Frasers Logistics & Commercial Trust's Frasers Park Egelsbach at the heart of the Frankfurt/Rhine-Main metropolitan region in Germany is designed to meet market-leading sustainability benchmarks such as DGNB Gold and BREEAM. The development of the project involved re-naturalisation of the course of a stream and the building of new habitats for local fauna. The property also includes newly laid-out bike paths to encourage an active lifestyle for occupants.

• Highest ever haul of sector leadership positions since participation in GRESB begun in 2012
• Seven business entities awarded 5-star ratings in the Standing Investments and Development benchmarks

SINGAPORE, 24 OCTOBER 2024

Frasers Property Limited ("Frasers Property", and together with its subsidiaries, the "Group"), today announced its GRESB 2024 results, which recognised the top sustainability performance of its business units with six global and regional sector leadership positions. In spite of methodology changes1 to the GRESB 2024 Real Estate Benchmark, seven business entities achieved 5-star ratings across the Standing Investments and Development benchmarks, placing them among the top 20% of GRESB-rated entities. They are: Frasers Property Singapore, Frasers Property Industrial's Australia portfolio, Frasers Property Australia, Frasers Hospitality, Frasers Property UK, Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust.

As an affirmation of Frasers Property's ongoing commitment to improve the overall Environment, Social and Governance (ESG) performance of its portfolio, the Group garnered the following global and regional sector leadership recognitions from GRESB.

NOTE: Please refer to the ANNEX for the breakdown of ratings and scores by all participating Frasers Property business entities.

Wanshi Zheng, Group Chief Strategy & Sustainability Officer, Frasers Property Limited, said, "Frasers Property's overall results in the annual GRESB assessment and recognition of several of our businesses as global and regional sector leaders are a testament to our efforts across the Group in enhancing our sustainability performance. We continue to strive to do better and build on past progress made. As we make further headway on our sustainability journey, greater learning and collaboration as well as innovation and technology will play an important role in driving portfolio resilience that delivers better long-term value for our stakeholders."

On the Standing Investments benchmark, both Frasers Hospitality and Frasers Property UK achieved 5-star ratings for the first time, contributed by significant improvements in data quality and enhanced sustainability initiatives. Frasers Property Singapore,
Frasers Property Australia, Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust maintained their 5-star ratings.

On the Development benchmark, Frasers Property Australia and Frasers Property Industrial's Australia portfolio both maintained their 5-star rating. Frasers Property Singapore recorded a significant improvement, jumping from 2-star to a 4-star rating, primarily driven by stronger performance in green building certifications and solar panel systems installed.

"The results of this year's GRESB Assessments are a testament to the progress being made across the sector. We are encouraged by the strong commitment and efforts from leading multinational real estate companies such as Frasers Property that contribute towards a greener and sustainable built environment," shared Sebastien Roussotte, CEO of GRESB.

As a globally recognised industry benchmark, GRESB2 remains an important indicator of Frasers Property's ESG performance relative to its peers. This is the fourth consecutive year that all listed and non-listed business units of Frasers Property including its five REITs,
have participated in GRESB for targeted sector benchmarking, which has enabled the Group to continuously strive to build on successive years' performance across geographies and asset classes.

Building momentum on ESG, in line with our commitment to be a net-zero carbon corporation by 2050

In FY2023, Frasers Property unveiled its refreshed Group ESG Goals to further align its commitments with evolving international sustainability standards. To enable greater visibility and transparency around its ESG disclosures, Frasers Property released its inaugural ESG Databook and its accompanying Basis of Preparation, which sets out the foundation of our carbon accounting methodology, scope and assumptions.

The Group has also conducted a high-level preliminary nature scan in FY24 of material nature impacts, dependencies, risks and opportunities, having identified biodiversity as a material focus area for Frasers Property. With these insights, the Group is in the process of developing an internal TNFD-aligned Nature Framework to guide nature-related disclosures in future.

Most recently, Frasers Property also received the Most Transparent Company Award 2024 (Real Estate) at the Securities Investors Association (Singapore) Investors' Choice Awards 2024, a testament to its strong corporate governance practices and timely, transparent disclosures.

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2 Frasers Property first participated in GRESB assessments in Australia under Australand in 2012