Broen Shopping

YEAR 1 OPERATING BUDGET (FULLY LET)

fee, rent collection fees and fees for preparation of accounts. Please note that the total sum of provisions and various fees recoverable from the tenants, namely DKK 2.7 million, has been factored in as other income, but has subsequently been offset against estimated average annual long-term provisions for maintenance and renewal of technical installations and prop erty management. The on-account contribution is DKK 1,352 per sq m for retail units that contribute to all items on the accounts, and pro portionally lower for non-retail areas in accordance with the aforementioned distribution principles. It is assumed that once they are relet, currently vacant units fully contribute with this amount. Tenant incentives Some tenants have been granted minor or moderate rental dis counts, mainly in terms of rent regimes phasing in long-term stabilised rent. Rental discounts amount to DKK 4.4 million in total between 2025 and 2026. As of 1 January 2026, Rental discounts in the among of DKK 4.2 million have lapsed, with outstanding rental discounts estimated at approximately DKK 230,516 in total (in nominal terms). All rental discounts will have lapsed by year-end 2026.

BROEN SHOPPING

DKK total

DKK/sq m (1)

Rental income

52,696,466

1,580

Fixed rent

23,663,131

709

Minimum rent

23,465,477

703

Turnover based rent

2,353,707

71

Vacancy rent

3,214,150

96

Service charges 2

12,632,573

379

In-place service charges

11,561,897

347

Vacancy service charges

1,070,676

32

Other income 3

2,782,917

83

In-place other income

2,441,375

73

Vacancy other income

341,541

10

Operating income

68,111,955

2,042

Common costs budget 4

-9,808,084

-294

Marketing budget 4

-4,974,097

-149

Heating budget 4

-1,634,107

-49

Cooling budget 4

-367,430

-11

Ventilation budget 4

-376,565

-11

For further details please refer to the financial data package provided together with this IM.

External building maintenance 5

-1,844,000

-55

Property management 6

-790,447

-24

Deposits and guarantees Most tenants have provided cash deposits equivalent to six months’ rent. Leases typically allow for a regulation of the deposited amount so as to equal six months’ rent from time to time. As of 1 June 2026, cash deposits amount to DKK 4.9 mil lion in total.

Operating costs

-19,794,731

-593

Net operating income (before discounts)

48,317,225

1,448

Notes: All amounts are quoted in DKK. 1. Per sq m GLA. Secondary GLA weighted by 50%. 2. Tenant contributions to the operating costs paid in addition to the net rent. 3. Tenant provisions for renewal of technical installations, property management fees, auditing fee, rent collection fees and fees for preparation of accounts. 4. Based on the Sellers’ budgets for 2025, subject to 1.5% indexation. 5. Estimated long-term external maintenance costs (building envelope), including maintenance and renewal of technical installations. 6. Property management costs estimated by Colliers at 1.5% of the net rental income.

. 41