ESR-REIT Annual Report 2024 231 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 1. GENERAL (CONTINUED) (C) Acquisition and disposal fees Under the Trust Deed, the Manager is also entitled to receive the following fees: (a) An acquisition fee of 1.0% of each of the following as is applicable, subject to there being no doublecounting: (i) the purchase price, excluding GST, of any real estate acquired, whether directly by ESR-REIT or indirectly through a special purpose vehicle; (ii) the value of any underlying real estate (pro-rata, if applicable, to the proportion of ESR-REIT’s interest in such real estate) where ESR-REIT invests in any class of real estate related assets, including any class of equity, equity-linked securities and/or securities issued in real estate securitisation, of any entity directly or indirectly owning or acquiring such real estate; (iii) the value of any shareholder’s loan extended by ESR-REIT to the entity referred to in paragraph (ii) above; and (iv) the value of any investment by ESR-REIT in any loan extended to, or in debt securities of, any property corporation or other special purpose vehicle owning or acquiring real estate, made with the prior consent of the Unitholders passed by ordinary resolution at a meeting of Unitholders duly convened and held in accordance with the provisions of the Trust Deed. (b) A disposal fee of 0.5% of each of the following as is applicable, subject to there being no doublecounting: (i) the sale price, excluding GST, of any investment of the type referred to in paragraph (C)(a)(i) above for the acquisition fee; (ii) in relation to an investment of the type referred to in paragraph (C)(a)(ii) above for the acquisition fee, the value of any underlying real estate (pro-rata, if applicable, to the proportion of ESR-REIT’s interest in such real estate); (iii) the proceeds of sale, repayment or (as the case may be) redemption of an investment in a loan referred to in paragraph (C)(a)(iii) above for the acquisition fee; and (iv) the value of an investment referred to in paragraph (C)(a)(iv) above for the acquisition fee. The Manager may opt to receive acquisition and disposal fees in the form of cash or Units or a combination of cash and Units as it may determine.
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