STEEN OG STRØM ÅRSAPPORT "==&
Owned shopping centres - Denmark

Denmark

Centre GRI NPI NLA
       
Bruun's Galleri (28) 102,6 107,8 34,0
Field's (29) 187,3 199,5 79,0
Bryggen (30) (a) 41,8 44,8 23,0
       
Note: GRI and NPI for normalised years in DKKm, budget 2010E (excl. extraordinary maintenance) used as a proxy for normalised figures; area in 000m2 as of 31.12.2007; NPI excluding asset management fees paid internally; GRI = Gross rental income; NPI = Net property income; NLA = Net lettable area (incl. stores, storage and offices); all figures are for 100% ownership, for ownership ratios please see table 4-1; NPI is higher than GRI in Denmark because NPI includes additional other income from depreciation of technical equipment and grossing up of depreciation of parking which is charged to tenants
(a) Will open in April 2008
Source: Company information/estimates
Steen & Strøm ASA, Støperigt. 1, P.b. 1593 Vika, 0118 Oslo • T: +47 23 21 35 00 • F: +47 23 21 35 80 • post@steenstrom.comwww.steenstrom.com