Frasers Property Diversified Growth

Singapore investment portfolio metrics maintained at healthy levels Underpinned by strategic acquisitions and proactive asset and property management • • • Strengthening retail assets portfolio through strategic joint acquisition with FCT for 50% stake in NEX and FCT's acquisition of an additional 10% stake in Waterway Point Retail operational performance remained strong through proactive asset and property management Commercial operational performance saw steady improvements • Portfolio occupancy continued increasing for the sixth consecutive quarter Overall positive rental reversion achieved for leases secured in FY23 Alexandra Point asset enhancement initiative achieved TOP on 27 September 2023 Macro Drivers and Industry Trends Improvement in business activities and shopper traffic since the significant easing of safe management measures in 2022 Retail sales⁹ continue to grow Y-o-Y to 0.6% in Sep 2023 and majority of the industries recorded an improvement. The top three increases came from Food & Alcohol, Cosmetics, Toiletries & Medical Goods and Wearing Apparel & Footwear contributing 22.6%, 10.3% and 8.1% respectively Grade A office rents continued to climb in 3Q 2023 albeit at a modest pace of 0.4% Q-o-Q, marking the tenth consecutive quarter of growth. Despite near- term supply impact from shadow spaces and new completions, the office sector is expected to remain resilient over the mid-term due to constrained supply and Singapore's status as a regional financial hub 10 Retail Portfolio Metrics2 S$10.7 b AUM1 Average Occupancy Rate³ Leases due to expire Commercial Portfolio Metrics² S$4.2 b Average Occupancy Rate³ AUM8 Leases due to expire 30 Sep 235 98.6% 27.7%7 30 Jun 235 97.6% 4.7%6 31 Mar 234 31 Dec 22 30 Sep 22 97.8% 11.1%6 96.9% 18.6%6 95.8% 28.4%7 30 Jun 23 95.1% 2.5%6 31 Mar 23 93.9% 3.4%6 31 Dec 22 93.4% 30 Sep 22 30 Sep 23 95.6% 21.4%7 4.6%6 92.7% 11.8%7 1. Comprises retail property assets in Singapore in which the Group has an interest, including assets held by FCT and excluding Eastpoint Mall. 2. Reflects portfolio metrics of AUM. 3. Committed average occupancy rate as a percentage of NLA, excluding Community Sports Facilities Scheme (CSFS) space and flex-space facilities operated by the landlord. 4. Retail portfolio metrics as at 31 March 2023 and onwards includes NEX which was acquired on 6 February 2023. 5. Excludes Tampines 1 due to ongoing asset enhancement initiative works (AEI). 6. Leases due to expire over the remainder of the FY as a percentage of NLA, excluding CSFS space and flex-space facilities operated by the landlord. 7. Leases due to expire in the next FY as a percentage of NLA, excluding CSFS space and flex-space facilities operated by the landlord. 8. Comprises commercial property assets in Singapore in which the Group has an interest, including assets held by FLCT and FCT. 9. singstat.gov.sg/- /media/files/news/mrssep2023.ashx. 10. cbre.com.sg/insights/figures/singapore-figures-q3-2023. We are Frasers Property 34 34

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