Investor Presentaiton

NAV growth throughout Level 3 Strategy ... Strategy focuses on faster per share NAV growth than ever VEST^ Vesta growth path 2014-2024 GLA in M SF / NAV per share in US $ 3.2 NAV per share (US$) 3.0 2.8 2.6 2.4 2.2 2014-2019 NAV per share CAGR: 3.1% 2019 2.0 Vesta Stage 2 1.8 2014 1.6 15 20 Sources: Vesta financial statements and projections. 25 25 30 2024 Vesta Stage 3 GLA (M SF) 2019-2024 projected NAV per share CAGR: 7.4% 35 40 45 83 83

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