Slides
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Investor Presentation (September 2026) H1 2026
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Financial highlights for H1 2026 EPRA NRV €6.2 billion TOTAL ASSETS €19.9 billion UNENCUMBERED ASSETS 45% WAULT 3.4 years PROPERTY PORTFOLIO € 1 7. 5 billion NET ICR 2.2× CONTRACTED GROSS RENT €902 million FUNDS FROM OPERATIONS (FFO) €145 million LIKE-FOR-LIKE RENTAL GROWTH 2.1% CONSOLIDATED ADJUSTED EBITDA €341 million CONSOLIDATED LEVERAGE 49.3% OCCUPANCY 92.4% 2 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Property portfolio by segment (as at 30 June 2026) Retail Czech Republic Germany Poland Italy Romania Hungary Austria Other CEE Other €5.2bn 30% €2.9bn 17% €2.4bn 14% €1.5bn 9% €1.5bn 9% €1.2bn 7% €0.8bn 4% €1.3bn 7% €0.6bn 4% €96m 26% €60m 16% €55m 15% €48m 13% €47m 13% €18m, 5% €15m, 4% €39m, 10% (€5m) -1% Property portfolio €17.5 billion Net business income €372 million Office Retail Residential Hotels Complementary Assets €7 .8bn 44% €5.0bn 28% €1.2bn 7% €0.6bn 3% €3.0bn 17% €188m 51% €190m 51% €16m, 4% €6m, 2% (€27m) -7% Property portfolio €17.5 billion Net business income €372 million Office Retail Residential Hotels Complementary Assets €7 .8bn 44% €5.0bn 28% €1.2bn 7% €0.6bn 3% €3.0bn 17% €188m 51% €190m 51% €16m, 4% €6m, 2% (€27m) -7% Property portfolio €17.5 billion Net business income €372 million Retail Czech Republic Germany Poland Italy Romania Hungary Austria Other CEE Other €5.2bn 30% €2.9bn 17% €2.4bn 14% €1.5bn 9% €1.5bn 9% €1.2bn 7% €0.8bn 4% €1.3bn 7% €0.6bn 4% €96m 26% €60m 16% €55m 15% €48m 13% €47m 13% €18m, 5% €15m, 4% €39m, 10% (€5m) -1% Property portfolio €17.5 billion Net business income €372 million Leading diversified European landlord Property portfolio by geography (as at 30 June 2026) 3 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026 The Mark, Bucharest, Romania
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Focused on the CEE region Country Unemployment rate (%) Working from Home (%)** European Skills Index (ESI) Czech Republic 3.1 7 70 Germany 4.0 13 60 Poland 3.1 4 64 Romania 6.3 1 33 Hungary 4.5 6 62 Euro Area average 6.4 9 54* * EU average, ** usually Sources: European Commission Spring Forecast 2026, Eurostat, CEDEFOP Country GDP growth 2026E (%) GDP growth 2027E (%) Inflation 2026E (%) Public Debt (%) Czech Republic 1.8 2.4 2.7 44 Germany 0.6 0.9 2.9 63 Poland 3.5 2.8 3.6 60 Romania 0.1 2.3 7.0 59 Hungary 1.8 2.1 3.2 75 Euro Area average 0.9 1.2 3.0 87 CZECH REPUBLIC €5.2bn AUSTRIA €0.8bn CROATIA €0.3bn ROMANIA €1.5bn SLOVENIA €0.2bn ITAL Y €1.5bn SERBIA €0.2bn SLOVAKIA €0.5bn GERMANY €2.9bn HUNGARY €1.2bn POLAND €2.4bn Vienna Ljubljana Prague Warsaw Berlin Bratislava Bucharest Zagreb Belgrade Budapest Includes pro-rata shares of assets owned by Globalworth. Property portfolio value per segment Retail Residential Hotels Complementary Office Rome 4 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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2023 2024 2025 H1 2025 H1 2026 934 926 895 447 431 796 795 763 394 375 Gross rental income Net rental income % YoY change -3% -4% -1% 0% -4% -5% 2023 2024 2025 H1 2026 5.4 % 5.6 % 5.7 % 5.8 % 2023 2024 2025 . H1 2025 H1 2026 7. 9 % 3.0 % 3.1 % 2.6 % 2 .1 % 2023 2024 2025 H1 2025 H1 2026 874 842 782 400 372 778 747 703 366 341 Net business income (NBI) Consolidated adjusted EBITDA* % YoY change -7% -6% -4% -4% -7% -7% Gross and net rental income (€ million) * CPIPG standalone until 2023 Like-for-like rental growth* EPRA topped-up NIY (%) Note: Annualised passing cash rents, less non recoverable property expenses adjusted for rent-free periods compared to the gross value of the properties.* Includes pro-rata EBITDA of Equity accounted investees. Net business income and consolidated adjusted EBITDA (€ million) 2023 2024 2025 H1 2025 H1 2026 874 842 782 400 372 778 747 703 366 341 Net business income (NBI) Consolidated adjusted EBITDA* % YoY change -7% -6% -4% -4% -7% -7% High-yielding portfolio generating substantial income 5 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Strong performance anchored in our Group strategy Key messages Work in progress What's going well? • CPIPG’s strategy combines our core expertise as a landlord in the CEE region with selected developments and asset rotation to enhance future returns • Selling non-core and low/non-yielding assets remains a priority • Disposal proceeds used to reduce leverage and increasingly for reinvestment • Focused on maintaining high levels of liquidity and reducing corporate complexity to support our credit metrics and operations • Like-for-like rental growth of 2. 1% in H1 2026 • Group occupancy steady at 92% • Stable portfolio valuation • €542 million of gross disposals closed and/or signed in 2026; average 5% above book value • €2.3 billion of financing completed year-to-date (€1.4 billion in H1) • Strong liquidity of €1.6 billion • Gross debt reduced by €159 million in H1 2026 • Decrease in administrative and interest expenses • Stable credit metrics with consolidated leverage at 49.3% and ICR of 2.2× • Progress on corporate complexity; delisting of Next RE and reductions in equity accounted investees • Gross debt reduction modest as the Group made investments • Improving ICR in the years ahead remains a key priority • Corporate simplification will require “bigger steps” over time • Sales of development assets from 2026 to 2029 should bring significant cash to the Group 2023 2024 2025 H1 2026 51.6 % 49.5 % 49.3 % 49.3 % 2023 2024 2025 H1 2026 1 3.1 × 12. 1 × 12.7 × 12.7 × 2023 2024 2025 H1 2026 8,808 8,133 7 ,855 7, 7 9 6 4,864 4,912 5,122 4,978 1,464 1,222 1,178 1,215 1,121 981 573 580 3,274 2,983 3,254 2,974 Office Retail Residential Hotels Complementary Assets €17 .5bn €18.2bn €18.0bn €19.5bn 2023 2024 2025 H1 2026 8,808 8,133 7 ,855 7, 7 9 6 4,864 4,912 5,122 4,978 1,464 1,222 1,178 1,215 1,121 981 573 580 3,274 2,983 3,254 2,974 Office Retail Residential Hotels Complementary Assets €17 .5bn €18.2bn €18.0bn €19.5bn Property portfolio (€ million) Consolidated leverage ratio Net debt/EBITDA evolution 6 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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2023 2024 2025 H1 2026 Office Retail Residential* X% Group 92.4% 93.3% 92.1% 92.1% 88.7% 9 7. 5 % 92.0% 88.3% 98.1% 90.4% 88.6% 9 7.1 % 89.9% 89.5% 98.3% 90.9% 2023 2024 2025 H1 2026 Office Retail Residential* X% Group 92.4% 93.3% 92.1% 92.1% 88.7% 9 7. 5 % 92.0% 88.3% 98.1% 90.4% 88.6% 9 7.1 % 89.9% 89.5% 98.3% 90.9% 2023 2024 2025 H1 2026 Office Retail Residential* X% Group 92.4% 93.3% 92.1% 92.1% 88.7% 9 7. 5 % 92.0% 88.3% 98.1% 90.4% 88.6% 9 7.1 % 89.9% 89.5% 98.3% 90.9% T op 10 tenants by rental income € million Rent as % of GRI* WAULT** (years) 11.9 1.3% 3.5 10.5 1.2% 3.1 10.0 1.1% 4.1 8.9 1.0% 2.8 8.9 1.0% 2.7 8.9 1.0% 3.0 8.7 1.0% 2.5 8.5 0.9% 4.9 8.0 0.9% 2.7 7.6 0.8% 1.9 T otal 91.8 10.2% 3.2 * Based on annualised headline rent. ** WAULT reflecting the first break option. High occupancy reflects tenant and asset quality * Occupancy based on rented units. * as of 31 December 2023 Occupancy rate (%)* • High occupancy rate of 92.4% across the portfolio. Retail remains virtually fully occupied at 98%, offices are at 88%, and the residential segment at 90%. • The Group’s lease maturity profile is well balanced, with a stable WAULT of 3.4 years; on average, 15% of our leases expire annually through 2030. • T op 10 tenants are high-quality international and regional companies, and only represent 10% of rental income. 3.4 years average WAULT 98% Retail occupancy 88% Office occupancy 90% Residential occupancy 7 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Diversified tenants and a solid lease profile Note: Excluding the impact of S IMMO. 17 % 15 % 14 % 11 % 8 % 8 % 4 % 3 % 3 % 3 % 15 % IT Professional Services Financial Services/ Banking/Insurance Public/Municipalities Medical/Pharmaceutical Manufacturing Energy Consumer Goods Construction/Development Telecom Other 28 % 11 % 10 % 9 % 8 % 7 % 6 % 5 % 5 % 4 % 7 % Fashion Food & Beverage Health & Beauty Services Grocery Store Household Shoes Sport Entertainment Specialist Other 0 5 10 15 20 25 30 9 % 16 % 17 % 32 % 0 % 100 % 200 % 300 % 400 % 500 % €200m+ €100-199m €50-99m <€50m 6 20 47 425 2026 2027 2028 2029 2030 2031+ 7 % 17 % 20 % 17 % 15 % 24 % Total property portfolio includes residential, land and at equity accounted assets CPIPG commercial assets by value Maturity profile of fixed rental agreements Helmholtzstraße 2-9, Berlin, GermanyExcluding residential properties and reflecting the first break option.Note: Specialist include Books and Stationery, Toys, Presents and E-commerce. Shopping Centre tenants by type (according to headline rent) Office tenants by type (according to headline rent) 8 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026 % of total property portfolio (by value) # of commercial properties
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260 577 (47) (697) (252) 9,766 9,925 External financing 31 Dec 2025 New loans Repayments of loans New bonds Repayments of bonds/ SSD Other movements External financing 30 Jun 2026 1 year 18 months 2 years 880 1,070 1,985 124 214 533 Bank loans Bonds/SSD 1.6 × 1.3 × 0.7 × 13.3 × 7. 7 × 3.1 × Coverage all debt Coverage bonds/SSD 1 year 18 months 2 years 880 1,070 1,985 124 214 533 Bank loans Bonds/SSD 1.6 × 1.3 × 0.7 × 13.3 × 7. 7 × 3.1 × Coverage all debt Coverage bonds/SSD 260 577 (47) (697) (252) 9,766 9,925 External financing 31 Dec 2025 New loans Repayments of loans New bonds Repayments of bonds/ SSD Other movements External financing 30 Jun 2026 1 year 18 months 2 years 880 1,070 1,985 124 214 533 Bank loans Bonds/SSD 1.6 × 1.3 × 0.7 × 13.3 × 7. 7 × 3.1 × Coverage all debt Coverage bonds/SSD Proactive approach to financing supports Group liquidity Key messages Work in progress What's going well? Changes in external financing during H1 2026 (€ million) Coverage of debt maturities CPIPG has ample liquidity to cover bond maturities over the next two years; banks have been extremely supportive of rolling over secured loans. • CPIPG has been active across bank and bond markets during 2026 • Capital markets activity for 2026 is complete following €1.7 billion of unsecured and hybrid bond transactions in EUR, GBP and CHF • Bank market remains open, with tightening margins, across all our geographies • Liquidity of €1.6 billion sufficient to cover all debt maturities until Q1 2028 and all unsecured bond maturities until Q3 2030 • Unsecured revolving credit facility increased to €500 million and extended to 2030; Citibank and JPMorgan joined the RCF as lenders in H1 • Unsecured bond transactions were used to repay short-term bonds and loans • Hybrid bond in June continued our track record of replacing “legacy” hybrids with our “Type A ” structure; one remaining legacy hybrid is callable in 2028 • Stable rating outlooks at both Moody’s and S&P; ESG rating upgraded to “A ” by MSCI • Conservative approach to interest rate risk with 96% of outstanding debt fixed • Higher interest rates for bank loans partially offset by tighter margins • Because the Group prioritised liquidity and issued several expensive bonds to repay short-term debt, our ICR remains below target • CPIPG will continue to repay expensive bonds and loans wherever possible • Our business plan is designed to reduce leverage, enhance returns and improve portfolio quality, supporting tighter bond and bank financing margins over time 9 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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47 % 25 % 10 % 7 % 4 % 5 % 2 % 2 % Czech Republic Italy Austria France Hungary Poland Croatia Germany 47 % 25 % 10 % 7 % 4 % 5 % 2 % 2 % Czech Republic Italy Austria France Hungary Poland Croatia Germany 11 % 31 % 24 % 3 % 9 % 22 % Office Office + Retail Retail Hotel Residential Landbank 11 % 31 % 24 % 3 % 9 % 22 % Office Office + Retail Retail Hotel Residential Landbank Disposal targets consistently met or exceeded Disposals by segment year-to-date 2026 (in %) Disposals by geography year-to-date 2026 (in %)From 2022 to 2025, CPIPG sold €4.5 billion of non-core assets in order to repay debt, enhance liquidity, and reinvest into our business. Y ear-to-date, €542 million of gross disposals have been closed and/or signed, including two transactions each above €100 million. Over €330 million of disposals are under letter of intent (LOI) and/ or in advanced stages of the due diligence process. • The average disposal price was c. 5% above book value • CPIPG’s total disposal pipeline exceeds €2 billion. The Group is confident in achieving or even exceeding the upper end of our disposal target of €500–750 million in 2026 • Our disposal strategy is focused on selling assets which are either 1) non-core in terms of location or quality, 2) non-yielding landbank, 3) have limited future upside and/or, 4) mature assets sold for competitive low yield * Closed gross disposal proceeds and ad vance payments received linked to disposals that were received in 2024 while the ownership transfer was completed in 2025 are included in 2024 amounts Disposal track record and targets (gross proceeds in € million) 2022 2023 2024* 2025* 2026YTD 2027E 2028E 923 896 1,612 1,079 500-750 >500 >500 542 10 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Helmholtzstraße, Berlin, Germany photo: © Amadé Hölzinger Key messages A simpler and more efficient Group structure Work in progress What's going well? • CPIPG’s acquisition of CPI Europe (formerly IMMOFINANZ) and S IMMO in 2021/2022 added complexity to the Group’s capital structure • The Group has taken significant steps to reduce complexity, including the squeeze- out of S IMMO • CPIPG now owns 75% of CPI Europe (CPIE) directly, and has a further 9% economic long exposure through derivative contracts executed with relationship banks • Reducing complexity remains a priority with further initiatives underway • Consistent branding, messaging and strategy • Each local team manages assets across all Group entities, which allowed CPIPG to reduce headcount and administrative costs • In August 2025, CPIE revised its business strategy to match CPIPG, ensuring alignment throughout the Group’s entities • Continuing to optimise the Group’s portfolio through the sale of non-core assets (e.g. German and UK residential, smaller offices, landbank) • Reduction in non-controlling interest through the unwinding of our Polish JV in October 2025 and buyout of minorities in Next RE in Italy in H1 2026 • Since July 2024, CPIPG and CPI Europe have been exploring various forms of integration to optimise the Group’s capital structure and capture operating and cost efficiencies • In August 2026, CPIPG and CPIE agreed to jointly explore the possibility of a potential combination of retail assets in a dedicated retail platform • All options for further Group simplification are being explored, while remaining mindful of the impact on leverage and capital structure Simplified Group structure X% = percentage of the Group's Property Portfolio value 97-100% 47% Other Key Group entities and fully owned subsidiaries 33% 4% 75.0% 49% 11 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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myhive Palmovka, Prague, Czech Republic Sound real estate market fundamentals
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0 % 10 % 20 % 30 % 40 % Berlin Warsaw Prague Vienna Budapest Bucharest . Central London New York City Los Angeles San Francisco 9 % 8 % 6 % 4 % 12 % 11 % 9 % 13 % 29 % 32 % 2019 2022 2023 2024 2025 H1 2026 0 m² 100,000 m² 200,000 m² 300,000 m² 400,000 m² 500,000 m² 600,000 m² 700,000 m² 800,000 m² 900,000 m² 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E 2027E 2028E Warsaw Prague Budapest Bucharest Healthy supply/demand balance for offices across Central and Eastern Europe Vacancy rates in Central Europe remain low while new supply is limited • Central and Eastern European office vacancy rates remain at healthy levels, ranging from around 4% in Vienna up to 12% in Budapest, well below levels seen in U.S. cities. • “Office life” in Europe returned to near pre-pandemic levels. Peak weekly occupancy rates across Europe are only 10% below the pre-pandemic weekly peak, according to Savills. • Across most CEE capital cities, office constructions remains low with Prague recording the lowest level of completions since records started and no new completion in Bucharest since 2024. While completions are expected to pick up Budapest they remain well below historic levels. Annual office completions in CEE Capital CitiesOffice vacancy rates in Central Europe are at healthy levels Sources: Savills, PINK, Prague Research Forum, Budapest Research Forum, CBRE, Vienna Research Forum, JLL, Knight Frank, Colliers, BNP Sources: Cushman & Wakefield, CBRE, JLL, Savills, Prague Research Forum, Budapest Research Forum, Colliers 13 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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0 m² 500,000 m² 1,000,000 m² 1,500,000 m² 2,000,000 m² 2,500,000 m² 3,000,000 m² 3,500,000 m² 4,000,000 m² 2018 2019 2020 2021 2022 2023 2024 2025 . H1 '25 H1 '26 Berlin Warsaw Prague Vienna Budapest Bucharest Occupier demand driven by economic growth and the return to office • Offices remain at the centre of work in particular in CEE where working from home has remained an exception with the number of people working from home declining since its peak in 2021 • Demand for offices spaces remains at solid levels due to structural factors such as lower commuting times, smaller dwelling sizes, lower workforce mobility and higher cultural focus on community • Key occupier industries such as financial or professional services require employees back to the office. Attendance becomes a more prominent factor when training junior staff and considering promotions. 2019 2020 2021 2022 2023 2024 2025 of which usually work from home in 2025 Czech Republic 10 13 15 16 15 17 17 7 Germany 13 21 25 24 23 24 25 13 Hungary 5 11 14 11 9 9 10 4 Poland 15 18 16 13 14 15 16 6 Romania 1 3 7 4 3 4 4 1 Average Sweden 37 N/A 46 45 45 46 45 12 Netherlands 37 40 54 53 52 52 52 11 France 23 29 34 34 34 34 35 11 Spain 8 15 15 14 14 15 16 8 Average European Union – 27 countries (from 2020) 14 21 24 22 23 23 23 9 Source: Eurostat. Demand recovered since 2021 albeit still below pre-pandemic levels (Gross take-up in m²) Working from Home is the exception in CEE (Share of employed people who sometimes or usually work from home in %) Sources: Savills, Cushman & Wakefield, CBRE, JLL, PINK, Prague Research Forum, Budapest Research Forum, Vienna Research Forum, property-forum.eu, Avison Young 0 m² 500,000 m² 1,000,000 m² 1,500,000 m² 2,000,000 m² 2,500,000 m² 3,000,000 m² 3,500,000 m² 4,000,000 m² 2018 2019 2020 2021 2022 2023 2024 2025 . H1 '25 H1 '26 Berlin Warsaw Prague Vienna Budapest Bucharest 14 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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2022-01 2022-03 2022-05 2022-07 2022-09 2022-11 2023-01 2023-03 2023-05 2023-07 2023-09 2023-11 2024-01 2024-03 2024-05 2024-07 2024-09 2024-11 2025-01 2025-03 2025-05 2025-07 2025-09 2025-11 2026-01 2026-03 2026-05 100 110 120 130 140 150 160 170 180 Euro area Czech Republic Hungary Poland Romania Slovakia Croatia Serbia 50 100 150 200 250 300 Romania Poland Hungary Slovakia Czech Republic Germany Euro area – 20 countries (from 2023) 260 197 150 135 123 109 109 0 CEE retail continues to catch up with Western Europe • Long-term catch-up effect in the CEE region as real incomes continue to grow while still well below Western European levels. • Convenience retail properties are expected to continue to perform well, due to their attractive cost ratios for tenants, focus on consumer's daily needs and limited competition. • Higher-quality, experience-led shopping centres will outperform as retailers focus on larger-format, flagship stores in the best locations that attract higher footfall and increase dwell time. Real income continues to grow in CEE (2010 = 100)... …boosting retail sales turnovers (2021 = 100) Source: Eurostat data as of 2025 Source: Eurostat 2022-01 2022-03 2022-05 2022-07 2022-09 2022-11 2023-01 2023-03 2023-05 2023-07 2023-09 2023-11 2024-01 2024-03 2024-05 2024-07 2024-09 2024-11 2025-01 2025-03 2025-05 2025-07 2025-09 2025-11 2026-01 2026-03 2026-05 100 110 120 130 140 150 160 170 180 Euro area Czech Republic Hungary Poland Romania Slovakia Croatia Serbia 20 countries (from 2023) 2022-01 2022-03 2022-05 2022-07 2022-09 2022-11 2023-01 2023-03 2023-05 2023-07 2023-09 2023-11 2024-01 2024-03 2024-05 2024-07 2024-09 2024-11 2025-01 2025-03 2025-05 2025-07 2025-09 2025-11 2026-01 2026-03 2026-05 100 110 120 130 140 150 160 170 180 Euro area Czech Republic Hungary Poland Romania Slovakia Croatia Serbia 15 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Difficulty to build competing supply in the Czech Republic World Bank ease of doing business rankings (1 = easiest) Country Dealing with construction permits Overall rank Niger 180 132 Venezuela 175 188 Czech Republic 157 41 West Bank and Gaza 148 117 Slovakia 146 45 Gabon 141 169 Italy 97 58 Switzerland 71 36 Poland 39 40 Germany 30 22 United States 24 6 United Kingdom 23 8 Source: World Bank Report Source: CPIPG calculations and estimates based on data from Cushman & Wakefield, Eurostat and Census data * Share of CPIPG’s overall portfolio value represented by retail assets in Poland, Czech Republic, Slovakia, Hungary, Italy and Romania ** Density figures exclude the impact of high street, where CEE is significantly lower (especially where we own dominant, regional shopping centres) CPIPG’s region has limited retail density CZ shopping centre density below WE, high street very limited Shopping centre GLA (m2 / 1,000 inhabitants) 294 280 237 246 144 139 CPIPG geographies Western markets** CPIPG % of retail assets in each country* Poland Slovakia Czech Rep. Italy Hungary Romania U.S.A. Norway Finland SpainDenmarkNetherlands 3%3%2% 10% 3% 4% 1,000 889 453 364 332 228 > 16 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Selected key transactions in our region over the last 12 months Property Sector Location Sales price (€m) CPIPG Sale Buyer Quarter Olympus HQ Office Prague, CZ Undisclosed Riverside International School Q2 26 Capital Square Office Budapest, HU ~48 Witorp Q2 26 Na Prikope 14 Office, Retail Prague, CZ >100 Local investor Q2 26 Stop Shops Italy Retail Various, IT >100 International investor Q2 26 Royal Wilanów complex Office, Retail Warsaw, PL >100 Wood & Co Fund Q1 26 Millenium Tower I Office Budapest, HU Undisclosed Wizz Air Q1 26 Equilibrium Office Bucharest, RO ~37 Gránit Asset Management Q1 26 2 retail assets Retail Various, AT 50 ZDR Investments Q1 26 50% stake in Prague landbank Land Prague, CZ Undisclosed Local investor Q4 25 Palladium Shopping Center Retail Prague, CZ >500 REICO IS EAM Q4 25 Libero Shopping Center Retail Katowice, PL 103 Summus Capital Q4 25 Retail Park Portfolio Retail Various, PL ~300 Ares, Slate Q4 25 Centrum Poludnie Office Wroclaw, PL 62 INVESTIKA Real Estate Fund Q4 25 Moniuszki 1A Office Warsaw, PL Undisclosed Local investor Q3 25 VIBE Office Warsaw, PL ~68 Manova Partner Q3 25 Three Italian Premium Outlets Retail Various, IT 410 Frey Q3 25 Gropius Passagen Retail Berlin, DE ~250 Hayfin Q3 25 Sources: Colliers, Savills, JLL, CBRE, Cushman & Wakefield, PropertyEU, International Property Network Zrt., Property Magazine. 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 . H1 '26 2026E 2027E 237 312 264 292 310 329 284 372 291 149 202 226 103 251 297 2020 2021 2022 2023 2024 2025 2026E . H1 2025 H1 2026 10.4 11. 1 10.8 5.2 8.8 11.6 12.8 5.4 5.8 Increasing investment market activity Healthy CEE investment activity (€ billion) European investment market volume (€ billion) Source: Colliers CEE Investment Scene. CEE: Poland, Czech Republic, Hungary, Romania, Slovakia and Bulgaria. Source: Savills. • Investment volumes across Europe have been picking up since the recorded low point in 2023 with further growth expected for 2026 and 2027 • The focus is mostly on small-to medium-sized transactions, reflecting the shift in buyer profile towards local investors, family offices, and funds • CEE investment markets have recovered quicker than the rest of Europe with transaction volumes above 2021 levels 17 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Oranienstraße 6, Berlin, Germany Portfolio overview
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30 % 19 % 10 % 8 % 7 % 6 % 6 % 7 % 7 % Berlin Warsaw Prague Budapest Vienna Bucharest Düsseldorf Other Globalworth €2,360m, 30% €1,560m, 20% €768m, 10% €650m, 8% €520m, 7% €504m, 6% €429m, 6% €393m, 5% €611m, 8% Property portfolio €7.8 billion Office property portfolio split by geography Office portfolio focused on CEE capital cities Key messages Work in progress What's going well? • Large scale with 2.7 million m2 across 138 office properties • Focused on dynamic CEE capital cities: Berlin, Warsaw, Prague, Budapest, Vienna and Bucharest • Local knowledge and experience, plus owning leading platforms in each city, give CPIPG a competitive edge • Multi-tenant office portfolio with a healthy 11% rent reversion potential led by Berlin and Warsaw • Well-maintained portfolio with an EPRA topped-up net initial yield of 5.8% • High occupancy in Warsaw, Prague, Vienna and Bucharest • Market sentiment for offices is improving in Europe • CEE market vacancies are declining • Working from home is less prominent in CEE • Low new supply pipeline from developments across most CEE markets • Affordable rents compared to Western Europe and the U.S. • Occupancy currently at 88%, below our target of low- to mid-90s • Localised challenges in specific markets (e.g., Berlin and Budapest), where efforts to deliver excellent tenant service and creative leasing (alternative uses) are yielding results • Focus on disposals of non-core assets or mature assets, with four properties disposed of in the first half • Active asset management and improving services wherever possible 11% Rent reversion potential 5.8% EPRA topped-up NIY 1.4% LfL rental growth 30 % 19 % 10 % 8 % 7 % 6 % 6 % 7 % 7 % Berlin Warsaw Prague Budapest Vienna Bucharest Düsseldorf Other Globalworth €2,360m, 30% €1,560m, 20% €768m, 10% €650m, 8% €520m, 7% €504m, 6% €429m, 6% €393m, 5% €611m, 8% Property portfolio €7.8 billion 19 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026 Schlesische Straße 26, Berlin, Germany photo: © CHL
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H1 2025 H1 2026 195 188 2023 2024 2025 H1 2026 Total Berlin Prague Warsaw Budapest Bucharest 86.3% 94.9% 96.5% 87 .0% 84.8% 93.1% 89.2% 90.3% 94.8% 95.5% 85.0% 84.2% 90.9% 95.8% 95.0% 87 .3% 88.3% 89.5% 88.6% 88.7% 94.3% 90.9% 82.5% 88.7% H1 2025 H1 2026 195 188 Sound tenant demand for offices in our regions Office occupancy rate by city (%)Office net rental income (€ million) Examples of key leases signed during H1 2026 Experience One T echnology 450 m2, Berlin Montessori Education 900 m2, Berlin Citibank Banking 14,000 m2, Budapest MNV State 11,500 m2, Budapest Albatros Media 2,300 m2, Prague MetLife Europe Investments 1,600 m2, Prague Rights omnipack e-commerce services 500 m2, Warsaw GDOS Government 3,900 m2, Warsaw foundever Business Services 1,750 m2, Bucharest Rhode & Schwarz Technology 9,500 m2, Bucharest 20 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Gustav-Meyer-Allee 25, Berlin, Germany photo: © CHL 31 % 22 % 18 % 9 % 7 % 5 % 3 % 6 % Professional Services IT Manufacturing Financial Services/Banking/Insurance Educational Medical/Pharmaceutical Construction/Development Other Key messages Work in progress What's going well? GSG tenants by type (according to headline rent) Berlin office: higher letting volumes and rising rents • Portfolio valued at €2.4 billion, offering nearly 900,000 m² of space across 42 properties with more than 1,500 tenants • “Red brick” modernised historical properties, a unique and flexible product offering • Berlin remains the #1 city for startups in Germany, with start-up funding up by over 14% in H1 2026 and GDP growth above the national average (1.1% in 2025) • GSG’s average monthly rent increased to €11.68/m2 but remains well below the Berlin average of €26/m² • Further rental reversion potential is estimated to be around 27% • Letting volume of 44,000 m2 above the average of the last three years, with more tenant move-ins than move-outs in Q2 • Completion of two small-scale office developments – " Julius" is fully leased, while "Framez" is progressively being leased-up – adding further income and strengthening the overall appeal of each micro location • Several leases have been signed with new alternative office occupier tenants, such as commercial living providers and schools, with additional leases currently under discussion • Sale of a small non-core asset above book value and acquisition of a small asset at an attractive yield; closings expected in Q3 • Occupancy continues to fluctuate in the mid 80s, while leasing momentum is improving • Focus on attracting new alternative office occupier tenants to take advantage of the unique flexibility of our spaces with c. 30,000m2 suitable for conversions to alternative uses • Initiated a five-year infrastructure replacement programme to decarbonise heat supply 700,000 m² of our portfolio are certified by WiredScore for excellent connectivity 21 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Prinzessinnenstraße, Berlin, Germany photo: © CHL Berlin portfolio is well-positioned for further upside €14.2/m2 Savills 2025 estimated potential GSG average rent €25.8/m2 H1 2026 market average rent in Berlin €11.7/m2 GSG average rent H1 2026 Higher rents across GSG portfolio (€/m2/month) 2023 2024 2025 H1 2026 Rest-West 10.94 11.54 11.94 11.82 Kreuzberg 18.39 19.35 18.65 18.93 econoparks 6.51 6.82 7.1 9 7.3 8 T otal 11.03 11.46 11.64 11.68 2023 2024 2025 H1 2026 € 11.03 € 11.46 € 11.64 € 11.68 € 15.20 € 14.74 € 14. 18 € 14. 18 € 28.60 € 2 7. 7 5 € 25.47 € 25.80 GSG Rent Evolution Savills estimated ERV for GSG's portfolio Average Berlin 2023 2024 2025 H1 2026 € 11.03 € 11.46 € 11.64 € 11.68 € 15.20 € 14.74 € 14. 18 € 14. 18 € 28.60 € 2 7. 7 5 € 25.47 € 25.80 GSG Rent Evolution Savills estimated ERV for GSG's portfolio Average Berlin 2023 2024 2025 H1 2026 € 11.03 € 11.46 € 11.64 € 11.68 € 15.20 € 14.74 € 14. 18 € 14. 18 € 28.60 € 2 7. 7 5 € 25.47 € 25.80 GSG Rent Evolution Savills estimated ERV for GSG's portfolio Average Berlin H1 2025 H1 2026 49 46 GSG Berlin net rental income (€ million) Average rents comparison (€/m2/month) Sources: Savills, CPIPG, Colliers. H1 2025 H1 2026 49 46 22 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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myhive Nimbus, Warsaw, Poland 20 % 18 % 13 % 11 % 9 % 6 % 4 % 4 % 3 % 2 % 2 % 7 % Financial Services/Banking/Insurance Public/Municipalities Professional Services IT Medical/Pharmaceutical Telecom Consumer Goods Construction/Development Energy Educational Legal Other Warsaw office net rental income (€ million) H1 2025 H1 2026 43 44 Warsaw tenants by type (according to headline rent) Key messages Work in progress What's going well? Warsaw office: central locations, limited supply • Portfolio of €1.6 billion offering 477 ,000 m² across 17 properties • #1 office owner in Warsaw • Modern, central, mostly certified green portfolio • One of the top investment destinations in Europe, with the Warsaw economy and population growing dynamically • Net rental income increased by 3.3% Y o Y • Occupancy remained high at 95.8%, well above the market average of 91.5% • Close to 35,500 m2 of leases signed during H1 2026, of which about two- thirds were prolongations with existing tenants • Limited new supply in the market with the lowest level of ongoing construction recorded, resulting in a favourable supply gap in central locations • Stable WAULT of 3.3 years • Standardised pre-fit-out and in-house project management implemented to reduce costs and downtime • Development opportunity at Prosta 69 (LightOn), where the demolition phase for the existing building is progressing; negotiations with potential tenants are ongoing • Ongoing analysis to further reposition and densify existing locations to capture additional income and higher rents • Selected capital re-allocation through the planned sale of additional smaller non-core assets 23 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Bubenská 1, Prague, Czech Republic 17 % 11 % 11 % 10 % 8 % 8 % 7 % 5 % 5 % 4 % 2 % 2 % 10 % Financial Services/ Banking/Insurance Medical/Pharmaceutical Manufacturing Advertisement/PR/ Marketing/Media IT Professional Services Petrochemicals Public/Municipalities Consumer Goods Energy Construction/Development Educational Other 17 % 11 % 11 % 10 % 8 % 8 % 7 % 5 % 5 % 4 % 2 % 2 % 10 % Financial Services/ Banking/Insurance Medical/Pharmaceutical Manufacturing Advertisement/PR/ Marketing/Media IT Professional Services Petrochemicals Public/Municipalities Consumer Goods Energy Construction/Development Educational Other 17 % 11 % 11 % 10 % 8 % 8 % 7 % 5 % 5 % 4 % 2 % 2 % 10 % Financial Services/ Banking/Insurance Medical/Pharmaceutical Manufacturing Advertisement/PR/ Marketing/Media IT Professional Services Petrochemicals Public/Municipalities Consumer Goods Energy Construction/Development Educational Other H1 2025 H1 2026 25 22 Prague office tenants by type (according to headline rent) Prague office net rental income (€ million) Key messages Work in progress What's going well? Prague office: steady high occupancy • Portfolio of €768 million with 238,000 m2 across 15 properties • A leading office owner in Prague with a long operating history • Mix of historic properties and modern, green assets • Focused on central locations and sub-markets with strong fundamentals • High occupancy at 95%, with a stable WAULT of 4 years • Signed over 15,000 m2 of new leases with a positive releasing spread of 1.5% • Positive like-for-like rental growth of 2.3%, however, the absolute rental income is declining due to disposals • The share of home office workers remains low • Sale of three low-yielding office buildings above book value, shrinking the overall portfolio size • Investments in existing premises to further improve energy efficiency as part of new leases and lease prolongations, further improving BREEAM certification levels • Selected planning for the redevelopment of office assets into residential 24 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026 Zlatý Anděl, Prague, Czech Republic
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H1 2025 H1 2026 25 29 36 % 14 % 14 % 7 % 4 % 4 % 3 % 2 % 2 % 2 % 11 % Public/Municipalities IT Financial Services/ Banking/Insurance Manufacturing Telecom Medical/Pharmaceutical Flexible Workspaces Professional Services Construction/Development Advertisement/PR/ Marketing/Media Other 36 % 14 % 14 % 7 % 4 % 4 % 3 % 2 % 2 % 2 % 11 % Public/Municipalities IT Financial Services/ Banking/Insurance Manufacturing Telecom Medical/Pharmaceutical Flexible Workspaces Professional Services Construction/Development Advertisement/PR/ Marketing/Media Other Key messages Work in progress What's going well? Budapest office: best-in-class services, improving occupancy • Portfolio valued at €650 million across 16 properties • Modern, sustainable assets in central locations • The Budapest market is showing signs of stabilisation after a period of significant supply; vacancy is declining, but varies dramatically in different submarkets • Improving investor sentiment towards Hungary, following the election and change in government in April 2026 • Occupancy has been steadily improving since the low point in 2023, currently at 87 .3% • High single-digit like-for-like rental growth resulting in an increase of net rental income to €29 million • Strong leasing volume with more than 39,000 m2, representing about 18% of the market • Expansion of CPI Club concept offering tenants additional exclusive services, such as flexible office solutions, ready-to-use options, and community events such as expert-led sessions on socio-economic topics • Continue portfolio optimisation with the sale of a non-core office building in H1 2026 • Occupancy currently at 87%, below our long-term target of low- to mid-90s while steadily improving again over the last few years • High share of public and municipality tenants (36%), with multiple leases up for renegotiation; outcome unclear following the change in the Hungarian government, as tenants may either renew or need to be replaced by private sector occupiers • Refurbishment of River Estates office, upgrading the building technology, common spaces and adding our CPI Club concept Budapest office tenants by type (according to headline rent) Budapest office net rental income (€ million) Gateway Office Park, Budapest, Hungary 25 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Bucharest office tenants by type (according to headline rent) Bucharest office net rental income (€ million) 24 % 20 % 15 % 8 % 7 % 5 % 5 % 5 % 5 % 2 % 5 % IT Financial Services/ Banking/Insurance Medical/Pharmaceutical Professional Services Consumer Goods Telecom Advertisement/PR/ Marketing/Media Construction/Development Flexible Workspaces Public/Municipalities Other IT Financial Services/Banking/Insurance Medical/Pharmaceutical Professional Services Consumer Goods Construction/Development Advertisement/PR/Marketing/Media Flexible Workspaces Telecom Public/Municipalities Other Key messages Work in progress What's going well? Bucharest office: occupancy above the market • 12 properties valued at €504 million • Combined with our investment in Globalworth, CPIPG is one of Bucharest’s largest office owners • Healthy market fundamentals with no completions during 2025 and H1 2026, with a limited pipeline for the next years • Occupancy increased to 91% during H1 2026, continuing to be above the market • Over 17 ,000 m2 in leases signed during H1 2026, representing around 16% of the total market activity with a positive net absorption • High WAULT of 5.6 years, supported by signing long-term leases (10 years+) in the healthcare sector. Our focused leasing strategy made us a preferred landlord for hospitals and clinics • Internalised property management across our Romanian platform, generating cost efficiencies in the low millions • New bank financing at attractive margins, reflecting the quality of our portfolio and local operations in Bucharest • Additional sale of non-core offices and land plots in progress • Decline in total rental income year-over-year due to disposals, rental adjustments and impact from operational owner costs, expected to improve again in H2 • Some economic headwinds from government austerity measures to reduce current account deficit, including the reduction of state expenses and an increase in VAT and dividend taxes, in addition to the geopolitical impact from the Middle East, with improvement expected to rebound to healthy growth starting from 2027 H1 2025 H1 2026 19 15 The Mark, Bucharest, Romania 26 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Total €4,802 million Czech Republic Romania Poland Italy Hungary Slovakia Croatia Austria Serbia Slovenia Other 34 % 13 % 11 % 9 % 8 % 7 % 5 % 5 % 5 % 4 % 1 % Czech Republic Romania Poland Italy Hungary Slovakia Croatia Austria Serbia Slovenia Other € 1,729m, 35% € 665m 13% € 445m 9% € 433m 8% € 433m 8% € 338m 7% € 287m 6% € 189m 4% € 236m 5% € 186m 4% € 36m, 1% Property portfolio €5.0 billion 46 % 38 % 3 % 3 % 3 % 6 % Retail parks Shopping centres Hypermarkets Supermarkets Hobbymarkets Special assets 1,061,740 m² 48% 816,720m² 37% 71,590 m² 3% 72,241 m² 3% 87,883 m² 4% 113,218 m² 5% Total 2,223,393 m2 46 % 38 % 3 % 3 % 3 % 6 % Retail parks Shopping centres Hypermarkets Supermarkets Hobbymarkets Special assets 1,061,740 m² 48% 816,720m² 37% 71,590 m² 3% 72,241 m² 3% 87,883 m² 4% 113,218 m² 5% Total 2,223,393 m2 2.2% LfL rental growth 98% Occupancy 6.8% EPRA topped-up NIY Total €4,802 million Czech Republic Romania Poland Italy Hungary Slovakia Croatia Austria Serbia Slovenia Other 34 % 13 % 11 % 9 % 8 % 7 % 5 % 5 % 5 % 4 % 1 % Czech Republic Romania Poland Italy Hungary Slovakia Croatia Austria Serbia Slovenia Other € 1,729m, 35% € 665m 13% € 445m 9% € 433m 8% € 433m 8% € 338m 7% € 287m 6% € 189m 4% € 236m 5% € 186m 4% € 36m, 1% Property portfolio €5.0 billion Key messages Work in progress What's going well? Retail property portfolio by country Retail assets by type (according to GLA) Retail parks are multi-store assets with no com- mon areas/common indoor space. Special assets include small retail assets (i.e. individual shops). Retail portfolio: embedded in CEE consumers' daily life • CPIPG is a leading retail landlord in CEE, owning 156 retail parks, 29 shopping centres, hypermarkets, DIY stores and other premises • The retail segment has been a source of growth, increasing its relative property portfolio share • Limited construction and competition around the region, while disposable income continues to grow • High yielding and stable operations • High occupancy at 98%, portfolio effectively fully occupied across geographies • Net rental income increased by 0.6% to €190 million • Like-for-like rental growth of 2.2% • Positive contributions from completion of retail park developments and acquisitions (e.g., Croatia, Czech Republic and Serbia) • Major refurbishment at our flagship Sun Plaza shopping centre in Bucharest is nearly completed, with 99% of lease agreements signed, providing future uplift to rental income • Our scale means CPIPG is the first call for tenants expanding in the region • Sale of non-core retail parks in Italy above book value • Active portfolio management with the development of new retail parks in Croatia and extensions of existing shopping centres, add-on acquisitions and disposals of mature assets • Continued investments in portfolio quality (e.g., food courts, ESG upgrades) and optimising unit sizes • Active management of tenant mix to improve customer experience 27 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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2023 2024 2025 H1 2026 Total Czech Republic Other Total Romania Italy Poland Hungary Slovakia Austria Croatia Serbia Slovenia 98.3% 9 7. 7 % 98.0% 97 .4% 9 7. 9 % 98.5% 98.1% 96.8% 98.1% 9 7. 5 % 9 7.1 % 98.3% H1 2025 H1 2026 189 190 Net rental income (€ million) Retail occupancy rate by country (%) Retail portfolio: steady high occupancy Maximo Shopping Centre, Rome, Italy Spektrum Shopping Centre, Prague, Czech Republic 28 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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CityMarket Brandýs nad Labem Brandýs nad Labem, CZ CZ HU AT RO RS HR SI CityMarket Other retail park STOP SHOP Largest retail park owner in the CEE region 156 retail park properties 98.1% Retail park occupancy STOP SHOP Langenrohr Langenrohr, Austria • Our STOP SHOPS and CityMarkets are the leading retail park brands in CEE • Focus on everyday products and brands • Open layout for easy accessibility and efficient operations • Focused on cities and towns with a catchment area of 30,000 to 150,000 residents • Occupancy close to 100%. AT – Austria HR – Croatia CZ – Czech Republic HU – Hungary PL – Poland RO – Romania RS – Serbia SI – Slovenia SK – Slovakia photo: © Christian Stemper PL 29 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Shopping centres: growing sales, attractive price-performance ratio 0.6% increase in like-for-like tenant sales 1.8% decrease in like-for-like footfall * Affordability ratio calculated as rent, service & marketing charges as a % of turnover 10% affordability ratio* Nisa Shopping Centre, Liberec, Czech Republic 28 % 11 % 10 % 9 % 8 % 7 % 6 % 5 % 5 % 4 % 7 % Fashion Food & Beverage Health & Beauty Services Grocery Store Household Shoes Sport Entertainment Specialist Other 28 % 11 % 10 % 9 % 8 % 7 % 6 % 5 % 5 % 4 % 7 % Fashion Food & Beverage Health & Beauty Services Grocery Store Household Shoes Sport Entertainment Specialist Other Shopping centre tenants by type (according to headline rent) H1 2025* H1 2026 0.878 0.884 Increase in tenant sales (€ billion) * Excl. shopping centres sold in 2024 and 2025. H1 2025* H1 2026 59.0 58.0 Slight decrease in footfall (million) * Excl. shopping centres sold in 2024 and 2025. 30 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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CPI BYTY, Česká Lípa, Czech Republic Residential property portfolio by country Czech Republic United Kingdom France Other € 1,001m 82% € 110m 9% € 56m 5% € 48m 4% Property portfolio €1.2 billion H1 2025 H1 2026 12 16 Group residential net rental income (€ million) Key messages Work in progress What's going well? Residential portfolio: capturing reversion potential • Residential assets represent approximately 7% of the Group’s portfolio, with a total value of €1.2 billion • Most residential assets are in the Czech Republic (82%), where the Group is the second-largest residential property owner through our subsidiary CPI BYTY • Shrinking segment due to the sale of residential assets, mainly outside of the Czech Republic • Continued strong like-for-like rental growth with 10. 1%, supported by the ongoing supply-demand imbalance in housing • Disposal of assets in France and Italy, in addition to opportunistic divestment of selected Czech assets and units at favourable pricing • Occupancy remains stable and high in the Czech Republic at 91% • Disposals of remaining UK residential assets • Stepping up the rent reversion potential of CPI BYTY through refurbishments and re-leasing to increase yields • Continued thermal insulation of residential buildings in the Czech Republic 31 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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9 3.1 % 90.9 % 91. 1 % 90.6 % 2023 2024 2025 H1 2026 111 125 134 140 CPI BYTY’s leading regional platforms = cca 500 units Prague Liberec Ústí nad Labem Ostrava • 2nd largest rental residential property owner in the Czech Republic • Long-term rental strategy with significant upside potential • Located in popular districts, close to city centres • Strong track record of rental growth CPI BYTY, Český Těšín, Ostrava CPI BYTY portfolio occupancy (based on rented units) and average in-place rent (CZK/m2/month) 11,512 units in 14 cities 686,455 m2 area of flats 32 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Claron Congress Hotel Brno, Czech Republic Key messages Work in progress What's going well? Hotels portfolio: regional leader in hospitality • CPIPG operates a sizable portfolio of hotels in Central Europe, primarily in congress & convention centres hotels in the Czech Republic and other regional capital cities • Significant increase in investment activity in the CEE region, buoyed by stable operational performance and supportive capital markets • With a portfolio value of nearly €600 million, the hotels segment adds yield and diversification to the overall portfolio • Improvement in the portfolio income generation: additional €1 million of Gross Operating Profit contribution from three new hotel openings in Budapest and Brno for H1 2026 • Resilient operating performance with H1 2026 occupancy at 60.3% and ADR of €89.9 • Strong RevPAR growth in Rome, Bratislava, Warsaw and Vienna, ranging from 6% to 15% • GOP margins remained stable at 32.6%, despite additional pre- opening costs and ramp-up phase operations • Successful new financing of €170 million secured on a portfolio of Czech hotel properties maturing in 2031 with Raiffeisen Bank International • Progress on further segment mix optimisation, MICE business conversions, margin improvements and disciplined cost management • Sale of two small non-core hotels in Warsaw ongoing and expected to close within the year • Decline in total income from hotels in H1 2026 due to the sale of multiple hotels in 2025 350 additional rooms from 3 new hotels 32.6% stable GOP margins €10m T otal net hotel income 33 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Bonds issued in Feb 2026 Bonds repaid in Feb 2026 0 % 10 % 20 % 30 % 40 % 50 % 60 % 70 % 80 % 90 % 100 % January February March April May June July August September October November December 2019 Occupancy 2025 Occupancy 2026 Occupancy € 0 € 10 € 20 € 30 € 40 € 50 € 60 € 70 € 80 € 90 € 100 2019 ADR 2025 ADR 2026 ADR H1 2025 H1 2026 21 10 Net Hotel Income Net Rental Income from Hotels rented H1 2025 H1 2026 21 10 Net Hotel Income Net Rental Income from Hotels rented * The portfolio comprises of hotels operated and rented by CPI Hotels (including the properties in the Hotel JV), not on a like-for-like basis and excluding operations in Russia. Hotel portfolio average occupancy and ADR* Net hotel income (€ million) Hotel performance • CPI Hotels delivered resilient operational performance in H1 2026 with total net income from hotels operated and hotels rented amounting to €10 million for the period. • Total revenues of the portfolio amounted to over €70 million, an increase of over 5% YoY, predominantly driven by three newly opened assets in Budapest and Brno. • The existing portfolio performance remained stable and was broadly flat compared to last year • Gross Operating Profit (GOP) rose accordingly to €23 million during the period, with GOP margin broadly stable at 32.6%. 34 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Complementary assets portfolio Landbank Development Agriculture Industry & Logistics Other Property portfolio €3.0 billion € 1,760m 59% € 870m, 29% € 182m, 6% € 64m, 2% € 98m, 3% Key messages Work in progress What's going well? Complementary Assets: landbank and development • CPIPG has a long, successful track record of investing in land plots • Land plots are held for sale, developed for sale, or developed to hold • Over the last years, the Group has been a net seller of land, selling land across multiple jurisdictions while also selectively purchasing land • In 2026 and 2027 , many of CPIPG’s residential projects (Czech Republic, Dubai) will be finished and ready for sale • Gradual development of land plots in Rome could commence in 2027 • Residential housing shortage across Europe continues to support our activities • During H1 2026, the Group completed the development of three retail parks, two offices, and one hotel with a yield on cost of over 6% • Currently, seven projects are under construction with an estimated yield on cost of over 7% and a pre-letting ratio of close to 90% • Developments to sell are expected to generate around €1 billion in proceeds, particularly starting from 2027 • Development financings of €315 million are in place across various projects to finance CapEx • CPIPG has completed over €500 million of landbank disposals since 2022 • Conservative approach to developments representing only 5% of the portfolio with an average project size of €36 million • Development sales generated “only” €5 million in H1 2026, but a substantial increase is expected in the years to come • Landbank sales are considered carefully depending on the expected timing of permits/master plans: more progress = better pricing • Some landbanks might be better owned/developed with JV partners 35 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026 Nová Zbrojovka Brno visualisation, Czech Republic
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Developments for sale and developments to hold During H1 2026, CPIPG spent €226 million in CapEx. More than half of the CapEx is spent on new developments, which are either residential developments for sale or commercial developments to hold. Residential developments for sale • Utilising existing landbank for developments to realise profits • Czech Republic (Prague, Brno), GDV >€500 million, average pre-sale ratio c. 67%, expected profit c. 44% • Dubai and London, GDV >€500 million, high-end segment Focus on value-enhancing CapEx Additions by type (€ million) 2024 2025 . H1 2025 H1 2026 125 89 39 35 80 96 49 41 133 116 41 69 98 104 39 80 Maintenance-related CapEx Refurbishment and redevelopment New development – yielding assets New development – assets for sale 436 404 226 168 2024 2025 . H1 2025 H1 2026 125 89 39 35 80 96 49 41 133 116 41 69 98 104 39 80 Maintenance-related CapEx Refurbishment and redevelopment New development – yielding assets New development – assets for sale 436 404 226 168 new developments 2024 2025 . H1 2025 H1 2026 125 89 39 35 80 96 49 41 133 116 41 69 98 104 39 80 Maintenance-related CapEx Refurbishment and redevelopment New development – yielding assets New development – assets for sale 436 404 226 168 2024 2025 . H1 2025 H1 2026 125 89 39 35 80 96 49 41 133 116 41 69 98 104 39 80 Maintenance-related CapEx Refurbishment and redevelopment New development – yielding assets New development – assets for sale 436 404 226 168 2024 2025 . H1 2025 H1 2026 125 89 39 35 80 96 49 41 133 116 41 69 98 104 39 80 Maintenance-related CapEx Refurbishment and redevelopment New development – yielding assets New development – assets for sale 436 404 226 168 2024 2025 . H1 2025 H1 2026 125 89 39 35 80 96 49 41 133 116 41 69 98 104 39 80 Maintenance-related CapEx Refurbishment and redevelopment New development – yielding assets New development – assets for sale 436 404 226 168 €511m Estimated sales volume 44% Expected profit 67% Pre-sale ratio Czech residential developments Commercial developments to hold • Small-scale developments on existing land are a key focus for the Group to add yield and quality to the portfolio, enhancing synergies and scale of our existing platforms • Ongoing developments and refurbishments are expected to generate €21 million in annual rental income following completion and stabilisation. • Current developments to hold are 89% pre-let with an estimated yield on cost of 7 .1% D4 office development visualisation, Brno, Czech Republic Žižkovské zahrady residential project, Prague, Czech Republic 36 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Financing structure & debt profile VIVO! Stalowa Wol Shopping Centre, Poland
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2025 H1 2026 97 % 96 % 3 % 4 % Floating Fixed Unencumbered assets to unsecured debt 2023 2024 2025 H1 2026 48 % 49 % 47 % 45 % Unencumbered assets as a % of total assets 174 % 185 % 183 % 178 % Unencumbered assets to unsecured debt 2023 2024 2025 H1 2026 48 % 49 % 47 % 45 % Unencumbered assets as a % of total assets 174 % 185 % 183 % 178 % Composition of unencumbered asset portfolio Solid level of unencumbered assets Financing structure and composition Fixed versus floating rate debt Split of secured versus unsecured debt € 1,562 m € 898 m € 906 m € 713 m € 104 m € 169 m € 194 m € 133 m € 2,095 m Income generating – CZ Income generating – RO Income generating – PL Income generating – IT Income generating – HU Income generating – Other CEE Income generating – Other WE Landbank & Development – Prague Landbank & Development – Other Total €6,774 million € 1,562 m € 898 m € 906 m € 713 m € 104 m € 169 m € 194 m € 133 m € 2,095 m Income generating – CZ Income generating – RO Income generating – PL Income generating – IT Income generating – HU Income generating – Other CEE Income generating – Other WE Landbank & Development – Prague Landbank & Development – Other Total €6,774 million 49 % 51 % 17 % 17 % 14 % 46 % 1 % 4 % CPIPG CPI Europe S IMMO €4,771m €4,996m Secured Unsecured Total €9,766 million 49 % 51 % 17 % 17 % 14 % 46 % 1 % 4 % CPIPG CPI Europe S IMMO €4,771m €4,996m Secured Unsecured Total €9,766 million 49 % 51 % 17 % 17 % 14 % 46 % 1 % 4 % CPIPG CPI Europe S IMMO €4,771m €4,996m Secured Unsecured Total €9,766 million 38 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Bank loans Other** Bonds/Schuldschein* Bonds issued in Jul 2026 Unsecured debt repaid in Jul 2026 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035+ 307 988 1,616 1,532 1,858 1,453 1,369 472 80 110 Balanced debt maturity profile (€ million) * Bonds/Schuldschein 2026 include only accrued interest payable in H2 2026. ** Other debt comprises non-bank loans from third parties and financial leases. Strong liquidity (€ million) Cash as at 30 Jun 2026* 1, 138 (+) RCF - undrawn amount 500 (+) Other undrawn lines 6 T otal liquidity as at 30 Jun 2026 1,644 * Incl. cash held by assets held for sale. 3.73% average cost of debt 4 years H1 2026 weighted average debt maturities Bank loans Other** Bonds/Schuldschein* Bonds issued in Jul 2026 Unsecured debt repaid in Jul 2026 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035+ 307 988 1,616 1,532 1,858 1,453 1,369 472 80 110 39 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Ample covenant headroom Overview bond covenants under our EMTN programme Covenant Threshold 30 June 2026 Headroom Consolidated Leverage Ratio <= 60% 49.3% -18% / or c. €3.6 billion valuation decline Consolidated Coverage Ratio >= 1.9× 2.2× -15% / or more than €100 million EBITDA decline on an annualised basis +15% / or more than €50 million net interest increase on an annualised basis Consolidated Secured Leverage Ratio <= 45% (for two consecutive measurement dates can be up to 50%) 24.1 % +87% / or c. €4.2 billion in additional secured debt Consolidated leverage ratio reconciliation (€ million) Item per Consolidated financial statements 30 Jun 2026 31 Dec 2025 A Total debt 9,766 9,925 Bonds issued 4,721 4,824 Financial debts* 5,045 5,101 B Consolidated adjusted total assets 19,828 20,131 Total assets 19,924 20,220 Intangible assets and goodwill 96 89 A/B Consolidated leverage ratio 49.3% 49.3% * Including Financial debts linked to AHFS Consolidated interest coverage ratio reconciliation (€ million) Item per Consolidated financial statements H1 2026 2025 A Interest income 27 51 B Interest expense (180) (367) C Consolidated adjusted EBITDA 341 703 C/-(A+B) Net ICR 2.2× 2.2× Secured consolidated leverage ratio reconciliation (€ million) Item per Consolidated financial statements 30 Jun 2026 31 Dec 2025 A Secured bonds 0 0 B Secured financial debts 4,771 4,756 C Consolidated adjusted total assets 19,828 20,131 Total assets 19,924 20,220 Intangible assets and goodwill 96 89 (A+B)/C Secured consolidated leverage ratio 24.1 % 23.6% 40 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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CPIPG’s approach to ESG and sustainability STOP SHOP, Kaštel Sućurac, Croatia
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62 % 37 % 1 % Offices Retail Hotels Total 2,429,999 m² 2020 2021 2022 2023 2024 2025 H1 2026 22.9 % 24.2 % 32. 1 % 37 .4 % 39.0 % 42. 1 % 43.5 % Significant progress on environmental targets CPIPG’s certified buildings GLA split by segment T otal GLA certified continues to increaseLow Risk: 13.7 / 100 (2026) from 15.2 / 100 (2020) T op 8% of issuers globally Green Certified Buildings 52.3% of portfolio by value -51.6% FY2025 vs. Target 2025 Scope 1+2 GHG Intensity -89.2% FY2025 vs. Target 2025 CO2 -18.4% FY2025 vs. Target 2025 Scope 3 GHG Intensity CO2 Sold electricity per MWh 42 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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0.010 0.011 0.012 0.013 0.014 0.015 0.016 0.017 0.018 0.019 0.020 0.021 0.022 0.023 0.024 0.025 0.026 0.027 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 T arget Actual 0.030 0.031 0.032 0.033 0.034 0.035 0.036 0.037 0.038 0.039 0.040 0.041 0.042 0.043 0.044 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 T arget Actual GHG intensity target 1 through 2030 including recalculation GHG intensity target 3 through 2030 including recalculation Ye a r 1 (2019) 7 (2025) 12 (2030) Target (t CO2 eq/m2 pa) 0.027 0.020 0.014 Actual (t CO2 eq/m2 pa) 0.027 0.010 Actual vs. target (%) 0.0 (51.6) Ye a r 1 (2019) 7 (2025) 12 (2030) Target (t CO2 eq/m2 pa) 0.044 0.037 0.032 Actual (t CO2 eq/m2 pa) 0.044 0.03 Actual vs. target (%) 0 (18.4) Scope 1+2 GHG intensity across the property portfolio outperformed the required 2025 target by 51.6%. Select Scope 3 GHG intensity across the property portfolio outperformed the required 2025 target by 18.4%. Blücherstraße, GSG Berlin photo: © Amadé Hölzinger Our targets are aligned with the 1.5°C goal of the Paris Agreement 43 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Group governance summary Assurance Current external auditor Sustainability reporting Disclosure & compliance The Group's securities are listed on the following regulated stock exchanges: Code of Ethics • Conflicts of interest • Whistleblowing • Prohibition of corruption, bribery and fraud • Anti-money laundering and counter-terrorism financing • Prohibition of securities fraud and insider trading • International sanctions and export controls • Participation in public procurement and tenders • Prohibition of cartels and anti-competitive practices • Protection of intellectual property • Protection of confidential information • Protection of personal data • Use of Group’s assets • Use of agents • Responsible procurement policy Risk Management • Financial • Information technology • Legal • Development, construction & refurbishment • Transaction & asset management • Asset protection/insurance • ESG The X Principles of Corporate Governance of the Luxembourg Stock Exchange GROUP INTERNAL AUDIT External reporting IFRS & consolidation Financial controlling Asset controlling Shareholders Executive Management Operational Organisation Board of Directors 6 members 4 independent, 2 executive ESG Committee 2 Independent; 3 Executive Audit Committee Fully independent Investment Committee 2 Independent; 1 Executive Remuneration, Nomination & Related Party Transaction Committee Fully independent Warsaw Stock Exchange Budapest Stock Exchange Vienna Stock Exchange Frankfurt Stock Exchange 44 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Warsaw Financial Center, Poland Appendix 45 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Reuchlinstraße 10–11 GLA: 49,000 m2 Franklinstraße 9–15a GLA: 37 ,000 m2 Gustav-Meyer-Allee 25 GLA: 77 ,000 m2 Voltastraße 5 GLA: 33,000 m2 Schlesische Straße 27 GLA: 11,000 m2 Plauener Straße 163–165 GLA: 82,000 m2 Key office properties of GSG Berlin Schlesische Straße 26 GLA: 24,000 m2 AQUA-Höfe GLA: 20,000 m2 Helmholtzstraße 2–9 GLA: 46,000 m2 Geneststraße 5 GLA: 34,000 m2 Charlottenburg Kreuzberg Mitte Wolfener Straße 32–34 GLA: 74,000 m2 photos: © CHL and Amadé Hölzinger 46 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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myhive Warsaw Spire GLA: 72,000 m2 Key office properties in Warsaw Eurocentrum GLA: 85,000 m2 Equator II GLA: 23,000 m2 myhive Park Postępu GLA: 35,000 m2 Green Corner GLA: 16,000 m2 Atrium Centrum GLA: 18,000 m2 Atrium Plaza GLA: 15,000 m2 Warsaw Financial Center GLA: 50,000 m2 Chałubińskiego 8 GLA: 44,000 m2 myhive IO-1 GLA: 22,000 m2 myhive Nimbus GLA: 21,000 m2 Equator IV GLA: 22,000 m2 Upper Jerozolimskie Corridor City Centre City Centre West CBD 47 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Palác Archa GLA: 22,000 m2 myhive Palmovka GLA: 26,000 m2 Quadrio GLA: 17 ,000 m2 T okovo GLA: 22,000 m2Bubenská 1 GLA: 25,000 m2 Meteor Centre Office Park GLA: 19,000 m2 Luxembourg Plaza GLA: 23,000 m2 Jungmannova 15 GLA: 8,000 m2 City West GLA: 29,000 m2 Zlatý Anděl GLA: 14,000 m2 Libeň Žižkov Strašnice Vinohrady Michle Hradčany Řepy Stodůlky Smíchov Holešovice Key office properties in Prague 48 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Key office properties in Budapest BudaPart Gate GLA: 20,000 m2 Andrássy Palace GLA: 9,000 m2 myhive Greenpoint 7 GLA: 15,000 m2 Quadra GLA: 13,000 m2 Gateway Office Park GLA: 36,000 m2 myhive Haller Gardens GLA: 34,000 m2 Arena Corner GLA: 30,000 m2 River Estates GLA: 21,000 m2 myhive Átrium Park GLA: 39,000 m2 myhive Thirteen | Globe GLA: 17 ,000 m2 Balance Hall GLA: 16,000 m2 Buda Pest Váci út corridor 49 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Key office properties in Bucharest EXPO Business Park GLA: 42,000 m2 Campus 6.3 GLA: 18,000 m2 Campus 6.2 GLA: 20,000 m2 The Mark GLA: 26,000 m2 myhive Victoria Park GLA: 23,000 m2 myhive IRIDE | Nineteen GLA: 18,000 m2 myhive Metroffice GLA: 21,000 m2 myhive IRIDE | Eighteen GLA: 11,000 m2 myhive S-Park GLA: 34,000 m2 CentreCentre West Expozitie Pipera Baneasa – Otopeni Dimitrie Pompeiu Floreasca – BV 50 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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Key shopping centres Shopping centres Group shopping centres Quadrio City: Prague GLA: 7 ,000 m2 Ogrody City: Elbląg GLA: 42,000 m2 VIVO! Constanta City: Constanta GLA: 35,000 m2 Pólus Center City: Budapest GLA: 41,000 m2 VIVO! Cluj-Napoca City: Cluj-Napoca GLA: 64,000 m2 Nisa City: Liberec GLA: 48,000 m2 Futurum Hradec Králové City: Hradec Králové GLA: 39,000 m2 Maximo City: Rome GLA: 60,000 m2 Olympia Plzeň City: Plzeň GLA: 41,000 m2 Sun Plaza City: Bucharest GLA: 76,000 m2 51 CPI PROPERTY GROUP INVESTOR PRESENTATION – H1 2026
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