Big Shopping Centers Ltd.

Investor Presentation • Sep 5, 2022

BIG CEE

Investors and Analysts Visit 9/22

STRUCTURE CHART

MANAGEMENT

Lev Weiss | CEO BIG CEE

Mr. Weiss has been holding leading operational positions since 2015 and had joined BIG CEE in January 2019 after 3 years of work in BIG Israel. Mr. Weiss is in charge of designing and implementing business operations while promoting the company's culture and vision.

Branimir Bojić | Deputy CEO and Technical Director BIG CEE

Mr. Bojic has been involved in large number of Project developments in Serbia, particularly in development of retail parks and shopping centers across the country.

Nir Sidel | COO BIG CEE

Mr. Sidel joined BIG CEE in December 2021 after 6 years of work in BIG Israel where he managed a number of the group's leading assets. In BIG CEE he is in charge of property development, leasing and marketing for the markets of Serbia and Montenegro.

Milena Stojovic I Marketing Director

Alon Bargiora | CFO BIG CEE

Mr. Bargiora is a licensed CPA joined BIG CEE in 2018, after 7 years experience in Real estate projects in the CEE region, being financial controller of GTC Romania and manager at KPMG Hungary. Mr. Bargiora is managing BIG CEE financial department.

Milos Grdinic | Leasing Director

Mr. Milos Grdinic has been working for BIG CEE since January 2020 as Leasing Director and he is currently responsible for the whole leasing process throughout the portfolio. Prior to his career in BIG CEE, Milos was leading and managing a variety of real estate projects in Serbia and region in other leading Real estate firms.

SERBIA MACRO ECONOMIC DATA

GNP GDP

NOI Under construction

GLA GROWTH

IN m² INCLUDING UNDER CONSTRUCTION PROJECTS

INVESTMENT PROPERTY AND INVENTORY EFFECTIVE IN € MILLION

TOTAL TURNOVER DATA

	1-6/2022 € Million	1-6/2021 € Million	Difference (in %)	1-6/2022 € Million	1-6/2019 in € Million	Difference (in %)
Total turnover (same centers)	152.9	124.5	23%	152.9	70.8	*35%
Load without management fees (same centers)	8.88%	8.67%	2.4%	8.88%	10.6%	(17.5%)
Load with management fees (same centers)	10.93%	10.78%	1.4%	10.93%	13.2%	(20.5%)

EXTENSIONS OF EXISTING SHOPPING CENTERS

GLA 16.6K m²	Projects cost €19 Million	NOI €2 Million		Average development yield 10.39%
	BIG ZRENJANIN	BIG FASHION OUTLET INĐIJA	BIG KRUŠEVAC
Estimated opening	Oct-23	Jun-24	Jun-23
Project cost	€9 Million	€8 Million	€2 Million
GLA	8K m²	7K m²	1.6K m²
Expected NOI	€0.9 Million	€0.85 Million	€0.225 Million
Expected yield	10.00%	10.63%	11.25%

NUMBER OF TENANTS

BIG FASHION BELGRADE

Status: Opened Apr 2017 Actual NOI 1-6 2022: €3.1 Million

GLA: 32.6K m²

Yearly stabilized NOI: €6.4 Million

Parking spaces: 729

Occupancy: 100%

Outstanding loan at 30/06/22: €33.4 Million

Value: €77.8 Milion

Average load 1-6 2022: 11.79%

*Covid restrictions

NOI

BIG FASHION PARK

Status: Opened 2019

Actual NOI 1-6 2022: €0.95 Million

GLA: 14.5K m²

Yearly stabilized NOI: €1.9 Million

Parking spaces: 590

Value: €21.3 Million

Occupancy: 100%

Outstanding loan at 30/06/22: €12.8 Milion

Average load 1-6 2022: 7.42%

BIG FASHION PARK

NOI in € Million

NOI *Covid restrictions

Status: Opened 2012

Actual NOI 1-6 2022: €0.85 Million

Takeover date: Q2 2019

Yearly stabilized NOI: €1.7 Million

GLA: 11.4K m²

Occupancy: 97%

Parking spaces: 1.2K

Outstanding loan at 30/06/22:

Value: €17.9 Million

€9 Million

Average load 1-6 2022: 7.39%

NOI in € Million

Status: First phase under development

Project cost: €8 Million first phase / €23 Million total

GLA: 7K m² first phase / 20K m² total

Expected NOI: €0.85 Million first phase / €2.5 Million total

Esimated opening date: Q2 2024

BIG NOVI SAD

Status: Opened 2012

Actual NOI 1-6 2022: €3.2 Million

GLA: 45.4K m²

Yearly stabilized NOI: €6.4 Million

Parking spaces: 1.8K

Value: €66.8 Million

Occupancy: 100%

Outstanding loan at 30/06/22: €26.48 Million

Average load 1-6 2022: 7.09%

NOI in € Million

NOI *Covid restrictions

BIG ZRENJANIN

Status: Opened 2015

Actual NOI 1-6 2022: €1.05 Million

Takeover date: Q1 2020

Yearly stabilized NOI: €2.1 Million

GLA: 23.8K m²

Value: €23.7 Million

Parking spaces: 700

Outstanding loan at 30/06/22: €10.9 Million

Occupancy: 100%

Average load 1-6 2022: 7.41%

2021 2022 Stabilized

Status: Under development Project cost: €9 Million

GLA: 8K m²

Expected NOI: €0.9 Million

Esimated opening date: Q4 2023

BIG RAKOVICA

Status: Opened 2017

Actual NOI 1-6 2022: €1.5 Million

Takeover date: Q3 2019

Yearly stabilized NOI: €3 Million

GLA: 23.6K m²

Value: €33.4 Million

Parking spaces: 700

Occupancy: 100%

Outstanding loan at 30/06/22: €19.5 Million

Average load 1-6 2022: 7.56%

NOI in € Million

NOI *Year of take over and Covid restrictions

BIG FASHION KRAGUJEVAC

Status: Opened 2012

Takeover date: Q4 2021

Actual NOI 1-6 2022: €2.1 Million

Yearly stabilized NOI: €4.2 Million

GLA: 22.5K m²

Parking spaces: 600

Occupancy: 90%

Value: €48 Million

Outstanding loan at 30/06/22: €36.5 Milion

Average load 1-6 2022: 9.08%

BIG PANČEVO

Status: Opened 2011

Actual NOI 1-6 2022: €1.65 Million

Takeover date: Q4 2018

Yearly stabilized NOI: €3.3 Million

GLA: 28.7K m²

Value: €39 Million

Parking spaces: 800

Outstanding loan at 30/06/22: €16.5 Million

Occupancy: 100%

Average load 1-6 2022: 7.68%

NOI in € Million

BIG KRUŠEVAC

Status: Opened 2019

Actual NOI 1-6 2022: €0.6 Million

Takeover date: Q4 2021

Yearly stabilized NOI: €1.2 Million

GLA: 8.4K m²

Value: €12.5 Million

Parking spaces: 300

Outstanding loan at 30/06/22: €9.5 Million

Occupancy: 100%

Average load 1-6 2022: 7.75%

Status: Under development Project cost: €2 Million

GLA: 1.6K m²

Expected NOI: €0.225 Million

Estimated opening date: Q2 2023

BIG FASHION PODGORICA

Status: Opened 2008

Yearly stabilize NOI: €7.6 Million

Outstanding loan at 30/06/22:

Takeover date: Q2 2022

Value: €95 Million

€55.9 Million

GLA: 23.7K m²

Parking spaces: 950

Occupancy: 100%

Status: First phase under development

Project cost: €19.1 Million first phase / €22.5 Million total

GLA: 15.7K m² first phase / 19K m² total

Expected NOI: €2 Million first phase / €2.5 Million total

Estimated opening date: Q1 2023

Status: First phase under development

Project cost: €20 Million first phase / €40 Million total

Expected NOI: €2.2 Million first

phase / €4.3 Million total

GLA: 16K m² first phase / 30K m² total

Estimated opening date: Q1 2024

Status: Under development Project cost: €9.4 Million

GLA: 8K m²

Expected NOI: €1.01 Million

Estimated opening date: Q2 2023

THE CAPITAL PLAZA

Status:Opened 2015

Expected takeover date: Oct 2022

Office	Retail
GLA: 11.1K m²	GLA: 7.3K m²
NOI*: €1.4 Million Yearly expected	NOI*: €0.8 Million Yearly expected
Value: €17.5 Million	Value: €9.6 Million
Residential	Hotel
GLA: 8.8K m²	GLA: 9.4K m²
NOI*: €0.9 Million Yearly expected	NOI*: € 1.1 Million Yearly expected
Value:€15.9 Million	Value: €12 Million

Status: Opened 2016

Expected NOI: €0.85 Million

Expected takeover date: Sep 2021

GLA: 4.5K m²

Parking spaces: 140

Occupancy: 100%

THANK YOU!