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BIG 14

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BIG is the largest open air shopping center operator and developer in Israel. It is unique in the sense that

it has developed a branded chain of shopping centers which has become a generic word for open air

shopping centers in Israel. BIG’s open air shopping center concept relies on simple structures, with high

visibility, good accessibility, and offering its tenants competitive leasing terms. In the past few years, BIG

entered into the development and operation of lifestyle centers and malls, under the brand BIG Fashion.

BIG Israel Portfolio

BIG owns and manages 22 shopping centers across Israel totaling 3.3 million sqf with an aggregate value

of $1 Billion (BIG's share of ownership).

BIG enjoys an exceptional occupancy rate of almost 100% continuously over the last 10 years in its shopping

centers (approximately 850 stores averaging a size of 3,200 sqf per shop). The top national and international

brands are represented in most of BIG's shopping centers. The company's shopping centers are recognized

on a regular basis among the best power centers in Israel.

BIG Future Development

BIG is developing an additional 4 shopping centers to its brand.

2003-2015 ANALYSIS OF OCCUPANCY,

TENANT SALES, RENT & LOAD

Value derived from exchange rate of 3.75 NIS/1$US

Load: Rent per Sqf/ Tenant sales per Sqf

Rent

Tenant Sales

Load

Approximate Occupancy

2003

100%

13

4.8%

270

100%

14

4.9%

293

100%

17

5.1%

321

100%

18

5.0%

379

100%

19

5.0

358

100%

21

5.6%

371

100% 100% 100% 100%

22

5.8%

372 400 412 419

412

403

420

25

23

5.7% 6.2% 6.1% 6.3% 6.7% 6.6%

2004 2005

2007

2006

2008 2009 2010 2011 2012 2013

2015

2014

Rent & Tenant sales: $US per year per Sqf (rounded numbers)

2003

0

0.5 m

1 m

1.5 m

2 m

2.5 m

3 m

2004

2005

2006 2007 2008 2009 2010 2011 2012 2013 2014

G.L.A.

GROWTH

(sqf)

2015

26

26

27 27

2.48 m

2.8 m 2.8 m

2.27 m

1.72 m

2 m

1.5 m 1.5 m

1.075 m

0.86 m

2.325 m

2.585 m

3.3 m

BIG

ISRAEL