Cromwell European REIT - Annual Report 2021

Composition and Attendance Record of Meetings Composition Attendance Record of Meetings in FY 2021 Board ARC NRC AGM EGM ARC NRC SC 3 Number of Meetings Held: 12 Number of Meetings Held: 5 Number of Meetings Held: 4 Number of Meetings Held: 1 Number of Meetings Held: 1 Lim Swe Guan Member Member Member 12 out of 12 5 out of 5 4 out of 4 1 out of 1 1 out of 1 Fang Ai Lian Chair Member Member 12 out of 12 5 out of 5 4 out of 4 1 out of 1 1 out of 1 Christian Delaire Member Chair Member 12 out of 12 5 out of 5 4 out of 4 1 out of 1 1 out of 1 Michael Wilde 1 – – – 6 out of 6 N/A N/A 1 out of 1 1 out of 1 Simon Garing – – Member 12 out of 12 N/A N/A 1 out of 1 1 out of 1 Ooi Eng Peng 2 – – Chair 4 out of 4 N/A N/A N/A N/A 1 Mr Michael Wilde ceased to be a non-independent non-executive Director on 15 September 2021 2 Mr Ooi Eng Peng was appointed as non-independent non-executive Director of the Manager on 15 September 2021 3 The SC was formally established in December 2021 the matter. This principle of collective decisions adopted by the Board ensures that no individual influences or dominates the decision-making process. A Director with multiple directorships is expected to ensure that sufficient time and attention can be and is given to the affairs of the Manager in managing the assets and liabilities of CEREIT for the benefit of Unitholders. As part of its annual effectiveness review, the Board has confirmed that each Director is not “overboarded” i.e. not sitting on an excessive number of Boards. During Board meetings, non-executive Directors review the performance of Management against agreed goals and objectives and monitor the reporting of performance. During the Board meeting to discuss strategies, non- executive Directors constructively challenge and help develop proposals on these strategies. A total of 12 Board meetings, 5 ARC meetings and 4 NRC meetings were held in FY 2021. The SC did not hold any meetings in FY 2021 as it was only formally established in December 2021. A record of the Directors’ attendance at Board and Board Committees’ meetings in FY 2021 is set out below. All Directors attended all meetings in FY 2021 and all Directors voted on each resolution where applicable. The Manager believes in the manifest contributions of its Directors beyond attendance at formal Board and Board Committee meetings. To judge a Director’s contributions based on his/her attendance at formal meetings alone would not do justice to his/her overall contributions, which include being accessible to Management for guidance or exchange of views outside the formal environment of Board and Board Committees meetings. Training In view of the increasingly demanding, complex and multi-dimensional role of a director, the Board recognises the importance of ongoing training and development for its Directors so as to equip them to discharge the responsibilities of their office as Directors to the best of their abilities. The Manager has in place a training framework designed to meet the objective of having a Board which comprises competent individuals who possess up-to-date knowledge and skills necessary to discharge their responsibilities. The costs of training are borne by the Manager. Directors understand the company’s business and their fiduciary duties towards CEREIT as well as their directorship duties (including their roles as executive, non-executive and independent directors). Directors receive ongoing training in areas such as directors’ duties and responsibilities, changes to regulations and accounting standards, ethical standards and industry- related matters. Directors are also regularly updated on matters that affect or may enhance their performance as Directors or Board Committee members. Directors may contribute by highlighting relevant areas of interest. CROMWELL EUROPEAN REIT 155 ANNUAL REPORT 2021