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2010 2011 2012 2013 2014 2015 *2016

BIG 18

BIG 19

Figures represent BIG USA'S share and presented at $MM

BIG's strategy in the United States is concentrated on purchasing existing high quality shopping centers.

BIG USA is primarily focused on purchasing lifestyle centers, community centers and power centers.

BIG's preferred business strategy is to form partnerships with well-respected operators and managers

of shopping centers, who will own an interest in the properties, along with managing their day to day

operations. BIG will contribute its expertise in the strategic management of the acquired properties.

BIG currently owns 80% of BIG USA, after issuing 20% of BIG USA's shares to Migdal Insurance Company

on February 2012. Migdal is the leading insurance and finance company in Israel, and its decision to join

forces with BIG, shows its confidence in BIG's operations in the U.S.

BIG USA Management Team

Yehuda Naftali (Chairman), and Stanley McElroy (President), both with vast experience in retail real estate,

are heading BIG’s USA operations through its subsidiary BIG Shopping Centers USA, having its offices and

staff in Los Angeles, CA.

BIG US Portfolio

BIG USA owns interests in 28 shopping centers across the United States, totaling 7.0 million sqf with an

aggregate value of $1,092 million (BIG USA's share of ownership).

8 centers are wholly owned by BIG and the remaining with partners.

BIG Future Acquisitions

BIG USA seeks to enlarge its portfolio in the United States, taking advantage of its established platforms

and joint ventures for future acquisitions. BIG uses its own funds as well as funds from institutional Israeli

partners.

0

100

200

300

* Projection based on existing properties

400

500

600

700

800

900

1000

1100

1200

2010-2016

GROWTH IN THE U.S.

9

67

125 155

171

207

311

318

97

50

127

129

129 129

137

59

66

411

369

525

821

1,048

1,122

28

32

37

40

NOI

Assets Value

Net Worth

Invested Equity

BIG

USA

526