Trust Structure
Notes:
| 1 | “Master Japan Asset Management Agreements” refers to the Master TMK Asset Management Agreement entered into between the Japan Asset Manager, the REIT Manager and the REIT Trustee on 26 February 2026 and the Master GK Asset Management Agreement entered into between the Japan Asset Manager, the REIT Manager and the REIT Trustee on 26 February 2026. |
| 2 | “Individual Japan Asset Management Agreements” refers to the separate Individual TMK Asset Management Agreements entered into between UIB Konan2 TMK and the Japan Asset Manager and UIB Koto TMK and the Japan Asset Manager on 26 February 2026 and the Individual GK Asset Management Agreements entered into between UIB Konan2 GK and the Japan Asset Manager and UIB Koto GK and the Japan Asset Manager on 26 February 2026. |
| 3 | The BIF Manager will be 49.0% held by the REIT Manager, while the remaining 51.0% is held by BPL. |
| 4 | “BIF Entities” refer to BPCA3 LLP, BP-SF Turbo LLP and BP-TN Pte. Ltd.. BIF directly owns 49.0% partnership interests in BP-CA3 LLP and BP-SF Turbo LLP, and 49.0% of the total issued shares of BP-TN Pte. Ltd.. The BIF Entities currently each hold AUMOVIO Building Phase 3, 11 Seletar Aerospace Link and Rolls-Royce Solutions Asia , which comprise the IPO Portfolio and will be wound up after the Listing Date as the Singapore Properties have been sold to the REIT Trustee or, as the case may be, the BIF Trustee. |