Board of Directors’ Report on the Amendment of the General Shareholders’ Meeting Regulations (20. Informe modificacio n Reg. CdA ENTR 0)

1. PURPOSE OF THE REPORT

   This report is drawn up by the Board of Directors of Colonial SFL, SOCIMI, S.A. (the "Company") in accordance with Articles 518 and 528 of the consolidated text of the Spanish Limited Liability Companies Law approved by Royal Legislative Decree 1/2010, of 2 July (the "Spanish Limited Liability Companies Law") for the purpose of justifying and reflecting the amendments to the Regulations of the Board of Directors resolved at its meeting of 16 December 2025 and which will be reported to the Ordinary General Meeting of Shareholders of the Company to be held, foreseeably, on 17 June 2025, on first call, under item twelve on the agenda.

2. JUSTIFICATION FOR AMENDMENTS

The purpose of the amendments made to certain articles of the Regulations of the Board of Directors has been to replace references to the Company name as "Inmobiliaria Colonial, SOCIMI, S.A." with "Colonial SFL, SOCIMI, S.A.".

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This report was prepared and approved by the Board of Directors at its meeting of 14 May 2025.