 05, 2014 P 3/23 WHO WE...

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