A specialist doesn t follow the crowd, a specialist innovates. What is the advantage of working with a specialist?

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Amanda O’Neal’
6 years ago
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2 What is the advantage of working with a specialist? A specialist doesn t follow the crowd, a specialist innovates Sonae Sierra is at the cutting edge of shopping centre development, ownership and management in markets as diverse as Europe, South America, North Africa and Asia. Passionate about creating innovative shopping experiences, since 1989, Sonae Sierra has been interpreting trends and spearheading a movement that has defined the shopping centres of the future. The company s mission is to offer its customers a unique shopping experience that creates superior value for its shareholders, investors, tenants, communities and employees whilst simultaneously making a positive contribution to sustainable development. As a pioneer in the creation of themed and customized shopping centres, Sonae Sierra remains a leader in the creation of unique concepts for exceptional shopping centres that offer great experiences and turn customers into fans. We believe, more and more, that a shopping centre is a venue where people s needs, aspirations, desires and expectations come together. For us, each one of our centres is more than a building. Every one is a continuously evolving, living space.

3 specialists in creating worlds Centro Colombo, Portugal

4 Integrated business strategy A specialist doesn t think alone, a specialist builds with an integrated strategy Through our quest for excellence and our focus on specialization, we have learned it is only the creation of unique and exciting shopping and leisure venues that can deliver sustainable value. The combination of our experience, our commitment to innovation and our long-term approach to our business have created an integrated strategy that today embraces shopping centre Development, Ownership and Management and Knowledge Provision to our clients. Through this strategy we have developed a unique understanding of the business and markets we operate in, as they apply to our own shopping centres and to the projects and centres in operation that are owned by third parties. This unique set of skills has added to Sonae Sierra s value chain and fuelled our passionate determination. Sonae Sierra Shopping Centres from A to Z Development Ownership and asset management Management and Letting Knowledge Provision Shopping Centres owned by Sonae Sierra and its Partners Our Clients Shopping Centres

5 specialists in delivering the unexpected Loop5, Germany

6 Sonae Sierra services For a specialist, possible = the impossible + know-how + determination If you would like to know more about Sonae Sierra s services, please contact us at: global@sonaesierra.com Sonae Sierra s services bring together the know-how and experience of a highly specialised team used to facing ambitious challenges. As a result, we can provide high-quality shopping centre services covering all aspects of market analysis, architecture, development, leasing, marketing, property management and asset management. Over the years and in a variety of circumstances we have completed all phases of the process and developed specializations in areas that are now available to our clients. As a Knowledge Provider, Sonae Sierra is a valuable partner focused on the creation of value throughout the entire lifecycle of an asset, whether it be the creation, expansion, refurbishment or management of a shopping centre. Sonae Sierra s specialization stems from the company s diversified history of 24 years covering: Sonae Sierra is a partner of choice: 1. Risk minimization Integrated approach of all the phases in the creation of a shopping centre. 2. Profit maximization Creation of value in the entire process through specialized know-how in all areas of action. 3. Focus on the client Experience in third party service provision. 4. Shopping centre specialization Competence and experience of an international team focused on this sector. Some of our clients Algeria Eden Entreprises Prombati Croatia / Greece Bluehouse Capital Germany Commerzbank Union Investment Aachener Grundvermögen Italy Edilnaonis S.R.L. Morocco Marjane Foncière Chellah AUDA Facenor Portugal Millennium BCP Montepio Geral The Edge Group Spain Banco Santander United Kingdom Scottish Widows Doughty Hanson Different geographies Portugal, Spain, Italy, Greece, Germany, Romania, Croatia, Turkey, Morocco, Algeria, Brazil, Colombia and China. Different types new centres, refurbishments, expansions. Different locations urban shopping centres, out-of-town projects, islands. Different sizes from 10,000 m 2 to 120,000 m 2 of GLA. Turkey Ceylan & Karavil Group Endülüs Gayrimenkul

7 specialists in respecting communities Plaza Mayor, Spain

8 Corporate Responsibility A specialist doesn t foresee problems but anticipates solutions If you would like to know more about our Corporate Responsibility strategy please contact us at: global@sonaesierra.com Sustainability is at the heart of Sonae Sierra s activity and present in all areas of the company. Initially approved in 1998, our Environmental Policy expresses a pioneering commitment within our sector, with particular regard to the environmental impacts of our activities. Sonae Sierra was the first company to create environmentally friendly shopping centres, the first to achieve certification for its Environmental Management (ISO standard) and Safety & Health Management (OHSAS standard) Systems distinctions that confirm the quality, and good practices implemented in these areas. ENERGY & CLIMATE As at December 31, 2012 (kwh/m 2 mall and toilet area) For Sonae Sierra, the sustainable growth of our company implies a constant evaluation of the interaction and balance between our economic, social and environmental goals. We are currently seen as an international benchmark of excellence in the shopping centre sector, which demonstrates the fact that the integration of the environmental and social aspects of our business increases competitiveness and profitability. We believe that sustainability will increasingly become a decisive factor in our relationship with our stakeholders. Society is becoming more and more aware of environmental and social questions and is valuing responsible companies and action strategies. Legislation reflects this trend, and is progressively more demanding. Finally, through cost analysis, it can be proved that sustainable projects are more efficient because they generate lower operational costs and minimize operational risks. These are some of Sonae Sierra s main economic, environmental and social performance indicators: RECYCLED WASTE As at December 31, 2012 TENANTS OCCUPANCY As at December 31, 2012 (% by GLA, across our owned portfolio) Profit Economic % 51% 53% 55% 96% 96% 97% 96% 479 Planet Environment % % 96 % People SOCIAL Since 2002, the electricity consumption in kwh/m 2 mall and toilet area at our shopping centres Increase of total waste recycled of more than 197% between 2002 and Tenant occupancy rate consistently high. decreased by 35%.

9 specialists in establishing bridges Centro Vasco da Gama, Portugal

10 Sonae Sierra, a partner of choice A specialist combines with others to make a difference If you would like to be our partner, please contact us at: global@sonaesierra.com Sonae Sierra s business would not be what it is today without our partners. The importance and value of our alliances with local partners and international investors is enormous. These alliances enable the consistent development of our financial strength, improvements in our negotiating capacity and a continuous increase in our market knowledge. They also provide a platform for new opportunities. Throughout our history, Sonae Sierra has developed different ways of establishing these bonds, demonstrating great versatility and affinity in a variety of circumstances, regardless of the cultural contexts, the negotiation values at stake or the dimensions of the project or potential project. We offer our partners and tenants the opportunity to benefit from our extensive experience in this activity, to capitalize on stimulating retail markets and, ultimately, to enjoy high financial rewards. A wide range of investment opportunities The 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 main 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. Sonae Sierra Owners Sierra Funds Investors Some of our partners Germany Deka Union Investment Netherlands ING Real Estate APG Investments USA AIG TIAA-CREF DDR Brazil Credit Suisse HG Portugal Sonae MC CGD Spain Grupo LAR Iberdrola United Kingdom Rockspring Schroders Investment Management France CNP Assurance Foncière Euris Finland KEVA Ilmarinen Shopping Centre Assets Sierra Investments (100% Sonae Sierra) Asset Management Sierra Management (100% Sonae Sierra) Property Management

11 specialists in understanding people CascaiShopping, Portugal

12 The Sonae Sierra world A specialist turns small dreams into big realities If you would like to know more about Sonae Sierra, Founded in Portugal in 1989, Sonae Sierra is owned in equal shares by SONAE, SGPS (Portugal), and GROSVENOR (United Kingdom). please contact us at: global@sonaesierra.com Currently, Sonae Sierra owns 49 shopping centres, and is responsible for the management and/or lets of 84 shopping centres with an Open Market Value of 5.8 billion euros comprising a total gross lettable area (GLA) of more than 2.4 million m 2 with over 8,500 tenants. We are present in Portugal, Spain, Italy, Germany, Greece, Romania, Croatia, Turkey, Morocco, Algeria, Brazil, Colombia and China. Occupancy Rate: 96% OMV of Assets under Management: 5.8 billion GLA managed: over 2.3 million m 2 20 ICSC awards VALUE CREATED IN 2012 Total Rents: 435 million 31 ICSC Marketing awards 3 Mipim awards Procos 6 AECC Spanish Shopping Centre Association Awards 2 European Property Awards 1 Green Thinker Award 3 European Risk Management Awards 1 Sustainable Energy Europe Award 24 Media Awards for best developer AWARDS TO DATE Collections Rate: 98% Total Visits to managed portfolio: 426 million Contracts managed: 8.428

13 PORTUGAL spain germany italy greece romania CROATIA TURKEY Morocco ALGERIA brazil COLoMBIA CHINA Specialists in different geographies

14 Our Portfolio Centro Bordalo - To be defined 49 shopping centres in operation GaiaShopping GuimarãeShopping LeiriaShopping LoureShopping MadeiraShopping MaiaShopping NorteShopping Parque Atlântico RioSul Shopping Serra Shopping C. C. Continente de Portimão Centro Vasco da Gama Estação Viana ViaCatarina Centro Colombo CoimbraShopping ArrábidaShopping CascaiShopping Pantheon Plaza AlgarveShopping AlbufeiraShopping 8ª Avenida PORTUGAL SHOPPING CENTRES 21 GREECE 1 SHOPPING CENTRE +1 Franca Shopping - Large Expantion & Refurbishment 4Q BRAZIL SHOPPING CENTRES 10 Boavista Shopping Boulevard Londrina Shopping Franca Shopping Manauara Shopping SPAIN SHOPPING CENTRES 8 Parque D. Pedro Shopping Passeio das Águas Shopping Shopping Campo Limpo Shopping Metrópole Shopping Plaza sul Uberlândia Shopping Dos Mares GranCasa La Farga Luz del Tajo Max Center Plaza Mayor Valle Real Zubiarte 35 shopping centres managed and/or leased, owned by third parties 4 projects under development, including 3 for third parties, and 5 new projects in pipeline Present in 13 markets Adora Malḻ To be defined ParkLake Plaza - To be defined Ploiesti Shopping - To be defined River Plaza Mall +3 ROMANIA 1 SHOPPING CENTRE Alexa Hofgarten Solingen Loop5 GERMANY 3 SHOPPING CENTRES +1 ITALY 5 SHOPPING CENTRES Airone Freccia Rossa Gli Orsi Le Terrazze Valecenter CHINA CROATIA THIRD PARTY SERVICES TURKEY COLOMBIA ALGERIA MOROCCO Neue Mitte Garbsen - To be defined Data of November 2013

15 SPECIALISTS IN THE CREATION OF UNIQUE SHOPPING EXPERIENCES

16 PORTUGAL Lisbon Rua Galileu Galilei, 2-3º Piso Lisboa T F PORTUGAL Oporto Lugar do Espido, Via Norte Maia T F ALGERIA Kouba Lotissement Mohamed Saidoun n 161 Hai El Badr - Kouba - Alger Algérie T BRAZIL São Paulo Av. Dr. Cardoso de Melo, , 13, 14 floors Vila Olímpia, São Paulo - SP CEP: T F CHINA Shanghai Unit , Platinum No 233, Taicang Road Luwan District, Shanghai T F COLOMBIA Cali Carrera 98 Nro Oficina de Administración - Cali Valle - Colombia T F (ext. 107) CROATIA Zagreb Gundulićeva Zagreb - Croatia T F GERMANY Düsseldorf Peter-Müller-Str Düsseldorf T F GREECE Athens Chatziyianni Mexi, 5-1º Athens T F ITALY Milan Corso Garibaldi Milan T F /1 LUXEMBOURG Luxembourg Av. John. F. Kennedy, 46 A 1855 Luxembourg T F MOROCCO Casablanca Boulevard Zerktouni, 219 3ème étage, bureau Casablanca T +212 (0) F +212 (0) NETHERLANDS Hoofddorp Polarisavenue, JH Hoofddorp T F ROMANIA Bucharest Baneasa Business & Technology Park Building A, First Floor, Wing A1, Bucuresti Ploiesti, Sector Bucuresti Romania T F SPAIN Madrid Calle Goya, nº 22, 3ª planta Madrid T F TURKEY Istanbul/Levent Altzeren Sok. No: 31 Istanbul T F

SONAE SIERRA 9M08 RESULTS

SONAE SIERRA 9M08 RESULTS ANNOUNCEMENT SONAE - SGPS, S. A. Head Office: Lugar do Espido, Via Norte, Maia Share Capital: 2,000,000,000.00 Maia Commercial Registry and Fiscal Number 500273170 Sociedade Aberta SONAE SIERRA RESULTS