Investor Presentaiton

Seoul Office Market CBD Grade A vacancy remains low with occupancy at 96.6% in 3Q 2023 CBD Grade A Rent and Occupancy 97.0% 98.5% 98.1% 96.6% 90.7% 86.6% 89.2% 86.7% 82.7% 121,356 124,110 126,629 130,553 91,845 92,325 91,656 97,572 98,926 IIII 4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 ICBD Grade A Net Effective Rent (KRW per py pm) Source: JLL Research, 3Q 2023. Keppel REIT 1Q23 2Q23 3Q23 CBD Grade A Occupancy (%) T Tower, Seoul 17

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