ESR IR 2021 - EN

STEP FORWARD 6 Proposed Acquisition of ARA Asset Management On 4 August 2021, ESR Cayman entered into the Acquisition Agreement pursuant to which ESR will acquire 100% of the share capital of ARA Asset Management (“ ARA ”) for US$5.2 billion, raising ESR’s profile as the largest real estate and real asset manager in Asia Pacific that is powered by the New Economy, with a combined AUM of US$131 billion 1,2 . CREATING APAC’S LARGEST REAL ASSET FUND MANAGEMENT PLATFORM POWERED BY LOGISTICS AND DATA CENTRES (“NEW ECONOMY”) Largest APAC-Focused Logistics Real Estate Platform US$36 billion AUM 1 Largest Real Assets Manager in APAC with Significant Exposure to New Economy US$95 billion AUM 2 37% / 42% Perpetual + Core Capital 4 / AUM Growth 6 3 Listed REITs 11 5 Listed REITs 58% / 30% Perpetual + Core Capital 2 / AUM Growth 6 US$65 billion: Public REITs, private funds and subsidiaries US$30 billion: Associates 3 59 New Capital Partner Relationships; 9 of Top 20 Global LPs 7 #1 APAC Real Asset Fund Manager Powered by New Economy US$131 billion AUM 1,2 , ~2x the Closest Peer US$53 billion 1,2 New Economy AUM; #1 in APAC >80% EBITDA from New Economy Real Estate 8 >50% Perpetual + Core Capital with 14 Listed REITs Source: Company Information, JLL Independent Market Research, data for peers as of 31 December 2020, or if unavailable, as of latest publicly available figures Notes: 1. Based on reported AUM of US$36.3 billion for ESR as at 30 June 2021. 2. Assets under management by ARA Group and its Associates as at 30 June 2021, adjusted for LOGOS’ acquisition of Moorebank Logistics Park announced on 5 July 2021; data for peers as of 31 December 2020, or if unavailable, as of latest publicly available figures. 3. Associates include Cromwell (“ CMW ”) and Kenedix (“ KDX ”). 4. Based on reported AUM as at 30 June 2021. 5. Five directly managed REITs, six by associates. 6. 2016–2020A CAGR. 7. Ranked by real estate allocation since 2011 (JLL Independent Market Research, Preqin). 8. Based on 2020A segment EBITDA, before unallocated corporate costs.