Investor Presentaiton

6 Strong Corporate Governance & Stable Regulatory Regime Clearly defined screening process for asset acquisitions Internal evaluation process Board approval process Independent valuation ■ A holistic evaluation on location, tenant mix, brands, rent reversion, long term growth potential, together with financial, legal and technical due diligence ("DD") prior to an asset acquisition ■Financial DD: Financial projections based on underlying rent rolls - Operational performance (historical and projected) - Other key property metrics: catchment area, occupancy rate, asset yield ■Legal DD: To ensure LMIR Trust's ability to obtain clean legal title to the asset - Includes due diligence over any ongoing/potential legal disputes - Ensure sufficient reps and warranties to protect against any contingent liabilities ■ Technical DD: To ensure structural robustness of the asset ■The Board takes an involved approach to approving potential acquisitions - Provides inputs and highlights any potential areas which might require further diligence or assessment - Approval is subject to financial, legal and technical DD being satisfactory ■ Statutory duty on a REIT manager and on its directors to prioritise interests of unitholders over the Sponsor ■ The Board consists of 3 independent directors (majority of the Board) ■ All interested party transactions require 2 independent valuers ■Each valuer is required to rotate after 2 years ■ Even for non-Sponsor asset acquisitions, at least 1 independent valuation is required ■ Applies to both Sponsor assets and third party assets ■ Interested party transactions have additional regulatory requirements 2 Independent valuations required (of which 1 is appointed by Trustee) - Independent Financial Adviser to advise LMIR Trust's Independent Directors - Minority unitholders' approval required A comprehensive assessment process by both management and the Board is in place to ensure value accretive acquisitions 28

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