2026 Investor Briefing Webinar Presentation & Q&A

Welcome to this corporate update session organized by Sias involving iREIT Global. iREIT Global is the first Singapore-listed real estate investment trust with the investment strategy of principally investing directly or indirectly in a portfolio of income-producing real estate in Europe, which is or will be primarily used for office, retail industrial hospitality, hospitality related and other accommodation, as well as real estate developed assets. iREIT's portfolio comprises five freehold office properties in Germany, four freehold office properties in Spain and 44 retail properties in France with a total lettable area of about 425,000 square meters.

The portfolio has an occupancy rate of about 89.4% and an independent valuation of about 798 million euro as at 31st December 2025. We are pleased to have with us the CEO, Chief Executive Officer of iREIT Global, Mr Peter Vian and the Chief Financial Officer Kevin Tan. I'm sure our participants here are keen to hear more about the key highlights of the latest financial year and what they can anticipate in the coming financial year. So without further ado, I will now pass my time over to the management team to take us through the corporate presentation, after which we will have a Q&A session in which members of the public you can submit your questions for the management.

Over to you, Peter and Kevin. Thank you. Hi, everyone. Let's start with this presentation. So first we start with this slide, giving an overview of iREIT Global. Important things to say that iREIT Global is investing in Europe and on several asset classes. It is supported by two joint sponsors, two reputable joint sponsors, the first one being CDL, CTE Development Limited, which is a famous developer and asset manager in Singapore and Asia, and TKO Capital, which is a worldwide asset manager based in Europe. I think we can move on to the next slide.

So as already mentioned, iREIT portfolio comprises 53 properties in Europe, five of them being an office asset in Germany, four being office assets in Spain, and 44 of them of the asset being retail assets in France. Two portfolios, retail portfolios, led to Decathlon brand and to B&M brand. The major part still today of the value of the asset is in Germany, which is the historical portfolio which was in the I.P.O. in 2014, so nearly 12 years ago. And over time, this portfolio has been diversified to Spain, first in the office asset class,

and then into France with the retail asset class, so opening a new geography and a new asset class. And this is the history, but also it will be probably the future of I.R.I.E. because we are keeping the diversifying the asset, the portfolio, the assets in the portfolio in the future. Now if we move, thank you, to the first quarter, 2026 key indicators, key highlights. First, and this is one of the main messages we want to convey, is that our portfolio-committed occupancy has significantly improved over the quarter because it has nearly increased

by 3%. And this will be further discussed later, but this is mainly due to new lease contracts signed in our Darmstadt property in Germany. Regarding our weighted average lease expiry and aggregate coverage, they have been quite flat over the quarter and can still recall that there was an increase in the aggregate coverage, quite significant increase in the aggregate coverage at the end of 2025 for the full year results presentation. And this was mainly correlated to the change of value in the second half of 2025, which changed from savings to JLL.

And this new value has a new view, I would say, on the risk profile of two of our assets, one being Berlin and the other one being Kunkorp Park in Munich, the south of Germany. But over the quarter, no change. And last, our weighted average interest rate is increasing over the quarter due to the new swap implemented on our German loan, which has been effective since end of January 26. There we'll say a word on that later, that one of our big successes of 2025 was the refinancing of our biggest loan on the portfolio, the German loan for more than 200 million euros. It was successfully refinanced, and that's good.