NOTICE OF ANNUAL GENERAL MEETING (c) in this Resolution: “Average Closing Price” means the average of the closing market prices of the Units over the last five Market Days, on which transactions in the Units were recorded, immediately preceding the date of the market repurchase or, as the case may be, the date of the making of the offer pursuant to the off-market repurchase, and deemed to be adjusted for any corporate action that occurs during the relevant five Market Days and on the date of the market repurchase; “date of the making of the offer” means the date on which the Manager makes an offer for an off-market repurchase, stating therein the repurchase price (which shall not be more than the Maximum Price for an off-market repurchase) for each Unit and the relevant terms of the equal access scheme for effecting the off-market repurchase; “Market Day” means a day on which the SGX-ST is open for trading in securities; “Maximum Limit” means that number of Units representing 10.0% of the total number of issued Units as at the date of the passing of this Resolution; and “Maximum Price” in relation to a Unit to be repurchased, means the repurchase price (excluding brokerage, stamp duty, commission, applicable goods and services tax and other related expenses) which shall not exceed 105.0% of the Average Closing Price of the Units for both a market repurchase and an off-market repurchase; (d) t he Manager, any Director and the Trustee be and are hereby severally authorised to complete and do all such acts and things (including executing all such documents as may be required) as the Manager, such Director or, as the case may be, the Trustee may consider expedient or necessary or in the interests of ESR-REIT to give effect to the transactions contemplated and/or authorised by this Resolution. All capitalised terms used in this Resolution which are not defined herein shall have the same meaning ascribed to them in the circular to Unitholders (in relation to the proposed renewal of the Unit Buy-Back Mandate) dated 2 April 2026 (the “UBB Circular”). [Please see Explanatory Notes below] OTHER BUSINESS To transact any other business which may properly be brought forward. BY ORDER OF THE BOARD ESR-REIT Management (S) Limited As Manager of ESR-REIT (Company Registration No.: 200512804G, Capital Markets Services Licence No.: CMS 100132) Adrian Chui Chief Executive Officer and Executive Director 2 April 2026 232 ESR-REIT ANNUAL REPORT 2025
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