Statistics of Unitholders As at 19 March 2026 (3) ESR Group Limited is the sole shareholder of e-Shang Jupiter Cayman Limited, which is in turn the sole shareholder of e-Shang Infinity Cayman Limited. Therefore, each of ESR Group Limited and e-Shang Jupiter Cayman Limited is deemed to be interested in the 126,949,368 Units held by e-Shang Infinity Cayman Limited. Separately, ESR Unit Holding Pte. Ltd. (“EUH”) holds 1,416,102 Units, comprising Units acquired from the Manager and the Property Manager. As EUH is a subsidiary of ESR Group Limited, these Units are included in the Units in which ESR Group Limited is deemed to be interested. (4) LOGOS Units No. 1 Ltd. holds 44,842,922 Units and is a wholly-owned subsidiary of LOGOS Property Group Limited (“LPGL”). ESR Logistics Venture I Limited holds an 100% shareholding interest in LPGL. ESR Logistics Venture I Limited is a subsidiary of ESR Logistics Partners Limited which is in turn a subsidiary of ESR Logistics (Holdings) Pte. Ltd., which is a wholly-owned subsidiary of ESR Asset Management Limited, which is in turn a wholly-owned subsidiary of ESR Group Limited. Accordingly, ESR Group Limited is deemed to be interested in the 44,842,922 Units held by LOGOS Units No. 1 Ltd.. (5) MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025 (“Transaction”). Following the completion of the Transaction, 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. Accordingly, each of MEGA BidCo, MEGA FinCo, MEGA Intermediate HoldCo and MEGA EquityCo, is deemed to have an interest in the 173,208,392 Units of ESR-REIT that ESR Group Limited has a deemed interest in. (6) Following the completion of the Transaction, Starwood Electron Co-Invest LP (“SECL”) and SOF-12 Sequoia Investco Ltd (“SSIL”) collectively hold more than 20% of MEGA EquityCo and more than 20% of the voting shares in ESR Group Limited. Starwood Electron Co-Invest GP, LLC, (“SEC GP”) is the general partner of SECL. SSIL is directly controlled by S Asia Hold Co 1 Private Limited (“SAHC1”). SAHC1 is directly controlled by SOF-12 International SCSP (“S12”). SOF-12 International Management S.à.r.l. (“SIMS”) is the general partner of S12. SIMS is directly controlled by Starwood XII Management L.P. (“SXM”). Starwood XII Management GP, L.L.C. (“SXM GP”) is the general partner of SXM. SXM and SEC GP are directly controlled by Starwood Capital Group Global II, L.P. (“SCGG II”). SCGG II GP, L.L.C. (“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. (“SCGH”). SCGH is directly controlled by BSS SCG GP Holdings L.L.C. (“BSS”). Barry Stuart Sternlicht controls a majority interest in BSS. Accordingly, each of SECL, SSIL, SEC GP, SAHC 1, S12, SIMS, SXM, SXM GP, SCGG II, SCGG GP II, SCGH, BSS and Barry Stuart Sternlicht, is deemed to have an interest in the 173,208,392 Units of ESR-REIT that ESR Group Limited has a deemed interest in. (7) Alexandrite Gem Holdings Limited (“AGHL”) and Athena Logistics Holding Ltd (“ALHL”) are each indirectly wholly-owned by certain private equity funds which are limited partnerships (the “Funds”) managed by Warburg Pincus LLC. Warburg Pincus XII, L.P. (“WP XII GP”) and Warburg Pincus China GP, L.P. (“WPC GP”) are the general partners of the Funds. WP Global LLC (“WP Global”) is the general partner of each of WP XII GP and WPC GP. Warburg Pincus Partners II, L.P. (“WPP II”) is the managing member of WP Global. Warburg Pincus Partners GP LLC (“WPP GP LLC”) is the general partner of WPP II. Warburg Pincus & Co. (“WP”) is the managing member of WPP GP LLC. WP Nepheline Ltd (“WPNL”), WP Ekanite Gem Ltd (“WPEG”), WP Andesine Holding Ltd (“WPAH”) are each indirectly wholly-owned by certain private equity funds which are limited partnerships (“the Other Funds”) managed by Warburg Pincus (Bermuda) Private Equity GP Ltd. Warburg Pincus Asia Real Estate GP, L.P. (“WPARE”), WP Ekanite Gem GP Ltd. (“WPEG GP”) and Warburg Pincus (Cayman) China-Southeast Asia II GP, L.P (“WPCSA GP”) are the general partners of the Other Funds. Warburg Pincus Asia Real Estate GP, LLC (“WPARE GP”) is the general partner of WPARE. Warburg Pincus Co-Investment GP (Cayman), Ltd. (“WPC GP”) is the managing member of WPEG GP. Warburg Pincus (Cayman) China-Southeast Asia II GP LLC (“WPCSA”) is the general partner of WPCSA GP. Warburg Pincus Partners II (Cayman), L.P. (“WPPC II”) is the managing member of each of WPARE GP and WPCSA, as well as the sole member of WPC GP. Warburg Pincus (Bermuda) Private Equity GP Ltd (“WPBPE GP”) is the general partner of WPPC II. Following the completion of the Transaction, AGHL, ALHL, WPNL, WPEG and WPAH collectively hold more than 20% of MEGA EquityCo and more than 20% of the voting shares in ESR Group Limited. Accordingly, each of AGHL, ALHL, WP Global, WPP II, WPP GP LLC and WP, as well as each of WPNL, WPEG, WPAH, WPARE GP, WPC GP, WPCSA, WPPC II and WPBPE GP, is deemed to have an interest in the 173,208,392 Units of ESR-REIT that ESR Group Limited has a deemed interest in. DIRECTOR’S INTEREST IN UNITS AS AT 21 JANUARY 2026 Based on the Register of Directors’ Unitholdings, the interests of the Directors in Units issued by ESR-REIT are as follows. Direct Interest Deemed Interest Total Interest Contingent Awards of Units under the Manager’s Performance Unit Plan(2) Directors No. of Units %(1) No. of Units %(1) No. of Units %(1) Ms. Stefanie Yuen Thio 26,593 0.0033% 3,795(3) 0.0005% 30,388 0.0038% – Mr. Nagaraj Sivaram 200,000 0.0248% – – 200,000 0.0248% – Dr. Julie Lo Lai Wan – – – – – – – Mr. Ronald Lim 24,000 0.0030% – – 24,000 0.0030% – Mr. Loi Pok Yen 711,065 0.0883% 13,832(4) 0.0017% 724,897 0.0900% – Mr. George Agethen – – – – – – – Mr. Stuart Gibson – – – – – – – Mr. Shen Jinchu, Jeffrey – – – – – – – Mr. Adrian Chui – – – – – – 0 to 307,215(5) Note: (1) The percentage interest is computed based on the total number of Units in issue as at 21 January 2026 of 805,035,067 Units. (2) This refers to the number of Units which are the subject of contingent awards granted but not released under the Manager’s Performance Unit Plan (“PUP”). (3) As 3,795 Units are held by Ms. Stefanie Yuen Thio’s husband, Ms. Stefanie Yuen Thio is deemed to be interested in these Units. (4) As 13,832 Units are held by Mr. Loi Pok Yen’s wife, Mr. Loi Pok Yen is deemed to be interested in these Units. (5) The final number of Units to be released will depend on the achievement of pre-determined targets at the end of the three-year performance periods for the PUP. The final number of Units that will be released could range from 0% to a maximum of 150% of the baseline award under the PUP. The Units released under the PUP, if any, will be delivered in a combination of Units and cash. FREE FLOAT Under Rule 723 of the Listing Manual of the SGX-ST, a listed issuer must ensure that at least 10.0% of its listed securities are at all times held by the public. Based on the information made available to the Manager as at 19 March 2026 approximately 73.1% of ESR-REIT’s Units are held by the public and therefore, Rule 723 of the listing Manual of the SGX-ST has been complied with. 229 ESR-REIT ANNUAL REPORT 2025
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