ESR IR 2021 - EN

Private Market Real Estate Investors Pension Funds SWFs Insurance Public REITs Divesting Investing Growing Exposure Across New Economy and Other Alternative Asset Classes High Quality Prime Assets Retail Office MINIMAL capital co-invest SIGNIFICANT capital co-invest New Economy Real Estate ESR Interim Report 2021 7 Proposed Acquisition of ARA Asset Management ESTABLISHING A FULLY INTEGRATED CLOSED LOOP SOLUTIONS ECOSYSTEM FOR OUR CAPITAL PARTNERS By creating a one-of-a-kind closed loop solutions ecosystem for capital partners with the addition of ARA, we can leverage our perpetual capital vehicles to help them divest these assets and captively redeploy back into New Economy real estate via ESR and LOGOS — the largest New Economy real estate platform in Asia Pacific with US$53 billion of AUM. ESR is well-positioned to benefit from a fully integrated closed loop solutions ecosystem to help global capital partners divest Grade A real estate with the benefit to re-deploy the capital back into new economy real estate via ESR and LOGOS Source: Company Filings. FX rate:1 US$ = 6.5 RMB