Project Grid

Executive summary

Key takeaways

Why Colliers?

#1 Capital Markets advisor in the Nordics +55% market share in Denmark (transactions >DKK 100m) 1 +30% market share in the Nordics (transactions >DKK 100m) 1

Project Grid scores high on all the requirements that we expect to be important to today’s I&L investors requiring a core+/value-add return profile

Despite the current environment, the I&L investment market remains relatively liquid and competitive, and we have seen multiple transactions recently

Exceptional track record of high-volume transactions, including I&L, in Denmark +55% market share of I&L transactions (>DKK 100m) 2

Strong interest anticipated from a relatively broad field of investors fronted by international core+/value-add investors (including multiple partnerships)

Advisory team of top-tier Capital Markets professionals Average core team industry experience of 11 years

Colliers has detailed knowledge of the Portfolio due to ongoing valuation assignments and strategic discussions with Aurora

Structured bidding process with 15-25 carefully selected investors recommended

Our local market knowledge, data and network are unparalleled to the great advantage of our clients +3,000 commercial advisory and valuation assignments annually

Soft testing of investors and parallel preparation of process material to be initiated ASAP

Colliers| Proposal for advisory services | 5

Strong international investor network following years of being the local market leader in the Nordics +50% of all transactions are cross-border transactions

Estimated sales value in the range of DKK 1,675m (slightly negative) to DKK 1,851m (slightly positive)

1 Transactions >DKK 100m (2021-Q2 2023) according to Real Capital Analytics (RCA). 2 I&L transactions facilitated by broker >DKK 100m (2022) according to Colliers’ database.