MERCIALYS: directors' dealings · France · AMF

About MERCIALYS

Mercialys is a French listed real estate company specializing in the ownership, management, transformation and value enhancement of retail properties. Founded in 2005 and listed on the stock market the same year, it was originally part of the Casino ecosystem and has long been associated with that strategic retail background. Today, Mercialys is one of the leading retail real estate companies in France, with a portfolio focused on dominant locations and attractive catchment areas. As of December 31, 2025, its portfolio was valued at approximately €3.0 billion including transfer taxes, with an annualized rental base of €178.6 million. The company is listed on Euronext Paris under the ticker MERY, is part of the SBF 120 index, and benefits from the French SIIC regime, the local equivalent of a REIT. Its business model is centered on the ownership and operation of shopping centers and shopping parks, with strong expertise in asset repositioning, merchandising optimization and rental value creation. Over time, Mercialys has progressively refocused its portfolio on strategic assets, generally located in dynamic regional metropolitan areas where demographic and economic trends support footfall and rental growth. The company has developed a hybrid concept, SHOP•PARK, which combines the strengths of destination shopping centers with out-of-town retail parks. This positioning aims to deliver a convenient, high-traffic and consumer-friendly retail experience aligned with changing shopping habits. Mercialys manages around forty assets and nearly 844,000 sqm of retail space in mainland France and certain French overseas territories. The group emphasizes continuous transformation, modular layouts, service integration and active commercial programming. Its cross-site brand “G La Galerie” reflects its ambition to create a unified and more visible identity across its centers, both for retailers and consumers. Key priorities include strengthening food retail and convenience-led anchors, upgrading customer journeys and protecting rental income through resilient, well-located assets. Geographically, Mercialys is overwhelmingly France-based, with a portfolio concentrated in major cities and economically robust consumer basins. In 2026, the company continued its targeted acquisition strategy, notably by acquiring an 8,200 sqm retail park near Toulouse to strengthen its Shop•Park Toulouse Fenouillet site. This transaction illustrates its approach of creating value through the consolidation of adjacent assets and the improvement of site control and commercial potential. Mercialys also stands out for its regular financial disclosure and recognized ESG commitments, particularly in climate action and portfolio decarbonization.