Workspace Group PLC

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Workspace Group PLC
RANDSTAD REIS LONDEN 2006/STUDY TOUR
LONDON Regeneration in London Comprehensive View
and Incremental Approaches
Harry Platt, Chief Executive Workspace Group
PLC 23 June 2006
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The Business Hotelier of Space to SMEs

• To achieve profit and capital growth from
• Providing workspace to SMEs in London
• Investing in properties with potential
• - Income growth
• - Capital growth
• - Alternative use
• Increasing scale of portfolio, spreading
  overheads and
• developing the brand
• The right financial platform

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The Business Hotelier of Space to SMEs

• We provide affordable, flexible space for new
  and small businesses in London and the South East
  
• c.4,000 customers over 105 estates 5.8 million
  sq .ft
• Over 6,600 enquiries a year market leading brand
  in
• fragmented market
• A simple product offer
• Superior service from in-house management
• Customer focused

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Ten Year Results
Five Year Ten Year Compound
Growth Compound Growth Adjusted NAV per
share 20.9 21.9 Property at
Valuation 21.3 22.6 Trading
PBT 9.9 13.8 Trading EPS 10.2 13.0 Divide
nd per share 10.2 11.2
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History Growth in assets and shareholder value

• Founded in 1987
• Listing on London Stock Exchange 1993
• Last equity issue 1994
• Now Gross Assets over 950 million

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Our Buildings
Westminster Business Square
The Leathermarket
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Our Buildings
Westbourne - external
Westbourne Internal
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Our Buildings
The Quadrangle, SW6
Southgate Office Village, N14
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Our Buildings
Homesdale Business Centre, Bromley
Southbank House, SE1
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Changing Environments
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Dynamic Environments
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Customer Profile
Typical Workspace tenant
Rent under 5 of turnover Average rents at 31
March 2006 9.58 per sq. ft Average customer in
say 1,100 sq.ft. Average rent per week 203
Source Kingston University survey of over 200
customers. Spring 2004
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Our Customers
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Total Percentage of Customers by DTI Categories
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Workspace Group portfolio 2005/06
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New Plan Continue to grow Shareholder Value

• How?
• Our growing market place of SMEs
• Targeting areas
• Rental growth
• Refurbishments
• Mixed use intensification of sites
• Continuing acquisitions where we see value

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Focusing on Growth London Dynamics
London is a global city
Centre of finance commerce culture
knowledge creativity power and influence

Londons population likely to grow by 800,000 to
8.1m by 2016 The working population will rise by
516,000 Net internal migration continues to run
at about 100,000 a year
London is a growing city
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Focusing on Growth London SMEs

• 1.07m employ 1 - 20 people
• 30 of these are in London and SE
• 85 of those businesses with employees in London
  have less than 10 employees
• In 2005, London accounted for 22 (87k) of all
  new business starts in the England and Wales
• London has the highest concentration of the
  fastest-growing and most productive business
  sectors in the UK

London is theSME incubator

London is our Marketplace
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Clusters e.g.The Southbank Portfolio

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Summary

Workspace Leader in a Growing Marketplace
Focused on long term sustainable growth