MERLIN Properties Annual Report 2018 / English

ı 59 ı Annual Report 20 18 Stock exchange evolution MERLIN shares closed on 31 December 2018 at € 10.78, a decrease of 4.6% versus 31 December 2017 closing price (€ 11.30). The share has outperformed the sectorial EPRA Europe reference index (-10.6%), IBEX - 35 (-15.3%) and Euro Stoxx 600 (-13.1%). MERLIN SHARE PRICE PERFORMANCE VS REFERENCE INDICES AVERAGE DAILY TRADING VALUE (€ M) Average daily trading volume during the period has been € 28.7 million, which represent a 0.5% of the average market capitalization of 2018. From 1st January 2018 to 31st December 2018, Rebased to 100 0 2 4 6 8 10 12 80 85 90 95 100 105 110 115 120 MERLIN Properties Volume MERLIN Properties EPRA Europe (incl. UK) Stoxx 600 IBEX-35 Jan-18 Feb-18 Mar-18 apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Source: Bloomberg Adjusted for any equity dilutive transactions (4.6%) (10.6%) (13.1%) (15.3%) 26.9 2016 28.0 2017 28.7 2018