A A 8 FENCHURCH PLACE LONDON EC3. The Amundi Collection

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1 A A FENCHURCH PLACE LONDON EC3 The Amundi Collection

2 INVESTMENT SUMMARY Fenchurch Place is located in a prime EC3 City of London location, in the heart of the world s largest insurance district. Comprehensively refurbished in ,647 sq ft of highly specified office and ancillary accommodation arranged over lower ground, ground, mezzanines and five upper floors. Fully let on effective full repairing and insuring terms to a diverse mix of five tenants from the insurance, professional services and charitable sectors. Secure income with a WAULT of just under 9 years to lease expiries and 7 years to tenant break options. Current passing rent of 4,399,900 per annum, equating to an attractive low rent of only per sq ft overall, compared to prime City rents which are currently in excess of per sq ft. Reversionary income profile with five upcoming rent reviews occurring in 2019 and Held on a long leasehold interest from Network Rail Infrastructure Limited (originally British Railways Board) for a remaining term of circa 169 years at a peppercorn rent. Potential asset management opportunities in the short to medium term to add value and enhance the running yield. Offers are invited in excess of 7,600,000, subject to contract and exclusive of VAT, for our client s Long Leasehold interest in Fenchurch Place. This represents an attractive net initial yield of 5.50% and a capital value of 797 per sq ft, assuming acquisition costs of 1.0% through the purchase of the Luxembourg SARL.

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4 LOCATION Fenchurch Place London LOCATION Fenchurch Place is situated in London s premier business district in the heart of the City of London and in a core EC3 location being only a 3 minute walk from Lloyd s, the world s leading insurance market. Although in the heart of the insurance district, Fenchurch Place is also in a prominent location for occupiers from a variety of sectors, with several major transport hubs being situated in the vicinity. The immediate location has also been enhanced through the provision of a growing and diverse range of retail, leisure and hotel amenities. This includes the historic Leadenhall Market with a unique boutique retail offering, iconic London landmarks such as the Tower of London and Tower Bridge and a range of high end hotels such as the Four Seasons Hotel, Grange City Hotel and the Hilton Hotel Tower of London. The building itself is located directly above Fenchurch Street station and fronts a landscaped square which hosts a bustling street food market. 70 Mark Lane, occupied by Zurich Insurance and Miller Insurance, and AIG s owner occupied headquarters at 5 Fenchurch Street, also border the square.

5 6 7 Fenchurch Place has unrivalled connectivity being situated above Fenchurch Street station and within a short walk of multiple underground and national rail stations. The connectivity of Fenchurch Place will be further enhanced when Crossrail (The Elizabeth Line) becomes operational in late 201. This east-west rail link will span across Central London, significantly reducing journey times from Reading and Heathrow in the west to Abbey Wood and Shenfield in the east. The Crossrail station at Liverpool Street will provide the City with direct access to Heathrow within 35 minutes, the West End within seven minutes and Canary Wharf within six minutes. CGI of proposed Liverpool Street Crossrail station CONNECTIVITY STATION WALKING DISTANCE CONNECTIVITY FENCHURCH STREET 1 min National Rail Services TOWER HILL 3 mins District Line Circle Line MONUMENT 5 mins District Line TOWER GATEWAY 5 mins DLR Circle Line ALDGATE 6 mins District Line Circle Line BANK mins Central Line DLR Northern Line Waterloo & City Line LIVERPOOL STREET 9 mins Central Line Hammersmith & City Line Circle Line Metropolitan Line National Rail Services Elizabeth Line CANNON STREET 10 mins District Line London Overground / TfL Rail Circle Line National Rail Services LONDON BRIDGE 15 mins Northern Line Jubilee Line National Rail Services Moorgate Gresham Street Lothbury Poultry Queen Victoria Street Walbrook Cannon Street Cannon Street Upper Thames Street Bank King William Street Throgmorton Street Threadneedle Street Cornhill London Bridge Lombard Street Monument Gracechurch Street Eastcheap Lower Thames Street Old Broad Street Fenchurch Street LLOYD S BUILDING Liverpool Street Leadenhall Street Lime Street Great Tower Street 3 minutes Mark Lane Bevis Marks Byward Street Houndsditch FENCHURCH PLACE LONDON EC3 Fenchurch Street Crutched Friars Aldgate High Street Tower Hill Minories Tower Hill Aldgate Tower Gateway READING MAIDENHEAD HEATHROW 33 MINS SOUTHALL HANWELL WEST EALING EALING BROADWAY ACTON MAIN LINE PADDINGTON 10 MINS 7 MINS BOND STREET TOTTENHAM COURT ROAD 4 MINS 2 MINS FARRINGDON LIVERPOOL STREET WHITECHAPEL MINS STRATFORD CANARY WHARF CUSTOM HOUSE 10 MINS WOOLWICH LONDON CITY AIRPORT SHENFIELD ABBEY WOOD

6 9 LOCAL OCCUPIERS In the surrounding area there are an abundance of renowned global insurance, professional and financial companies who are attracted to the area through the quality of the office accommodation, extensive local amenities and unrivalled transport connections. INSURANCE 1 Lloyd s Register 2 Lancashire Holdings, Tokio Marine Kiln, Markel International, Ascot Underwriting, Allied World Assurance, RSA Insurance Group, Liberty Specialty Markets 3 Cunningham Lindsey 4 AIG 5 M&G 6 Gen Re 7 Marsh Inc Chaucer Insurance, Munich Re, QBE Insurance, Aspen Re 9 Axis Insurance, Beazley Group 10 Howden Group 11 Allianz SE 12 AEGIS, Barbican Insurance Group 13 RFIB and XL Catlin 14 XL Catlin and Vitality Health 15 RKH Specialty 23 Lockton, JLT Group 24 Tysers 25 Towergate Insurance 26 Hiscox 27 W.R. Berkley 2 AXA 29 Groupama Insurance Ltd, Chubb, BMS Group 30 Besso Insurance Group Ltd 31 Zurich Insurance, Miller Insurance 32 Hyperion, Enstar, Travelers FINANCIAL 1 Sucden Financial 2 Standard Life, ION Trading 3 Westpac Banking Corporation 4 CMC Markets 5 Tradition, FSCS PROFESSIONAL 1 DAC Beachcroft 2 Accenture 3 Kennedys 4 McDermott Will & Emery 5 Clyde & Co 6 Holman Fenwick Willan 7 Hunton & Williams LLP, Kirkland & Ellis LLP Latham & Watkins LLP 9 White & Case LLP 10 Charles Taylor Moorgate Gresham Street Lothbury Poultry Queen Victoria Street Walbrook Cannon Street Cannon Street Upper Thames Street Bank King William Street Throgmorton Street Threadneedle Street Cornhill London Bridge 22 Lombard Street 12 Monument Gracechurch Street 14 Eastcheap Lower Thames Street 9 Old Broad Street Fenchurch Street LLOYD S BUILDING Liverpool Street Leadenhall Street Lime Street Great Tower Street minutes Mark Lane 20 Bevis Marks Byward Street 7 31 Houndsditch Fenchurch Street Crutched Friars 4 FENCHURCH PLACE LONDON EC Aldgate High Street 29 Tower Hill Minories Tower Hill 5 Aldgate Tower Gateway 7 16 Willis Towers Watson 17 Aon, Amlin, Brit Insurance 1 Aviva 6 LCH.Clearnet, Thomson Reuters 7 Société Générale ICBC London Bridge 19 Mitsui Sumitomo Insurance 9 Deutsche Bank 20 Asta 10 Tower Research 21 Swiss Re 22 Arthur J Gallagher & Co

7 10 11 LOCAL DEVELOPMENT ACTIVITY COMPLETED DEVELOPMENTS 1 20 FENCHURCH STREET Developer: Landsec / Canary Wharf Group Size: 713,000 sq ft Completion Date: 2014 Major Tenants: Tokio Marine, RSA and Markel In the immediate vicinity of Fenchurch Place, there has been a substantial amount of development activity, which further underlines the significance of the location within EC3. The completion of these developments will further enhance this area as one of the premier business districts within London FENCHURCH PLACE LONDON EC THE LEADENHALL BUILDING Developer: British Land / Oxford Properties Size: 607,224 sq ft Completion Date: 2014 Major Tenants: Aon, Amlin and Brit. 3 THE LLOYD S BUILDING Developer: Lloyd s Size: 350,000 sq ft Completion Date: 196 Major Tenants: Lloyd s ST MARY AXE Developer: Swiss Re Size: 520,000 sq ft Completion Date: 2004 Major Tenants: Swiss Re and Kirkland & Ellis. 5 TEN TRINITY SQUARE Developer: Reignwood Size: 461,372 sq ft Completion Date: 2017 Major Tenants: Four Seasons hotel, spa and restaurants as well as 41 private residences. 6 CREECHURCH PLACE Developer: Helical Bar / HOOPP Size: 271,569 sq ft Completion Date: 2016 Major Tenants: Hyperion, Enstar, Travelers and Dell. 7 PLANTATION PLACE Developer: British Land Size: 525,000 sq ft Completion Date: 2004 Major Tenants: Accenture, QBE and Aspen. THE WILLIS BUILDING Developer: British Land Size: 490,000 sq ft Completion Date: 2007 Major Tenants: Willis Towers Watson. 9 THE MINSTER BUILDING Developer: Ivanhoe Cambridge / Greycoat Size: 27,49 sq ft Completion Date: 2017 Major Tenants: Charles Taylor, Spaces, Make It Cheaper and Tower Research. UNDER CONSTRUCTION 12 THE SCALPEL Developer: WRBC Development (W.R.Berkley) Size: 36,300 sq ft Current Position: Under construction, estimated completion in Q2 201 Letting Position: W.R. Berkley will occupy part of the building on completion BISHOPSGATE Developer: Brookfield Size: 94,000 sq ft Completion Date: Due for completion in Q Letting Position: 90% pre-let to tenants Royal Bank of Canada, Freshfields and Jefferies BISHOPSGATE Developer: AXA led consortium Size: 1,367,17 sq ft Completion Date: Under construction with estimated completion in Q Letting Position: Available ST MARY AXE Developer: TH Real Estate Size: 340,600 sq ft Completion Date: Under construction with estimated completion in Q4 201 Letting Position: 30% pre-let to Sidley Austin. 16 WALSINGHAM HOUSE, 35 SEETHING LANE Developer: London Oriental Size: 0,000 sq ft Completion Date: Q3 201 Letting Position: Available. 17 ONE LEADENHALL Developer: Brookfield Size: 403,000 sq ft Completion Date: Letting Position: Available. 1 6 BISHOPSGATE, 150 LEADENHALL STREET Developer: Stanhope / Mitsubishi Size: 560,000 sq ft Completion Date: Letting Position: Available. POTENTIAL LEADENHALL STREET Developer: TH Real Estate Size: 905,000 sq ft Current Position: Planning permission granted UNDERSHAFT Developer: Aroland Holdings Size: 957,500 sq ft Current Position: Planning permission granted EASTCHEAP Developer: WeWork Size: 91,000 sq ft Current Position: Wework have purchased the site for their own occupation FENCHURCH STREET Developer: Aviva and PSP Size: 320,000 sq ft Current Position: Planning permission granted ONE FENCHURCH COURT Developer: Generali Real Estate / Core / Greycoat Size: 39,000 sq ft Completion Date: Q1 201 Major Tenants: M&G MARK LANE Developer: Mitsui Fudosan / Stanhope Size: 11,223 sq ft Completion Date: 2014 Major Tenants: Zurich Insurance, Miller Insurance FENCHURCH STREET Developer: Partners Group and Exemplar Size: 247,000 sq ft Completion Date: Letting Position: Available.

8 PROPERTY Fenchurch Place London DESCRIPTION Fenchurch Place was comprehensively refurbished in 2012 providing a high quality office building in the heart of the City of London. The building provides 9,647 sq ft of Grade A office and ancillary accommodation arranged over lower ground, ground, three floors of mezzanine and five upper floors with flexible floorplates ranging between 11,556 sq ft and 23,707 sq ft and excellent levels of natural light. The principal office entrance is from Fenchurch Place which leads into an impressive triple height reception and the main core of the building with three passenger lifts serving all floors. A second reception is accessible from Crutched Friars on the southern elevation, which provides access to a further two passenger lifts which also serve all floors. The ground floor reception areas comprise 1,66 sq ft in total. The building was originally constructed in 196 and is of steel frame construction on an acoustic raft. The refurbishment works in 2012 were undertaken by PMB Holdings and Ares Management and designed by ORMS Designers & Architects. The 2012 refurbishment included extensive works to the air conditioning system, a comprehensively remodelled reception area including a prominent white limestone facade around the Fenchurch Place entrance, and the renewal of all internal office finishes including new metal tile suspended ceilings, fully accessible raised floors and new lighting fittings throughout.

9 SPECIFICATION Fenchurch Place benefits from a Grade A specification which includes the following: Two impressive ground floor office reception areas, comprising 1,66 sq ft in total Ceiling mounted 4 pipe fan coil air conditioning system Ceilings are finished with white accessible perforated ceiling tiles comprising 1,200mm x 300mm planks with fully integrated lighting and an exposed grid system Fully accessible medium duty 600m x 600m tile raised floor system 3 x 13-person passenger lifts which serve the Fenchurch Place reception 2 x 13-person passenger lifts which serve the Crutched Friars reception Typical slab to slab ceiling heights of 3.70 metres with 3.5 metres on the first floor Typical floor to ceiling height of 2.70 metres 13 showers, of which 7 have recently been completed and include integrated changing cubicles 42 bicycle spaces car parking spaces

10 16 17 ACCOMMODATION The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and provides the following net internal floors areas: FLOOR USE NIA NIA (SQ FT) (SQ M) Level 5 Office 11,556 1,073.6 Level 4 Office 15,043 1,397.5 Level 3 Office 1,71 1,739.0 Level 2 Office 21,65 2,031.3 Level 1 Office 23,707 2,202.4 Mezzanine 3 Office 1, Mezzanine 2 Office 1, Mezzanine 1 Office 1, SUB TOTAL 94,147,743.0 Fenchurch Place Reception 1, Crutched Friars Reception Building Management Offices 1, Tenant Storage 1, SUB TOTAL ANCILLARY 4, TOTAL 9,647 9,161.0 The property has also been measured in accordance with IPMS. A copy of the report is held on the data room.

11 1 19 FLOOR PLANS FIRST FLOOR 23,707 sq ft THIRD FLOOR 1,71 sq ft FENCHURCH PLACE FENCHURCH PLACE SECOND FLOOR 21,65 sq ft CRUTCHED FRIARS FOURTH FLOOR 15,043 sq ft CRUTCHED FRIARS FENCHURCH PLACE FENCHURCH PLACE KEY OFFICES CORE CRUTCHED FRIARS KEY OFFICES CORE CRUTCHED FRIARS Floor plans are not to scale and are for indicative purposes only. Additional floor plans available upon request. Floor plans are not to scale and are for indicative purposes only. Additional floor plans available upon request.

12 20 21 FLOOR PLANS FIFTH FLOOR 11,556 sq ft GROUND FLOOR FENCHURCH PLACE FENCHURCH PLACE FENCHURCH PLACE RECEPTION STATION ENTRANCE STATION CONCOURSE LOWER GROUND FLOOR CRUTCHED FRIARS MEZZANINE 1 FENCHURCH PLACE FRENCH ORDINARY COURT PARKING GAS METER ROOM ELECTRICAL INTAKE SWITCH ROOM GEN. FUEL STORE MECHANICAL SERVICES/ BOILER ROOM CHILLER ROOM SHOWERS COLD WATER STORAGE/ SPRINKLER TANK ROOM KEY MEZZANINE 2 OFFICES CRUTCHED FRIARS CORE RECEPTION STORAGE STATION CONCOURSE CRUTCHED FRIARS RECEPTION BUILDING MANAGEMENT OFFICES BICYCLE SPACES Floor plans are not to scale and are for indicative purposes only. Additional floor plans available upon request. Floor plans are not to scale and are for indicative purposes only. Additional floor plans available upon request.

13 TENURE / TENANCY Fenchurch Place London TENURE Fenchurch Place is held on a long leasehold interest from Network Rail Infrastructure Limited (originally British Railways Board) for a term of 200 years from 24 June 197 expiring on 23 June 217, providing an unexpired term of approximately 169 years. The headlease is subject to an annual rent of a peppercorn. A summary of the headlease can be found in this brochure and in the data room. 0 Ward Bdy PH 67 S t Katherines R ow 6 to m 2 L L OY D'S AVE NUE 1 10 Marlow House CARLISLE AVENUE NOR THUMBE R LAND ALLE Y to 63 London Tavern (site of) 3 S t Katherine's R ow Lloyd's Registry 14.2m 3 Sutherland House F E NCHUR CH P LACE 6 LLOYD'S AVENUE 5 6 to 22 LONDON S TR E E T PH LBs PH 7 New London House NE W LONDON S TR E E T m CR UTCHE D FR IAR S m Savage Gardens Hotel HAR T STRE E T 4 to 7 St Olave's Church Walsingham House The House of Crutched Friars (site of) m 59 to 60 PEPYS STREET The Navy Office (site of) 0m 10m 20m 30m 59 Hotel SAVAGE GARDE Not to scale. For identification purposes only. This plan is based upon the Ordnance Survey Map with the sanction of the controller of H.M. Stationery Office. Crown Copyright.

14 24 25 TENANCY SECURE AND DIVERSE INCOME PROFILE 0.6% Fenchurch Place is multi-let on effective full repairing and insuring leases to five tenants from the insurance, professional and charitable sectors. The total passing rent is 4,399,900 per annum which equates to an overall rent of per sq ft, an attractive level compared to prime City headline rents which are currently in excess of per sq ft. The property provides secure income secured against a diverse tenant mix with a weighted average unexpired lease term (WAULT) of approximately.7 years to expiries and 7 years to tenant breaks. A small storage unit at lower ground level and 6 car parking spaces are currently vacant. The vendor will provide a rental guarantee in respect of these elements. KEY Gemserve Ltd Resolute Management Ltd Pembroke Managing Agency Ltd Alzheimer s Society etc.venues Ltd Vacant 23.% 12.9% 17.5% 24.9% 20.3% TENANCY SCHEDULE TENANT FLOOR USE AREA (SQ FT) LEASE START BREAK LEASE EXPIRY REVIEW PER ANNUM PER SQ FT COMMENTS Gemserve Ltd Resolute Management Ltd Pembroke Managing Agency Ltd Alzheimer s Society 5 Office 11, , Outside of the 1954 Act 24/05/ /05/ /05/2019 Mezzanine 3 Office 1,06 26, Lease provides for a total rent of 569,31.50 per annum. 5 4 Office 15,043 01/12/ /12/ /11/ /12/2020 Car Parking Space Car Parking 3,000 RENT 767, Outside of the 1954 Act Lease provides for a total rent of 770,193 per annum. 5 6 months additional rent free if break is not exercised. The tenant is required to give a minimum of 6 months notice to exercise the break. Lease Guaranteed by NGR Victory Reinsurance Limited. 3 Office 1,71 9, Outside of the 1954 Act 30/09/ /09/2015 2/09/2027 Lease provides for a total rent of 92,605 per annum. 5 Car Parking Space Car Parking 30/09/2025 3,500 Lease Guaranteed by Ironshore Inc. 2 Office 21,65 1,03, /12/ /11/ /12/2020 Lower Ground Storage 93 6, Mezzanine 1 Office 1,060 01/12/ /11/ /12/ , Lease provides for a total rent of 1,044,5 per annum. 5 etc.venues Ltd 1 Office 23,707 1,007, /0/2020 3, 4 Lease provides for a total rent of 1,04, per annum. 5 12/0/ /0/ /0/ months additional rent free if break is not exercised. Mezzanine 2 1 Office 1,130 12/0/ , The Tenant is required to give a minimum of 6 months notice to exercise the break. Fenchurch Place Reception 2 1,03 Crutched Friars Reception 73 Building management offices 1,502 Vacant Lower Ground Floor Storage 239 3, month rental top up. Vacant 6 Car Spaces Car Park - 21,000 1 month rental top up at 3,500 per space per annum. TOTAL 9,647 4,399, etc.venues Ltd has sublet Mezzanine 2 to Resolute Management until 30 November 201 at a rent of 47,700 per annum. 2 Executive Channel Europe Limited enjoys advertising rights on digital screens at the Building, for which a licence fee is reserved. 3 Cap and collar at first rent review for the 1st floor of per sq ft and per sq ft. 4 Cap and collar at first rent review for Mezzanine 2 of per sq ft and 3.00 per sq ft. 5 Split rents for separate office, ancillary and car parking areas have been estimated where only a total rent is provided in the lease.

15 26 27 TENANT COVENANTS ASSET MANAGEMENT INITIATIVES All tenants are rated by Dun & Bradstreet as having a minimum risk of business failure. Fenchurch Place provides secure income with a number of potential asset management initiatives including the following: GEMSERV LTD 12.9% OF TOTAL CONTRACTED RENTAL INCOME Gemserv is a specialist market design, governance and assurance service provider in the energy sector. The Dun & Bradstreet rating of Gemserv is 3A 1, based on a net worth of 7.4 million and a minimum risk of business failure. ALZHEIMER S SOCIETY 24.9% OF TOTAL CONTRACTED RENTAL INCOME Alzheimer s Society is a charitable organisation that supports those affected by Alzheimer s disease and funds the research of it. The Dun & Bradstreet rating of the Alzheimer s Society is 5A 1, based on a net worth of 47.1 million and a minimum risk of business failure. ETC.VENUES LTD 23.% OF TOTAL CONTRACTED RENTAL INCOME etc.venues Limited provides and operates conference, training, meeting, exhibition and event venues in London, Birmingham and Manchester. During 2017 the organisation hosted 770,000 delegates and recorded a sales turnover of 46.0 million, up % from 2016 levels. The Dun & Bradstreet rating of etc.venues Limited is 5A 1, based on a net worth of 42.5 million and a minimum risk of business failure. PEMBROKE MANAGING AGENCY LTD 20.3% OF TOTAL CONTRACTED RENTAL INCOME Pembroke Managing Agency Limited is a Lloyd s Managing Agent that underwrites specialty insurance products and operates in six distinct markets: Financial Institutions, Professional Liability, Marine, Global Property, Select Specialist Lines and Accident and Health. The Dun & Bradstreet rating of Pembroke Managing Agency is 3A 1, based on a net worth of.6 million and a minimum risk of business failure. A guarantee is in place from Ironshore Inc. Ironshore Inc. were acquired by Liberty Mutual Insurance in Liberty Mutual Insurance is ranked at 6th on the Fortune 500 list of largest corporations in the United States based on 2017 revenues. RESOLUTE MANAGEMENT LTD 17.5% OF TOTAL CONTRACTED RENTAL INCOME Resolute Management Limited is a member of the Berkshire Hathaway Group and has responsibility for the run off of the non-life liabilities of names, or Underwriters, at Lloyd s. The Dun & Bradstreet rating of Resolute Management Limited is 2A 1, based on a net worth of 5.2 million and a minimum risk of business failure. A guarantee is in place from NRG Victory Reinsurance Ltd. NRG Victory Reinsurance Ltd has a Dun & Bradstreet rating of 5A 1, based on a net worth of million and a minimum risk of business failure. IMPROVING RENTAL LEVELS THROUGH THE FIVE UPCOMING RENT REVIEWS IN 2019 AND There are rent reviews for every tenant between May 2019 and December 2020, therefore providing an opportunity to seek to increase the rents within the building. The passing rental levels range from per sq ft to per sq ft, compared to prime City headline rental levels which are currently in excess of per sq ft. TENANT FLOOR PASSING RENT ( PER SQ FT) RENT REVIEW DATE Gemserve Ltd /05/2019 Resolute Management Ltd /12/2020 Pembroke Managing Agency Ltd /09/2020 Alzheimer s Society /12/2020 etc.venues Ltd /0/2020 OPPORTUNITY TO RE-GEAR AND EXTEND THE LEASES AND REMOVE BREAK OPTIONS TO IMPROVE THE INCOME DURATION Subject to negotiation in due course, there may be the potential to remove the break options within the leases to Resolute Management Ltd (break 1 December 2022) and etc.venues Ltd (break 11 August 2025) and regear other leases in the building, increasing the duration of the income.

16 2 29 ADDITONAL INFORMATION PLANNING Fenchurch Place is within the jurisdiction of the City of London. The property is located within the Fenchurch Street station Conservation Area and the period frontage to Crutched Friars is Grade II listed. VA T The property is elected for VAT. SUSTAINABILITY Fenchurch Place has an Energy Performance Certificate of C (63) and has been certified as BREEAM Very Good. CAPITAL ALLOWANCES It is anticipated that capital allowances may be available to qualifying parties. Further details of these, if applicable, are available in the online data room. DATA ROOM Access to an online data room containing further information is available on request.

17 HEADLEASE SUMMARY DATE 1 May 1992 (as varied by a deed of variation dated 13 August 199) and Supplemental Lease dated December 2012 FREEHOLDER Network Rail Infrastructure Limited (originally British Railways Board) LONG LEASEHOLDER Fenchurch Place Propco SARL TERM 200 years from 24 June 197 to 23 June 217 PREMISES The building above Fenchurch Street station known as Fenchurch Place, including Part Lower Ground, Part Ground Floor (reception), Part Concourse, Part Mezzanine, the concrete raft the building is constructed over and all areas above the concourse at 1st, 2nd, 3rd, 4th, 5th and 6th (plant room) floors and roof, but excluding in part the airspace above the current building envelope. USER Offices, car parking and other ancillary uses. A license dated 12 August 2015 provides consent to etc.venues Limited with a permitted change of use of the 1st floor to the hire of meeting and conference space, ancillary storage and catering of offices. RENT A peppercorn rent is payable annually. ALIENATION Not to assign part of the premises. Not to assign the whole of the premises without the prior written consent of the Landlord, not to be unreasonably withheld or delayed. Not to underlet the whole or any part of the demised premises unless the underlease shall comply with the provisions of the terms of the underlease within the deed of variation. REPAIR The tenant shall repair and keep in good and substantial repair the premises demised to the Landlord s reasonable satisfaction. The tenant shall not repair the underside of the concrete raft or deck without the Landlord s prior approval ALTERATIONS The tenant shall not make any structural alteration or addition to the concrete raft or deck or any structural part thereof, or the foundations columns, piers, girders and supports beneath the raft. The tenant shall not make any alteration or addition which will or may create any restriction, impact adversely on the operation and safety of the station or create additional or more onerous rights over the station or railway. INSURANCE The tenant is responsible for keeping the premises insured at their sole expense in the joint names of the landlord and the tenant.

18 PROPOSAL Offers are invited in excess of 7,600,000, subject to contract and exclusive of VAT, for our client s long leasehold interest in Fenchurch Place. This represents an attractive net initial yield of 5.50% and a capital value of 797 per sq ft, assuming acquisition costs of 1.0% through the purchase of the Luxembourg SARL. BEN COOK T: +44 (0) E: ben.cook@cushwake.com Fenchurch Place is part of the Amundi Collection of eight UK properties located in London, Glasgow and Cardiff. These assets are available individually or as a portfolio. Full details can be found at CONTACTS For further information or to arrange a viewing, please contact: THOMAS MILLER T: +44 (0) E: thomas.miller@cushwake.com ARGIE TAYLOR M: +44 (0) E: argie.taylor@cushwake.com BROCHURE DESIGNED AND PRODUCED BY SAENTYS +44 (0) INFO@SAENTYS.COM SAENTYS.COM Important Notice Cushman & Wakefield gives notice to anyone who may read these particulars as follows: 1. These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property but are not intended to constitute part of an offer or contract. 2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. 3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor that any services or facilities are in good working order. 4. The photographs appearing in this brochure show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs. 5. Any areas, measurements or distances referred to herein are approximate only. 6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning, building regulations or other consents have been obtained and these matters must be verified by any intending purchaser. 7. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of statement of fact.. All photographs are for indicative purposes only. June 201

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