PropertyGuru SPAC Presentation Deck

Forecast Assumptions & Use of Proceeds 47 Revenues forecasted for each business area On a country level for Marketplaces Key drivers include ARPA, revenue per listing, number of agents/listings / events and year-on-year growth assumptions ■ Revenue Assumptions Refer to slides 48-50 for forecast assumptions for Singapore Marketplace, Vietnam Marketplace, and Data & FinTech Note: USDSGD FX rate of 1:1.327 (1) Refer to slide 10 for further details Cost Assumptions Costs are driven separately for each category on a country level, taking into account the effects of inflation, costs that are variable to revenue growth, cost efficiencies with scale and cost reduction post-acquisition integration of REA Assets(1) Costs include cost of sales, salaries, marketing expenses, IT etc. Expected to commence in CY22F with target investment size at 7-9x EV/Revenue of potentially acquired targets ■ Use of Listing Proceeds ■ Management expectation of acquiring 2-4 potential targets which are strategically accretive to current business and addresses adjacent TAMs as outlined on slides 15 and 30 Listing proceeds investments expected to yield US$28-37m of revenue in CY23F Illustrative impact from investment based on 7.0-9.0x of revenue, with additional growth rate assumed post-investment ■ Majority of the net proceeds expected to be utilised by CY25F Small portion of net proceeds potentially used for organic growth of existing businesses as well Company is currently evaluating potential opportunities and any further investment would be pursued based on strategic fit on a case- by-case basis

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