pg. 197 Corporate Governance Report Integrated Annual Report 2025 These committees operationalise governance, oversee internal controls, and coordinate risk and sustainability actions across the business: Management Committee Supports the CEO in overseeing day-to-day operational matters and strategic management issues to ensure effective execution of the REIT’s business plan while maintaining adherence to internal controls, policies, and regulatory requirements. The Management Committee meets regularly to review performance, address emerging issues, and ensure timely decision-making and escalation. In 2025, the Committee met a total of 18 times, with meetings held every two weeks from January to June on 3 January, 17 January, 4 February, 25 February, 11 March, 27 March, 18 April, 25 April, 5 May, 16 May, 23 May, and 3 June, and monthly from July to December on 11 July, 5 August, 12 September, 10 October, 5 November, and 15 December. Enterprise Risk Management Committee The ERMC, chaired by the CEO and comprising the CFO, CIO, COO, Head of Strategy & IR, Head of Governance & Legal, and the Compliance Officer, oversees the identification, assessment, mitigation, and monitoring of risks across all functions. Its agenda covers significant risk exposures, BCM readiness, ESG and climate risks, and compliance and integrity matters. The Committee meets quarterly and reports key risks and mitigation progress to the BARC. In 2025, the ERMC convened on 2 May, 30 July, and 23 October to review key matters, assess risks, and ensure appropriate escalation to the Board. Management Investment Committee The establishment of the MIC was approved by the Board on 4 Dec 2025. It oversees investment proposals and associated financial risks, ensuring decisions align with risk appetite, capital management objectives, and internal control requirements. The Management Investment Committee meets monthly to evaluate potential acquisitions, divestments, and asset enhancement initiatives, monitor the progress of approved projects, and provide informed recommendations for escalation to the BIC. In 2025, the Committee held its meetings on 8 January and 4 February. Sustainability Management Committee The Sustainability Management Committee (SMC), chaired by the CEO and comprising the CFO, CIO, COO, Head of Strategy & IR, Head of Governance & Legal, the Compliance Officer, and key ESG data owners, oversees sustainability and ESG-related matters across the REIT. The Committee ensures that climate, environmental, and social risks are integrated into the overall risk management and internal control processes. Its agenda includes reviewing ESG performance, progress against sustainability roadmaps and targets, regulatory developments, and climaterelated risk updates. The SMC meets quarterly and reports its findings and recommendations to the BSC. In 2025, the Committee met on 21 August and 30 October to review key matters, monitor performance, and ensure timely decision-making and escalation. Effectiveness Statement Based on the quarterly reports and deliberations of the ERMC and BARC, the Board is satisfied that the REIT’s risk governance structure operated effectively throughout the financial year. The governance roles, decision-making processes and oversight mechanisms functioned as intended, enabling timely escalation of significant risks, appropriate challenge from the Committees, and alignment of management actions with the Board-approved Risk Appetite. No gaps or deficiencies were noted that would materially impact the effectiveness of risk oversight. STATEMENT ON RISK MANAGEMENT & INTERNAL CONTROL
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