Cromwell European REIT - Annual Report 2021

AGM CEREIT held its third annual AGM on 27 April 2021 in a fully-virtual format, following MAS and Ministry of Health (MOH)’s COVID-19 prevention regulations. The AGM Notice to Unitholders was published on 5 April 2021, 22 days in advance of the AGM, to give Unitholders more time to register and send questions. Registered Unitholders were able to observe the AGM proceedings through a live audio-visual webcast or live audio-only stream. The Manager also provided several options for submission of questions to the Chair in advance of the AGM. The Board received valuable feedback from the Unitholders during the advance submission. All substantial and relevant questions were addressed in writing and published on SGXNet and on CEREIT’s website. AGM minutes were also published on CEREIT’s website. The Manager provided advanced voting by proxy for polling on all resolutions. Unitholders showed their support with more than 98% approval to all ordinary resolutions. Prior to the upcoming fourth Annual AGM, the Manager encourages all Unitholders to send in their questions according to the information provided in the AGM Notice of Meeting. MEDIA ENGAGEMENT In FY 2021, CEREIT was mentioned in over 260 media articles from over 45 international media outlets, comprising international wires and media, international and local property trade media, regional and local business trade media, and local titles in Asia-Pacific. This translates to a marginal 3% decrease in the media mentions when compared to the previous year, an already significant year which saw a more than 8% and 200% increase in media mentions when compared to 2019 and 2018, respectively. CEREIT has an established social media presence with a good following of CEREIT’s LinkedIn page, which has more than 1,500 followers, with close to 2,900 post engagements in total, an increase of 50% from 2020 and far surpassing relevant S-REITs peers. Half-yearly results highlights video messages from the CEO are uploaded on all appropriate platforms. Recognising the increasingly diverse offline and online media landscape, the Manager is stepping up efforts to engage not only with traditional and trade media but also with financial bloggers and other social media channels. AWARDS AND RECOGNITIONS CEREIT emerged the winner in the prestigious investor- centric Singapore Corporate Governance Award 2021 (REITs & Business Trusts category). In addition, CEREIT achieved a double recognition (EPRA sBPR Bronze Award and EPRA sBPR Most Improved Award) at the EPRA Sustainability Best Practice Recommendations Awards (sBPR) for excellence in ESG reporting in its inaugural year in submissions. In 2021, CEREIT was ranked 4 th and 8 th out of 45 REITs / Business Trusts in the GIFT and SGTI rankings respectively. DIVERSIFIED UNITHOLDER REGISTER CEREIT’s Units trade in dual Euro and Singapore Dollars currencies and this attracts the support of a diverse international mix of institutional, family office, private wealth and retail investors. The €100 million over-subscribed equity private placement to partially fund acquisitions in Italy, the Czech Republic and Slovakia brought close to 40 institutional, family office, corporate and private wealth investors with an even split between existing and new investors. The Manager’s credit markets investor engagement efforts leading up to the November 2020 €300 million inaugural bond issue and the subsequent January 2021 €200 million tap issue saw CEREIT welcoming close to 40 new top-tier global credit investors. A wide range of investors participated in the inaugural S$100 million perpetual securities issue in November 2021. CROMWELL EUROPEAN REIT 53 ANNUAL REPORT 2021