Anchor Stores: Refers to large, well-known stores in its shopping centers that serve as the primary attraction to the consumers in each
shopping center, and are intended to ensure a constant flow of consumers in all areas of its shopping centers.
Arbitration Chamber: Market Arbitration Chamber established by the Bovespa for resolution of disputes between companies and its investors.
ABRASCE: Associação Brasileira de Shopping Centers.
Bovespa: São Paulo Stock Exchange (Bolsa de Valores de São Paulo).
BR GAAP: Accounting practices adopted in Brazil, or Brazilian GAAP or Brazilian Corporation Law.
CBLCM: The Brazilian Settlement and Custodial Company (Companhia Brasileira de Liquidação e Custódia).
Company or Iguatemi: Refers to Iguatemi Empresa de Shopping Centers S.A.
CVM: The Brazilian Securities Commission (Comissão de Valores Mobiliários).
EBITDA and Adjusted EBITDA: EBITDA consists of operating profit plus net financial expenses and depreciation and amortization. Adjusted EBITDA
consists of EBITDA plus: (i) equity in the results of investees; (ii) exchange rate variation on investments abroad; and
(iii) non-recurring expenses recorded as administrative expenses in its income statement. EBITDA and Adjusted EBITDA are
not financial performance measures calculated in accordance with Brazilian GAAP or U.S. GAAP, must not be considered as
alternatives to net income as an indicator of operating performance, or as alternatives to operating cash flows as an
indicator of liquidity. EBITDA and Adjusted EBITDA are not calculated using a standard methodology and may not be
comparable to the definition of EBITDA or Adjusted EBITDA or similarly titled measures used by other companies. Iguatemi
believes that EBITDA and Adjusted EBITDA allow a better understanding not only of its financial performance but also of
its ability to comply with its obligations and obtain funds for its capital requirements. However, EBITDA and Adjusted
EBITDA present limitations that impair their use as a measurement of its profits since they do not consider certain
costs arising from its business that might significantly impact its results of operations and liquidity, such as
financial expenses, taxes, depreciation, capital investments and other related charges.
Gross Leasable Area or GLA: Refers to the sum of all areas in Iguatemi´s shopping centers that are available for lease, except for kiosks. The
Company calculates its gross leasable area by subtracting from its gross commercial area the areas in its shopping
centers owned by third parties.
Gross Commercial Area: Refers to the sum of all commercial areas of Iguatemi´s shopping centers, which includes the gross leasable area and
other commercial areas owned by third parties.
IFRS: International Financial Reporting Standards.
Real, Reais or R$: Refers to the Brazilian real, the official currency of Brazil.
Regulation S: Rule promulgated under the U.S. Securities Act of 1933, as amended, or the Securities Act, related to institutional and
other investors outside the United States and Brazil that are not U.S. persons.
Rule 144A: Rule promulgated under the U.S. Securities Act of 1933, as amended, or the Securities Act, related to qualified
institutional buyers of the United States.
SEC: Securities and Exchange Commission.
U.S. dollar, U.S. dollars or US$: Refers to U.S. dollars.