Frasers Property Diversified Growth

Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms REITs platform supports the Group's strategic objectives Enhancing the Group's income streams and capital productivity REITs have scaled up and strengthened over time through active portfolio rebalancing FLCT and FCT are among the top ten S-REITs by market capitalisation as at 30 September 2023 S$6.0 b combined value of assets acquired by REITs from the Total: S$17.5 b GVREIT, S$0.4b Group and third FTREIT, S$1.9b Total: S$14.0 b parties from FY19 to FHT, FY23 GVREIT, S$1.9b FTREIT, S$0.5b S$1.7b combined value of FHT, S$2.3b assets sold by FLCT, S$6.4b S$1.8 b REITs to third parties from FY19 to FLCT, FY23 S$5.6b combined gains from FPL market capitalisation $3,278.3m 6 Total implied value of FPL's SGX-listed REIT effective holdings was 81% of FPL's market capitalisation as at 30 September 2023 $2,645.6m $2,379.0m FCT, S$6.9b assets 5 sold by S$0.5 b REITs to third FCT, S$3.9b parties from FY19 to FY23 FY19 REITS assets under management 2 FY23 REITS assets under management¹ FY193 FY23 ■Implied value of SGX-listed REIT holdings 7 NB. All references to REITS includes the Group's REITS and Stapled Trust - FCT, FLCT, FHT, FTREIT and GVREIT. 1. As announced by the REITS. 2. Based on exchange rate S$1 : THB0.045 and S$1 A$0.9307. 3. Includes market capitalisation of FCOT, which was merged with FLCT and delisted in FY20. 4. Excluding FTREIT and GVREIT. 5. Aggregate of difference between divestment and acquisition value of divested assets. 6. FPL share price was S$0.835 as at 29 September 2023. 7. Aggregate of FPL's holdings in each REIT multiplied by the market capitalisation of the respective REIT. We are Frasers Property 18

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