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Investor Presentaiton

In progress Heads of Agreement Signed 1 Portfolio Rejuvenation Through Ongoing Redevelopments and Asset Enhancement Initiatives Ongoing redevelopments and AEls present immediate organic growth opportunities Delivered 6.0% - 8.0% yield on cost from completed developments and AEls since 2021 Redevelop older-specs assets into modern and future-ready properties Repurpose and rejuvenate dated assets to suit the demands of the New Economy Development of unutilized plot ratio Sector High- Specs Industrial High- Specs Industrial General Industrial Logistics Property Address Completion Date % Completed (1) Estimated Cost Illustrative Yield on Cost 7002 Ang Mo Kio Avenue 5 3Q2023 c.92% c.S$53.3m (2) c. 7.1% 16 Tai Seng Street 21B Senoko Loop ESR-LOGOS RELE 2 Fishery Port Road ■ Redevelopment of ramp-up modern cold storage facility ■ Non-binding Heads of Agreement signed with a master tenant for 20+5 years with built-in rental escalations per annum 2Q2024 c.20% c.S$32.0m (3) c. 6.0% 1Q2024 c.71% c.S$38.5m c. 6.6% 29 months construction period . Tender for construction works called Expected start of c.S$240.0m c.7.0% construction in 4Q2023 " Progress Updates Advanced lease negotiations with 3 high- specifications prospects (semicon, lifestyle, and industrial manufacturing), with rental rates in line with market Planned Green Mark Gold Certification AEI has enabled the lease renewal of an incumbent tenant in the pharmaceutical industry in 2Q2023, achieving positive rent reversion of circa 40% Planned for Green Mark Gold Certification ■ Redevelopment of a Built-to-suit High-Spec facility on a 15-year master lease to NTS Components Singapore Pte Ltd ("NTS"), with fixed annual rent escalation Planned for Green Mark Gold Certification Proposed redevelopment of a modern high- specification ramp-up cold storage facility, fitted out with an Automated Storage and Retrieval System ("ASRS") for frozen food products. Planned for Green Mark Platinum Certification ESR-LOGOS REIT Notes: (1) As at 30 June 2023. (2) The revised total cost is expected to be S$53.3 million, which includes previously announced expected cost of approximately S$35.7 million and additional cost of approximately S$17.6 million. (3) The revised total cost is expected to be S$32.0 million, which is higher than the S$25.9 million as previously announced due to increased construction costs. 15
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