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Investor Presentaiton

We Thoroughly Evaluated Mr. Litt and Determined He Did Not Meet the Standards for Board Service Relevant Skills Institutional Investment Experience Public Company Board Service Healthcare or Public Policy Experience Operational REIT Experience ESG Expertise Select Credentials of Ventas Directors Michael Embler: Oversaw $85B in AUM and 25 investment professionals Roxanne Martino: Managed $14B+ in AUM; inducted into InvestHedge Hall of Fame and recognized as one of "50 Leading Women in Hedge Funds" Matthew Lustig: Oversaw multiple funds, including Lazard Senior Housing Partners, with $2.5B+ of equity capital invested in REITs and real estate operating companies Average -12 years of service on public company Boards Melody Barnes: Accomplished governance and public policy expert; advised President Obama on and negotiated for the Health Care and Education Reconciliation Act Michael Embler: Director at Kindred Healthcare, a healthcare company specializing in long term acute care hospitals, inpatient rehabilitation facilities and behavioral health hospitals ⚫ Denny Shelton: Experienced healthcare executive and director with wealth of expertise in hospitals, medical office buildings and other care settings Maurice Smith: CEO of 5th largest health insurer in the U.S.; recognized as one of Modern Healthcare's 100 Most Influential People in Healthcare in 2020 and 2021 Sean Nolan: ~30 years of experience in life sciences industry as public company executive, operator and serial entrepreneur; CEO of AveXis when sold for $8.7B Robert Reed: Accomplished hospital system executive and finance professional Maguerite Nader: 20+-year track record as an accomplished REIT executive; Current Nareit Chair Walter Rakowich: Extensive experience as seasoned and accomplished REIT executive and finance professional; led a dramatic turnaround at Prologis and the $17B merger with AMB Multiple directors with ESG expertise A VENTAS® X Mr. Litt's Credentials Manages a small hedge fund with a five-person team; no clarity into fund's return track record Currently on zero public company Boards Served for 1 year at Taubman Centers after second proxy fight; asked by other directors to not stand for re-election Served for ~2 years at Mack Cali following appointment as part of settlement agreement No healthcare industry experience (including senior living) No public policy experience Land & Buildings ran a prolonged and unsuccessful campaign at Brookdale Senior Living; won no board seats and incurred meaningful loss on its investment No operational REIT experience Limited direct experience in leasing, development, acquisitions, capital markets or other critical aspects of a REIT's operations None 39 39
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