2020 HIGHLIGHTS Investments MPS PORTFOLIO Investment date: November 2020 Country: Italy — In November 2020, Ardian acquired from Banca Monte dei Paschi di Siena a sizeable 25-asset TEMPLE portfolio (c.88,000sqm) composed of: Investment date: July 2020 Country: France - 4 trophy assets,concentrating c.85% of the — value, located in the heart of the Central BusinessTemple, located within the historical “Marais” Districts (CBDs) of Milan, Rome and Florence, thearea (Paris’ extended CBD), was acquired in July most important and wealthiest Italian cities. These2020. The future c.7,430sqm building is currently historical assets are unique in terms of location,fully vacant and willundergo major renovation prestige, visibility and architectural features. Theyworks. Temple offers outstanding features such as will be repositioned into prime Grade A office6m ceiling height, panoramic views of the Paris buildings in line with the highest ESG standardsskyline and many outdoor spaces. The asset will be and sold to long-term core investors. repositioned into a prime Grade A office building - 21secondary properties (mainly offices, c.42%in line with the highest ESG standards. Delivery is occupancy) located across Italy that will be soldexpected by Q1 2023. in their current conditions in the next 12-24 months. 112 INVESTMENT ACTIVITIES