Investor Presentaiton

1 Strategic Entry into Japan (Osaka) mapletree Growing hyperscaler demand for Osaka as a key alternative hub to Tokyo industrial Separate Cloud Region to Tokyo ➤ Many cloud service providers only have one availability zone in Osaka × Growth potential as cloud service providers will require more distributed capacity to ensure redundancy Sustained Growth Potential Underserved market with large headroom for growth as Osaka's Total MW per Million Capita 1,2 2023-27E Take-up CAGR1,3 60% below Tokyo 73.4 MW per Capita still ~60% below Tokyo's Faster growth than Tokyo from 2023-27E, with multiple growing data centre clusters 184.5 14% 13% Osaka Tokyo Osaka Tokyo 1 Source: DC Byte, Japan Data Centre Market Report, 2023. 2 Source: Statistics Bureau of Japan. 3 Based on total IT capacity as at May 2023. Includes live, under construction, committed and early stage data centre capacity, divided by respective populations of Tokyo and Osaka. 8

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