Acquisition of Icheon LP 6

First Korean listed company to obtain GRESB 5-star rating for two consecutive years

Successful sale of Icheon LP 1, yielding an IRR 19%

Acquistion of Incheon LP 7

Became the first Korean listed company that acquired the highest grade of 5 Stars in the real estate sector of the environmental, social, and corporate governance (ESG evaluation from Global Real Estate Sustainability Benchmark (GRESB) (7 logistics centers in subsidiary REIT No. 1)

A - Stable rating by Moody’s Korea

Icheon 7 logistics center (subsidiary REIT No. 2) - Signed a contract to transfer the status of a buyer.
Additional investment in subsidiary REIT No. 2 (2,000,000 shares of common stock)

Incorporated into the FTSE EPRA Global Nareit Developed / Developed Asia Global REIT Index as the first REIT listed in Korea

Incorporation of 4 logistics centers (subsidiary REIT No. 2) - Gimhae 2, Anseong 2, Anseong 3, Icheon 5.
Icheon 6 logistics center (subsidiary REIT No. 2) - Signed a contract to transfer the status of a reserved purchaser

Additional investment in subsidiary REIT No. 2 (79,110,200 shares of common stock).
5th paid-in capital increase common stock 69,830,000 shares / KRW 442 billion.
Incorporation of the additional equity in Yongin 3 (REF) logistics assets (14.2%)

Incorporation of the Anseong 4 logistics center (subsidiary REIT No. 2)

Additional investment in subsidiary REIT No. 2 (440,000 shares of common stock)

Global Eco-Friendly Building LEED Certification (subsidiary company, subsidiary REIT No. 1 Goyang logistics center)

Establishment of promotion (300,000 shares of common stock) of the ESR Kendall Square Asset No. 2 REIT Co., Ltd. (subsidiary REIT No. 2)

Incorporation of the equity of Yongin 3 (REF) logistics center

Incorporation of the Anseong 1 logistics center (subsidiary REIT No. 1)

Listed on Korea Stock Exchange
(365550 KOSPI)

Incorporation of the 6 logistics centers (subsidiary REIT No. 1)
- Bucheon, Goyang, Yongin 1, Icheon 2, Icheon 3, Gimhae 1

Incorporation of the 4 logistics centers (REF) - Icheon 1, Icheon 4, Yongin 2, Pyeongtaek.
4th paid-in capital increase common stock 23,600,000 shares / convertible bonds converted into shares.
3rd paid-in capital increase common stock 71,459,000 shares / KRW 357.3 billion

1st convertible bond issuance of KRW 118 billion (bondholders: CPPIB).
2nd paid-in capital increase (private equity) common stock 47,300,000 shares / KRW 48.2 billion

ESR Kendall Square Asset No. 1 REIT Co., Ltd. (subsidiary REIT No. 1) Purchase of issued shares (100,000 shares of common stock)

The Ministry of Land, Infrastructure, and Transport approved the business license of Real Estate Investment Trusts (REIT)