Project Westfield

PROJECT WESTFIELD

Financial overview

Interested parties are encouraged to make their own assessment of the proposed transac tion. However, to assist in such an assessment, we have calculated some selected key finan cial figures regarding the operating budget for the properties in the Portfolio.

DEPOSITS AND PREPAID RENT The majority of the tenants have put up cash deposits and prepaid rents equivalent to a total of four months’ rent. As of July 2023, the total amount in cash deposits corresponds to DKK 7,519,388, and the total amount in prepaid rents corresponds to DKK 1,734,834. RENTAL DISCOUNTS Rental discounts have not been given for the leases, and the rents are adjusted annually in accordance with the Net Price Index. In 2022, a small discount has been provided to the tenants of Emiliehaven: As per agree ment with the tenants, the seller has not enforced the NPI regulations in that year.

NET RENTAL INCOME The net rental income has been submitted for 2024 based on the terms and condition in the lease con tracts as well as information made available by the sell er. The Portfolio generates an annual rental income of approximately DKK 42,0 million in 2024. OPERATING COSTS The operating costs of the Portfolio are listed for 2023. Costs relating to property management, external maintenance and janitorial services and cleaning have been estimated based on benchmarks consistent with market standards. On this basis, the operating costs of the Portfolio is estimated at DKK 5.83 million. RENT POTENTIAL It is estimated that there is a rent potential and an op portunity for optimisation of the rent income when reletting, particularly for the property Emiliehaven in Vallensbæk. For detailed clarification regarding ERV, please refer to the financial data package made availa ble in connection with this IM.

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