Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

ESR Group Limited has a deemed interest in 173,208,392 units of the Listed Issuer. Before the transaction, the Substantial Unitholders giving notice in this form, controlled 20% of the voting shares in ESR Group Limited, and therefore had a deemed interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

On 8 April 2026, MEGA EquityCo, the indirect parent entity of ESR Group Limited, issued new shares to other entities, and the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited.

Accordingly, each of SECL, SSIL, SEC GP, SAHC 1, S12, SIMS, SXM, SXM GP, SCGG II, SCGG GP II, SCGH, BSS (each defined below) and Barry Stuart Sternlicht, is no longer deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

MEGA BidCo holds more than 20% of the voting shares in ESR Group Limited. MEGA BidCo is 100% owned by MEGA FinCo, which is in turn 100% owned by MEGA Intermediate HoldCo, which is in turn 100% owned by MEGA EquityCo.

Starwood Electron Co-Invest LP ("SECL") and SOF-12 Sequoia Investco Ltd ("SSIL") hold a minority interest in MEGA EquityCo.

SECL and SSIL are each indirectly controlled by certain vehicles managed by Starwood Capital Group Management, L.L.C., a Delaware limited liability company.

Starwood Electron Co-Invest GP, LLC, a Delaware limited liability company ("SEC GP") is the general partner of SECL.

SSIL is directly controlled by S Asia Hold Co 1 Private Limited, a Singapore private limited company ("SAHC1").

SAHC1 is directly controlled by SOF-12 International SCSP, a Luxembourg special limited partnership ("S12"). SOF-12 International Management S.a.r.l., a Luxembourg limited liability company ("SIMS") is the general partner of S12.

SIMS is directly controlled by Starwood XII Management L.P., a Delaware limited partnership ("SXM"). Starwood XII Management GP, L.L.C., a Delaware limited company ("SXM GP") is the general partner of SXM. SXM and SEC GP are directly controlled by Starwood Capital Group Global II, L.P. a Delaware limited partnership ("SCGG II").

SCGG II GP, L.L.C., a Delaware limited liability company ("SCGG GP II") is the general partner of SCGG II. SCGG GP II is directly controlled by Starwood Capital Group Holdings GP L.L.C., a Delaware limited liability company ("SCGH").

SCGH is directly controlled by BSS SCG GP Holdings L.L.C., a Delaware limited liability company ("BSS"). Barry Stuart Sternlicht controls a majority interest in BSS.

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Following the issuance of shares by MEGA EquityCo, the indirect parent entity of ESR Group Limited, to other entities, the Substantial Unitholders giving notice no longer control 20% of MEGA EquityCo and no longer control 20% of the voting shares in ESR Group Limited. Accordingly, each of the Substantial Unitholders giving notice in this form, no longer are deemed to have an interest in the 173,208,392 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
ESR-REIT issued 1,126,494 new units to ESR-REIT Management (S) Limited at S$2.6870 per unit as partial payment for its base fees for the period from 1 October 2025 to 31 December 2025 ("4Q2025"). The issue price was determined based on the volume weighted average price for a unit for all trades done on the SGX-ST in the ordinary course of trading on the SGX-ST for the last 10 business days of 4Q2025.

Amount of consideration paid or received by Trustee-Manager/Responsible Person (excluding brokerage and stamp duties): $3,026,890.62

Immediately after the transaction

No. of ordinary voting shares/units held: 25691707 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 3.19000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Amount of consideration paid or received by Trustee-Manager/Responsible Person (excluding brokerage and stamp duties): $3,026,890.62

Immediately after the transaction

No. of ordinary voting shares/units held: 24565213 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 3.05000000 (Direct Interest); 0.00000000 (Deemed Interest)

ESR-REIT Management (S) Limited has sold 1,126,494 units that it is entitled to receive as partial payment of its management fee to ESR Unit Holding Pte. Ltd., a wholly-owned subsidiary of ESR Group Limited and has in connection with the sale, directed that such units be issued in favour of ESR Unit Holding Pte. Ltd. instead of ESR-REIT Management (S) Limited.

Remarks
Acquisition of Securities via market transaction

Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$544,430

Immediately after the transaction

No. of ordinary voting shares/units held: 420500 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.05200000 (Direct Interest); 0.00000000 (Deemed Interest)