Broen Shopping

BROEN SHOPPING

BROEN Shopping benefits from a diversified income base and stable returns, with 95% of rental income being either contracted fixed rent or minimum/base rent. FINANCIAL OVERVIEW

Rental income As of 1 January 2026, the budgeted annual rental income of BROEN Shopping totals DKK 52.7 million. This includes budg eted rental income of DKK 3.2 million from currently vacant units. Most commercial leases carry a minimum indexation clause of up to 2.00% p.a. Current turnover-related rent only accounts for slightly more than 5.2% of budgeted rental income. Apart from contracted rental income, an additional rental income of DKK 2.0 million in total relating to technical areas, common toi lets and the shopping centre’s administrative office is collected from the tenants via the common costs accounts. . Operating costs Operating costs are largely recoverable from the tenants. Most tenants contribute on a proportionate basis to both common costs accounts, heating accounts, cooling accounts and venti lation accounts. Costs are distributed according to a weighted distribution key, with retail units generally carrying 100% of

costs, except Føtex (carrying 30%), H&M (35%), PureGym (50%), and currently vacant unit no. 0.20 (50%). Storage units carry 25% of the common costs account and 100% of the heating accounts but do not contribute to the ventilation and cooling accounts. In addition, the tenants contribute to BROEN Shopping’s mar keting and advertising efforts. The terms on which the indi vidual tenants contribute to marketing costs vary but are included in their respective lease agreements. However, ten ants are typically required to make a fixed contribution (not linked to actual costs) subject to annual indexation. For fur ther details please refer to the financial data package provided together with this IM. The 2026 operating cost budgets total DKK 17.2 million, excluding long-term provisions for maintenance and renewal of technical installations, property management fees, auditing

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