Straits Trading Business Segments Overview

• 2 GROWTH INITIATIVES SRE - To grow from current S$2.0 billion to S$3.0 billion target Invested Assets in near term. Growth Strategy 2 - Acquisition of warehouse retail parks in the UK SRE committed up to GBP 60 million (c. S$110 million) into an investment vehicle for the acquisition of warehouse retail park assets in key cities of the UK SRE will partner Savills Investment Management which has an established track record of investing and asset managing warehouse retail parks in the UK market A contrarian strategy of picking up strong income-producing assets and positioning for post-COVID recovery About Warehouse Retail Parks • Warehouse retail parks are open-air retail formats commonly found in city-fringe and out-of-town locations with strong arterial connectivity and large residential catchments • • • Characterized by expansive parking lots with direct access to storefronts, facilitating better social distancing for shoppers during the pandemic As most tenants are discount retailers, warehouse retail parks have remained competitive against online formats offering certain convenience advantages (e.g., same day shopping) as well as competitive pricing The emergence of click & collect helps to draw additional foot traffic to the properties and often result in additional on-site sales Investment Rationale • Well-located discount-led warehouse retail parks with the right tenant mix have outperformed other offline retail formats during the pandemic with footfall, rent collection, and vacancy rates • • A unique sub-sector that trades at a discount to pre-COVID level New strategy seeks to exploit the arbitrage between the strong operating performance and relatively depressed asset pricing STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP Highlight 1 Diversification Highlight 2 Growth Highlight 3 Value Creation Highlight 4 Financials 19 © Copyright 2021.. The Straits Trading Company Limited. All rights reserved.

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