Announcement PDF ASX announcement Growthpoint Properties Australia (ASX: GOZ) Level 18, 101 Collins Street, Melbourne VIC 3000 | P +61 (3) 8681 2900 | growthpoint.com.au Growthpoint Properties Australia Trust ARSN 120 121 002 | Growthpoint Properties Australia Limited ABN 33 124 093 901 AFSL 316409 12 October 2026 Growthpoint Properties Australia 2026 Annual General Meeting Growthpoint Properties Australia (Growthpoint) provides the following documents for the 2026 Annual General Meeting (AGM) of the shareholders of Growthpoint Properties Australia Limited and the meeting of the unitholders of Growthpoint Properties Australia Trust (collectively, the Meeting): • 2026 Notice of Meeting and Explanatory Notes; • Sample Proxy Form; and • Letter to Securityholders. The Meeting will be held in person at 10:00am (AEDT) on Wednesday, 11 November 2026 at Herbert Smith Freehills Kramer, Level 24, 80 Collins Street, Melbourne VIC 3000. The Meeting audio and presentation will be webcast live at investors.growthpoint.com.au/agm. Further information on the Meeting, including the attached Notice of Meeting is available on Growthpoint’s website at investors.growthpoint.com.au/agm. This announcement was authorised for release by Jacquee Jovanovski, Company Secretary. For further information, please contact: Alix Holston Head of Corporate Affairs and Investor Relations Telephone: +61 418 312 837 | Email: aholston@growthpoint.com.au About Growthpoint creating value beyond real estate Our vision is to create sustainable value in everything we do, by being the forward-thinking, trusted partner of choice. Since 2009, we’ve been investing in high-quality Australian real estate. Our directly owned portfolio comprises modern, high-quality, office and industrial properties. Through our funds management business, we also manage a portfolio of office, industrial and retail assets for third-party wholesale syndicates and institutional investors. We are an internally managed real estate investment trust (REIT), with a focused, passionate and agile team committed to delivering results together. We are dedicated to genuine, long-standing relationships, fostered through innovation, collaboration and the pursuit of being a great partner. We are committed to operating in a sustainable way and reducing our impact on the environment and are proud to have achieved our Net Zero Target by 1 July 2025 across our directly owned operationally controlled office assets and corporate activities. Growthpoint Properties Australia (ASX: GOZ) is listed on the ASX and is part of the S&P/ASX 300. Moody's has assigned a Baa2 domestic backed senior secured bank credit facility rating. Growthpoint Properties Australia Growthpoint Properties Australia Trust ARSN 120 121 002 Growthpoint Properties Australia Limited ABN 33 124 093 901 AFSL 316409 2026 AGM Notice of Meeting and Explanatory Notes – Meeting date: Wednesday, 11 November 2026 Meeting time: 10:00am (AEDT) Registration: 9:30am (AEDT) Location: in person at Herbert Smith Freehills Kramer, Level 24, 80 Collins Street, Melbourne VIC 3000 – If you are unable to attend the Meeting, please lodge your proxy appointment in accordance with the instructions on page 20 of the Notice of Meeting. Growthpoint Properties Australia – 2026 Notice of Meeting 2 What’s inside A message from the Chair 3 Notice of Meeting 5 Explanatory Notes 8 How to attend the Meeting 18 Information for Securityholders 19 Further information You should read this document in full. It contains important information to assist you in your voting decisions. Growthpoint Properties Australia FY26 Annual Report Investors are encouraged to read the FY26 Annual Report prior to the Meeting which can be viewed online at investors.growthpoint.com.au/results-and-reports Lodgement of proxy appointments and authorities To be valid, the proxy appointment (and any power of attorney or other original authority under which it is signed or a certified copy of it) must be received no later than 10:00am (AEDT) on Monday, 9 November 2026. Further information can be found on page 20. Growthpoint Properties Australia – 2026 Notice of Meeting 3 A message from the Chair 12 October 2026 Dear Securityholder, On behalf of the Board, I invite you to join us at the 2026 Annual General Meeting of Growthpoint Properties Australia which will comprise an Annual General Meeting of the shareholders of Growthpoint Properties Australia Limited and a meeting of the unitholders of Growthpoint Properties Australia Trust to be held concurrently at 10:00am (AEDT) on Wednesday, 11 November 2026 (Meeting). The Notice of Meeting sets out the business to be dealt with at the Meeting. You can access a copy at investors.growthpoint.com.au/agm. The items of business to be considered at the Meeting are: • Growthpoint Properties Australia’s annual reports for the financial year ended 30 June 2026 (FY26); • adoption of Growthpoint Properties Australia’s FY26 remuneration report; • re-election of Andrew Fay and Tonianne Dwyer AM as Directors of the Company; • the grant of long-term incentive performance rights to Growthpoint’s Chief Executive Officer and Managing Director (CEO), Ross Lees, which form part of his FY27 remuneration arrangements; and • the grant of the deferred equity component of the CEO’s FY26 short term incentive award, which forms part of his FY26 remuneration arrangements. Norbert Sasse has decided that he will retire from the Board at the conclusion of the Annual General Meeting. Norbert has been integral to the success of Growthpoint Properties Australia since its inception in 2009, being one of the inaugural nominee Directors of Growthpoint Properties Limited (major securityholder of Growthpoint Properties Australia). On behalf of the Board, I would like to thank him for his significant contribution and commitment to Growthpoint and wish him the very best for the future. The Board recommends that Securityholders vote in favour of each resolution to be considered at the Meeting. The Meeting will be held in person at Herbert Smith Freehills Kramer, Level 24, 80 Collins Street, Melbourne VIC 3000 and Securityholders are invited to attend the AGM in person. The Meeting audio and presentation will be webcast live at investors.growthpoint.com.au/agm. The Meeting provides a valuable opportunity for the Board to engage with Securityholders and we encourage you to submit questions in advance of the Meeting, by emailing them to investor.relations@growthpoint.com.au by 5:00pm (AEDT) on Wednesday, 4 November 2026. Please note that individual responses will not be sent to Securityholders. As the webcast is for viewing only, there will be no facility to ask questions or vote via the webcast. Andrew Fay Independent Chair and Director Growthpoint Properties Australia – 2026 Notice of Meeting 4 If you do not plan to attend the Meeting, you may appoint a proxy to attend and vote on your behalf. To be valid, your completed proxy appointment must be received by no later than 10:00am (AEDT) on Monday, 9 November 2026. Instructions on how to submit your proxy appointment are set out on page 20 of the Notice of Meeting and are available at investorvote.com.au. On behalf of the Board, I would like to thank you for your continued support of Growthpoint Properties Australia, and we look forward to your participation at our 2026 Meeting. Yours sincerely Andrew Fay Independent Chair Growthpoint Properties Australia – 2026 Notice of Meeting 5 Notice of Meeting Notice is given that the Annual General Meeting of shareholders of Growthpoint Properties Australia Limited (Company) will be held concurrently with a meeting of unitholders of Growthpoint Properties Australia Trust (Trust) (together, Growthpoint Properties Australia or Growthpoint) on Wednesday, 11 November 2026 at 10:00am (AEDT) (Meeting). To participate in the Meeting, you need to attend the venue at Herbert Smith Freehills Kramer, Level 24, 80 Collins Street, Melbourne VIC 3000. Registration will open at 9:30am (AEDT) on Wednesday, 11 November 2026 (30 minutes prior to the start of the Meeting). Securityholders should monitor the Growthpoint’s website and ASX announcements where updates will be provided if it becomes necessary or appropriate to make alternative arrangements for the holding or conduct of the Meeting. Further information is outlined in the Explanatory Notes (see page 18 – How to attend the Meeting). Items of business Item 1: Financial reports – Company and Trust To receive and consider the financial reports and the reports of the Directors and the auditors in respect of Growthpoint Properties Australia for the financial year ended 30 June 2026. Note: There is no requirement for Securityholders to approve these reports Item 2: Remuneration report – Company only To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company: “That the Remuneration Report of the Company as contained in Growthpoint Properties Australia’s Annual Report for the financial year ended 30 June 2026 be adopted.” Note: The vote on this resolution is advisory only and does not bind the Directors or the Company. A voting exclusion statement applies to this resolution. Item 3: Re-election of Directors – Company only To consider and, if thought fit, pass the following resolutions as separate ordinary resolutions of the Company: (a) “That Andrew Fay be re-elected as a Director of the Company.” (b) “That Tonianne Dwyer AM be re-elected as a Director of the Company.” Growthpoint Properties Australia – 2026 Notice of Meeting 6 Item 4: Grant of FY27 long-term incentive (LTI) performance rights to CEO – Company and Trust To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company and Trust: “That approval be given for all purposes, including ASX Listing Rule 10.14, for the grant of Performance Rights to Ross Lees as his maximum LTI opportunity for the financial year ending 30 June 2027 under the Growthpoint Properties Australia Employee Incentive Plan and on the terms set out in the Explanatory Notes.” Note: A voting exclusion statement applies to this resolution. Item 5: Grant of FY26 short term incentive (STI) performance rights to CEO – Company and Trust To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company and Trust: “That approval be given for all purposes, including ASX Listing Rule 10.14, for the grant of Performance Rights to Ross Lees as the deferred equity component of his STI award for the financial year ended 30 June 2026 under the Growthpoint Properties Australia Employee Incentive Plan and on the terms set out in the Explanatory Notes.” Note: A voting exclusion statement applies to this resolution. Further information For further information about the items of business, please refer to the Explanatory Notes and Information for Securityholders which accompany and form part of this Notice of Meeting. Voting exclusions The following voting exclusions apply in respect of voting at the Meeting. Voting exclusion statement for Item 2 The Company will disregard any votes cast on Item 2: • by, or on behalf of, a member of the key management personnel (KMP) whose remuneration is disclosed in the Company’s Remuneration Report for the year ended 30 June 2026 or their closely related parties, regardless of the capacity in which the votes are cast; or • as a proxy by a member of the KMP at the date of the Meeting or their closely related parties, unless the votes are cast as proxy for a person entitled to vote on Item 2: • in accordance with a direction on how to vote in the proxy appointment; or • by the Chair of the Meeting in accordance with an express authorisation in the proxy appointment to exercise the proxy even though the item is connected with the remuneration of the KMP. Growthpoint Properties Australia – 2026 Notice of Meeting 7 Voting exclusion statement for Items 4 and 5 Growthpoint Properties Australia will disregard any votes cast on Item 4 or Item 5: • in favour of the relevant Item by or on behalf of Ross Lees (CEO) or any of his associates, regardless of the capacity in which the vote is cast; or • as a proxy by a member of the KMP at the date of the Meeting or any of their closely related parties. However, this does not apply to a vote cast on Item 4 or Item 5 by: • a person as proxy or attorney for a person who is entitled to vote on Items 4 or 5 (as applicable), in accordance with directions given to the proxy or attorney to vote on the relevant Item in that way; • the Chair of the Meeting as proxy for a person who is entitled to vote on Items 4 or 5 (as applicable), in accordance with an express authorisation to vote on the relevant Item as the Chair of the Meeting decides; or • a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: – the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the relevant Item; and – the holder votes on the relevant Item in accordance with directions given by the beneficiary to the holder to vote in that way. By order of the Board of the Company and the responsible entity of the Trust. Jacqueline Jovanovski Company Secretary 12 October 2026 Growthpoint Properties Australia – 2026 Notice of Meeting 8 Explanatory Notes These Explanatory Notes provide Securityholders of Growthpoint Properties Australia with information in respect of the items of business to be considered at the Meeting. Securityholders should carefully review these Explanatory Notes as well as the sections ‘How to attend the Meeting’ and ‘Information for Securityholders’, which form part of the accompanying Notice of Meeting (Notice). Item 1: Financial reports – Company and Trust The Growthpoint Properties Australia FY26 Annual Report (comprising the financial report, Directors’ report and auditor’s report for the Company and the Trust) for the financial year ended 30 June 2026 (FY26) was released to the ASX, published on our website and distributed to Securityholders who have elected to receive a copy. Securityholders can access a copy of the FY26 Annual Report on Growthpoint’s website at investors.growthpoint.com.au/results-and- reports. Neither the Corporations Act 2001 (Cth) (Corporations Act) nor the constitutions of the Company or the Trust require a vote of Securityholders on the reports. However, Securityholders as a whole will be given a reasonable opportunity at the Meeting to ask questions and make comments on the financial statements and reports and the management of the Company. Securityholders will also be able to ask questions of Growthpoint’s auditor, Ernst & Young. Questions relating to content in the auditor’s report and conduct of the audit can be sent to investor.relations@growthpoint.com.au by no later than 5:00pm (AEDT) on Wednesday, 4 November 2026. Please note that individual written responses will not be sent to Securityholders. Item 2: Remuneration report – Company only The Remuneration Report for FY26 is contained in the Growthpoint Properties Australia FY26 Annual Report from pages 38 to 57 (FY26 Remuneration Report). It sets out Growthpoint’s remuneration framework, policies and practices that were in place during FY26, and details the remuneration paid to Directors and executive KMP for the year. There will be a reasonable opportunity for Securityholders at the Meeting as a whole to comment on and ask questions about the FY26 Remuneration Report. The FY26 Remuneration Report disclosed the nil vesting outcome for the relative Total Securityholder Return (TSR) performance condition of the FY24 LTI Plan, covering the performance period of 1 July 2023 to 30 June 2026. The FY26 Remuneration Report also noted that the relative return on equity (ROE) performance condition of the FY24 LTI Plan would be assessed once the required information for all the comparator group members was available and the vesting outcome would be disclosed in this 2026 AGM Notice of Meeting. The relative ROE performance condition of the FY24 LTI Plan did not meet the vesting threshold and had a nil vesting outcome. Details of vesting for the last three LTI Plans is as follows: Growthpoint Properties Australia – 2026 Notice of Meeting 9 ROE Tranche TSR Tranche Plan Growthpoint Benchmark Vesting outcome Growthpoint Percentile Vesting outcome FY22 LTI Plan (2.5%) 28.1% 0.0% (31.6%) 0.0% 0.0% FY23 LTI Plan (18.9%) 21.7% 0.0% (13.8%) 0.0% 0.0% FY24 LTI Plan (9.3%) 16.0% 0.0% (1.4%) 17.7% 0.0% Securityholders are being asked to vote on the adoption of the FY26 Remuneration Report (Item 2) in accordance with the Corporations Act. The vote is advisory only and will not bind the Directors or the Company, however, the Board will take the outcome of the vote into consideration when reviewing remuneration practices and policies. A voting exclusion statement applies to this resolution, as set out in the Notice. The Board unanimously recommends that Securityholders vote in favour of adopting the FY26 Remuneration Report. Item 3: Re-election of Directors – Company only Under rule 11.1(d) of the Company's Constitution, three Directors must retire from office at this year’s Meeting and are eligible to stand for re-election. In addition, under rule 11.1(e), a Director (other than the Managing Director) may not hold office beyond the third Annual General Meeting following the meeting at which they were last elected or re-elected without seeking re-election. Norbert Sasse was due to stand for re-election at the Meeting under rule 11.1(e), having been last re-elected in 2023. As outlined earlier in the Chair’s letter, Mr Sasse has advised that he will retire from the Board with effect from the conclusion of the Meeting and will not stand for re- election. Andrew Fay was last re-elected at the 2023 Annual General Meeting and, in accordance with rule 11.1(e), retires and stands for re-election as a Director of the Company at the Meeting. In accordance with rule 11.1(d), Tonianne Dwyer AM, who was elected at the 2024 Annual General Meeting, will also retire and stand for re-election. Biographical details of each Director and the Board's recommendation in respect of their re- election are set out below. Andrew Fay, BAgEc (Hons), A Fin Andrew was appointed as a Director of the Board in December 2022 and Chair in March 2023. Andrew is an experienced company director across ASX listed, private and regulated entities. He has over 35 years’ experience in financial services, including investments, funds, property, and infrastructure management. Senior executive roles included Chief Executive Officer and Chief Investment Officer of Deutsche Asset Management (Australia) as well as Regional Chief Investment Officer (Asia Pacific) for the broader Deutsche Asset Management group. Andrew is currently the Chair of Utilities of Australia Pty Limited (Trustee of Utilities Trust of Australia) and a Non-Executive Director of Integral Diagnostics Limited and National Cardiac Pty Limited. Growthpoint Properties Australia – 2026 Notice of Meeting 10 Andrew was formerly a Non-Executive Director of Pendal Group Limited, Spark Infrastructure RE Limited, South Australian and Victorian Power Networks, Gateway Lifestyle Group, Deputy Chair of Cromwell Property Group and an alternate Director for Dexus Property Group. The Board considers Andrew to be an independent Director. In recommending his re-election, the Board recognises Andrew’s extensive board experience across listed, private and regulated entities, combined with his deep understanding of investment management and governance, contributing significantly to the Board's effectiveness. The Board considers that Andrew's skills, experience and leadership continue to complement the Board's composition and support Growthpoint's long-term objectives and accordingly recommends his re-election as a Director. Andrew has confirmed that he has sufficient time to meet his responsibilities as a Director of the Company if re-elected. The Board (with Andrew Fay abstaining) unanimously supports, and recommends that Securityholders vote in favour of, the re-election of Andrew Fay. Tonianne Dwyer AM, BJuris (Hons), LLB (Hons), FAICD Tonianne was appointed as a Director of the Board in September 2024. Tonianne has over 25 years of extensive executive experience across real estate, funds management, investment banking and corporate strategy across a variety of sectors and international markets and is an experienced non-executive company director. She has held senior management roles with Hambros Bank Limited, Société Generale and Quintain Estates & Development in the UK. Tonianne is currently a non-executive Director of AUB Group Limited and Dyno Nobel Limited, the Deputy Chancellor and member of the Senate of the University of Queensland, and a director of the Sir John Monash Foundation. She is also a Fellow and member of the Queensland Division Council of the Australian Institute of Company Directors, a member of the Takeovers Panel and a member of Chief Executive Women. Tonianne was formerly a non-executive Director of ALS Limited, OZ Minerals Limited, DEXUS Property Group, DEXUS Wholesale Property Fund, Metcash Limited, Cardno Limited and Queensland Treasury Corporation. Tonianne is a member of the Audit, Risk and Compliance Committee and the Nomination, Remuneration and HR Committee. The Board considers Tonianne to be an independent Director. In recommending her re-election, the Board recognises Tonianne’s extensive non-executive director experience across a range of industries and the diverse skill set she brings to the Board, including experience in funds management, investment banking, corporate strategy, finance and governance and risk. Tonianne has confirmed that she has sufficient time to meet her responsibilities as a Director of the Company if re-elected. The Board (with Tonianne Dwyer AM abstaining) unanimously supports, and recommends that Securityholders vote in favour of, the re-election of Tonianne Dwyer AM. Growthpoint Properties Australia – 2026 Notice of Meeting 11 Items 4 and 5: Grant of performance rights to CEO – Company and Trust Remuneration arrangements for the CEO Listing Rule 10.15.4 requires this Notice to include details (including the amount) of Ross Lees’ current total remuneration package. Ross’ remuneration arrangements for the financial year ending 30 June 2027 (FY27) are: Total annual fixed remuneration (TFR) $1,009,000 Inclusive of base salary and superannuation. Maximum long-term incentive (LTI) opportunity $1,009,000 (100% of TFR) Comprises a grant of 480,476 LTI Performance Rights which are subject to a 3-year performance period and achievement against the Performance Conditions and other conditions outlined on pages 12 – 15 (and for which Securityholder approval is sought as part of Item 4) (FY27 LTI Performance Rights). Maximum short-term incentive (STI) opportunity $1,109,953 (110% of TFR) The STI award is payable in two thirds cash and one third deferred equity. The FY27 STI opportunity is subject to achievement of performance measures set by the Board, assessed after the FY27 financial year end. An overview of the performance measures is outlined in the FY26 Remuneration Report. Total maximum remuneration opportunity $3,127,953 Approval sought from Securityholders ASX Listing Rule 10.14 requires a listed entity to obtain the approval of the holders of its ordinary securities before it issues any equity securities under an employee incentive scheme to a director or an associate of a director. Growthpoint is seeking Securityholder approval in accordance with ASX Listing Rule 10.14 for the grant of Performance Rights under Items 4 and 5 to Ross Lees (CEO) under the Growthpoint Properties Australia Employee Incentive Plan (Plan) and on the terms set out below. The proposed grant of Performance Rights to Ross Lees, a director of the Company, falls within ASX Listing Rule 10.14.1 and, therefore, requires the approval of Securityholders under ASX Listing Rule 10.14. Each Performance Right entitles Ross Lees to one Growthpoint ordinary stapled security (Stapled Security) on vesting. Growthpoint may issue new Stapled Securities or acquire Stapled Securities on market to satisfy Performance Rights which vest under the Plan. The Board retains a discretion to make an equivalent cash payment in lieu of an allocation of Stapled Securities. Growthpoint Properties Australia – 2026 Notice of Meeting 12 Growthpoint grants Performance Rights under the Plan because they create alignment between the interests of Ross Lees and Securityholders but do not provide him with the full benefits of Stapled Security ownership unless and until the Performance Rights vest. The Board accordingly recommends that Securityholders approve the grant of Ross Lees’ Performance Rights. Item 4: Key terms of the CEO’s FY27 LTI Performance Rights The Nomination, Remuneration and HR Committee has adjusted the terms of the FY27 LTI performance rights under Growthpoint’s remuneration framework to: • increase the relative TSR and absolute ROE performance measure weightings to 40% each (previously 33.33%); and • replace the average growth in FFO per security measure with an absolute third-party funds under management (FUM) measure weighted at 20%, reflecting the increasing strategic importance of Growthpoint's funds management business and aligning executive incentives with its long-term growth objectives. This item seeks advance approval of the CEO’s FY27 LTI Performance Rights opportunity. Key terms of the grant of these LTI Performance Rights are as follows: Maximum Entitlement Ross Lees has a maximum LTI opportunity of $1,009,000 in respect of FY27, representing 100% of his FY27 TFR. Number of Performance Rights 480,476 LTI Performance Rights, which has been determined by dividing Ross Lees’ maximum entitlement by the volume weighted average price (VWAP) of Stapled Securities traded on the ASX calculated for the first 10 trading days after the FY26 full year results release ($2.10), rounded down to the nearest whole Performance Right. Performance Period 1 July 2026 to 30 June 2029. Performance Conditions Vesting of the FY27 LTI Performance Rights is subject to three Performance Conditions based on relative TSR, ROE and third party FUM measure. TSR Performance Condition – 40% weighting (TSR Component) TSR is defined as being the amount of dividends/distributions paid/payable by Growthpoint during the Performance Period and the change in the price at which Stapled Securities are traded between the beginning and the end of the Performance Period. Growthpoint Properties Australia – 2026 Notice of Meeting 13 Performance Conditions (cont.) Growthpoint’s TSR will be assessed against a basket of twelve comparable A- REITs (TSR Comparator Group)1 , being those with a focus on similar segments of the market to Growthpoint. Consistent with the performance conditions of the CEO’s performance rights in FY26, these are: • Charter Hall Long WALE REIT (ASX:CLW) • Region Group (ASX:RGN) • HomeCo Daily Needs REIT (HDN) • Charter Hall Retail REIT (ASX:CQR) • Centuria Industrial REIT (ASX:CIP) • Abacus Group (ASX:ABG) • Dexus Industria REIT (ASX:DXI) • Centuria Office REIT (ASX:COF) • Cromwell Property Group (ASX:CMW) • GDI Property Group (ASX:GDI) • Dexus (ASX:DXS) • GPT Group (ASX:GPT) The proportion of LTI Performance Rights comprising the TSR Component that vest, if any, will be based on the following vesting schedule Growthpoint’s TSR rank in the TSR Comparator Group at the end of the Performance Period % of TSR Component that vests Below the 50th percentile Nil At the 50th percentile 50% Between 50th and 75th percentile Straight line pro rata vesting between 50% and 100% (i.e. plus 2% for each percentile above the 50th percentile) At or above 75th percentile 100% ROE Performance Condition – 40% weighting (ROE Component) ROE measures the total return on equity employed and accounts for both capital appreciation of the assets of Growthpoint and cash distributions of income. The return will be calculated on the starting net tangible assets (NTA) per Stapled Security and includes the change in NTA per Stapled Security over the Performance Period plus the distributions made as a return on the starting NTA per Stapled Security. 1 The Board has the discretion to adjust the comparator group to account for events including, but not limited to, de-listings, takeovers, and mergers or de-mergers that might occur during the performance period, or where it is no longer meaningful to include a company within the comparator group. Growthpoint Properties Australia – 2026 Notice of Meeting 14 Performance Conditions (cont.) The proportion of LTI Performance Rights comprising the ROE Component that vest, if any, will be based on the following vesting schedule: Growthpoint’s ROE performance % of ROE Component that vests Below threshold (<7% p.a.) Nil Threshold (7% p.a.) 50% Between threshold and maximum (7% -10% p.a.) Straight line pro rata vesting between 50% and 100% Maximum (10% p.a. or greater) 100% Third-Party Funds Under Management (FUM) Performance Condition – 20% weighting (Third-Party FUM Component) Third-party FUM is a measure of the value of assets managed on behalf of external investors through Growthpoint's funds management platform. This performance condition measures the third-party FUM at the end of the Performance Period and excludes capital invested by Growthpoint. This provides a measure of Growthpoint's success in attracting and retaining external investor capital and growing its funds management business over the long term. In setting the performance targets, the Board considered the maturity profile of existing funds during the Performance Period. Th