Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction

No. of ordinary voting shares/units held: 6670071 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.82000000 (Direct Interest); 0.00000000 (Deemed Interest)

On 7 August 2025, 316,709 units in AIMS APAC REIT ("units") were issued to AIMS APAC REIT Management Limited, as Manager of AIMS APAC REIT (the "Manager"), details as follows:

316,709 units issued at S$1.2749 per unit as partial payment of the base fee component of the Manager's management fee ("Base fee") for the period 1 April 2025 to 30 June 2025.

In accordance with the AIMS APAC REIT's Trust Deed, the issue price was determined based on the volume weighted average price for a Unit for all trades on the Singapore Exchange Securities Trading Limited, in the ordinary course of trading, for the period of 10 business days immediately preceding the relevant business day.

Following the above-mentioned issue of Units, the total number of Units in issue is 816,932,401 and the Manager now holds 6,670,071 Units.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 152731445 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 18.70000000 (Deemed Interest)

On 7 August 2025, 316,709 units in AIMS APAC REIT ("Units") were issued to AIMS APAC REIT Management Limited as Manager of AIMS APAC REIT (the "Manager''), details as follow:

316,709 Units issued at S$1.2749 per Unit as partial payment of the base fee component of the Manager's management fee (''Base Fee") for the period from 1 April 2025 to 30 June 2025;

In accordance with the AIMS APAC REIT's Trust Deed, the issue price was determined based on the volume weighted average price for a Unit for all trades on the Singapore Exchange Securities Trading Limited, in the ordinary course of trading, for the period of 10 business days immediately preceding the relevant business day.

As Mr George Wang's associated companies and trust are the ultimate owner of the Manager, Mr George Wang is deemed to have an interest in the Units held by the Manager.

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Following the disposal, ESR Group Limited has: (a) a direct interest in 4,119,625 units of the Listed Issuer; and (b) a deemed interest in 36,358,419 units of the Listed Issuer, comprising of 36,358,419 units held by e-Shang Infinity Cayman Limited, a wholly-owned subsidiary of ESR Group Limited, amounting to a total interest in 40,478,044 units of the Listed Issuer.

MEGA BidCo, a company established in the Cayman Islands, holds more than 20% of the voting shares in ESR Group Limited. MEGA BidCo is a 100% owned subsidiary of MEGA FinCo, a company established in the Cayman Islands. MEGA FinCo is a 100% owned subsidiary of MEGA Intermediate HoldCo, a company established in the Cayman Islands. MEGA Intermediate HoldCo is a 100% owned subsidiary of MEGA EquityCo, a company established in the Cayman Islands.

Alexandrite Gem Holdings Limited ("AGHL") and Athena Logistics Holding Ltd ("ALHL") are each indirectly wholly-owned by certain private equity funds which are limited partnerships ("the Funds") managed by Warburg Pincus LLC, a New York limited liability company. Warburg Pincus XII, L.P., a Delaware limited partnership ("WP XII GP") and Warburg Pincus China GP, L.P., a Delaware limited partnership ("WPC GP") are the general partners of the Funds.

WP Global LLC, a Delaware limited liability company ("WP Global"), is the general partner of each of WP XII GP and WPC GP.

Warburg Pincus Partners II, L.P., a Delaware limited partnership ("WPP II"), is the managing member of WP Global.

Warburg Pincus Partners GP LLC, a Delaware limited liability company ("WPP GP LLC"), is the general partner of WPP II.

Warburg Pincus & Co., a New York general partnership ("WP"), is the managing member of WPP GP LLC.

WP Nepheline Ltd ("WPNL"), WP Ekanite Gem Ltd ("WPEG"), WP Andesine Holding Ltd ("WPAH") are each indirectly wholly-owned by certain private equity funds which are limited partnerships ("the Other Funds") managed by Warburg Pincus (Bermuda) Private Equity GP Ltd, a Bermuda limited liability company. Warburg Pincus Asia Real Estate GP, L.P. ("WPARE"), WP Ekanite Gem GP Ltd. ("WPEG GP") and Warburg Pincus (Cayman) China-Southeast Asia II GP, L.P ("WPCSA GP") are the general partners of the Other Funds.

Warburg Pincus Asia Real Estate GP, LLC ("WPARE GP"), a Cayman Islands limited liability company, is the general partner of WPARE.

Warburg Pincus Co-Investment GP (Cayman), Ltd. ("WPC GP"), a Cayman Islands limited liability company, is the managing member of WPEG GP.

Warburg Pincus (Cayman) China-Southeast Asia II GP LLC ("WPCSA") is the general partner of WPCSA GP.

Warburg Pincus Partners II (Cayman), L.P. ("WPPC II"), a Cayman Islands limited liability company, is the managing member of each of WPARE GP and WPCSA, as well as the sole member of WPC GP.

Warburg Pincus (Bermuda) Private Equity GP Ltd ("WPBPE GP"), is the general partner of WPPC II.

AGHL, ALHL, WPNL, WPEG and WPAH collectively hold more than 20% of MEGA EquityCo and more than 20% of the voting shares in ESR Group Limited.

Accordingly, each of AGHL, ALHL, WP Global, WPP II, WPP GP LLC and WP, as well as each of WPNL, WPEG, WPAH, WPARE GP, WPC GP, WPCSA, WPPC II and WPBPE GP, is deemed to have an interest in the 40,478,044 units of the Listed Issuer that ESR Group Limited has an interest in.

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

No. of ordinary voting shares/units held: (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Following the disposal, ESR Group Limited has: (a) a direct interest in 4,119,625 units of the Listed Issuer; and (b) a deemed interest in 36,358,419 units of the Listed Issuer, comprising of 36,358,419 units held by e-Shang Infinity Cayman Limited, a wholly-owned subsidiary of ESR Group Limited, amounting to a total interest in 40,478,044 units of the Listed Issuer.

MEGA BidCo, a company established in the Cayman Islands, holds more than 20% of the voting shares in ESR Group Limited. MEGA BidCo is a 100% owned subsidiary of MEGA FinCo, a company established in the Cayman Islands. MEGA FinCo is a 100% owned subsidiary of MEGA Intermediate HoldCo, a company established in the Cayman Islands. MEGA Intermediate HoldCo is a 100% owned subsidiary of MEGA EquityCo, a company established in the Cayman Islands.

Starwood Electron Co-Invest LP ("SECL") and SOF-12 Sequoia Investco Ltd ("SSIL") collectively hold more than 20% of MEGA EquityCo and more than 20% of the voting shares in ESR Group Limited.

SECL and SSIL are each indirectly controlled by certain vehicles managed by Starwood Capital Group Management, L.L.C., a Delaware limited liability company.

Starwood Electron Co-Invest GP, LLC, a Delaware limited liability company ("SEC GP") is the general partner of SECL.

SSIL is directly controlled by S Asia Hold Co 1 Private Limited, a Singapore private limited company ("SAHC1").

SAHC1 is directly controlled by SOF-12 International SCSP, a Luxembourg special limited partnership ("S12").

SOF-12 International Management S.a.r.l., a Luxembourg limited liability company ("SIMS") is the general partner of S12.

SIMS is directly controlled by Starwood XII Management L.P., a Delaware limited partnership ("SXM").

Starwood XII Management GP, L.L.C., a Delaware limited company ("SXM GP") is the general partner of SXM.

SXM and SEC GP are directly controlled by Starwood Capital Group Global II, L.P. a Delaware limited partnership ("SCGG II").

SCGG II GP, L.L.C., a Delaware limited liability company ("SCGG GP II") is the general partner of SCGG II.

SCGG GP II is directly controlled by Starwood Capital Group Holdings GP L.L.C., a Delaware limited liability company ("SCGH").

SCGH is directly controlled by BSS SCG GP Holdings L.L.C., a Delaware limited liability company ("BSS").

Barry Stuart Sternlicht controls a majority interest in BSS.

Accordingly, each of SECL, SSIL, SEC GP, SAHC 1, S12, SIMS, SXM, SXM GP, SCGG II, SCGG GP II, SCGH, BSS and Barry Stuart Sternlicht, is deemed to have an interest in the 40,478,044 units of the Listed Issuer that ESR Group Limited has an interest in.

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Following the disposal, ESR Group Limited has: (a) a direct interest in 4,119,625 units of the Listed Issuer; and (b) a deemed interest in 36,358,419 units of the Listed Issuer, comprising of 36,358,419 units held by e-Shang Infinity Cayman Limited, a wholly-owned subsidiary of ESR Group Limited, amounting to a total interest in 40,478,044 units of the Listed Issuer.

MEGA BidCo, a company established in the Cayman Islands, holds more than 20% of the voting shares in ESR Group Limited. MEGA BidCo is a 100% owned subsidiary of MEGA FinCo, a company established in the Cayman Islands. MEGA FinCo is a 100% owned subsidiary of MEGA Intermediate HoldCo, a company established in the Cayman Islands. MEGA Intermediate HoldCo is a 100% owned subsidiary of MEGA EquityCo, a company established in the Cayman Islands.

Accordingly, each of MEGA BidCo, MEGA FinCo, MEGA Intermediate HoldCo and MEGA EquityCo, is deemed to have an interest in the 40,478,044 units of the Listed Issuer, that ESR Group Limited has an interest in.

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
ESR Group Limited has disposed of 521,700 units in the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 40478044 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.95600000 (Deemed Interest)

Remarks
Disposal of Securities via market transaction

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$727,533.08

Immediately after the transaction

No. of ordinary voting shares/units held: 4119625 (Direct Interest); 36358419 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.50400000 (Direct Interest); 4.45200000 (Deemed Interest)

e-Shang Infinity Cayman Limited ("ES Infinity"), a company established in the Cayman Islands, is a wholly-owned subsidiary of e-Shang Jupiter Cayman Limited ("ES Jupiter"), a company established in the Cayman Islands. ES Jupiter, a company established in the Cayman Islands, is a 100% owned subsidiary of ESR Group Limited ("ESR"). ES Infinity holds 36,358,419 units in AA REIT directly. As ESR Group Limited has control of ES Jupiter and ES Infinity, ESR Group Limited is deemed to have interests in the 36,358,419 units held by ES Infinity.

The percentages of units held before and after the transaction were calculated using AA REIT's total number of issued units of 816,615,692 (based on public disclosures by AA REIT).

Remarks
EHKML, a wholly-owned subsidiary of ESR Group Limited, has disposed of 57,163,098 units in the Listed Issuer via off-market married deals. The Substantial Unitholders have an interest of over 20% in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 44666101 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 5.47000000 (Deemed Interest)

Remarks
EHKML, a wholly-owned subsidiary of ESR Group Limited, has disposed of 57,163,098 units in the Listed Issuer via off-market married deals. The Substantial Unitholders have an interest of over 20% in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 44666101 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 5.47000000 (Deemed Interest)

Remarks
EHKML, a wholly-owned subsidiary of ESR Group Limited, has disposed of 57,163,098 units in the Listed Issuer via off-market married deals. The Substantial Unitholders have an interest of over 20% in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 44666101 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 5.47000000 (Deemed Interest)

Remarks
EHKML, a wholly-owned subsidiary of ESR Group Limited, has disposed of 57,163,098 units in the Listed Issuer via off-market married deals. The Substantial Unitholders have an interest of over 20% in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 44666101 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 5.47000000 (Deemed Interest)

Remarks
EHKML, a wholly-owned subsidiary of ESR Group Limited, has disposed of 57,163,098 units in the Listed Issuer via off-market married deals. The Substantial Unitholders have an interest of over 20% in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 44666101 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 5.47000000 (Deemed Interest)

Remarks
EHKML, a wholly-owned subsidiary of ESR Group Limited, has disposed of 57,163,098 units in the Listed Issuer via off-market married deals. The Substantial Unitholders have an interest of over 20% in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 44666101 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 5.47000000 (Deemed Interest)