#1111111 111 1 領展 LINK Acquisition of Mainland China Logistics Assets 12 May 2022#2Property Particulars 3 new modern warehouses with good building specifications and strategic locations in Yangtze River Delta, Mainland China. Jiaxing and Changshu South are completed and fully-leased; Changshu North is under the final stage of construction with expected completion in May 2022 (3) and positive pre-leasing progress. Address Land Tenure Completion Specifications GFA (sqm) Occupancy Jiaxing Asset No.669 Sheng'an Road, Xiuzhou District, Jiaxing 50 years expiring in 2067 2019 Double-storey ramp 99,323 100% 1.8 Changshu North Asset No.29 Xinggang Road, Changshu 50 years expiring in 2056 May 2022 (Estimated) Double-storey ramp 69,045 N/A N/A Changshu South Asset No.11 Xingda Road, Changshu 50 years expiring in 2055 2021 Single-storey 23,776 100% 5.0 WALE (years) Notes: (1) Link acquired a 100% interest in a portfolio of three modern warehouses in Jiaxing, Zhejiang Province and Changshu, Jiangsu Province for RMB947 million. The acquisition is expected to complete in July 2022, subject to the approval of the shareholders of the seller group, Fujian Dongbai Group Co. Limited (Shanghai stock code: 600693) at their general meeting expected to be held in May 2022. (2) As of March 2022. (3) On-site construction work and fire safety acceptance have been completed; completion certificate is being processed. 2#3Strategic Locations in Yangtze River Delta Jiaxing Connecting hub among Shanghai, Hangzhou and Suzhou due to its geographical advantage Changshu One of the satellite cities of Shanghai with a strong manufacturing base, benefitting from the spill-over logistics demand from Shanghai $1 基督教堂 嘉兴学院 中国供销加油站 (梁林校区) Suzhou 加油站 (60km/40mins) 4匹 Jiaxing Downtown (11km/20mins) 上 中央公园 G320 G320 Changzhou- G. 22 Taizhou 5km Radius Highway Jiaxing Asset 顾家头 沙家浜 3 王洪合文化公园 寺 G320 东路 G346 广益路 万好家居购物 广场(嘉兴) Shanghai (90km/1.2hours) 嘉兴市公安局交通警 察支队车辆管理所 墩坝 C 贯泾港湿地公 舊兴南站 南互通 X206 Jiaxing South EN 6 m A Train Station (7km/15mins) 严巷 赵市镇 Changshu Port * Changshu North Asset 滨江国际 施家堂 4 X301 尚浜 Changshu (中宏新农中心 Train Station (20km/20mins) 台浒河 塘坔镇画 盐铁墉 G36 Highway 深泾 谢巷 徐六泾 Shanghai-Wuhan Highway Changshu Downtown (25km/30mins) 半泾浜 Suzhou (78km/1hour) Huzhou Hangzhou (70km/1hour) 15 KM WAY 8TH 廖家头 X302 BAR Jiaxing Shanghai (90km/1.5hours) 2 中国石化 Shanghai-Kunmin 1 Blogis Logistics Park 4 Mapletree Logistics Park 王店梅里 Hangzhou 2丐区纽 G $22 Jiaxing-Suzhou Highway (70km/1hour) 假假山头 2 Prologis Logistics Park 5 Ping'an Logistics Park 「嘉塘 3 Metcold Logistics Park 6 Sunjade Logistics Park X119 2 KM 15 KM Changshu Wuxi 阿家 9119 Kunshan Suzhou (78km/1hour) O Shanghal (70km/1 hour) 1 GLP Pujiang Logistics Park 4 GLP Meili Logistics Park (Ph.1 & 2) 黄枢纽 L匝道桥 Changshu South Asset 5km Radius 熟港三通 X301 Yangtze River 路巷 Changzhou- Taizhou Highway G 22 重亼纽 2 Logos Logistics Park 王厅 X202 夏家村 金泾闸 2 成家滩 石猴家具工艺品 展览中心 Shanghai (90km/1.5hours) 3 Qingtong Logistics Park 3 大小桥 [鹤咀 2 KM 3#4Immediately Yield Accretive Transaction with Excellent Attributes 4 Investment Rationale ✓ Strategically located in Jiaxing and Changshu Reputable Tenants ■Third Party Logistics ■ E-Commerce Well-connected in Yangtze River Delta through artery expressways with convenient access to neighbouring cities/hubs Highly-sought modern warehouses with excellent specifications Both Jiaxing and Changshu South reached 100% occupancy within 6-month from completion; expected positive rental growths for the two assets ✓ Reputable tenant base offering stable income streams The tenants of Jiaxing and Changshu South are leading local players in third party logistics, e-commerce and manufacturing fields ✓ Positive market outlook underpinning future growth potential Logistics land zoning of all target properties that is scarce in future supply and growing demand from e-commerce and third-party logistics in the subject submarkets 30% Jiaxing Asset Changshu South Asset 100% 70% ■ Manufacturer Note: (1) By area#5Further Diversifying and Maintaining Growth Trajectory Financial Impact Agreed Property Value Valuation by Colliers (1) Jiaxing Changshu North Changshu South Total RMB 649 M RMB 337 M RMB 120 M RMB 1,106 M RMB 660 M RMB 343 M RMB 125 M RMB 1,128 M (3) Monthly Gross Passing Income (2) RMB 3.3 M N/A RMB 0.8 M RMB 4.1 M Financing Own cash resources and existing debt facilities Notes: (1) Source: Valuation as of March 2022. (2) Monthly gross passing income includes rental income and management fee income. (3) The current monthly gross passing income is RMB 0.05 M as the asset is still in the fit-out period. After the fit-out period ends in July 2022, the monthly gross passing income will be RMB 0.8 M. LO 5#6Appendix#7Appendix 1: Jiaxing Site Photos Asset Rendering 2 HO 43 蚂 Exterior 西 1F Platform Projected Area Interior 7#8Appendix 2: Changshu North Site Photos Asset Rendering Aerial View Interior Facade 8#9Appendix 3: Changshu South Site Photos Aerial View Facade Interior Ancillary 9#10Disclaimer 110 This document has been prepared by Link Asset Management Limited in its capacity as the Manager (the "Manager") of Link Real Estate Investment Trust ("Link REIT") solely for use at the presentations/meetings held and may not be reproduced or redistributed without permission. Neither this document nor any copy may be taken or transmitted into or distributed, directly or indirectly, in the United States or to any U.S. person (within the meaning of Regulation S under the United States Securities Act of 1933, as amended). Neither this document nor any copy may be taken or transmitted into or distributed or redistributed in Canada or to the resident thereof. The distribution of this document in other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe any such restrictions. By attending this presentation/meeting, you are deemed to agree to be bound by the foregoing restrictions and represent that you have understood and accepted the terms of this disclaimer. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. All information and data are provided for reference only. All opinions expressed herein are based on information available as of the date hereof and are subject to change without notice. The slides forming part of this document have been prepared solely as a support for oral discussion about Link REIT. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or suitability of any information or opinion contained herein. None of Link REIT, the Manager, or any of its directors, officers, employees, agents or advisors shall be in any way responsible for the contents hereof, nor shall they be liable for any loss arising from use of the information contained in this presentation or otherwise arising in connection therewith. This document may contain forward-looking statements. The past performance of Link REIT is not necessary indicative of the future performance of Link REIT and that the actual results may differ materially from those set forth in any forward-looking statements herein. Nothing contained in this document is, or shall be relied on, as a promise or forecast as to the future. This document does not constitute an offer or invitation to purchase or subscribe for any securities of Link REIT and neither any part of it shall form basis of or be relied upon in connection with any contract, commitment or investment decision whatsoever. No action has been taken or will be taken by Link REIT, the Manager or any of its directors, officers, employees, agents or advisers, to register this document as an offering document or otherwise to permit public distribution of this document.