Ripley S A : consolidates its real estate investment in Peru with the opening of Mall Aventura San Juan de Lurigancho

Second shopping center inaugurated this year:

Ripley consolidates its real estate investment in Peru with the opening of Mall Aventura San Juan de Lurigancho

• The opening of the new mall in the most populated district of Lima, San Juan de Lurigancho, adds to the recent opening of Iquitos Mall, positioning Mall Aventura as one of the main shopping centers operators in the neighboring country with about 317 thousand m2 of leasable area.

Thursday, 30 November 2023. This Thursday, Ripley Corp. inaugurated Mall Aventura San Juan de Lurigancho, adding about 60 thousand m2 of leasable area to its real estate segment. At the date of the inauguration, they have rented 96% of the total surface area. In addition to Ripley´s department store, the commercial proposal includes, PlazaVea supermarkets, the home improvement store; Promart, the cinema complex; Cinépolis, and among other 250 stores.

This is Mall Aventura´s second opening during this year, since in August it inaugurated the shopping center in the city of Iquitos, the first in the Peruvian Amazon. With this new incorporation, the company closes the year with five shopping centers in operation and 317 thousand square meters of leasable surface in the neighboring country.

The project represented an investment of US$85 million and positions Ripley as the most important operator of shopping centers in Peru in the regional and super regional format. It is expected that, in total, the subsidiary of Ripley Corp, Mall Aventura, will receive more than 60 million visits in 2024, which represents a growth of 55% compared to this year. We are also expecting to reach a revenue growth between 30 to 40%, after increasing from three to five shopping centers under operation.

"We are very pleased with the second real estate opening this year, marking a milestone by becoming the first operator in the most populated district in Peru, reaching with our proposal more than 1.2 million residents. We are convinced that this new investment will further contribute to improving the life´s quality of people and the economic development of the country," said Lázaro Calderón, Ripley's Corporate CEO, after the opening of the mall.

Contributing to the social development of our communities

Mall Aventura San Juan de Lurigancho developed an alliance with SOS Children's Villages Peru, an organization that shelters, educates, and feeds thousands of vulnerable children, which consists of a monthly payment that the mall earns to contribute to the development of children. This alliance was

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born in 2016, after signing a contract of land rights for 60 years with SOS Children's Villages Peru. Thanks to this contribution, until October 2023, nine homes and new administrative offices have been built nationwide. In addition, the mall will provide training and job opportunities for SOS Village beneficiaries.

On top of that, Mall Aventura San Juan de Lurigancho, in addition to offering a wide variety of shops, will contribute to the development of local entrepreneurship and at the same time improve the infrastructure of the area, positively transforming the life quality of communities, generating more than 10,000 jobs during its first year of operation.

About Mall Aventura

Mall Aventura, the real estate subsidiary 100% owned by Ripley Corp, has 317 thousand m2 of leasable area. Today the company operates five shopping centers in Peru: 2 in the city of Lima, one in Arequipa, Chiclayo and Iquitos.

During the last twelve months, Mall Aventura's revenues reached $38.0 billion, representing a 19% year over year growth, with an EBITDA generation of $29.6 billion, reaching an EBITDA margin of 77.8%.

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