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Knowledge Realty Trust Q2 FY27 Earnings Update November 3, 2026 Annexure B
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 1 TABLE OF CONTENTS Sr. No. Particulars Page No. I. Key Performance Highlights 2 II. Business Update 6 III. Growth Drivers 11 IV. Debt Overview 17 V. Distribution, Valuation & Unitholding Profile 19 VI. Sustainability Initiatives 24 VII. Elevating Occupier Experience 26 VIII. Market Outlook 30 IX. Supplementary Databook 36 X. KRT at a Glance 42
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 Sattva Knowledge Capital, Hyderabad I. Key Performance Highlights
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 3 PERFORMANCE SINCE LISTING Robust operating and financial performance since listing has led to superior returns for unitholders Note: All figures for the period from listing to September 30, 2026 unless mentioned otherwise (1) P rice returns (for the period from listing to September 30, 2026) + Distributions for four quarters until Q1 FY27 OPERATIONAL UNITHOLDER FINANCIAL Committed Occupancy (Sep’25 – Sep’26) (by Value) 20% Total Returns (1) 9,881 11,404 +15% NOI ( ₹ M) (Q2 FY26 – Q2 FY27) 4.8 msf Gross Leasing (Q2 FY26 to Q2 FY27) 36,176 Total Distributions ( ₹ M) NIL 29% Fixed Rate Debt (%) 94 101 In - Place Rent ( ₹ psf ) (Sep’25 – Sep’26) Unitholder Growth 109 127 +16% 16k 46k 3x +7% NAV ( ₹ p.u .) 92% 94% +200 bps
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 4 Q2 FY27 KEY HIGHLIGHTS Strong operating performance during the quarter led to robust distribution growth of 11% YoY (1) Including 0.2 msf pre - leasing at Sattva Endeavour (2) Average spread on 0.5 msf LEASING PERFORMANCE Gross Leasing (1) 0.8 msf Committed Occupancy (by Value) 94% Committed Occupancy (by Area) 93% RENTAL GROWTH 11% YoY GROWTH IN DISTRIBUTION ₹ 6,900 M ₹ 7,640 M Q2 FY26 Q2 FY27 ₹ 1.56 p.u . ₹ 1.72 p.u . DPU (% / ₹ psf) 94 101 Sep'25 Sep'26 Leasing Spread Achieved (2) 24% NOI MARGIN EXPANSION 88% 89% 90% Q4 FY26 Q1 FY27 Q2 FY27
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 Robust financial performance driven by high operating leverage and embedded growth realization 5 Q2 FY27 FINANCIAL HIGHLIGHTS Q2 FY27 DISTRIBUTION MIX (1) (1) The distribution mix may vary in subsequent periods (2) Tax Efficient is sum of Dividend (Tax Exempt), Repayment of Debt (Tax Deferred) and Other Income (Tax Exempt) Q2 FY26 Q2 FY27 Growth REVENUE ( ₹ M) +13% NOI ( ₹ M) +15% EBITDA ( ₹ M) +13% DISTRIBUTIONS ( ₹ M) 12,725 11,404 10,940 7,640 11,238 9,881 9,660 6,900 +11% Dividend 53% Repayment of Debt 28% Other Income 0.1% Interest 18% Q2 FY27 ₹ 1.72 p.u. 82% Tax Efficient (2)
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 Sattva Knowledge Court, Bengaluru II. Business Update
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 Bengaluru 0.3 msf Mumbai 0.3 msf Hyderabad 0.2 msf Rest of India 0.04 msf 7 Q2 FY27 LEASING HIGHLIGHTS Robust leasing activity at healthy spreads driven by front office and GCC occupiers Q2 FY27 LEASING BREAKUP 29% Overall Spread (on 1.1 msf) 30% Re - leasing Spread (on 0.9 msf) 25% Renewal Spread 2.4 msf Gross Leasing 1.7 msf New Leasing 0.2 msf Renewals 0.5 msf Pre - leasing (% by Gross Rents) Gross Leasing 3.5 msf 27% GCC TENANT EXPANSION (% by Gross Rents) CITY WISE LEASING BREAKUP Expansion 54% New 46% New Leasing & Pre - Leasing 0.7 msf Gross Leasing 0.8 msf ( msf ) 24% Average Spread (on 0.5 msf) 0.8 msf Gross Leasing 25% Re - leasing Spread (on 0.4 msf) 0.5 msf New Leasing 18% Spread 0.1 msf Renewals 0.2 msf Pre - Leasing
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 8 FRONT OFFICE DEMAND DRIVES MUMBAI PORTFOLIO OCCUPANCY Occupancy ramp - up across Mumbai portfolio along with strong MTM realization; Further MTM upside available to be realized SELECT MUMBAI ASSETS HYDERABAD BENGALURU (psf) (psf) OCCUPANCY RAMP - UP 89% 92% 95% Mar'26 Jun'26 Sep'26 (%) One Unity Center (1.0 msf ) 84% (Mar’26) 95% (Sep’26) +1100 bps Prima Bay (0.8 msf ) 88% (Mar’26) 100% (Sep’26) +1200 bps One International Center (1.8 msf ) 89% (Mar’26) 96% (Sep’26) +700 bps One BKC (0.8 msf ) 87% (Mar’26) 96% (Sep’26) +900 bps FUTURE MTM VISIBILITY Spread achieved on 0.6 msf Re - leased/Renewed in H1 FY27 28% [ 34% % Rentals expiring (till FY29) [ 31% Average Future MTM (till FY29)
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 9 HYDERABAD REPRICING STRATEGY Facilitating proactive churn in a strong Hyderabad market; Fit - out deals offer NOI accretive value additions Note: Rents & re - leasing spreads computed on gross rents, which include fit - out and car park rent (1) Previous Rent adjusted for efficiency improvement Knowledge City | 56 ksf Knowledge Park | 42 ksf Knowledge City | 23 ksf 78 129 Previous Rent ⁽ ¹⁾ Rent Achieved 103 163 Previous Rent Rent Achieved 127 170 Previous Rent ⁽ ¹⁾ Rent Achieved 83 159 Previous Rent ⁽ ¹⁾ Rent Achieved Knowledge City | 44 ksf ( ₹ psf ) ( ₹ psf ) ( ₹ psf ) ( ₹ psf ) 0.6 msf Re - priced area since listing 41% Spread Achieved Leading Pharmaceutical Firm Premier Global Insurance Provider
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 10 Q2 FY27 LEASING HIGHLIGHTS Sustained leasing momentum led by expansions from existing tenants and addition of new marquee tenants (1) BFSI – Banking, Financial Services and Insurance; Engg. & Mfg. – Engineering and Manufacturing Sandoz Private Limited Key Global Occupiers KEY TRANSACTIONS (Q3 FY26) Occupier Property Sector (2) Type Area (‘000 sf) New Leases S - Vyasa Sattva Global City Education Domestic 202 Ram Ratna Group One Unity Center Engg. & Mfg. Domestic 47 Bitkuber Exora Business Park BFSI Domestic 40 Southwest Airlines Sattva Knowledge City Aviation GCC 20 A.T. Kearney Consulting One International Center RCA MNC 18 Zoetis Sattva Knowledge City Pharma GCC 14 Aura Cloud Technologies Sattva Global City Technology GCC 11 Others Various Various Various 68 Renewals Facebook One BKC Technology MNC 70 CMA CGM One International Center Infra, RE & Logistics MNC 38 Greatship One International Center Infra, RE & Logistics MNC 31 Marsh One World Center BFSI MNC 25 Others Various Various Various 29 Gross Leasing 614 KEY TRANSACTIONS (Q2 FY27) Occupier Property Sector (1) Type Area (‘000 sf) New Leases 650 Global Corporate Administration Firm Sattva Endeavour Technology GCC 188 L&T Hydrocarbon Prima Bay Engg. & Mfg. Domestic 66 World’s largest MF Investment Manager Sattva Knowledge City BFSI GCC 56 Leading Flex Operator One BKC Co-Working Domestic 54 Leading Pharmaceutical Firm Sattva Knowledge Park Pharma & Healthcare GCC 42 Global Infra Consulting Firm Sattva Knowledge Court Engg. & Mfg. GCC 39 RBL Bank One World Center BFSI Domestic 27 Major Life Insurance Provider One Unity Center BFSI Domestic 24 GlobalFoundries Sattva Knowledge City Technology GCC 23 Titan One Trade Tower Engg. & Mfg. Domestic 23 Premier Airline Operator Sattva Knowledge City Aviation MNC 20 Others Various Various Various 88 Renewals 128 Amadeus Exora Business Park Technology GCC 41 Makewell Fintech One F&B Domestic 24 Hardcastle One International Center FMCG & Retail Domestic 15 Others Various Various Various 49 Gross Leasing 778
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 Cessna Business Park, Bengaluru III. Growth Drivers
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 5% / 15% INORGANIC GROWTH 12 MULTI - YEAR GROWTH STORY AI resilient portfolio fortified by multiple drivers for sustained long - term growth (1) Typical lease escalation terms; may vary from lease to lease CONTRACTED REVENUE EMBEDDED GROWTH WALE 7.7 yrs UC / Future Development Area 2.6 / 6.6 msf Brand - agnostic platform Committed Occupancy 93% Vacant area lease - up 2.7 msf Across 4 ROFO assets 6.7 msf (p.a.) MTM Potential 21% Low LTV enabling acquisitions 18% Strong predictable cash flows backed by high occupancy, long WALE & periodic escalations✓ Substantial NOI accretion in the next 3 years through lease up of Vacant / UC area and MTM realization✓ Inorganic growth potential supported by low LTV, healthy ROFO pipeline and brand agnostic positioning✓ Escalations (1) (3 Yrs)
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 13 SIGNIFICANT MTM OPPORTUNITY 21% MTM potential at portfolio level; 66% of H2 FY27 expiries already tied - up or under closure at a 23% spread Base Rentals Expiring (%) 4% 7% 6% 6% MTM Potential (%) 22% 33% 26% 21% UPCOMING EXPIRIES & MTM POTENTIAL (msf & %) [ 25% Average Future MTM (till FY30) PORTFOLIO MTM POTENTIAL ( ₹ psf) 101 122 In-Place Rent Market Rent 1.1 1.3 1.5 1.0 H2 FY27 FY28 FY29 FY30 1.4 msf Avg
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 ONGOING DEVELOPMENTS Sattva Endeavour to be delivered in Q3 FY27 (25% pre - leased); Sattva Spectrum to be delivered in Q4 FY27 14 *Actual Sattva Spectrum Bengaluru 0.5 msf Leasable Area SATTVA ENDEAVOUR, BENGALURU (0.7 msf) Sattva Spectrum (0.5 msf) Bengaluru Sattva Endeavour Bengaluru 0.7 msf Leasable Area *Actual Sattva Endeavour Bengaluru 0.7 msf Leasable Area *Perspective Sattva Global City (New Block) Bengaluru 1.4 msf Leasable Area 25% Pre - Leased
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 INORGANIC GROWTH POTENTIAL Healthy ROFO pipeline presenting an opportunity to accelerate growth and enter new markets 15 ROFO ASSETS LIST ASSET LOCATION AREA (msf) Sattva Texonic Bengaluru 1.9 Sattva Verve Pune 0.7 Sattva Knowledge Hub Chennai 2.7 Sattva Knowledge Center Bengaluru 1.4 Actual Picture Sattva Texonic, Bengaluru | 1.9 msf *Perspective 4 # of assets 6.7 msf Total area 3 # of cities *Perspective Sattva Verve, Pune | 0.7 msf Actual Picture
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 16 INORGANIC GROWTH POTENTIAL (CONT’D) Image Tower: Inorganic growth potential in the Knowledge cluster of Hyderabad (Sponsor pipeline) *Perspective *Actual Image Tower HITEC City, Hyderabad 1.6 msf Leasable Area 30% Pre - leasing 0.5 msf World’s largest MF Investment Manager
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 Sattva Global City, Bengaluru IV. Debt Overview
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 Repo Rate 51% T - bill 20% Fixed 29% Bank 55% NBFC 16% MF / FPI 27% Pension 2% FY27 FY28 FY29 FY30 FY31 FY32 & beyond 0 206 18 DEBT SNAPSHOT Monitoring the interest rate environment to optimize financing costs (1) Net Debt is computed after deducting cash & cash equivalents (post current quarter distribution), investments in mutual funds an d bank deposits with a maturity of more than 3 months (2) LTV = Net debt (post current quarter distribution) / GAV as on Sep 30, 2026 (%) FINANCING BENCHMARKS LENDER MIX (%) ₹ 122 B Net Debt (1) 18% LTV (2) AAA / Stable CRISIL / ICRA Rating 7.2% Average Debt Cost (As of Sep’26) DEBT MATURITY PROFILE REIT SPV 5,000 48 22,000 433 10,096 340 671 329 14,922 72,557 ( ₹ M) Gross Debt ₹ 127 B Gross Debt ₹ 127 B
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 One Unity Center, Mumbai V. Distribution, Valuation & Unitholding Profile
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 Dividend 53% Repayment of Debt 28% Other Income 0.1% Interest 18% Q2 FY27 ₹ 1.72 p.u. 20 DISTRIBUTION PROFILE Robust distributions with a highly tax efficient mix for unitholders Q2 FY27 Distribution Period November 3, 2026 Declaration Date November 6, 2026 Record Date On or before November 16, 2026 Payment Date DISTRIBUTION MIX (1) DISTRIBUTION HIGHLIGHTS (%) 82% (2) Distribution Tax Exempt / Deferred ₹ 6,900 M Distribution Amount 4,435 M Units Outstanding ₹ 1.6 Distribution Per Unit (DPU) ₹ 7,640 M Distribution Amount 4,434 M Units Outstanding ₹ 1.72 Distribution Per Unit (DPU) (1) The distribution mix may vary in subsequent periods. The quarterly mix may not be indicative of the annual mix of distributio n c omponents (2) Tax Efficient is sum of Dividend (Tax Exempt), Repayment of Debt (Tax Deferred) and Other Income (Tax Exempt)
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 21 NDCF WALKDOWN (Amounts in ₹ M, unless stated otherwise) Particulars Q2 FY27 Revenue from Operations 12,725 Property Taxes and Insurance (305) Direct Operating Expenses (1,017) NET OPERATING INCOME 11,404 Other Income 142 Property Management Fees (317) Indirect Operating Expenses (289) EBITDA at SPV level 10,940 Working Capital and other adjustments 662 Cash Taxes (1,432) Interest on Debt (1,492) NDCF at SPV level 8,678 Distribution from SPVs to REIT 8,678 Interest on Debt at REIT Level (950) Other Inflows / (Outflows) at REIT Level (88) NDCF at REIT level 7,641 DISTRIBUTION 7,640 DPU ( ₹ p.u.) 1.72
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 22 UNITHOLDER PROFILE Diversified unitholding underpinned by marquee institutional investors and a 3x growth in unitholders (1) As of October 30, 2026 (2) As of September 30, 2026 (3) Sponsor and Sponsor Group (4) Others include NRI, NBFC, Bank and Trust KEY HIGHLIGHTS Market Cap (1)₹ 485 B Units Outstanding 4,434 M Total Unitholders 46k+ KEY INVESTORS TOP INSTITUTIONAL INVESTORS DIIs ▪ LIC ▪ SBI Life ▪ Tata AIG ▪ 360 One (3) ▪ UTI MF ▪ HDFC Life ▪ Kotak Life ▪ SBI General HDFC Life SBI Pension PPFAS MF SBI MF LIC 360 One Norges Bank Manulife Pictet Sponsors ⁽ ³⁾ 54% MF & AIF 14% Retail & HNI 12% Insurance & Pension 9% Corporate Body 8% FII 3% Others ⁽ ⁴⁾ 0% UNITHOLDING PATTERN (2) (%) UNITHOLDER GROWTH 16k 46k At Listing Current
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 VALUATION HIGHLIGHTS Expansion in portfolio value underscored by geographic breadth and leasing momentum (1) GAV as of Sep 30, 2026, derived from the Valuation Report issued by independent valuer (iVAS Partners) (2) Includes Net Debt, Security Deposits and Other Liabilities (net of Other Assets) Particulars Amount ( ₹ M) Gross Asset Value (GAV) (1) 6,88,631 Less: Net Liabilities (2) (1,27,477) Net Asset Value (NAV) 5,61,154 No. of Units (M) 4,434 NAV Per Unit ( ₹ ) 127 Bengaluru 32% / 25 msf Mumbai 33% / 6 msf Hyderabad 31% / 13 msf Others 5% / 3 msf ₹ 689 B / 46 msf 95% GAV in India’s Best Performing Office Markets GEOGRAPHICAL SPREAD 23 (% GAV / Area) (1) NAV COMPUTATION AS OF SEPTEMBER 30, 2026
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 One Qube, Gurugram VI. Sustainability Initiatives
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 SUSTAINABILITY FOCUS WITH A LONG - TERM VISION Sustainability - led practices supporting long - term value and governance standards Net Zero Emission Goal 25 76% Green - certified portfolio (by Value) (1) WELL v2 has been obtained by 8 assets, and WELL pre - certification has been obtained by 2 assets BUILDING CERTIFICATIONS & AWARDS 5 - star (Portfolio - wide) LEED certification (O&M) (9 assets) BD+C certification (13 assets) WELL certification (10 assets) (1) LEED Zero Energy certification (2 assets) BEE star ratings (11 assets) IT Park Project of the Year 2025 (Knowledge Park) Energy Efficient Unit award 2025 (5 assets) ISO certification (12 assets) 69% Energy sourced via renewable power Q2 FY27 KEY HIGHLIGHTS 28% Gender diversity ratio 95% Waste diversion from landfill
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 Sattva Knowledge Court, Bengaluru VII. Elevating Occupier Experience
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 F&B ADDITIONS Premium F&B outlets added to the portfolio, elevating occupier experience 27 Boojee Café, One BKC The Dimsum Room Izakaya, One BKC Karta, Sattva Knowledge City Theory Patisserie & Café, Sattva Knowledge Park
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 ENERGIZING OUR PARKS Life At KRT - Elevating the KRT experience through tenant engagement initiatives 28 Book Fair, Sattva Knowledge Park & One World Center Navratri Celebration, Sattva Knowledge City Sunday Soul Sante, Sattva Global City 7,500+ Visitors 220 + Stalls
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 ONE YEAR LISTING ANNIVERSARY Celebrating One Year of India’s Finest Business Address with our Occupiers 29
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 Prima Bay, Mumbai VIII. Market Outlook
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 31 INDIA OFFICE MARKET UPDATE Strong fundamentals across KRT core markets driving positive leasing outlook Mumbai Bengaluru Chennai Hyderabad NCR Source: Data from CBRE (Stock and Vacancy are as of September 30, 2026; Absorption and Supply are for the three months ended Sep tember 30, 2026) (1) Others include Kolkata and GIFT City Q3 CY26 OFFICE MARKET SNAPSHOT Q3 CY26 GROSS ABSORPTION SHARE Q3 CY26 SUPPLY SHARE Pan - India 984 18% 21 19 165 18% 4 1 160 13% 3 0 Pune 101 25% 1 3 162 25% 5 10 97 11% 2 1 Kolkata 28 5% 0 0 264 17% 5 4 Hyderabad 25% Bengaluru 25% NCR 21% Mumbai 12% Chennai 9% Pune 7% Others ⁽ ¹⁾ 2% Gross Absorption 21 msf Q2 CY25 GIFT City 6 21% 0 0 Hyderabad 54% Bengaluru 21% Pune 14% NCR 5% Chennai 4% Mumbai 2% Others ⁽ ¹⁾ , 0% Supply 19 msf Stock (msf) Vacancy (%) Gross Absorption (msf) Supply (msf)
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 67 37 45 63 70 81 83 88 96 99 50 40 48 46 55 47 58 67 78 75 66 47 15% 18% 21% 21% 21% 19% 19% 18% 18% 17% CY19 CY20 CY21 CY22 CY23 CY24 CY25 CY26P CY27P CY28P INDIA EXPECTED TO WITNESS ROBUST GRADE - A OFFICE DEMAND Record demand for Grade - A office to outpace projected supply 32 Source: Data from CBRE Gross Absorption Supply Record Absorption GROSS ABSORPTION AND SUPPLY (msf) COVID Impact Vacancy (%)
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 18 16 23 22 23 25 26 11 15 14 16 21 22 22 18 19 13% 16% 16% 16% 17% 17% 17% 87 88 92 96 100 105 110 0 5 10 15 20 25 30 35 40 0 5 10 15 20 25 30 35 40 CY22 CY23 CY24 CY25 CY26P CY27P CY28P Gross Absorption (msf) Supply (msf) Vacancy (%) Rental (psf pm) 33 BENGALURU: KRT CORE MARKET 80.7% Area expiring [H2FY26 to FY30] 98.9% Area expiring [H2FY26 to FY30] 22.8% Area expiring [H2FY26 to FY30] 86.3% Area expiring [H2FY26 to FY30] 1 st Largest Net Absorption (1) 4 th Largest Technology hub globally (4) 27% Share of pan - India total office stock (2) 41% GCC Leader in India (3) 9% of India’s stock (2) 53% of KRT’s Bengaluru stock in ORR (5) To get latest map from FOD Vacancy to be added Source: Data from CBRE (1) CY2016 – Q3 CY2026 (4) Ministry of MSME, Government of India (2) As of September 30, 2026 (5) % of KRT stock in ORR to total KRT Bengaluru stock by Completed Area (3) Share of office space leasing by GCC during CY2022 – 9M CY2026 Mysore Road Electronic City Sarjapur Road Outer Ring Road Whitefield NBD EBD CBD 18 KRT Assets Outer Ring Road (ORR) Dominant Micro - market of India KRT’s BENGALURU PRESENCE
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 7 12 13 11 15 14 13 14 17 13 11 14 14 12 12 11 21% 25% 25% 27% 26% 25% 24% 62 62 67 76 84 88 91 0 5 10 15 20 25 30 35 40 0 5 10 15 20 25 30 35 40 CY22 CY23 CY24 CY25 CY26P CY27P CY28P Gross Absorption (msf) Supply (msf) Vacancy (%) Rental (psf pm) KRT’s HYDERABAD PRESENCE 34 HYDERABAD: KRT CORE MARKET 80.7% Area expiring [H2FY26 to FY30] 98.9% Area expiring [H2FY26 to FY30] 22.8% Area expiring [H2FY26 to FY30] 86.3% Area expiring [H2FY26 to FY30] Source: Data from CBRE / JLL (1) CY2016 – Q3 CY2026 (4) Knight Frank India Prime City Index Report (2024 – 25) (2) Share of office space leasing by GCC during CY2022 – 9M CY2026 (5) CY2022 – Q3 CY2026 (3) JLL (6) % of KRT stock in HITEC City to total KRT Hyderabad stock PBD East BKC & BKC - O Ext - CBD 2 nd Largest Net Absorption (1) 21% 2 nd highest GCC Leasing in India (2) 2 nd Best Infrastructure in India (4) ~1M Tech Workforce in Telangana (3) 82% of KRT’s Hyderabad stock in HITEC (6) 62% HITEC City share of net absorption in Hyderabad (5) IT Corridor – HITEC City Ext. IT Corridor – Financial District 3 KRT Assets IT CORRIDOR - HITEC CITY Dominant Micromarket of Hyderabad
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 8 9 13 15 14 18 19 4 5 7 5 7 10 12 9 4 23% 22% 18% 15% 15% 13% 12% 133 135 145 164 179 190 203 0 5 10 15 20 25 30 0 5 10 15 20 25 30 CY22 CY23 CY24 CY25 CY26P CY27P CY28P Gross Absorption (msf) Supply (msf) Vacancy (%) Rental (psf pm) KRT’s MUMBAI PRESENCE 35 MUMBAI: KRT CORE MARKET 80.7% Area expiring [H2FY26 to FY30] 98.9% Area expiring [H2FY26 to FY30] 22.8% Area expiring [H2FY26 to FY30] 86.3% Area expiring [H2FY26 to FY30] Source: Data from CBRE (1) As of September 30, 2026 (4) Estimated from data published by MMRDA and RBI, 2024 (2) FY25 (Financial Express) (5) CY2022 – 9M CY2026 (3) Share of absorption during 9M CY2026 3.9% $140B contribution to GDP (4) $ 88.7 B Highest FDI Equity Inflows in the country (2) 4 th Largest share of pan - India total office stock (1) 25% BFSI space take up (3) 3.1% Projected CY27 vacancy 11% Annual Rental growth (5) 3.5% Vacancy in BKC & BKC - O (1) 8% Annual Rental growth (5) Ext - CBD BKC and BKC - O To get latest map from FOD Vacancy to be added 29% of India’s Direct Tax collection (2) PBD East BKC & BKC - O Ext - CBD 5 KRT Assets
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 One BKC, Mumbai IX. Supplementary Databook
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 37 KEY PORTFOLIO STATISTICS (1) UC – Under Construction; FDA – Future Development Area (2) Others include 12 assets namely Sattva Techpoint, One Trade Tower, Sattva Touchstone, Sattva Infozone, Sattva Magnificia (I & II ), Sattva South Avenue, Sattva Eminence, Sattva Cosmo Lavelle, Sattva Premia, Sattva Supreme, Sattva Endeavour and Sattva Spectrum Rent ( ₹ psf pm) GAV In-place Market ₹ M % Total Hyderabad 12.9 - 12.9 99% 80 111 38% 2,01,380 29% 11.1 Sattva Knowledge City 7.3 - 7.3 100% 83 120 44% 1,18,783 17% 9.7 Sattva Knowledge Park 3.3 - 3.3 96% 80 120 49% 54,399 8% 9.5 Sattva Knowledge Capital 2.3 - 2.3 100% 69 68 (2%) 28,198 4% 19.1 Mumbai 6.1 - 6.1 95% 218 250 15% 2,20,382 32% 3.3 One International Center 1.8 - 1.8 96% 189 220 16% 55,954 8% 2.3 One Unity Center 1.0 - 1.0 95% 205 245 20% 33,882 5% 4.8 One World Center 1.8 - 1.8 93% 218 255 17% 63,345 9% 2.9 One BKC 0.8 - 0.8 96% 370 416 12% 47,757 7% 3.4 Prima Bay 0.8 - 0.8 100% 165 165 0% 19,444 3% 3.7 Bengaluru 15.3 9.2 24.6 86% 78 88 12% 2,03,320 30% 10.0 Cessna Business Park 4.2 - 4.2 94% 72 95 31% 48,006 7% 14.3 Sattva Global City 4.2 8.0 12.2 80% 60 60 0% 40,560 6% 9.6 Exora Business Park 2.2 - 2.2 82% 92 100 9% 35,180 5% 6.3 Sattva Softzone 1.0 - 1.0 86% 102 107 5% 16,910 2% 4.3 Sattva Knowledge Court 0.9 - 0.9 99% 74 80 8% 11,484 2% 10.5 Sattva Horizon 0.6 - 0.6 100% 62 66 6% 5,916 1% 18.0 Others (12 assets) (2) 2.2 1.2 3.5 79% 105 108 3% 45,264 7% 7.8 Rest of India 2.9 - 2.9 96% 58 70 20% 30,101 4% 5.8 Kosmo One, Chennai 1.9 - 1.9 97% 46 57 24% 15,806 2% 4.5 One Qube, Gurugram 0.6 - 0.6 90% 112 125 12% 10,119 1% 6.8 Fintech One, GIFT City 0.5 - 0.5 98% 50 63 27% 4,176 1% 7.9 Sub-Total (Office) 37.3 9.2 46.5 93% 101 122 21% 6,55,183 95% 7.7 Solar - - 63.0 MW - - - - 4,110 1% - Maintenance Services - - - - - - - 29,339 4% - Sub-Total (Other Assets) - - - - - - - 33,449 5% - Total Portfolio 37.3 9.2 46.5 / 63.0 MW 93% 101 122 21% 6,88,631 100% 7.7 WALE (Yrs) Completed Area (msf) UC & FD Area (1) (msf) Total Leasable Area (msf) Committed Occupancy (%) MTM % Asset
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 38 LEASE EXPIRY SCHEDULE (1) Others include 12 assets namely Sattva Techpoint , One Trade Tower, Sattva Touchstone, Sattva Infozone , Sattva Magnificia (I & II), Sattva South Avenue, Sattva Eminence, Sattva Cosmo Lavelle, Sattva Premia, Sattva Supreme, Sattva Endeavour and Sattva Spectrum H2 FY27 FY28 FY29 FY30 FY27 Area ('000 sf) / % of Base Rentals In-place Rent ( ₹ psf pm) / MTM (%) Area ('000 sf) / % of Base Rentals In-place Rent ( ₹ psf pm) / MTM (%) Area ('000 sf) / % of Base Rentals In-place Rent ( ₹ psf pm) / MTM (%) Area ('000 sf) / % of Base Rentals In-place Rent ( ₹ psf pm) / MTM (%) Hyderabad 11 / 0% 100 / 26% 106 / 1% 89 / 48% 85 / 1% 115 / 21% 50 / 0% 93 / 57% Sattva Knowledge City 11 / 0% 100 / 26% 85 / 1% 90 / 47% 85 / 2% 115 / 21% 50 / 1% 93 / 57% Sattva Knowledge Park - - 21 / 1% 86 / 54% - - - - Sattva Knowledge Capital - - - - - - - - Mumbai 562 / 9% 190 / 28% 744 / 13% 214 / 37% 652 / 12% 225 / 25% 701 / 13% 231 / 21% One International Center 412 / 24% 183 / 26% 242 / 13% 169 / 44% 176 / 11% 197 / 29% 461 / 32% 218 / 23% One Unity Center - - 47 / 5% 207 / 30% 47 / 5% 213 / 33% 47 / 6% 249 / 20% One World Center 142 / 8% 203 / 32% 210 / 13% 212 / 33% 374 / 26% 237 / 24% 110 / 8% 247 / 25% One BKC 8 / 1% 328 / 33% 157 / 21% 314 / 46% 17 / 3% 425 / 13% 27 / 5% 438 / 15% Prima Bay - - 88 / 12% 169 / 7% 38 / 5% 167 / 15% 55 / 9% 190 / 6% Bengaluru 252 / 3% 117 / (5%) 404 / 5% 115 / 18% 357 / 3% 76 / 16% 247 / 2% 81 / 8% Cessna Business Park 16 / 1% 126 / (21%) 86 / 3% 92 / 14% - - - - Sattva Global City - - - - 20 / 1% 63 / 10% 161 / 7% 70 / 4% Exora Business Park 85 / 6% 122 / (14%) 139 / 7% 77 / 43% 42 / 2% 80 / 44% 45 / 3% 107 / 14% Sattva Softzone 114 / 15% 114 / (2%) 32 / 4% 113 / 5% - - - - Sattva Knowledge Court - - - - - - - - Sattva Horizon - - - - - - - - Others (12 assets) (1) 36 / 2% 108 / 15% 147 / 14% 165 / 9% 294 / 13% 76 / 12% 41 / 2% 93 / 12% Rest of India 256 / 7% 44 / 35% 96 / 3% 51 / 22% 421 / 12% 47 / 46% 10 / 0% 42 / 64% Kosmo One, Chennai 256 / 13% 44 / 35% 96 / 6% 51 / 22% 407 / 21% 44 / 48% 10 / 1% 42 / 64% One Qube, Gurugram - - - - 14 / 3% 118 / 23% - - Fintech One, GIFT City - - - - - - - - Total Portfolio 1,081 / 4% 137 / 22% 1,349 / 7% 163 / 33% 1,515 / 6% 134 / 26% 1,008 / 6% 185 / 21% Asset
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 39 DEBT OVERVIEW Note: Loan Facility at REIT Level and LRD at SPV Level comprises of both Term Loan and OD facilities Principal Repayment Schedule ( ₹ M) H2 FY27 FY28 FY29 FY30 FY31 FY32 & Beyond REIT Level NCD CRISIL / ICRA AAA Fixed 16,000 16,000 7.2% - - 16,000 - - - 16,000 NCD CRISIL / ICRA AAA Fixed 10,000 10,000 7.5% - - - 10,000 - - 10,000 NCD CRISIL / ICRA AAA Fixed 6,000 6,000 7.5% - - 6,000 - - 6,000 CP CRISIL A1 Fixed 5,000 5,000 7.0% 5,000 - - - - 5,000 Loan Facility CRISIL / ICRA AAA Floating 16,000 15,689 7.2% - - - 96 671 14,922 15,689 Sub-total (A) 53,000 52,689 7.3% 5,000 - 22,000 10,096 671 14,922 52,689 SPV Level LRD (One World Center) ICRA AAA Floating 25,000 17,975 7.2% - - - - - 17,975 17,975 LRD (One BKC) CRISIL AAA Floating 21,120 14,962 7.3% - - - - - 14,962 14,962 LRD (Exora Business Park) ICRA AAA Floating 12,000 11,228 7.3% - - - - - 11,228 11,228 LRD (Prima Bay) CRISIL AAA Floating 9,500 8,355 7.1% - - - - - 8,355 8,355 LRD (Knowledge Park) CRISIL AAA Floating 11,250 6,839 7.3% - - - - - 6,839 6,839 LRD (Kosmo One) CRISIL AAA Floating 7,400 5,654 7.1% - - - - - 5,654 5,654 LRD (Knowledge Park) CRISIL AAA Floating 6,750 4,158 7.3% - - - - - 4,158 4,158 LRD (Knowledge Capital) CRISIL AAA Floating 2,750 1,961 7.3% 48 184 206 213 232 1,078 1,961 LRD (Knowledge Court) CRISIL AAA Floating 3,500 1,625 7.3% - - - - - 1,625 1,625 LRD (Knowledge Capital) CRISIL AAA Floating 1,150 673 7.3% - - 33 91 97 452 673 LRD (Sattva Touchstone) CRISIL AAA Floating 1,440 252 7.3% - 22 194 36 - - 252 LRD (Global City) CRISIL AAA Floating 2,500 186 7.1% - - - - - 186 186 CAM Bangalore NA Floating 47 45 7.5% - - - - - 45 45 CAM Hyderabad NA Floating 19 - 7.5% - - - - - - - Sub-total (B) 1,04,426 73,913 7.2% 48 206 433 340 329 72,557 73,913 TOTAL (A+B) 1,57,426 1,26,602 7.2% 5,048 206 22,433 10,436 1,000 87,479 1,26,602 Total ( ₹ M) Interest Rate (%) Description Rating Fixed/ Floating Total Facility ( ₹ M) O/s Principal ( ₹ M)
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 40 FINANCIAL METRICS (1) Sattva Softzone Complex includes Sattva Softzone, Sattva Touchstone, Sattva Magnificia II, Sattva Spectrum and Sattva Supreme (2) Others include Sattva Techpoint, One Trade Tower, Sattva Infozone, Sattva Magnificia I, Sattva South Avenue, Sattva Eminence, Sa ttva Cosmo Lavelle and Sattva Premia (3) Primarily on account of revenue of CAM Mumbai, CAM Bengaluru — II, One BKC Solar and Prima Bay Solar as these assets recover incom e from certain Asset SPVs, who further recover it from tenants Revenue from Operations (Amounts in ₹ M) Three months ended Six months ended Sep 30, 2026 Sep 30, 2025 Variance (%) Sep 30, 2026 Sep 30, 2025 Variance (%) Hyderabad Sattva Knowledge City 2,206 1,930 14% 4,352 3,792 15% Sattva Knowledge Park 881 810 9% 1,736 1,506 15% Sattva Knowledge Capital 500 481 4% 991 959 3% Mumbai One BKC 844 853 (1%) 1,697 1,659 2% One World Center 1,158 940 23% 2,277 1,839 24% One International Center, One Unity Center 1,642 1,171 40% 3,175 2,323 37% Prima Bay 416 422 (2%) 813 830 (2%) Bengaluru Cessna Business Park 935 963 (3%) 1,878 1,925 (2%) Exora Business Park 570 602 (5%) 1,063 1,199 (11%) Sattva Global City 654 565 16% 1,321 1,103 20% Sattva Softzone Complex (1) 449 384 17% 911 763 19% Sattva Knowledge Court 234 199 18% 451 403 12% Sattva Horizon 115 105 9% 229 105 119% Others (2) 525 404 30% 1,029 827 24% Rest of India Kosmo One, Chennai 358 320 12% 705 637 11% One Qube, Gurugram 195 157 24% 390 295 32% Fintech One, GIFT City 83 75 10% 166 152 9% Sub-Total (Office) 11,762 10,382 13% 23,183 20,316 14% Solar 119 56 113% 239 129 85% Maintenance Services 1,524 1,480 3% 3,098 2,946 5% Sub-Total (Ancillary Assets) 1,644 1,536 7% 3,337 3,075 9% Inter Property Eliminations (3) (680) (680) NA (1,364) (1,371) NA Total Portfolio 12,725 11,238 13% 25,156 22,019 14% Particulars
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 41 FINANCIAL METRICS (1) Sattva Softzone Complex includes Sattva Softzone, Sattva Touchstone, Sattva Magnificia II, Sattva Spectrum and Sattva Supreme (2) Others include Sattva Techpoint, One Trade Tower, Sattva Infozone, Sattva Magnificia I, Sattva South Avenue, Sattva Eminence, Sa ttva Cosmo Lavelle and Sattva Premia Net Operating Income (Amounts in ₹ M) Three months ended Six months ended Sep 30, 2026 Sep 30, 2025 Variance (%) Sep 30, 2026 Sep 30, 2025 Variance (%) Hyderabad Sattva Knowledge City 2,166 1,882 15% 4,254 3,695 15% Sattva Knowledge Park 856 776 10% 1,681 1,435 17% Sattva Knowledge Capital 490 476 3% 975 949 3% Mumbai One BKC 750 754 (1%) 1,511 1,466 3% One World Center 1,030 807 28% 2,019 1,578 28% One International Center, One Unity Center 1,430 956 50% 2,740 1,894 45% Prima Bay 362 365 (1%) 705 720 (2%) Bengaluru Cessna Business Park 837 873 (4%) 1,691 1,746 (3%) Exora Business Park 475 516 (8%) 877 1,027 (15%) Sattva Global City 570 479 19% 1,156 948 22% Sattva Softzone Complex (1) 407 362 13% 845 720 17% Sattva Knowledge Court 221 189 17% 426 384 11% Sattva Horizon 108 91 17% 217 91 139% Others (2) 477 349 37% 927 731 27% Rest of India Kosmo One, Chennai 283 249 14% 556 489 14% One Qube, Gurugram 162 123 31% 323 228 42% Fintech One, GIFT City 69 62 12% 138 125 11% Sub-Total (Office) 10,693 9,309 15% 21,042 18,223 15% Solar 88 34 156% 176 86 106% Maintenance Services 624 538 16% 1,304 1,235 6% Sub-Total (Ancillary Assets) 711 572 24% 1,480 1,320 12% Total Portfolio 11,404 9,881 15% 22,521 19,544 15% Particulars
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 One BKC, Mumbai X. KRT at a Glance
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 43 PORTFOLIO OVERVIEW India’s largest REIT (1) comprising Grade - A office ecosystems representing a broad proxy for India’s commercial RE market GIFT City (2) (1%) Mumbai (33%) Bengaluru (32%) Chennai (2%) Hyderabad (31%) Gurugram (2%) 29 High quality Grade - A assets 46 msf Total leasable area (3) 21% MTM 93 % Committed Occupancy MULTI - MARKET PRESENCE KEY HIGHLIGHTS (% of GAV) 19% LTV 23% MTM 15% Lowest SEZ Exposure (4) (1) As of Sep 30 th , 2025 (2) Represents Ahmedabad (3) Includes 23 business parks / centers and 6 city - center office buildings (4) As of Sep 30 th , 2025; WALE as per base rentals 32% Front Office Portfolio (4) 30% Front Office Portfolio (4) Front - office Portfolio (32%) (4) Brand agnostic approach to target inorganic growth Brand - agnostic strategy to drive inorganic growth 32% Front - office portfolio (4) strengthening diversification 8.4 yrs WALE (4) 18% LTV 14% Low SEZ exposure (6) 32% Front office portfolio (5) Brand - agnostic strategy to drive inorganic growth ₹ 689B GAV (4) 95% GAV in India’s best performing markets (1) By market capitalization as of October 30, 2026 (4) As of September 30, 2026 (2) Represents Ahmedabad (5) % by Gross Rents (3) Completed Area - 37 msf (6) % of total leasable area
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 44 KRT SERVICES OFFICE FOR INDIA & OFFICE FOR THE WORLD AI Resilient portfolio anchored by marquee Front Office and GCC occupiers TOP 10 TENANTS (1) (27%) Note: Cisco and Amazon operate both GCC and Front Office functions ; Google’s operations also includes certain non - GCC functions (1) % by Gross Rents AI RESILIENT OCCUPIER PROFILE 5% 5% 4% 2% 2% 2% 2% 2% 2% 2% GCC Front Office 31% GCC Front Office 32% Front Office (1) 46% GCC (1) J.P. Morgan Services Big 4 Accounting Firm Cisco Indian Digital Payments Giant Amazon
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 45 BEST - IN - CLASS BUSINESS PARKS IN HYDERABAD Sattva Knowledge City 7.3 msf Sattva Knowledge Park 3.3 msf Sattva Knowledge Capital 2.3 msf
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 46 GRADE - A FRONT OFFICES IN MUMBAI’S MOST PROMINENT MICRO - MARKETS One International Center 1.8 msf Prima Bay 0.8 msf One Unity Center 1.0 msf One World Center 1.8 msf One BKC 0.8 msf
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 47 DOMINANT PRESENCE IN BENGALURU, INDIA’S BEST PERFORMING OFFICE M ARKET Sattva Knowledge Court 0.9 msf Sattva Horizon 0.6 msf Cessna Business Park 4.2 msf Exora Business Park 2.2 msf One Trade Tower 0.2 msf
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 Notes: ▪ All figures in this presentation are as of September 30, 2026, unless otherwise specified ▪ All figures corresponding to year denoted with “FY” are as of or for the one - year period ending (as may be relevant) March 31 st of the respective year. Similarly, all figures corresponding to year denoted with “CY” are as of or for the one - year period ending (as may be relevant) December 31 st of the respective year ▪ Some of the figures in this Presentation have been rounded - off to the nearest decimal for the ease of presentation Key Terms and Definitions: 1. Base Rentals – Rental income contracted from the leasing of Completed Area; does not include fit - out, parking income and other i ncome from F&B, retail, telecom and other amenity tenants 2. Committed Area - Area for which (a) an agreement to lease / letter of intent has been signed, (b) lease commencement date is after the relevan t fiscal / period and the building has received occupancy certificate prior to the relevant fiscal / period and (c) area for which a Har d O ption is available with agreed future leasing conditions and the building has received occupancy certificate prior to the relevant fiscal / period 3. Committed Occupancy (%) = (Occupied Area + Committed Area) / Completed Area 4. Completed Area – The Leasable Area of a property for which occupancy certificate has been received 5. DPU – Distribution per unit 6. GCCs – Global capability centers, which are offshore services hubs established by MNCs to perform strategic functions, leveragin g knowledge - based talent, cost and operational efficiencies 7. Gross Rentals - Gross Rentals is the sum of Base Rentals, fit - out, car parking income and other income from F&B, retail, telecom and other ameni ty tenants from Occupied Area 8. Leasable Area / Total Leasable Area (sf) – Total square footage that can be occupied by a tenant for the purpose of determining a tenant’s rental obligations. Leasable Area is the sum of Completed Area, Under Construction Area and Future Development Area 9. LTV - The ratio of the net indebtedness of Knowledge Realty Trust to its GAV, expressed as a percentage 10. msf - Million square feet 11. MTM – Mark to Market 12. Occupied Area - Completed Area for which lease agreements / lease and licence agreements have been signed with tenants 13. psf pm - per square feet per month 14. Re - leasing spread - Refers to the change in rent per square foot between new and expiring leases, expressed as a percentage 15. Repayment of Debt (Distribution Mix) – Repayment of Debt by SPVs to Trust 16. WALE - Weighted Average Lease Expiry (weighted according to Base Rentals (as defined above)). Calculated assuming tenants for Oc cupied Area exercise all their renewal options post expiry of their initial commitment period as per terms of lease contract 1. xxxxxxxxxxx KEY TERMS AND DEFINITIONS 48
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201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 201 230 240 120 179 206 120 171 168 63 112 105 255 189 115 255 157 61 254 238 145 234 206 92 49 DISCLAIMER This presentation is issued by Knowledge Realty Office Management Services Private Limited (formerly known as Trinity Office Management Services Private Limited) (the “ Manager ”) in its capacity as the Manager of Knowledge Realty Trust (“ KRT ”), for general information purposes only, without regards to the specific objectives, financial situation or requirements of any particular person . This presentation may not be copied, published, distributed or transmitted, in whole or in part, for any purpose, and should not be construed as legal, tax, investment or other advice . This presentation does not constitute a prospectus, placement document, letter of offer, information document, offer document, offering circular or offering memorandum and is not an offer or invitation or recommendation or solicitation or inducement to buy or sell any securities including any securities of : (i) KRT, its holding companies, its special purpose vehicles or its other portfolio entities ; or (ii) the Manager ; or (iii) any of the sponsors or members of the sponsor groups of KRT ; or (iv) the trustee of KRT, or (v) any of the respective affiliates of the foregoing, nor shall part, or all, of this presentation form the basis of, or be relied on, in connection with, any contract or investment decision in relation to any securities . Unless otherwise stated, the information contained herein is based on management information and estimates . The information contained herein is only current as of the date specified herein, has not been independently verified and may be subject to change without notice . Please note that past performance is not indicative of future results . Please note that the recipient will not be updated in the event the information becomes stale . The Manager assumes no responsibility to publicly amend, modify or revise any forward - looking statements, on the basis of any subsequent development, information or events, or otherwise . The Manager, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of the contents including any information or opinions contained herein . Any opinions expressed in this presentation or the contents of this presentation are subject to change without notice . Neither the delivery of this presentation nor any further discussions of the Manager with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of KRT since the date of this presentation . This presentation also contains forward - looking statements based on the currently held beliefs, opinions and assumptions of the Manager . Forward - looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of KRT or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward - looking statements . Given these risks, uncertainties and other factors, our occupiers and the Indian and global economies, recipients of this presentation are cautioned not to place undue reliance on these forward - looking statements . The Manager disclaims any obligation to update these forward - looking statements to reflect future events or developments or the impact of events which cannot currently be ascertained . In addition to statements which are forward looking by reason of context, the words ‘may’, ‘will’, ‘should’, ‘expects’, ‘plans’, ‘intends’, ‘anticipates’, ‘believes’, ‘estimates’, ‘predicts’, ‘potential’ or ‘continue’ and similar expressions identify forward - looking statements . Certain information presented herein is based on management information, assumptions and estimates and is not audited or reviewed by an auditor or based on GAAP, Ind AS or any other internationally accepted accounting principles . The reader should not consider such items as an alternative to the historical financial results or other indicators of KRT's profit, cash flows or distribution based on any GAAP . Actual results may be materially different from the expectations expressed or implied by this information, and there can be no assurance that the expectations reflected in this information will prove to be correct . By reading this presentation the recipient acknowledges that the recipient will be solely responsible for its own investigation, assessment and analysis of the market and the market position of KRT and that the recipient will conduct its own analysis and be solely responsible for forming its own view of the potential future performance of the business of KRT . This presentation may not be all inclusive and may not contain all of the information that the recipient considers material . The distribution of this presentation in certain jurisdictions may be restricted by law . Accordingly, any persons in possession of this presentation should inform themselves about and observe any such restrictions . None of KRT, the Manager, the sponsors, the sponsor groups, the trustee or any of their respective affiliates, advisers or representatives accept any liability whatsoever for any loss howsoever arising from any information presented or contained in this presentation . Furthermore, no person is authorized to give any information or make any representation which is not contained in, or is inconsistent with, this presentation . Any such extraneous or inconsistent information or representation, if given or made, should not be relied upon as being authorized by or on behalf of KRT or the Manager . Investors are advised to consult their investment advisor before making an investment decision . This information should not be used or considered as financial or investment advice, recommendation or an offer for sale or a solicitation of any offer to buy any units or other securities of KRT . This presentation and any of its contents do not provide for and should not be construed as any assurance or guarantee of returns or distribution to investors or the trading price of the units or any other securities of KRT . THIS PRESENTATION DOES NOT CONSTITUTE OR FORM ANY PART OF ANY OFFER, INVITATION OR RECOMMENDATION TO PURCHASE OR SUBSCRIBE FOR ANY UNITS OR OTHER SECURITIES IN INDIA, THE UNITED STATES OR ELSEWHERE .