Colonial Confirms EPS 2024 Guidance Post Transaction With Criteria

Inmobiliaria Colonial COL:

• EPS 2024 GUIDANCE CONFIRMED POST TRANSACTION WITH CRITERIA: 30-32 €CTS/SHARE

• TRANSACTION INVOLVING CRITERIA SLIGHTLY DILUTIVE ON LAST REPORTED NTA (9.55 €/SHARE POST DEAL (4.0%) VERSUS. 12/23)

• TRANSACTION RATIONALE: RELOADING COLONIAL’S GROWTH WITH A SOLID CAPITAL STRUCTURE

• COLONIAL LAUNCHES NEW PROJECT PIPELINE WITH AN UNGEARED IRR OF +9%

• PROJECT PIPELINE OF MORE THAN 110,000 SQM OF PRIME ASSETS WITH CIRCA €385M OF CAPEX TO BE INVESTED

• SHORT-TERM IMPACT: MATERIAL REDUCTION OF EPRA LTV: MORE THAN 450 BP

• MID-TERM: IMPROVED EPRA LTV LEVEL EXPECTED TO BE SUSTAINED OVER TIME