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Valuation remain stable in JPY term • Portfolio Valuation (JPY million) (1) 87,531 Daiwa HouseⓇ Portfolio Valuation (S$ million) ▼5.9% 831.9 ▲1.8% 89,108 884.0 31 December 2022 31 December 2023 31 December 2022 31 December 2023 S$1.00: JPY99.02 S$1.00:JPY107.11 The aggregate valuation of the 16 properties in the portfolio grew by 1.8% y-o-y in JPY terms However, portfolio valuation in S$ terms was lower as JPY depreciated by approximately 7.6% compared to a year ago (1) Based on the independent valuation of the properties as at 31 December 2023. 12 12

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