MERLIN Properties Annual Report 2024

| 53 MERLIN shares closed on 31 st December 2024 at € 10.16, an increase of 1.0% versus 31 st December 2023 closing price (€ 10.06) (1) Adjusted for any equity dilutive transactions MERLIN SHARE PRICE PERFORMANCE (1) VS REFERENCE INDEXES MERLIN Properties EPRA Europe (incl. UK) Stoxx 600 IBEX 35 MM Shares - 70 90 110 130 Source: Bloomberg From 31 st December 2023 to 31 st December 2024, Rebased to 100 1.0 2.0 3.0 4.0 5.0 +1.0% (6.5%) +6.0% +14.8% Jan 24 Feb 24 Mar 24 Apr 24 May 24 Jun 24 Jul 24 Aug 24 Sep 24 Oct 24 Nov 24 Dec 24 Average daily trading volume during the period has been € 24.2 million Stock exchange evolution AVERAGE DAILY TRADING VALUE (€ M) FY24 2023 2022 2021 2020 2019 2018 2017 28.0 28.7 23.1 26.2 15.8 20.3 13.6 24.2