1Q 2026 Business Updates

SUNTEC REIT BUSINESS UPDATES

For the Quarter ended 31 March 2026

23 April 2026

Agenda

03

1Q 2026 Financial Overview

04

Financial Highlights

15

Capital Management

18

Singapore Office Portfolio Performance

25

Australia Portfolio Performance

28

UK Portfolio Performance

31

Singapore Retail Portfolio Performance

38

Suntec Convention Performance

41

Our ESG Commitment

Suntec City Office, Singapore

Distributable Income to Unitholders

$57.3 million

+24.8% y-o-y

Distribution Per Unit to Unitholders

1.936 cents

+23.9% y-o-y

3

Suntec City

MBFC Properties

One Raffles Quay

Olderfleet, 477 Collins Street

The Minster Building

Nova Properties

177 Pacific Highway

55 Currie Street

Financial Highlights

21 Harris Street

Southgate Complex

2.1M or 1.9%

0.2M or 0.3%

2.3M or 9.0%

Gross Revenue & Net Property Income:

Stronger operating performance across Singapore Office, and Retail

Higher contribution from 55 Currie Street (Adelaide) Lower contribution from Suntec Convention

Lower contribution from The Minster Building (London)

JV Income:

Stronger operating performance from MBFC Properties and One Raffles Quay

1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26

Notes:

1. Ownership interest of 33.3% for One Raffles Quay and MBFC Properties, 50.0% for Southgate Complex and Nova Properties.

2. Operating income excluding loss from fair value adjustments of $0.3 mil for the quarter ended 31 March 2025.

11.4M or 24.8%

0.068

2.0

0.373¢ or 23.9%

Stronger operating performance from Singapore Retail and Office Portfolio

Lower financing cost ($5.8m)

Higher AU withholding tax provision in 1Q 25 based on no MIT status ($2m)

1Q 25 1Q 26 1Q 25 1Q 26

AUS withholding tax provision based on no MIT status in 1Q 251

Note:

1. Please refer to the announcements dated 10 Feb 2025 "Update on Suntec REIT's Managed Investment Trust Status" and 3 Sep 2025 "Suntec REIT's Australia Managed

   Distribution Payment

Ex-date

Record date Payment date

30 Apr 2026

4 May 2026

29 May 2026

Note:

Notes:

1. Based on Suntec REIT's interests in Suntec City Office, One Raffles Quay and Marina Bay Financial Centre Office Towers 1 and 2.

2. Based on Suntec REIT's interests in Suntec City Mall, Suntec Singapore (Retail) and Marina Bay Link Mall.

3. Based on Suntec REIT's interests in 177 Pacific Highway, 21 Harris Street, Southgate Complex, 477 Collins Street and 55 Currie Street.

4. Based on Suntec REIT's interest in Nova Properties and The Minster Building.

Singapore Office Portfolio

Resilient Performance Maintained

1.7M or 9.6%

0.3M or 0.8%

(0.2M or 0.7%)

Gross Revenue & Net Property Income:

Higher rent at Suntec City Office Higher operating expenses

JV Income:

Stronger operating performance driven by higher rent and lower operating and interest expenses at MBFC Properties and One Raffles Quay

1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26

Australia Portfolio

Stable Portfolio Performance

A$ mil S$ mil1

(0.5M or 2.7%)

1.2M or 5.6%

New lease commencement at 55 Currie Street

Stable performance at 177 Pacific Highway, 21 Harris Street and 477

Collins Street

1Q 25 1Q 26 1Q 25 1Q 26

1Q 25 1Q 26

1Q 25 1Q 26

Higher operating expenses Stronger AUD against SGD

0.4M or 133.3%

JV Income:

Lower operating and interest expenses at Southgate (Melbourne)

0.8

0.4

0.7

0.3

1Q 25 1Q 26 1Q 25 1Q 26

Note:

UK Portfolio

Vacancies at The Minster Building Impacted Operating Performance

£ mil S$ mil1

(0.2M or 5.9)%

(0.5M or 15.6%)

(0.3M or 5.2%)

(0.8M or 14.8%)

Gross Revenue & Net Property Income:

Lower occupancy due to lease expiry in June 2025 of a tenant at The Minster Building

Higher operating expenses due to vacancies

1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26

JV Income:

Stable operating performance at Nova Properties

Note:

1Q 25 1Q 26

1Q 25 1Q 26

11

1. Based on exchange rates of S$1.7195 = £1.00 for 1Q 26 and S$1.6968 = £1.00 for 1Q 25.

Singapore Retail Portfolio

Singapore Retail Performance Strengthened

3.1M or 8.7%

2.5M or 10.1%

0.1M or 16.7%

0.6

0.7

Gross Revenue & Net Property Income:

Higher occupancy and rent at Suntec City Mall

JV Income:

Higher occupancy and rent at MBLM

1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26

Suntec Convention

Lower Revenue Due to Fewer Large-Scale Conferences

(2.0M or 14.4%)

Lower revenue due to absence of large-scale conferences compared to 1Q 25

Mitigated by more corporate events and higher rentals from long-term licensees

(1.6M or 44.4%)

1Q 25 1Q 26 1Q 25 1Q 26

Income Contribution by Geography Income Contribution by Sector

11%

16%

73%

2%

27%

71%

Singapore Australia UK Office Retail Convention

Suntec City

MBFC Properties

One Raffles Quay

Olderfleet, 477 Collins Street

The Minster Building

Nova Properties

177 Pacific Highway

55 Currie Street

Capital Management

21 Harris Street

Southgate Complex

Note

1. ALR refers to the ratio of total borrowings (inclusive of proportionate share of borrowings of joint ventures) and deferred payments (if any) to the value of the Deposited Property.

2. Excludes joint venture loans. All-in financing cost for 1Q 26 was lower mainly due lower interest rates in 1Q 26.

3. Including joint venture loans, the total interest rate borrowings (fixed) is 63.7% (31 Dec 2025: 63.4%).

4. Based on total issued and issuable Suntec REIT units as at 31 Dec 2025 and 31 Mar 2026 respectively.

   
   
   

5. Interest coverage ratio ("ICR") refers to the ratio that is calculated by dividing the trailing 12 months earnings before interest, tax, sinking fund contribution, depreciation and amortisation (excluding

effects of any fair value changes of derivatives and investment properties, and foreign exchange translation), by the trailing 12 months interest expense, borrowing-related fees and distributions on 16

hybrid securities (if any).

1600

1400

Debt Maturity Profile

600

Perpetual Securities (First Reset)

1200

500

1000

800

600

400

200

0

700

200

1011

366

400

300

200

100

0

175

1150

FY2026 FY2027 FY2028 FY2029 FY2030 FY2031 Jun 2026 Jun 2030

Green/Sustainability-linked loans

($3,372 mil)

Medium term notes ($375 mil)

Bank facility ($366 mil)

Fixed/Hedge Expiry



Singapore Office Portfolio Performance

Singapore Office Portfolio

High Occupancies with Well-Spread Lease Expiries Committed Occupancy

As at 31 Mar 26

Lease Expiry Profile

% of Total NLA2 Comparison

Core CBD Occupancy: 95.7%1

99.1%

Suntec City Office

98.8%

One Raffles Quay

98.1%

MBFC Towers 1

& 2

98.8%

Singapore Overall

1.2%

2026 2027 2028 2029 2030 2031 &

Beyond

Vacant NLA Expiries WALE 2.4 years

Notes:

1. Source: CBRE as at 1Q 2026.

2. Based on Suntec REIT's interests in Suntec City Office, One Raffles Quay and Marina Bay Financial Centre Office Towers 1 and 2.

Suntec City Office Performance

Suntec City Office, Singapore