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Investor Presentaiton

Cash flow in REITs: An illustration Unitholders ■ Distributed to Unitholders ■ For tax treatment in the hands of Unitholders, distributions are divided into - Dividend - Interest Unitholders make investment into REIT by subscribing to its units SPV* 1 REIT - Return of Capital REIT invests into SPVs in the form of Equity Distribution in the form of : ■ Dividend ■ Interest ■ Return of Capital SPV* 2 * REITS to hold assets either through Special Purpose Vehicles (SPVs) or directly SPV* 3 GB 8 00

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