All of Mercialys’ shopping centers reopened since May 11, 2020

Regulatory news:

Mercialys (Paris:MERY):

Following the authorization to reopen stores and the lifting of the public lockdown ordered by the French Government, Mercialys’ shopping centers have been able to once again welcome members of the public since May 11, 2020 across their entire retail space (excluding leisure areas and sit-down restaurants). This reopening of the centers in full, completed under optimum health and safety conditions, is being accompanied by a satisfactory level of footfall, highlighting the sites’ strong positions within their communities.

Stores that are now accessible represent 97% of Mercialys’ total rental base

During the lockdown period, which lasted from March 15 to May 11, 2020, all of Mercialys’ shopping centers and high-street retail assets were able to remain open, reaping the full benefits of their retail mixes focused on serving day-to-day needs. Stores that were authorized to continue trading by the French Government’s order of March 15, 2020 represented almost 40% of the Company’s total rental base.

Since May 11, 2020 and the authorization for all stores in France to reopen (with the notable exception of most of the shopping centers over 40,000 sq.m, as well as centers in the Paris Region, a segment that Mercialys is not exposed to), the equivalent of 97% of the Company’s total rental base is now operational again. The 3% that are still closed to date primarily concern leisure activities and food outlets that do not offer takeout services, while the Government plans to gradually reopen these stores from June 2, 2020 in line with the latest developments concerning the regional health situation.

Encouraging operational indicators

Thanks to the sustained efforts of Mercialys’ staff during the lockdown period and the dedication shown by its local teams, the Company has been able to welcome members of the public again for the past two weeks across the entire retail space at its sites. Over this period, the contraction in footfall observed by Mercialys, compared with the same period in 2019, has been limited to -20% on average, which represents an encouraging level in relation to the scale of the current shock and the health constraints in place. For comparison, the lockdown weeks were marked by daily footfall levels that were down -70% to -80% from last year.