Investor Presentaiton

6 Strong Corporate Governance & Stable Regulatory Regime Governed by robust regulatory framework under Property Fund Guidelines REITs in Singapore are regulated by the MAS via key property fund guidelines with the following attributes: Regulated guideline on maximum debt Total borrowings and deferred payments to assets should not be above the regulatory aggregate leverage limit as prescribed under the Property Funds Appendix issued by MAS. The limit was increased to 50% on 16 April 2020 to provide greater flexibility for REITs to manage their capital structure during the current pandemic. Constantly updated valuation ■ Valuation of properties is conducted annually at the end of the financial year. ■ Per MAS guidelines, a valuer should not value the same property for more than two consecutive financial years. ■ The valuers for 2019 were: Colliers INTERNATIONAL CUSHMAN & WAKEFIELD savills • Limits on property development Maximum 10% of assets can be tied up in property development activities or investments in uncompleted property developments. Additional 15% allowance utilised solely for redevelopment of an existing property held by the REIT for at least three years. Statutory duty on a REIT manager and its individual directors to prioritise the interests of unitholders over those of the REIT manager and its shareholders, in the event of a conflict of interest. JLL KJPP Rengganis, Hamid & Rekan Property-Bus Valuation Advary Servic Transparency and corporate governance In line with MAS property fund guidelines and internal policies, LMIR Trust has a high level of transparency and follows a strict code of corporate governance including relating to asset purchases and divestments and interested party transactions. LMIR Trust is governed under one of Asia's largest and most established REIT regimes 27

View entire presentation