Purpose and values

Remarks
DAILY UNIT BUYBACK NOTICE

Remarks
DAILY UNIT BUYBACK NOTICE

Remarks

Remarks
Vesting of units to SEM employees under the SEM Performance Unit Plan.

Immediately after the transaction

No. of ordinary voting shares/units held: 1667183 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.30000000 (Direct Interest); 0.00000000 (Deemed Interest)

Unitholdings percentages immediately before and after the change in interest are calculated on the basis of 562,392,116 issued units in SERT. In this notice, figures are rounded down to the nearest 0.01%, and any discrepancies in aggregated figures are due to rounding.

Remarks
Vesting of share awards

Immediately after the transaction

No. of ordinary voting shares/units held: 315479 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.06000000 (Direct Interest); 0.00000000 (Deemed Interest)

No. of rights/options/warrants held: 495,866

Unitholdings percentages immediately before and after the transaction as shown are calculated based on 562,392,116 issued units in SERT. In this notice, figures are rounded down to the nearest 0.01%, and any discrepancies in aggregated figures are due to rounding.

The SEM PUP unit awards immediately before the transaction as shown reflects the PUP unit awards eligible for vesting at that time.

The SEM PUP unit awards immediately after the transaction as shown includes (i) SEM PUP of 291,681, and (ii) SEM 2026 Retention Unit Plan (RUP) of 204,185.

Remarks
Acceptance of employee share options/share awards

Immediately after the transaction

No. of rights/options/warrants held: 635,559

The SEM PUP unit awards immediately after the transaction as shown includes (i) SEM PUP of 431,374 and (ii) SEM 2026 Retention Unit Plan (RUP) of 204,185.

Remarks
Acquisition of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 154448839 (Direct Interest); 1784861 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 27.50000000 (Direct Interest); 0.30000000 (Deemed Interest)

Please refer to section 13. On 22 May 2024, a conditional sale agreement ("SPA") was entered into between, amongst others, Stoneweg Global Platform SCSp ("CEREIT Purchaser") and Stoneweg Management S.A. ("Platform Purchaser") as purchasers and Cromwell Corporation Limited as seller with respect to, amongst others, certain units in Cromwell European Real Estate Investment Trust ("Units"). Pursuant to the SPA: (i) the CEREIT Purchaser has agreed to purchase 153,886,856 Units ("CSH's CEREIT Units") from Cromwell Singapore Holdings Pte Ltd and 561,983 ("CEHL's CEREIT Units") Units from Cromwell CEREIT Holdings Ltd; and (ii) the Platform Purchaser had agreed to purchase all ordinary shares in the share capital of Cromwell EREIT Management Pte. Ltd. ("CEM"), and therefore indirectly acquire all 1,784,861 Units ("CEM's CEREIT Units") held by CEM, completion under the SPA is subject to conditions precedent. The Platform Purchaser is a wholly-owned subsidiary of Stoneweg Holding SCA, which is in turn a wholly-owned subsidiary of the CEREIT Purchaser. Therefore, the CEREIT Purchaser will indirectly acquire and hold CEM's CEREIT Units following completion of the SPA. The completion of the SPA took place on 24 December 2024, the CEREIT Purchaser had acquired direct interest in CSH's CEREIT Units and CEHL's CEREIT Units, and indirect interest in CEM's CEREIT Units. Accordingly, the CEREIT Purchaser's total direct interest in Cromwell European Real Estate Investment Trust is 154,448,839 Units and the CEREIT Purchaser's indirect interest in Cromwell European Real Estate Investment Trust is 1,784,861 Units.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): EUR 223,295,897

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

CSHPL is a wholly-owned subsidiary of CDPT Finance No.2 Pty Ltd, which is in turn a wholly-owned subsidiary of Cromwell BT Pty Ltd (as custodian (aka bare trustee) for Cromwell Property Securities Limited as responsible entity for Cromwell Diversified Property Trust ("CDPT")). CDPT is part of Cromwell Property Group which is a stapled group comprising Cromwell Corporation Limited and CDPT. Accordingly CDPT Finance No.2 Pty Ltd is deemed to be interested in CSHPL's interest in the CEREIT units.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): EUR 224,111,357

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Cromwell Singapore Holdings Pte. Ltd. ("CHSPL") has disposed of the 153,886,856 CEREIT units that it holds. CHSPL is a wholly owned-subsidiary of CDPT Finance No.2 Pty Ltd, which is in turn a wholly-owned subsidiary of Cromwell BT Pty Ltd (as custodian (aka bare trustee) for Cromwell Property Securities Limited as responsible entity for Cromwell Diversified Property Trust ("CDPT"). CDPT is part of Cromwell Property Group which is a stapled group comprising Cromwell Corporation Limited and CDPT. Accordingly Cromwell Property Group is deemed to be interested in CHSPL's interests in the CEREIT units.

Cromwell CEREIT Holdings Limited which has disposed of the 561,983 CEREIT units that it holds is a wholly owned subsidiary of Cromwell Europe Limited, which in turn is a wholly owned subsidiary of Cromwell Corporation Limited.

Cromwell Corporation Limited has disposed of all the shares it holds in Cromwell EREIT Management Pte. Ltd. (the "Manager") which holds 1,784,861 CEREIT units.

As such Cromwell Property Group was also deemed interested in Cromwell Corporation Limited's deemed interests in the 1,784,861 CEREIT units held by the Manager and the 561,983 CEREIT units formerly held by Cromwell CEREIT Holdings Limited.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): EUR 223,295,897

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

CSHPL is a wholly-owned subsidiary of CDPT Finance No.2 Pty Ltd, which is in turn a wholly-owned subsidiary of Cromwell BT Pty Ltd (as custodian (aka bare trustee) for Cromwell Property Securities Limited as responsible entity for Cromwell Diversified Property Trust ("CDPT")). CDPT is part of Cromwell Property Group which is a stapled group comprising Cromwell Corporation Limited and CDPT. Accordingly Cromwell Property Securities Limited is deemed to be interested in CSHPL's interest in the CEREIT units.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): EUR 223,295,897

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

CSHPL is a wholly-owned subsidiary of CDPT Finance No.2 Pty Ltd, which is in turn a wholly-owned subsidiary of Cromwell BT Pty Ltd (as custodian (aka bare trustee) for Cromwell Property Securities Limited as responsible entity for Cromwell Diversified Property Trust ("CDPT")). CDPT is part of Cromwell Property Group which is a stapled group comprising Cromwell Corporation Limited and CDPT.

Remarks
Acceptance of employee share options/share awards

Immediately after the transaction

No. of rights/options/warrants held: 643,311

Remarks
Changes in deemed interest in CEREIT Units following completion of an internal re-organisation.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

As part of an internal reorganisation, Icona Asia Pacific Holding Pte. Ltd. has acquired at least 20% of the interest in ICG (f.k.a. Icona Capital Group S.a.r.l.).

(1) As notified to SGX previously (notification) on 27 May 2024, Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described of Part III for Substantial Shareholder/Unitholder A in such prior notification ("notification (27 May))".
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) SW Participation S.A. ("SWPSA") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) Icona Swiss Holding S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(6) ICG (f.k.a. Icona Captial Group S.a.r.l) owns at least 20% of Icona Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Icona Asia Pacific Holding Pte. Ltd. owns at least 20% of ICG and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) For completeness, Max-Herve George (who was identified as a substantial unitholder in notification (27 May)) owns at least 20% of Icona Asia Pacific Holding Pte. Ltd.

Remarks
Changes in deemed interest in CEREIT Units following completion of an internal re-organisation.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

As notified to SGX previously (notification) on 27 May 2024 , Icona Capital Fund, for & o/b/o its sub-fund,Multi-Strategies (Luxemburg SICAV-RAIF) acquired a deemed interest in 156,233,700 Units in CEREIT in connection with a conditional sale agreement ("SPA") entered into on 22 May 2024 between, amongst others, Stoneweg Global Platform SCSp ("CEREIT Purchaser") and Stoneweg Management S.A. ("Platform Purchaser") as purchasers and Cromwell Corporation Limited as seller with respect to, amongst others, certain units in Cromwell European Real Estate Investment Trust ("Units"). Please refer to such prior notification for further details.

(1) As notified to SGX previously (notification) on 27 May 2024, Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units").
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) SW Participation S.A. ("SWPSA") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) Icona Swiss Holding S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(6) ICG (f.k.a. Icona Captial Group S.a.r.l) owns at least 20% of Icona Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) ceased to own at least 20% of ICG (f.k.a. Icona Captial Group S.a.r.l) and therefore ceased to have any deemed interest in the CEREIT Units.

Remarks
Changes in deemed interest in CEREIT Units following completion of an internal re-organisation.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

As part of an internal reorganisation, I.B.H. SA has acquired at least 20% of the interest in CBH Holding S.A.

(1) As notified to SGX previously (notification) on 27 May 2024, Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described of Part III for Substantial Shareholder/Unitholder A in such prior notification ("notification (27 May)").
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) SW Participation S.A. ("SWPSA") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) CBH Compagnie Bancaire Helvetique S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(6) CBH Holding S.A. owns at least 20% of CBH Compagnie Bancaire Helvetique S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) I.B.H. SA owns at least 20% of CBH Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) For completeness, Max-Herve George (who was identified as a substantial unitholder in notification (27 May)) owns at least 20% of I.B.H. SA.

Remarks
Type of securities which are subject of the transaction This is to update description information related to Mr Andrew L. Tan's interests in Hillsboro Capital, Ltd. and Worldwide Property Financing Limited. There have been no transactions concerning the change of voting units of CEREIT. We would like to update the ownership percentage of Mr Andrew L. Tan, as a substantial shareholder of both Hillsboro Capital, Ltd. and Worldwide Property Financing Limited. Hillsboro Capital, Ltd. and Worldwide Property Financing Limited are unitholders of Cromwell European REIT, directly owning 39,456,460 units, and 1,754,000 units in Cromwell European REIT, respectively. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 41210460 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 7.32770000 (Deemed Interest)

Mr Andrew L. Tan is a substantial shareholder of the holding entities Hillsboro Capital, Ltd. (owning actual 36.4% economic beneficial interest) and Worldwide Property Financing Limited (owning actual 40% economic beneficial interest) . Under Section 4(5) of the SFA, Mr Andrew L. Tan's deemed interest is 100%. Hillsboro Capital, Ltd. directly owns 39,456,460 units, representing 7.0158% unitholding in Cromwell European REIT, and Worldwide Property Financing Limited directly owns 1,754,000 units, representing 0.3119% unitholding in Cromwell European REIT. Accordingly, Mr Andrew L. Tan's effective beneficial interest in units of Cromwell European REIT is 2.679%.

Remarks
As part of an internal reorganization, 26 Investments S.A. has been replaced by Stoneweg International S.A. as the sole general partner for 3J Holding I SCSp effective 30 May 2024.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

As notified to SGX previously on 27 May 2024 , 26 Investments S.A. acquired a deemed interest in 156,233,700 Units in CEREIT in connection with a conditional sale agreement ("SPA") entered into on 22 May 2024 between, amongst others, Stoneweg Global Platform SCSp ("CEREIT Purchaser") and Stoneweg Management S.A. ("Platform Purchaser") as purchasers and Cromwell Corporation Limited as seller with respect to, amongst others, certain units in Cromwell European Real Estate Investment Trust ("Units"). Please refer to such prior notification for further details.

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units").
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. was the sole general partner of 3 J Holding I SCSp and therefore had deemed interest in the CEREIT Units pursuant to the SFA. On 30 May 2024, 26 Investments S.A. ceased to be the general partner of 3 J Holding I SCSp and therefore ceased to have any deemed interest in the CEREIT Units.

Remarks
As part of an internal reorganization, 26 Investments S.A. has been replaced by Stoneweg International S.A. as the sole general partner for 3J Holding I SCSp effective 30 May 2024.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

As notified to SGX previously on 27 May 2024 , Jean-Pierre Verlaine acquired a deemed interest in 156,233,700 Units in CEREIT in connection with a conditional sale agreement ("SPA") entered into on 22 May 2024 between, amongst others, Stoneweg Global Platform SCSp ("CEREIT Purchaser") and Stoneweg Management S.A. ("Platform Purchaser") as purchasers and Cromwell Corporation Limited as seller with respect to, amongst others, certain units in Cromwell European Real Estate Investment Trust ("Units"). Please refer to such prior notification for further details.

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units").
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. was the sole general partner of 3 J Holding I SCSp and therefore had deemed interest in the CEREIT Units pursuant to the SFA. On 30 May 2024, 26 Investments S.A. ceased to be the general partner of 3 J Holding I SCSp and therefore ceased to have any deemed interest in the CEREIT Units.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore had deemed interest in the CEREIT Units pursuant to the SFA. As a result of 26 Investments S.A. ceasing to be have a deemed interest in 3 J Holding I SCSp, Jean-Pierre Verlaine also ceased to have any deemed interest in the CEREIT Units.

Remarks
As part of an internal reorganization, 26 Investments S.A. has been replaced by Stoneweg International S.A. as the sole general partner for 3J Holding I SCSp effective 30 May 2024.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

As part of an internal reorganization, 26 Investments S.A. has been replaced by Stoneweg International S.A. as the sole general partner for 3 J Holding I SCSp effective 30 May 2024.

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units").
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) Stoneweg International S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jauma Sabater Martos (who is an existing substantial unitholder of CEREIT having deemed interest in the CEREIT Units) owns at least 20% of Stoneweg International S.A. Please refer to the notification filed on 27 May 2024 for details of such deemed interest.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(9) Doblel Triplej Swiss Holding S.A. owns at least 20% of PRES. Therefore, it has deemed interest in the CEREIT Units pursuant to the SFA.
(10) Joaquin Castellvi Lopez owns at least 20% of Doblel Triplej Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(11) SW Participation S.A. ("SWPSA") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(12) Icona Swiss Holding S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(13) Icona Captial Group S.a.r.l owns at least 20% of Icona Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(14) Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) owns at least 20% of Icona Captial Group S.a.r.l and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(15) Max-Herve George owns at least 20% of Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(16) CBH Compagnie Bancaire Helvetique S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(9) Doblel Triplej Swiss Holding S.A. owns at least 20% of PRES. Therefore, it has deemed interest in the CEREIT Units pursuant to the SFA.
(10) Joaquin Castellvi Lopez owns at least 20% of Doblel Triplej Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(11) SW Participation S.A. ("SWPSA") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(12) Icona Swiss Holding S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(13) Icona Captial Group S.a.r.l owns at least 20% of Icona Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(14) Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) owns at least 20% of Icona Captial Group S.a.r.l and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(15) Max-Herve George owns at least 20% of Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(16) CBH Compagnie Bancaire Helvetique S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(17) CBH Holding S.A. owns at least 20% of CBH Compagnie Bancaire Helvetique S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(9) Doblel Triplej Swiss Holding S.A. owns at least 20% of PRES. Therefore, it has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore,JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(9) Doblel Triplej Swiss Holding S.A. owns at least 20% of PRES. Therefore, it has deemed interest in the CEREIT Units pursuant to the SFA.
(10) Joaquin Castellvi Lopez owns at least 20% of Doblel Triplej Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(11) SW Participation S.A. ("SWPSA") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(12) Icona Swiss Holding S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(13) Icona Captial Group S.a.r.l owns at least 20% of Icona Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(14) Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) owns at least 20% of Icona Captial Group S.a.r.l and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(15) Max-Herve George owns at least 20% of Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(16) CBH Compagnie Bancaire Helvetique S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(17) CBH Holding S.A. owns at least 20% of CBH Compagnie Bancaire Helvetique S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(18) Mycol Benhamou Namdar owns at least 20% of CBH Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(19) Engelwood Asset Management S.A. is the fund manager of SGPS, regulated and authorized by the Commission de Surveillance du Secteur Financier of Luxembourg to serve as the "alternative investment fund manager" of an alternative investment fund under the applicable law in Luxembourg. Since Engelwood Asset Management S.A. is the fund manager of SGPS, it has a deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(9) Doblel Triplej Swiss Holding S.A. owns at least 20% of PRES. Therefore, it has deemed interest in the CEREIT Units pursuant to the SFA.
(10) Joaquin Castellvi Lopez owns at least 20% of Doblel Triplej Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(11) SW Participation S.A. ("SWPSA") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(12) Icona Swiss Holding S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(13) Icona Captial Group S.a.r.l owns at least 20% of Icona Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(14) Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) owns at least 20% of Icona Captial Group S.a.r.l and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(9) Doblel Triplej Swiss Holding S.A. owns at least 20% of PRES. Therefore, it has deemed interest in the CEREIT Units pursuant to the SFA.
(10) Joaquin Castellvi Lopez owns at least 20% of Doblel Triplej Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(11) SW Participation S.A. ("SWPSA") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(12) Icona Swiss Holding S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(13) Icona Captial Group S.a.r.l owns at least 20% of Icona Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(9) Doblel Triplej Swiss Holding S.A. owns at least 20% of PRES. Therefore, it has deemed interest in the CEREIT Units pursuant to the SFA.
(10) Joaquin Castellvi Lopez owns at least 20% of Doblel Triplej Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(11) SW Participation S.A. ("SWPSA") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(12) Icona Swiss Holding S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(9) Doblel Triplej Swiss Holding S.A. owns at least 20% of PRES. Therefore, it has deemed interest in the CEREIT Units pursuant to the SFA.
(10) Joaquin Castellvi Lopez owns at least 20% of Doblel Triplej Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(9) Doblel Triplej Swiss Holding S.A. owns at least 20% of PRES. Therefore, it has deemed interest in the CEREIT Units pursuant to the SFA.
(10) Joaquin Castellvi Lopez owns at least 20% of Doblel Triplej Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(11) SW Participation S.A. ("SWPSA") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(12) Icona Swiss Holding S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(13) Icona Captial Group S.a.r.l owns at least 20% of Icona Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(14) Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) owns at least 20% of Icona Captial Group S.a.r.l and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(15) Max-Herve George owns at least 20% of Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(9) Doblel Triplej Swiss Holding S.A. owns at least 20% of PRES. Therefore, it has deemed interest in the CEREIT Units pursuant to the SFA.
(10) Joaquin Castellvi Lopez owns at least 20% of Doblel Triplej Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(11) SW Participation S.A. ("SWPSA") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(12) Icona Swiss Holding S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(13) Icona Captial Group S.a.r.l owns at least 20% of Icona Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(14) Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) owns at least 20% of Icona Captial Group S.a.r.l and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(15) Max-Herve George owns at least 20% of Icona Capital Fund (for and on behalf of its sub-fund, Multi-Strategies (Luxembourg SICAV-RAIF)) and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(16) CBH Compagnie Bancaire Helvetique S.A. owns at least 20% of SWPSA and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(17) CBH Holding S.A. owns at least 20% of CBH Compagnie Bancaire Helvetique S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(18) Mycol Benhamou Namdar owns at least 20% of CBH Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(4) Philae Real Estate S.A. ("PRES") owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(5) JSM Holding S.A. owns at least 20% of PRES, including an indirect ownership through its interest of at least 20% in 3 J Holding I SCSp, which in turn owns at least 20% in Fromenteau Holding S.A., which finally holds at least 20% of PRES. Therefore, JSM Holding S.A., 3 J Holding I SCSp and Fromenteau Holding S.A. have deemed interest in the CEREIT Units pursuant to the SFA.
(6) 26 Investments S.A. is the sole general partner of 3 J Holding I SCSp and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(7) Jean-Pierre Verlaine owns at least 20% of 26 Investments S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(8) Jauma Sabater Martos owns at least 20% of JSM Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(9) Doblel Triplej Swiss Holding S.A. owns at least 20% of PRES. Therefore, it has deemed interest in the CEREIT Units pursuant to the SFA.
(10) Joaquin Castellvi Lopez owns at least 20% of Doblel Triplej Swiss Holding S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.
(11) SW Participation S.A. owns at least 20% of Stoneweg S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

On 22 May 2024, a conditional sale agreement ("SPA") was entered into between, amongst others, Stoneweg Global Platform SCSp ("CEREIT Purchaser") and Stoneweg Management S.A. ("Platform Purchaser") as purchasers and Cromwell Corporation Limited as seller with respect to, amongst others, certain units in Cromwell European Real Estate Investment Trust ("Units").

Pursuant to the SPA: (i) the CEREIT Purchaser has agreed to purchase 153,886,856 Units ("CSH's CEREIT Units") from Cromwell Singapore Holdings Pte Ltd and 561,983 ("CEHL's CEREIT Units") Units from Cromwell CEREIT Holdings Ltd; and (ii) the Platform Purchaser had agreed to purchase all ordinary shares in the share capital of Cromwell EREIT Management Pte. Ltd. ("CEM"), and therefore indirectly acquire all 1,784,861 Units ("CEM's CEREIT Units") held by CEM, completion under the SPA is subject to conditions precedent. The Platform Purchaser is a wholly-owned subsidiary of Stoneweg Holding S.A., which is in turn a wholly-owned subsidiary of the CEREIT Purchaser. Therefore, the CEREIT Purchaser will indirectly acquire and hold CEM's CEREIT Units following completion of the SPA.

Pending completion of the SPA which has not yet taken place, the CEREIT Purchaser is, pursuant to Section 4(7) of the Securities and Futures Act 2001 deemed to have an interest in CSH's CEREIT Units, CEHL's CEREIT Units and CEM's CEREIT Units. Accordingly, the CEREIT Purchaser's total deemed interest in Cromwell European Real Estate Investment Trust is 156,233,700 Units.

Detailed in subsequent continuation sheets.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 156233700 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.80000000 (Deemed Interest)

(1) Stoneweg Global Platform SCSp ("SGPS") has a deemed interest in 156,233,700 Units in CEREIT ("CEREIT Units") pursuant to the transaction described for Substantial Shareholder.
(2) Stoneweg GP S.A. is the sole general partner of SGPS and therefore has deemed interest in the CEREIT Units pursuant to the Securities and Futures Act 2001 ("SFA").
(3) Stoneweg S.A. owns at least 20% of Stoneweg GP S.A. and therefore has deemed interest in the CEREIT Units pursuant to the SFA.