Wereldhave N.V. · EURONEXT:WHA

Wereldhave — Q1 2015 Earnings Presentation

6 slides from Wereldhave's earnings presentation, Apr 24, 2015

1. Slide 1: Update Q1 2015

   Update Q1 2015 Schiphol 24 April 2015

2. Slide 2: Summary

   Summary  GRI Q1 2015 increased to € 48.6m (+57% yoy) mainly due to acquisitions and development completions in 2014  Retail climate still challenging; occupancy in the shopping centre portfolio unchanged at 93.9 %, overall occupancy stable at 92.5%  Integration French portfolio and building up ma

3. Slide 3: Committed development pipeline

   Committed development pipeline Total Capex Capex Fully let % prelet Completion Investment so far spent NIY 2015 Dutch redevelopment program (NL) 79 29 3 5.9% 2016 Dutch refurbishment capex 30 13 9 - 2016 Tournai (Bel) phase I, Retail Park 15 7 1 6.5-7.0% 43% Q1 2016 Total 124 48 13  2nd phase of To

4. Slide 4: Les Bastions, Tournai, phase I

   Les Bastions, Tournai, phase I 10,000sqm Retail Park + 360 pp+16 appts. Investment € 15m Completion Q1 2016 Increasing attractiveness, boosting footfall and dominance of shopping centre Les Bastions 4

5. Slide 5: Debt profile

   Debt profile Key parameters Q1-15 Q4-14 Covenants  Average costs of debt remained stable at 2.2% Interest bearing debt * € 1,378m € 1,261m Average cost of debt 2.2% 2.2%  Average maturity decreased in line with the absence Borrowing capacity € 388m € 453m Cash position € 112m € 119m of new substan

6. Slide 6: Contact details

   Contact details Press: Analysts:  Richard Beentjes  Jaap-Jan Fit  Richard.beentjes@wereldhave.com  Jaap.fit@wereldhave.com  T +31 20 702 78 33  T +31 20 702 78 43  Investor.relations@wereldhave.com  www.wereldhave.com 6

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