92% OF VISITORS SPEND ON RETAIL 124 AVERAGE RETAIL SPEND 13M ESTIMATED ANNUAL FOOTFALL

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2 THE LEADING SHOPPING & LEISURE DESTINATION SERVING THE EAST, NORTH & SOUTH EAST OF GLASGOW, WITH A CATCHMENT OF 2M PEOPLE Glasgow Fort s striking architectural horseshoe shape design mirrors a traditional high street/mall layout. It is currently a 710,000 sq ft destination (incl. mezzanines), with 86 retail and leisure units Glasgow Fort s survey performance exceeds the super-regional shopping centre average 92% OF VISITORS SPEND ON RETAIL AVERAGE OF 83%) 124 AVERAGE RETAIL SPEND AVERAGE OF 100) 13M ESTIMATED ANNUAL FOOTFALL

3 PLANNING CONSENT OBTAINED FOR AN 171,500 SQ FT RETAIL EXTENSION, 111,500 SQ FT OF WHICH IS NOW ON-SITE AND LAUNCHING MAY 2015, ANCHORED BY AN 80,000 SQ FT M&S. THE ADDITIONAL 60,000 SQ FT IS AVAILABLE AS A POTENTIAL FUTURE BUILD

4 Multi-storey car park & restaurant development CGI An 8 screen Vue cinema & 5 new restaurants opened in August % OF VISITORS SPEND ON CATERING AVERAGE OF 34%) 22 AVERAGE CATERING SPEND AVERAGE OF 13) IMPRESSIVE RETAILER SALES DENSITIES DWELL TIME 102 MINUTES AVERAGE OF 93) EXTENDED OPENING HOURS TO 10PM 50% OF WEEKDAY TRADE OCCURS BETWEEN 5PM AND 10PM 55VISITS PER YEAR AVERAGE OF 43)

5 Multi-storey car park & restaurant development CGI Office at Glasgow Fort has been a huge success story since opening in late This was our first shopping park location in the UK and given the OCCUPIED UNITS positive performance, we would consider upsizing. UNITS TO LET Kirsti Eames, PHASE 2 Commercial Director, Office CAR PARK M8 MOTORWAY GRAVITY CRUISE HAIR ZONE scotts IMPRESSIVE RETAILER SALES DENSITIES DWELL TIME 102 MINUTES AVERAGE OF 93) 55VISITS PER YEAR AVERAGE OF 43) Our restaurant at Glasgow Fort has consistently been one of our busiest restaurants in Scotland since opening, and the planned changes to the Park can only give increased benefit in the long term. Peter Atkinson, Senior Acquisitions Manager, Nando s Glasgow Fort is a good store for Costa, as the park has gone from strength to strength. Costa has a strong relationship with British Land across their centres, and the close relationship and their investment in the park is of great benefit. James Hamilton, Head of UK Acquisitions and Estates, Costa One of our most successful restaurants from both a trading and development point of view. David Carroll, Property Director, TGI Friday s 5,000 SQ FT 9,215 SQ FT 80,000 SQ FT OPENING MAY 2015 OCCUPIED UNITS UNITS TO LET PHASE 2 CAR PARK 7,285 SQ FT 6,000 SQ FT PHASE II DEVELOPMENT 1,837 SQ FT 1,916 M8 MOTORWAY FREE SURFACE PARKING SPACES UNDER OFFER UNDER OFFER 3,000 SQ FT 2,500 SQ FT 3,000 SQ FT 3,000 SQ FT MULTI STOREY CAR PARKING 600 FREE MULTI- STOREY PARKING SPACES HAIR ZONE MODA IN PELLE

6 n Unrivalled access directly off J10 of the M8 n 153m physical comparison goods spend potential n 39m catering spend potential n Attracts a 55% more affluent ACORN profile than expected (i.e. Affluent Achievers, Rising Prosperity & Comfortable Communities) n 17% of visitors are Executive Wealth vs the GB average of 11% n Overall customer experience rated 4.7 out of 5 n 2,516 free parking spaces Source: CACI Retail Footprint exit surveys A80 M73 M80 Braehead Glasgow J10 M8 Edinburgh A8 Silverburn East Kilbride Ownership The Hercules Unit Trust Asset Managed By: Leasing Agents: Matthew Reed matthew.reed@britishland.com Martin Gudaitis mg@ppcllp.uk.com Toby Sykes toby.sykes@eur.cushwake.com Michaela Dakin michaela.dakin@eur.cushwake.com MISREPRESENTATION NOTICE Montagu Evans or Cushman & Wakefield for themselves and for the vendors of this property, whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Montagu Evans or Cushman & Wakefield has any authority to make or give any representations or warranty whatever in relation to this property or the particulars, nor enter into any contract relating to the property on behalf of Montagu Evans or Cushman & Wakefield nor any contract on behalf of the vendors; and (iv) no responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties which have been sold or withdrawn. * These centres are prime retail and leisure destinations, purpose built covered centres, typically with in excess of 150 units and anchored by at least one large department store. They are among the largest retail destinations in the country with a profile and retail mix comparable to large city centres and have an average market potential of 700 million. These centres rank within the top 50 retail centres in the UK. Examples of this type of centre include Meadowhall, Bluewater, Westfield London and Cribbs Causeway. Source CACI.

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