Frasers Property Diversified Growth

UK portfolio metrics remain resilient despite headwinds Strategic activities undertaken to drive leasing activity • • High interest rates and softer post-pandemic office leasing demand trends continue, exacerbated by political and economic uncertainties in the UK. Continued focus on quality products and proactive asset management to support portfolio metrics • ~41,700 sqm of commercial and business park renewals and new leases in FY23 • ~22,100 sqm of renewals and new leases in 4Q FY23 on the back of improving demand Completed 'The Rowe', a ~15,000 sqm office development in Central London, in December 2022 Enhance value proposition through ongoing AEI to upgrade the portfolio Ongoing strategic I&L development activity continues . Unlocking embedded development value of land bank across all UK business parks - exploring opportunities for further I&L development to meet demand Completed -27,700 sqm of prime I&L development on two assets for FLCT - Blythe Valley Park (Connexion 2) and Worcester Six in February and March 2023, respectively • Blythe Valley Park (Connexion 2) achieved fully-let status in 3Q FY23 Worchester Six pre-let to Alliance Flooring A prime I&L development for FLCT in Cheshire, pre-let ~62,000 sqm for a 15-year lease period to a leading UK auto distributor, Peugeot Motor Company Plc; targeting completion by December 2023 Macro Drivers and Industry Trends ($ Bank of England maintained interest rate at 5.25% in November 2023 after increasing by total of 300 bps over the prior eleven months, mainly over concerns of inflation4 Business confidence is improving, boosting demand for UK office space. However aggregate leasing activity for 2023 is expected to be lower than 20225 Occupational fundamentals for the UK industrial and logistics market remain resilient despite economic headwinds5 Business Park Metrics S$1.6 b AUM1 AOR² WALE3 30 Sep 23 87.9% 5.8 years 30 Jun 23 87.7% 31 Mar 23 87.4% 31 Dec 22 87.1% 30 Sep 22 88.1% 5.9 years 6.1 years 5.7 years 5.9 years 1. Comprises seven business parks in the UK in which the Group has an interest, including assets held by FLCT. 2. Actual occupancy; by NLA. 3. By income. 4. bankofengland.co.uk/. 5. uk-mid-year-market-outlook-2023-report.pdf (cbre.co.uk). We are Frasers Property 61

View entire presentation