Pre-close update – The SA portfolio foot count increased by 7.1% compared to the same period in 2021. Foot count on Black Friday was 8% higher and tenant turnover for the period grew 16.9%. Demand remains robust and vacancies are low at 1.3%. In Eastern Europe trading density and foot count improved. Vacancy rate low at 0.5%. Black Friday foot count was up 19.6% compared to the previous year. Around 80% of debt is hedged against interest rates. The loan-to-value ratio is 38.2%.