Interim report
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Montepino Logística SOCIMI, S.A. (Montepino) 910 1.209 1.252 1.442 1.523 Dec-21 Dec-22 Dec-23 Dec-24 Sep-25 2 Q3 /2025 Vehicle Overview _ Target Assets Logistics Assets Geography Spain and Portugal Form SOCIMI Launch date 05/2021 Capital €881 M Bankinter Investment €56 M Capital Invested 100% GAV Investment €1,523 M(1) Managing Partner €45 M LTV Ratio 43% Vehicle term 10 years Manager Valfondo (1) At 30 September 2025, the GAV was €1.523 billion, which is the value of the asset portfolio as valued by Savills in June plus the investment in real estate assets made during the quarter. Return _ Distributions (€M) 26,4 32,9 59,3 6.7% 2023 2025 Accr. % on capital Gross asset value (GAV in €M) (1) +67% Overview of the Portfolio _ Type of assets 31 7 15 53 Assets LandConstructionOperation 63%7% 30% 1,884k m2 GLA LandConstructionOperation GLA (000 m2) 32 5 13 3 OtherCataloniaMadrid Asset location 53 Assets Portugal The original 2021 plan envisaged the building of 1.2 M m² in 31 assets. However, Montepino has already reached this target with 31 operative assets and, after the 2022 extension, another 129k m² are under construction, with an additional 567km² of land. Occupancy rate of operative portfolio WAULB / WAULT (3) Client contracts (3) Weighted average unexpired lease term to break in the portfolio / End of contract in the operative portfolio. Top 5 clients with the highest annual stabilised operating income in the portfolio. 7 / 19 years100% Number of contracts signed by client XPO INDITEX LEROY MERLINGROUPE CAT SEURLUIS SIMÕES HITACHIGXO GLS AMAZON LOUIS VUITTON TENDAM ACTION OTHER 3 3 1 2 4 11 2 4 1 1 1 1 11 87% 13% 1,884k m² GLA Big box Last mile
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Montepino Logística SOCIMI, S.A. (Montepino) Central BusinessDistrict Port Logistics hub Main roads & Motorways Logistics Routes Atlantic Corridor Mediterranean Corridor New acquisitions (1) Annualised rent from the operative assets calculated by multiplying the last monthly rent collected by 12 months. (2) The number of operative assets has decreased by one following the sale of the Coslada 1 asset. OPERATIVE NEW BUILDS IN PROGRESS Alicante 2 Pradillos M6 Alicante 3 Guadalajara 1D Zaragoza 3B Zaragoza 3C Illescas 1B 32 33 34 35 36 37 38 LAND €62.9 M(1) Annualised rent from operative assets c. 1.2 M m² Total GLA for operative assets Coslada 2 San Fernando de Henares Alcobendas Parla Marchamalo 1 Guadalajara 1A Guadalajara 1B Guadalajara 1C Marchamalo 2A Marchamalo 2B Marchamalo 3 Cabanillas Torija Toledo Zaragoza 1 Zaragoza 2 Castellbisbal 1 Castellbisbal 2 Sant Esteve 1 Sant Esteve 2 Barberà Alicante 1 Illescas 1A Illescas 1C Zaragoza 3A Illescas 2 Zaragoza 4 Castanheria A Málaga Alaquàs 1 Alaquàs 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 4445 52 39 41 11 14 2 13 42 43 38 3 1 9 10 12 6,7,8 5 33 24 23 4 44 46 Madrid Guadalajara Toledo 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 Guadalajara 2 Guadalajara 3 Guadalajara 4 Marchamalo 4 Marchamalo Common Areas Pradillos M2 Pradillos M3 Pradillos M4 Pradillos M5 Zaragoza 3D Castanheira 1B Castanheira 1C Ruiseñor 2 Guadalajara 1E Ruiseñor 1 40 Zaragoza Valladolid Lisbon Porto Algeciras Seville Valencia Barcelona VitoriaA6 A5 A4 AP7 A1 Lisbon 43 44 22 47 32 26 42 45 33 23 24 4 14 10 1 9 6,7,8 5 38 39 41 13 40 34 50 49 A2 2128 17,18 20 15 19 2 25 5136 3 11 12 16 25 36 31 35 Details of the Portfolio _ 3 27 26 48 52 26 New developments in Q3 2025 vs Q2 2025 28 29 30 37 51 Q3 /2025 53 53
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Montepino Logística SOCIMI, S.A. (Montepino) Below are the details of the main developments concerning the assets during the third quarter: Main Developments in the Portfolio to September 2025 _ # Asset New developments since the last report 1 Illescas 2 Work on expanding the current photovoltaic installation will start in the fourth quarter of the year as part of the two companies’ sustainability and clean energy production strategy. 2 Barberà Discussions with the tenant regarding the expansion of the photovoltaic installation on the roof of the warehouse are currently under way. 3 Alaquàs 2 The client has fully moved into the premises and is operating as usual. 4 Illescas 1A The client is making progress in preparing the premises for its activity, and it expects this work to be completed in the fourth quarter of the year. 5 Coslada 1 The asset was sold to an international fund in July. The sale was carried out following an appropriate due diligence process and after obtaining all necessary internal approvals. The asset was sold for more than its valuation as at 30 June 2025. 6 Toledo The air conditioning has now been installed in the warehouse and silo. 1 Illescas M6 The project is going to plan. The handover is expected to happen in two phases: November 2025 (first phase) and April 2026 (second phase). This quarter, the tenant has been on the premises, carrying out work in preparation for commencing its operations. 2 Guadalajara 1D The building work began in the second quarter, as planned. It should be finished by the first quarter of 2026. 3 Zaragoza 3B The tender has ended. Construction is scheduled to begin in the third quarter of the year, and its completion is still expected for the third quarter of 2026. 4 Zaragoza 3C Construction work has started according to plan. It is still expected to be completed during the first quarter of 2026. 5 Illescas 1B The lease has been signed with the client, and construction is expected to begin during the fourth quarter of the year. The handover of the property will take place during the second quarter of 2027. OPERATIVENEW BUILDS IN PROGRESS 4 32025 Q3 /2025
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Montepino Logística SOCIMI, S.A. (Montepino) 5 Q3 /2025 Trend in the Portfolio _ Main Consolidated Financial Figures(1) €M Unit 2021 (7) 2022 2023 2024 Accr. Q3 2024 (8) Accr. Q3 2025(8) Turnover €M 13.9 26.1 36.6 47.6 34.8 45.6 NOI (2) €M 12 21.5 31.5 40.3 29.7 39.4 Operating expenses €M (5.6) (9.7) (12) (12.7) (9.4) (9.7) EBITDA (3) €M 6.4 11.8 19.5 27.6 20.3 29.7 Financial profit (4) €M (9.5) (7.9) (14.5) (21) (14.1) (19.5) Real estate investments (5) €M 1,181 1,208 1,252 1,442 1,378 1,523 LTV (6) % 32% 21% 39% 42% 42% 43% Drawdowns €M 292 283 509 607 580 664 (1) Figures at year end except for non-audited 2025 data. (2) NOI calculated as rental income net of operating expenses. (3) EBITDA calculated as operating income or loss without the impact of goodwill impairment, the change in fair value of investment property, business combination differences and impairments and results from divestments. (4) Financial profit, which includes income and expenses from the group's financing activities. (5) At 30 September 2025, the GAV stood at €1.523 billion, which is the value of the asset portfolio as valued by Savills in June plus the real estate investment made during the quarter. (6) LTV ratio that considers the value of the assets in their current condition including the actual amount borrowed. Calculation method: (Amount borrowed – cash)/Investment (GAV). (7) FY 2021 is the period from 14 May to 31 December. (8) Unaudited figures In 2025, the turnover increased by 31% and NOI rose by 33%, both y-o-y, which shows an improvement in operating efficiency. This resulted in a 46% increase in the EBITDA. The rise in financial costs was caused by an increase in the debt absorbed and higher reference interest rates applicable to the financing. As for its valuation, it continues to rise as a result of the investment made during the quarter and the growing value of the assets. During the first 9 months of 2025, real estate investments rose by €81 million compared to the end of December 2024. This increase is composed of: (i) €11 million euros for the net change in investment, which includes the investments made over the past nine months, minus the divestment of Coslada 1; and (ii) €70 million euros from the revaluation of the assets and the proceeds of the divestment. This reflects the positive performance of the company’s real estate investment strategy, which has consolidated the value of its assets and optimised the return on its operations. Leverage €696 MFinancing obtained €664 MDrawdowns The financing linked to the Coslada asset, which was divested in July 2025, was cancelled in the third quarter of the year. The first debt to mature will do so in June 2026 and relates to the refinancing of the portfolio carried out in June 2021 (which includes 21 operative assets) through a 5-year syndicated bullet loan. The company has already started the refinancing process with several financial institutions so that it can be formalised sufficiently in advance. The other maturities relate to financing arrangements concluded with various financial institutions individually for each project. 422 132 93 30 2025 2026 2027 2028 2029 +2030 Refinancing Details of the maturity of the financing arranged by the group are set out below by year (in millions of euros). This does not include the maturity of the lines of credit (€19M), as they are considered working capital loans:
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Montepino Logística SOCIMI, S.A. (Montepino) 6 • Moderation of construction costs. After a period marked by a spike, construction costs have tended to stabilise in the last few years. This evolution helps face developments in a more predictable and efficient environment making it easier to plan and execute projects. • Lower interest rates. After years of gradual hikes driven by the ECB policies to contain inflation, interest rates show signs of stabilisation. The 3-month Euribor, which rose from -0.58% in 2021 to 2.01% in October 2025, shows a correction in 2025, pointing to a more favourable environment for access to financing. • Yield upturn in the logistics market. The yield upturn has a direct positive impact on the valuation of logistics assets, as shown by the higher valuation experienced in June 2025. Sources: Knight Frank, CBRE, ECB The growth of Montepino since its launch shows through the large investment made and huge growth of the amount of assets that are now operational (+67% GAV). This success happened despite a harsh financial landscape known for the fastest interest hikes in recent history and an inflation of building costs far beyond expectations. All this involved having to prioritise the company’s financial resources devoted to generating value by promoting new developments rather than potential distributions. However, in the last few months we have been witnessing a more favourable landscape which allows us to be more optimistic. The gradual stabilisation of rents from finished assets, together with healthier market conditions -including the moderation of construction costs, lower interest rates, the upturn of yields and higher valuations- allows the company to face the coming years with a sounder foundation. In this new landscape, the company’s strategy for the coming years focuses on consolidating its current portfolio, strengthen its value and maintain a cautious approach to growth. The main lines of action are: 1. Completing assets under construction within its development business, which will help increase rental income. It is developing at yields on cost close to 7%. 2. Stabilising recurring income, with a target income of €64 million per annum (including operating assets and the asset to be delivered shortly; Illescas Pradillos M6), which could increase significantly to around €70 million once assets under development are incorporated (2027). 3. Selective asset rotation (operative assets or land), making the most of the beneficial SOCIMI tax regime and maximising the value of individual operations. 4. Develop new assets on the land in the portfolio, giving priority to opportunities with a higher risk-return tradeoff. 5. Optimise the financial structure, adjusting debt to improve the risk-return spectrum of the portfolio. The goal is to find the balance between the operating consolidation and the development of the land portfolio to maximise shareholder value. Source: ECB Source: Knight Frank Trend in 3-month Euribor (%) -0,39% -0,54% -0,58% 2,06% 3,93% 2,82% 2,01% Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Oct-25 6,25% 5,90% 5,50% 5,00% 4,80% 3,90% 5,00% 5,35% 5,15% 5,00% '16 '17 '18 '19 '20 '21 '22 '23 '24 Q2 25 Trend in prime yields in Spanish logistics (%) Growth of the Montepino development business _ Q3 /2025 Evolution of construction costs (€/m2)
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Montepino Logística SOCIMI, S.A. (Montepino) Source: Quarterly reports published by CBRE. Q2 2025 (1) The contract term expressly includes a mandatory minimum term of 3 to 5 years. 32025 7 SPAIN Investment in the Spanish logistics sector reached €550 million in the first half of 2025, following a 37% year-on-year increase. The prime yield is stable at 5.00%, with a downward adjustment expected for the second half of the year. Looking ahead, investment is expected to remain consistent with 2024 levels, amid a climate of investor caution and sensitivity to macroeconomic conditions. The most recent CBRE Logistics Confidence Index for Spain indicates that confidence remains high, bolstered by tenants' expansion plans. This combination of stable demand, a very limited supply of prime properties and pressure in key locations continues to sustain the sector’s resilience in the Spanish real estate market. - 1.000 2.000 3.000 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Q2-25 Investments in logistics assets in Spain (€M) Trend in prime yield in Iberia % Central Business District In the first half of the year, the Central Business District reached 399,000 m² following a y-o-y decrease of 7%. A total of 43 transactions, evenly distributed across the various logistics rings, were carried out. Availability rose to 10.6%, an increase of almost one percentage point year on year, but remained stable compared to the previous quarter. Prime rents are still on the rise, now reaching €7.00/m²/month, driven by sustained demand and a limited supply of high-quality properties. Catalonia Take-up in the first half of 2025 totalled 288,000 m², a year-on-year increase of 11%. A total of 24 contracts, 46% of them in the second ring, were concluded. The vacancy rate stands at 5.19%, a y- o-y decrease of 14 basis points. At €9.00/m²/month, rents remained stable in the second quarter of the year, although with upward pressure expected in the medium term. Other logistics hubs Take-up in the rest of Spain totalled 316,000 m² during the first half of the year, following a 76% year-on-year increase. Although 58% of the company's assets have been turnkey projects, there has been growing interest in speculative projects in certain areas. Valencia was the market with the highest take-up, above Barcelona, having reported a record high of over 200,000m². Seville was the second leading market with over 70,000m². Zaragoza came third at just above 30,000m². Rents have seen modest but consistent growth due to sustained demand and very limited supply. Rents in Valencia stand at €5.65/m²/month, and in Zaragoza they remain stable at €4.35/m²/month. 5.00% Prime yield €7.00 Prime rent €5.18 Average rent 151k m² Take-up in Q2-25 10.6% Vacancy rate 3-5 years(1) Standard contract term 129k m² New stock 16.3 M m² Total stock 5.00% Prime yield €9.00 Prime rent €6.11 Average rent 160k m² Take-up in Q2-25 5.19% Vacancy rate 3+2years Standard contract term 32k m² New stock Total stock 11.6k m² Q3 /2025 5,0% 5,8% - 5% 10% 18 19 20 21 22 23 24 Q2-25 Spain-Madrid Portugal-Lisbon Recent Market Trends _
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Montepino Logística SOCIMI, S.A. (Montepino) 8 Lisbon During the second quarter of 2025, Lisbon accounted for 53% of all logistics take-up in Portugal. A total of 47,063 m² was recorded, down 46% year on year. Despite the arrival of new projects to the market, the shortage in supply is still noticeable and has propelled rents. Lisbon and the Oeiras- Cascais corridor have prime rents of €5.25/m² and €6.75/m², respectively. Prime yield remains stable but is still expected to drop. Porto Porto recorded a total of 25,263 square metres of occupied logistics properties in the second quarter of 2025 following an 85% year-on-year increase. Prime rents stand at €6.00/m² in certain areas and are expected to remain stable over the next few quarters. In the Gaia area, rents have risen to €5.50/m². Although the prime yield remained stable during the first half of the year, it is expected to drop. €5.25 Big Box prime rent 4.1% Vacancy rate €6.75 Last Mile prime rent 3.1 M m² Total stock 47.1k m² Take-up in Q2 132k m² Expected delivery of new stock €5.5 Big Box prime rent 1% Vacancy rate 1.8 M m² Total stock 25.3k m² Take-up in Q2 120.4k m² Expected delivery of new stock 3,3 3,5 3,5 4,0 4,0 4,5 5,5 5,56,50% 6,10% 6,00% 4,50% 5,00% 5,75% 5,75% 5,75% 2018 2019 2020 2021 2022 2023 2024 Q2-25 Rent Yields 120 150 130 280 200 235 431 135 2018 2019 2020 2021 2022 2023 2024 Q2-25 Source: Quarterly reports published by CBRE. Q2 2025 Rent (€/m²/month) and prime yield trends in Portugal Take-up in Lisbon and Porto (000 m²) 3 Q3 /2025 2025 PORTUGAL Investment in the logistics sector totalled €121 million in the first half of the year following a fourfold year-on-year increase. Prime yields remain stable at around 5.75%. Recent Market Trends _
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Montepino Logística SOCIMI, S.A. (Montepino) Delivery date Logistics activity Location Type of property Leasable area Environmental certificate WAULB / WAULT 1 Coslada 2 logistics hub 09 / 2022 Distribution Centre Coslada (Madrid) Last mile 4,427 m² 4.5 / 13.5 Platinum 5 Marchamalo 1 logistics hub 04 / 2019 E-commerce Marchamalo (Guadalajara) Big Box (XXL) 186,157 m² 2 / 18 Silver 2 San Fernando de Henares logistics hub 05 / 2021 Cross-dock San Fernando de Henares (Madrid) Last mile 7,937 m² 2.5 / 6.5 Gold 3 Alcobendas logistics hub 09 / 2018 Distribution Centre Alcobendas (Madrid) Last mile 6,241 m² 2.5 / 13 Certified 9 4 Parla logistics hub 05 / 2025 Distribution Centre Parla (Madrid) Big Box (XXL) 25,363 m² 2 / 4 Platinum Annex: Details of the Portfolio _ Operative assets Q3 /2025 (1) Coslada 1 has been removed from the list following its sale. 6 Guadalajara 1A logistics hub 06 / 2019 Distribution Centre Guadalajara Big Box (XXL) 32,632 m² 11 / 21 Silver
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Montepino Logística SOCIMI, S.A. (Montepino) 10 Annex: Details of the Portfolio _ Operative assets Delivery date Logistics activity Location Type of property Leasable area Environmental certificate 7 Guadalajara 1B logistics hub 04 / 2019 Distribution Centre Guadalajara Big Box (XXL) 30,036 m² 11 / 21 Gold 8 Guadalajara 1C logistics hub 04 / 2019 Distribution Centre Guadalajara Big Box (XXL) 28,931 m² 1.5 / 21 Silver 9 Marchamalo 2A logistics hub 05 / 2025 Distribution Centre Marchamalo (Guadalajara) Big Box (XXL) 50,317 m² 5/7 Gold 10 Marchamalo 2B logistics hub 06 / 2022 Distribution Centre Marchamalo (Guadalajara) Big Box (XXL) 54,168 m² 3 / 5 Gold 11 Marchamalo 3 logistics hub 06 / 2021 Distribution Centre Marchamalo (Guadalajara) Big Box (XXL) 36,727 m² 3 / 10 Gold WAULB / WAULT Q3 /2025 12 Cabanillas logistics hub 12 / 2018 Distribution Centre Cabanillas (Guadalajara) Big Box (XXL) 21,598 m² 1.5 / 17.5 Silver
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Montepino Logística SOCIMI, S.A. (Montepino) 11 Delivery date Logistics activity Location Type of property Leasable area Environmental certificate 14 Toledo logistics hub 04 / 2019 E-commerce / Distribution Centre Toledo Big Box (XXL) 92,027 m² 3 / 19 Silver 13 Torija logistics hub 05 / 2022 E-commerce / Distribution Centre Torija (Guadalajara) Big Box (XXL) 53,275 m² 2 / 3 Gold 15 Zaragoza 1 logistics hub 12 / 2010 Distribution Centre Zaragoza Other 15,834 m² 1.5 / 4.5 Gold 16 Zaragoza 2 logistics hub 07 / 2012 Hi Tech Zaragoza Other 13,304 m² 5.5 / 17.5 Gold 17 Castellbisbal 1 logistics hub 02 / 2021 Cross-dock Castellbisbal (Barcelona) Last mile 12,830 m² 5.5 / 30.5 Gold Annex: Details of the Portfolio _ Operative assets WAULB / WAULT Q3 /2025 18 Castellbisbal 2 logistics hub 12 / 2022 Distribution Centre Castellbisbal (Barcelona) Last mile 27,560 m² 13.5 / 18.5 Gold
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Montepino Logística SOCIMI, S.A. (Montepino) 12 Delivery date Logistics activity Location Type of property Leasable area Environmental certificate 19 Sant Esteve A logistics hub 03 / 2021 Distribution Centre Sant Esteve (Barcelona) Last mile 6,167 m² 5.5 / 15.5 Gold 20 Sant Esteve B logistics hub 12 / 2020 Distribution Centre Sant Esteve (Barcelona) Last mile 6,856 m² 5,5 / 5,5 Gold 21 Barberà logistics hub 03 / 2022 Distribution Centre Barberà del Vallès (Barcelona) Last mile 6,202 m² 3 / 13 Gold 22 Alicante 1 logistics hub 09 / 2022 Distribution Centre Alicante Last mile 4,935 m² 4 / 7 Gold 23 Illescas 1A logistics hub 04/2023 Distribution Centre Illescas (Toledo) Big Box (XXL) 140,737 m² 5/23 Platinum Annex: Details of the Portfolio _ Operative assets WAULB / WAULT Q3 /2025 24 Illescas 1C logistics hub 11/2023 Distribution Centre Illescas (Toledo) Big Box (XXL) 78,422 m² 14.5/39.5 Platinum
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Montepino Logística SOCIMI, S.A. (Montepino) 13 25 Zaragoza 3A logistics hub 03/2024 Distribution Centre Zaragoza Last mile 9,317 m² 6/9 Platinum Annex: Details of the Portfolio _ Operative assets 26 Illescas 2 logistics hub 08/2024 Distribution Centre Illescas (Toledo) Big Box (XXL) 58,821 m² 12/29 Platinum 27 Zaragoza 4 logistics hub 09/2024 Distribution Centre Zaragoza Last mile 13,230 m² 10/20 Platinum (1) Environmental certification goal Delivery date Logistics activity Location Type of property Leasable area Environmental certificate 29 Málaga logistics hub 12/2024 E-commerce / Distribution Centre Málaga Last mile 16,786 m² 14.5/24.5 Gold 28 Castanheira A logistics hub 11/2024 E-commerce Lisbon Big Box (XXL) 108,494 m² 20.5/28.5 Platinum Q3 /2025 Delivery date Logistics activity Location Type of property Leasable area Environmental certificate WAULB / WAULT 30 Alaquàs 1 logistics hub 12/2024 Distribution Centre Valencia Last mile 31,384 m² 11/21 Platinum
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Montepino Logística SOCIMI, S.A. (Montepino) 14 Annex: Details of the Portfolio _ Operative assets Delivery date Logistics activity Location Type of property Leasable area Environmental certificate WAULB / WAULT Q3 /2025 31 Alaquàs 2 logistics hub 05/2025 Distribution Centre Valencia Last mile 6,524m² 10/17 Gold
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Montepino Logística SOCIMI, S.A. (Montepino) Annex: Details of the Portfolio _ New builds in progress 32 Logistics hub Alicante 2 Distribution Centre Alicante Last mile 4,371 m² N/A Gold 34 Alicante 3 logistics hub Distribution Centre Alicante Last mile 6,583 m² N/A Gold Q3 /2025 37 Zaragoza 3C logistics hub Distribution Centre Zaragoza Land 8,387 m² 11/21 Gold 15 Delivery date Logistics activity Location Type of property Leasable area Environmental certificate WAULB / WAULT 33 Pradillos M6 logistics hub Distribution Centre Illescas (Toledo) Last mile 16,013 m² 5/15 Gold 35 Guadalajara 1D logistics hub Distribution Centre Guadalajara Big Box (XXL) 48,185 m² 12/22 Gold 36 Zaragoza 3B logistics hub Distribution Centre Zaragoza Land 22,431 m² 11/27 Gold
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Montepino Logística SOCIMI, S.A. (Montepino) Annex: Details of the Portfolio _ New builds in progress Q3 /2025 16 Delivery date Logistics activity Location Type of property Leasable area Environmental certificate WAULB / WAULT 38 Illescas 1B logistics hub Distribution Centre Illescas (Toledo) Land 28,283 m² N/A Gold
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Montepino Logística SOCIMI, S.A. (Montepino) 17 Annex: Details of the Portfolio _ Land 39 Guadalajara 2 logistics hub Distribution Centre Guadalajara Land 125,220 m² N/A Gold 43 Marchamalo logistics hub Common Areas Common Areas Marchamalo (Guadalajara) Land 24,876 m² N/A Gold 42 Marchamalo 4 logistics hub Distribution Centre Marchamalo (Guadalajara) Land 44,137 m² N/A Gold 41 Guadalajara 4 logistics hub Distribution Centre Guadalajara Land 14,695 m² N/A Gold 40 Guadalajara 3 logistics hub Distribution Centre Guadalajara Land 47,920 m² N/A Gold Delivery date Logistics activity Location Type of property Leasable area Environmental certificate WAULB / WAULT Q3 /2025 44 Pradillos M2 logistics hub Distribution Centre Illescas (Toledo) Land 27,591 m² N/A Gold
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Montepino Logística SOCIMI, S.A. (Montepino) 18 47 Pradillos M5 logistics hub Distribution Centre Illescas (Toledo) Land 21,348 m² N/A Gold 46 Pradillos M4 logistics hub Distribution Centre Illescas (Toledo) Land 41,881 m² N/A Gold 45 Pradillos M3 logistics hub Distribution Centre Illescas (Toledo) Land 8,389 m² N/A Gold Delivery date Logistics activity Location Type of property Leasable area Environmental certificate Annex: Details of the Portfolio _ Land WAULB / WAULT 49 Castanheira 1B logistics hub Distribution Centre Lisbon Land 21,881 m² N/A Gold 50 Castanheira 1C logistics hub Distribution Centre Lisbon Land 7,338 m² N/A Gold Q3 /2025 48 Zaragoza 3D logistics hub Distribution Centre Zaragoza Land 36,886 m² N/A Gold
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Montepino Logística SOCIMI, S.A. (Montepino) 51 Ruiseñor 2 logistics hub Distribution Centre Guadalajara Land 42,710 m² N/A Gold 19 Delivery date Logistics activity Location Type of property Leasable area Environmental certificate Annex: Details of the Portfolio _ Land WAULB / WAULT 52 Guadalajara 1E logistics hub Distribution Centre Guadalajara Land 14,940 m² N/A Gold Q3 /2025 53 Ruiseñor 1 logistics hub Distribution Centre Guadalajara Land 87,901 m² N/A Gold
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Montepino Logística SOCIMI, S.A. (Montepino) Q3 /2025 Annex: Glossary of Terms and Definitions _ Take-up: The property leasing rate in the market in a given period, measured in square metres. Ring: In the logistics market, rings are the areas into which the main cities are divided. In Madrid, for example, the first ring is the area inside the circular areas formed by the M-30/M-40 ring road. The second ring is between the first ring and the boundary of the region (20-30 km). Finally, the third ring starts from the second ring (30 km) and ends at 70 km. GAV: Gross Asset Value. Prime: This refers to locations or products that are deemed outstanding for buying or renting purposes. Rent: The amount of money paid on a regular basis to rent a property. It can be stated as a monthly or annual amount and is expressed as the rent per m²/month. Stock: Vacant or unoccupied square metres in the market that are available for rent. Occupancy/Vacancy Rate: This refers to the percentage of property in the market that is occupied/unoccupied. Yield : The rate of return on an investment property. WAULB: Weighted average unexpired lease break. WAULT: Weighted average unexpired lease term.
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Montepino Logística SOCIMI, S.A. (Montepino) Disclaimer _ 21 Q3 /2025 This document has been drawn up by MONTEPINO LOGÍSTICA SOCIMI, S.A. (the "Company") for information purposes only. The information contained in it does not purport to be comprehensive or to contain all the information that may be wanted or required by potential purchasers of the Company's securities in order to inform their decision as to whether or not to buy such securities. MONTEPINO LOGÍSTICA SOCIMI, S.A. is a Spanish public limited company operating under the special SOCIMI regime (Law 11/2009, of 26 October, as amended by Law 16/2012), whose shares are listed on Euronext Access. The information provided in this document has not been independently verified, is not regulated and has not been subject to any prior registration or control by a regulatory body. The financial and operating information provided in the document is taken from the Company's internal and accounting records and may not have been audited. Such information may be audited or subjected to a limited review or any other control by an auditor or independent third party in the future. All the opinions and estimates contained in this document reflect the expert view on its date of issue and are subject to change without notice in the future. The Company does not undertake to report such changes or update the content of this document. Although the information has been taken from sources considered to be reliable by the Company, neither it nor its advisers or representatives give any warranties as to the comprehensiveness, impartiality or accuracy of the information or opinions contained herein. Furthermore, they accept no liability of any kind for any loss or damage that may arise from the use of this document or its content. This document includes statements, forward-looking representations and predictions that may be based on internal analyses carried out by the Company and assumptions regarding its current and future business strategies and the environment in which it operates. The said statements are value judgements that have not been verified by an independent source and are subject to risks, uncertainties and other factors that are either unknown or were not taken into account when preparing this document or at the time of its publication and that may cause the actual results, performance or achievements to be materially different from those expressed or implied in these forward- looking statements. Neither the Company nor any of its advisers or agents accept any liability of any kind for any potential deviations from the estimates, predictions or forward-looking forecasts used in this document. This document does not constitute advice or an offer to sell or issue, or an invitation to buy or subscribe for, securities in the Company. This presentation may not be considered a recommendation by the Company, Valfondo Gestión, S.L., Bankinter Investment SGEIC, S.A.U. or their representatives to buy or subscribe for any securities in the Company. The information provided in this presentation is subject to, and must be read together with, all the information available to the public. Any person who acquires securities in the Company does so at their own risk and discretion. Neither the Company nor any of its advisers or representatives accept any liability of any kind for any loss or damage that may arise from any use of this document or its content. By reviewing this document, you accept and agree to the above limits and restrictions.
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Proud to build a legacy for a better future Bankinter Investment Paseo Eduardo Dato, 18 28010 Madrid Spain