Slides
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3Q 2026 Key Business and Operational Updates The Post @ 10800 The Plaza buildings | Bellevue Slide title: DM Serif Display 26 Sub slide title: 16 Call out: 16/14 Body Text: 10 Graph title/ Sub-header: 11 Graph: 8 Photo caption/ Footnotes 6:
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Performance Overview 2 Fourth full spec-suite floor at The Plaza Buildings; 3 of 6 suites pre- leased before completion Completion of The Post 10800 The Plaza Buildings | Bellevue Leasing Momentum 3Q: 245,836 sf / 5.1% of NLA Refinancing Progress Secured US$120 mil loan facility 9M Income available for Distribution US$30.4 mil 9M Adjusted NPI(1) US$66.7 mil +5.5% y-o-y Stable y-o-y Expected to address ~65%(2) of 2027 loan maturities upon drawdown Portfolio Highlights Financial Highlights 9M: 796,358 sf / 16.6% of NLA Portfolio Occupancy Rental Reversion 86.1% +0.7% / +1.3% (1) Excludes non-cash straight-line rent, lease incentives and amortisation of leasing commissions (2) Excludes uncommitted revolving credit facilities. More details on slide 6 As at 30 Sep 2026 3Q 2026 / 9M 2026
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Portfolio Highlights Bellevue Technology Center | Bellevue
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4(1) Based on NLA, portfolio WALE was 3.8 years. (2) Reduction in FY2026 and FY2027 lease expiries compared with the lease expiry profiles as at 1H 2026, by CRI. 14.30% 13.70% 14.70% 19.6% 13.0% 16.6% 2021 2022 2023 2024 2025 9M 2026 Executed Leases (% of NLA) Lease Expiry Profile (as at 30 September 2026) ▪ Strong 3Q leasing, comprising new leases (37.4%) and renewals (62.6%) ▪ The Westpark Portfolio contributed 44.7% of total leasing in 3Q, driven by both renewals and new demand ▪ Professional Services and Technology, Advertising, Media, and Information (TAMI) accounted for 88.9% of new leases ▪ Proactive renewals reduced FY2026 and FY2027 lease expiries by ~5.4% of CRI(2) Portfolio WALE by CRI(1): 4.0 years Leasing Momentum 245,836 sf / 796,358 sf Built-in Portfolio Average Rental Escalation 2.6% Committed Portfolio Occupancy 86.1% Portfolio Rental Reversion +0.7% / +1.3% 3Q 2026 9M 2026 3Q 2026 9M 2026 5.1% of NLA 16.6% of NLA Sustained Leasing Momentum 1.3% 15.2% 15.3% 10.6% 19.8% 37.8% 1.1% 13.0% 15.6% 11.6% 19.1% 39.6% 2026 2027 2028 2029 2030 2031 and beyond NLA CRI
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3Q 2026 Committed Portfolio Occupancy Performance 5 Notable 3Q 2026 Leasing Activities ▪ The Plaza Buildings: 50% of “The Post”, full spec- suite floor, committed ▪ The Westpark Portfolio: secured a 10-year lease with a publicly traded global life sciences instrumentation company tenant (~32,400 sf) ▪ Westmoor Center: successful backfilling offsets known tenant downsizing ▪ 1800 West Loop South: known vacate (~12,000 sf) ▪ Iron Point: secured a professional services tenant (~7,400 sf) Property NLA (‘000 sf) 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Change (ppt) The Plaza Buildings Bellevue CBD 491 76.7% 79.6% 81.4% 83.2% +1.8 Bellevue Technology Center Eastside Bellevue 338 94.3% 93.9% 93.5% 93.5% - The Westpark Portfolio Redmond 784 90.9% 74.2% 73.0% 77.7% +4.7 Great Hills Plaza Austin, Northwest 141 85.8% 87.7% 92.9% 92.9% - Westech 360 Austin, Northwest 177 86.5% 86.5% 88.0% 86.9% (1.1) Westmoor Center Denver, Northwest 613 81.0% 81.0% 80.6% 80.8% +0.2 105 Edgeview Denver, Broomfield 186 88.9% 88.9% 88.9% 88.9% - Bridge Crossing Nashville, Brentwood 199 100.0% 100.0% 100.0% 100.0% - 1800 West Loop South Houston, Galleria/Uptown 409 82.0% 81.0% 81.8% 78.8% (3.0) Bellaire Park Houston, Galleria/Bellaire 317 81.7% 80.5% 80.5% 79.4% (1.1) One Twenty Five Dallas, Las Colinas 470 96.9% 97.0% 97.0% 97.0% - Maitland Promenade I & II Orlando, Maitland 467 91.4% 95.7% 95.7% 95.7% - Iron Point Sacramento, Folsom 211 80.4% 80.4% 82.6% 85.8% +3.2 Total Portfolio Value 4,803 87.2% 85.1% 85.3% 86.1% +0.8 YTD Completed AEIs ▪ The Plaza Buildings: repositioning of 10800 Building lobby and completion of The Post ▪ The Westpark Portfolio: outdoor pavilion refresh ▪ Westech 360: delivery of two new spec suites and outdoor amenity refresh ▪ 105 Edgeview: first-floor furniture refresh and fourth-floor renovation
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Delivery of Fourth Full Spec-Suite Floor 6 The Post @ 10800 The Plaza Buildings Completion of The Post ▪ Fourth full-floor spec-suite development, and second at The Plaza Buildings ▪ 50% pre-leased prior to completion; in advanced negotiations for two out of the three remaining suites ▪ 15,400 sf across six studio suites with shared amenities ▪ Achieved the highest rental rate at 10800 The Plaza Buildings Add photo STRONGER ECONOMICS Reduce tenant fit-out costs with potential rental premium FASTER LEASING Shorter downtime and earlier rental income BETTER CAPITAL MANAGEMENT Reduce capital needs over time
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Focused Leasing Strategy to Drive Occupancy BUILDING COMMUNITY-LED WORKPLACES Better amenities and shared spaces to enhance tenant experience and collaboration Targeted Asset Repositioning Spec Suites ▪ Reconfigure selected assets for evolving tenant needs ▪ Enhance common areas as well as indoor and outdoor amenities ▪ Accelerate lease-up and reduce downtime ▪ Appeal to smaller and growing tenants ▪ Support tenant incubation and growth within the portfolio FY 2026 Target Occupancy Broadly in line with end-2025 occupancy of ~87.0% Ongoing initiatives Ongoing initiatives ▪ Bridge Crossing: reposition and reconfigure amenities ▪ Iron Point: renovation of interior common areas and expand outdoor amenities ▪ 1800 West Loop South: renovation of lobby ▪ 10900 The Plaza Buildings: planned conversion of a full-floor spec level suite into three spec suites ▪ Westech 360: full spec-suite floor ▪ Great Hills Plaza: one spec suite A B 7
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Creating Community-led Workspaces to Strengthen Leasing Appeal 8 WHAT DRAWS EMPLOYEES IN People and place remain central to office attendance 77% Colleague engagement Visibility, mentorship and knowledge transfer 59% Workplace functionality Technology, meeting and community spaces 53% Amenities and services Their absence can keep employees away Amenity-led assets and move- in-ready spec suites increase leasing appeal for KORE spaces KORE'S RESPONSE Spaces that bring people together 1 Amenity spaces Encourage interaction, collaboration and community 2 Spec suites Intentional workspaces – some with on-floor amenities that offer gathering and meeting places 3 Differentiated experience Strengthen tenant appeal and leasing relevance Source: CBRE Research 2026; Americas Office Occupier Sentiment Survey, Q2 2026
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Delivering the KORExperience Across the Portfolio 9 Outdoor amenity area @ Bellevue Technology Centre Tenant lounge @ Bellaire Park Newly repositioned lobby @ 10800 The Plaza Buildings Amenity hub in Ventuno @ 1800 West Loop South Meeting room in The Greenhouse @ 10900 The Plaza Buildings Gym facilities @ The Westpark Portfolio In -house coffee and pastry bar @ The Westpark Portfolio Sports court @ Bellevue Technology Centre
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10 Planned Asset Enhancement at Bridge Crossing, Nashville ASSET ENHANCEMENT SCOPE ▪ COMPLETED – Exterior and signage refresh to enhance street presence ▪ Create new indoor and outdoor amenities for collaboration, wellness and recreation ▪ Introduce flexible meeting and collaboration spaces, including lounges and meeting facilities ▪ Add ~8,500 sf of new on-site amenities, including fitness, convenience and outdoor recreational amenities, including fitness facilities, micro market, multi-sports court and community lawn NASHVILLE MARKET Repositioning a former single-tenant building for multi-tenant use Top 10 real estate market for 10 consecutive years ULI & PWC Emerging Trends in Real Estate #2 Best US cities for job opportunities and earning potential Checkr Top markets that gained HQ: 6 headquarters gained CBRE Americas Consulting, 2026 Completed exterior refresh Proposed indoor amenities Proposed outdoor amenities
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Spec Suite at Work: The Ventuno Case Study Flexible, move-in-ready space supports tenant retention, faster backfilling and expansion 11 VENTUNO 1800 West Loop South, Houston One of KORE’s first full spec suite floors, Ventuno combines premium amenities, move-in-ready suites and flexible configurations to support faster lease- up, tenant retention and expansion. WHY THE STRATEGY WORKS FASTER LEASE-UP LOWER DOWNTIME SUPPORTS TENANT EXPANSION POTENTIAL RENTAL PREMIUM TENANT EXPANSION: CASE 1 ~3,000 sf to ~5,000 sf expansion into adjacent space ~2 MONTHS Downtime from prior lease expiration TENANT EXPANSION: CASE 2 ~2,500 sf to ~5,800 sf expansion into adjacent space ~1 MONTH Downtime from prior lease expiration No TIs given for either lease Average TI across both leases is ~5% of non-spec-suite leases LOWER CAPITAL REQUIREMENTS ON SUBSEQUENT LEASES
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Bellaire Park | Houston Financial Highlights
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9M 2026 Financial Highlights 13 US$’000 9M 2026 9M 2025 % Change Gross Revenue 114,871 112,090 2.5 Net Property Income (NPI) 63,124 61,271 3.0 Adjusted NPI (excludes non-cash straight-line rent, lease incentives and amortisation of leasing commissions which have no impact on distribution) 66,727 63,248 5.5 Other information: Finance and Other Trust Expenses (25,988) (24,647) 5.4 Income Available for Distribution 30,394 30,393 - ▪ Adjusted net property income was up by 5.5% year-on-year arising from higher one-off termination fee income, other operating income and cash rental income. This was partially offset by higher repair and maintenance and utilities expenses. ▪ Finance and other trust expenses were higher mainly attributable to higher finance costs.
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34.8%(3) 35.6% 24.0% 3.3% 2026 2027 2028 2029 2030 14 100% of Loans Unsecured Debt Maturity Profile Total Gross Borrowings: US$604.7 million Key Metrics Aggregate Leverage(5) 43.0% Average Cost of Debt (Excludes amortisation of upfront debt costs) 4.75% p.a. All-in Average Cost of Debt (Includes amortisation of upfront debt costs) 4.92% p.a. Interest Coverage Ratio(6) 2.4 times Interest Coverage Ratio Sensitivity(6) - 10% decrease in EBITDA(7) - 100 bps increase in weighted average interest rate 2.2 times 2.0 times Weighted Average Term to Maturity 1.4 years Total Available Facilities - Committed Revolving Credit Facilities - Uncommitted Revolving Credit Facilities US$82.3m US$55.5mInterest Rate Management Sensitivity to SOFR(4) Every +/- 50bps in SOFR translates to approx. –/+ US$1.18 million in income available for distribution p.a. 65.3%(1) of the REIT’s loans have been hedged through floating-to-fixed interest rate swaps Fixed Debt 65.3% Floating Debt 34.7% (1) Excludes uncommitted revolving credit facilities. (2) Comprises uncommitted revolving credit facility. (3) 4.2% relates to an uncommitted revolving credit facility. (4) Based on the floating debt of 34.7%, US$39.5 million uncommitted revolving credit facility drawn and the total number of Units in issue as at 30 September 2026. (5) Calculated as the total borrowings and deferred payments (if any) as a percentage of the total assets. (6) In accordance with the Monetary Authority of Singapore’s (MAS) Code on Collective Investment Schemes (CIS Code). (7) EBITDA is computed as the trailing 12 months earnings before interest, tax, depreciation and amortisation (excluding effects of any fair value changes of derivatives and investment properties, and foreign exchange translation differences) as defined in Appendix 6 of the CIS Code. ▪ Secured a US$120 million loan facility, expected to address approximately 65%(1) of 2027 debt maturities upon drawdown ▪ Refinancing discussions are underway for the remaining 2027 debt maturities Debt Overview 2.3%(2) US$120m Refinancing by loan facility secured Debt-related metrics as at 30 September 2026 US$120m
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Outlook & Strategy 1.0 BELLAIRE PARK | HOUSTON Iron Point | Sacramento
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16 Navigating Elevated Interest Rates while Maintaining Stable Near-term Distributions Market Backdrop Federal Funds Target Range 3.75%–4.00% Current policy rate 4.9%–5.3%(1) Elevated long-term rates Elevated rates continue to affect funding costs, real estate discount rates and required returns Management Priorities 1 FINANCING Proactively manage refinancing through early lender engagement and Keppel’s broader financing network 2 LEASING AND INCOME Drive occupancy and property-level income through proactive leasing execution 3 FINANCIAL FLEXIBILITY Maintain disciplined capital allocation and liquidity management DISTRIBUTION GUIDANCE NEAR TERM Distribution quantum expected to remain consistent at 0.40 US cents per Unit For each of 2H 2026 and 1H 2027 LONGER TERM Progressively increase the payout ratio towards a sustainable level, aligned with KORE’s portfolio performance Subject to prevailing market and financing conditions and interest-rate movements 10-Year US Treasury Yields What it Means (1) Federal Reserve, as at 17 September 2026, U.S. Department of the Treasury.
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Corporate Headquarters Continue to Shift Towards Business-friendly, Growth Markets Fortune 500 headquarters by state(¹) 2018 2026 #1 NEW YORK 58 #1 TEXAS 57 #2 CALIFORNIA 49 #2 CALIFORNIA 56 #3 TEXAS 48 #3 NEW YORK 53 2. RELOCATION MOMENTUM(2) STRONG / RISING DESTINATIONS Dallas–Fort Worth Austin, Nashville, Charlotte, Miami and Phoenix CONTINUED NET HQ LOSSES San Francisco / San Jose Los Angeles 3. KEY CONSIDERATIONS ▪ Taxes, incentives and cost environment ▪ Building quality and amenities ▪ Access to talent 1. WHAT HAS CHANGED? (1) Fortune 500, 2018 and 2026 editions. Figures represent the number of Fortune 500 companies headquartered in each state. (2) Business Insights: The Shifting Landscape of Headquarters Relocations: 2026 Update, April 2026, CBRE. (3) Six of KORE's eight markets are located in states with no individual state income tax: Bellevue/Redmond, Dallas, Austin, Houston, Nashville and Orlando. KORE’S MARKET CONTEXT 6 of 8 Levy no personal state income tax(3) Enhances attractiveness to businesses and talent markets 17
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(1) Scoring Tech Talent 2026, 18 August 2026, CBRE. (2) Business Insights: The Shifting Landscape of Headquarters Relocations: 2026 Update, 6 April 2026, CBRE. CBRE’s dataset comprises 725 publicly announced headquarters activities between 2018 and 2025 and is not exhaustive. (3) The Colorado Aerospace and Defense Industry: Competitive Assessment and Strategic Recommendations, September 2026, Colorado Chamber Foundation, (4) “Denver/Boulder Life Sciences Figures Q2 2026”, 20 July 2026, CBRE. Multiple Growth Drivers Across KORE’s Key Markets Technology, corporate migration and expanding industry clusters support the longer- term demand outlook 01 TECHNOLOGY & AI Deep innovation ecosystems BELLEVUE / REDMOND • AUSTIN • DALLAS #2 | #5 | #8 Seattle | Austin | Dallas–Fort Worth 2026 North American tech-talent rankings(1) ▪ Bellevue / Redmond (Seattle): Home to a concentration of global technology companies ▪ Austin: 17% of Austin's tech workforce has AI- specialty skills ▪ Dallas–Fort Worth: +37,230 tech workers from 2022 – 2025, representing 18.7% growth, second-highest among large markets 02 CORPORATE RELOCATION Favourable business climate DALLAS • AUSTIN • HOUSTON • ORLANDO • NASHVILLE >100 relocations To Dallas–Fort Worth since 2018 Most of any US metropolitan area(2) ▪ Texas metros remain among the leading destinations for corporate HQ relocations ▪ Business climate, lower taxes / incentives and cost of living remain key location factors ▪ Florida and Tennessee markets benefit from the same no-income-tax advantage 03 DENVER DIVERSIFICATION Demand base broadening DENVER +14.4% Colorado aerospace and defence employment growth ▪ Metro Denver accounts for 60% of statewide aerospace employment3) ▪ 284,000 sf of Denver / Boulder life-sciences leasing in the four quarters to 2Q 2026 — a four-year high(4) ▪ Growth in aerospace and life sciences is broadening the region’s occupier base 2020–2025; above US average(3) 18
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Why Occupiers Move 19 Flight to Quality Continues to Occur Employee experience, location and building quality continue to shape leasing decisions 01 Improve employee experience 02 Improve building location 03 Secure better lease terms Employee experience and location are key relocation drivers WHAT OFFICE BUILDINGS NEED TO DELIVER 01 Convenience Parking, accessibility to transport and food & beverage are key site- selection considerations 02 Tenant Experience Building amenity space and overall quality increasingly influence competitiveness 03 Building Quality Amenity space and sustainable building features are increasingly seen as baseline expectations 79% 74% 59% Source: Americas Office Occupier Sentiment Survey, July 2026, CBRE Research 2026.
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20 AI Starts to Reshape Workplace Needs Expected impact on workplace needs Multipurpose / reconfigurable space 50% Reduced headcount / less space 37% Better amenities to attract talent 36% Flex space for on-demand workforce 31% Specialised space such as AI labs 30% 53% say AI is already affecting space planning or will do so within two years 23% Already 11% <12 months 19% 1–2 years Emergence of amenity-rich, modular and flexible environments Implications for quality office assets Adaptability Reconfigurable layouts can support evolving team and project needs. Specialisation Innovation, training and technology- enabled environments may require new formats. Experience Higher-quality amenities can help occupiers compete for talent. What it means for KORE Emerging need for flexible, amenity-rich and higher-quality workplaces aligns with KORE’s ongoing asset and leasing strategy Source: Americas Office Occupier Sentiment Survey, Q2 2026, CBRE Research 2026.
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21 US Office Transaction Market Liquidity and pricing remain uneven across markets and asset quality Continue leasing and enhancing the portfolio, while exploring divestment opportunities as transaction activity, market depth and pricing become more conducive in KORE’s markets 01 MARKET DEPTH REMAINS LIMITED Recovery remains selective, with greater transaction depth evident only in New York (1) Deal activity for the largest office properties remains well below 2018– 2019 averages 02 PRICE DISCOVERY IS BIFURCATED Very limited pool of well-leased, high- quality assets in New York City and select growth markets such as Nashville(2) continue to attract capital, while assets in more challenged markets may transact only after substantial repricing 03 FINANCING CONDITIONS ADD FRICTION Elevated financing costs may constrain buyer capacity, required returns(3) and near-term transaction activity KORE’s priorities (1) Excluding transactions identified in public sources as involving foreclosure, receivership, deed-in-lieu, loan default or auction. (2) Bridgestone Tower, Nashville: 100% leased; US$75 million gain on sale by Highwoods Properties. (3) The Surge in Rates Is Blowing Up Commercial Real-Estate Deals, Wall Street Journal, 5 October 2026
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Focused Execution to Strengthen Occupancy, Income and Financial Flexibility 01 Drive occupancy Focused leasing execution ▪ Backfill vacancies and known vacates ▪ Expand spec-suite strategy to accelerate lease-up and reduce downtime ▪ Target end-FY2026 occupancy of at least 87.0% 03 Stable distributions Distribution outlook ▪ Expect DPU to remain consistent at 0.40 US cents for each of 2H 2026 and 1H 2027, subject to prevailing market and financing conditions and interest-rate movements ▪ In the long term, aims to progressively increase the payout ratio towards a sustainable level, aligned with KORE’s portfolio performance 04 Strengthen financial flexibility Disciplined capital management ▪ Proactively manage refinancing and interest-rate exposure ▪ Maintain financial flexibility and prudent gearing ▪ Evaluate selective divestments when transaction markets become more conducive; redeploy proceeds towards debt reduction and/or growth opportunities 22 02 Sustain income Measured rental outlook ▪ Optimise rental rates while maintaining high occupancy ▪ 2.6% in-built portfolio rental escalations, alongside low-single-digit FY2026 rental reversion expected ▪ Shorter lease terms provide opportunities to capture rental upside as markets recover
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Thank You For more information, please visit www.koreusreit.com Connect with us on: 23 Linkedin logo | Free Icon 10900 The Plaza Buildings | Bellevue
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Important Notice 24 10900 PLAZA BUILDING, BELLEVUE CBD The past performance of KORE US REIT is not necessarily indicative of its future performance. Certain statements made in this release may not be based on historical information or facts and may be “forward-looking” statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses, including employee wages, benefits and training, property expenses and governmental and public policy changes, and the continued availability of financing in the amounts and terms necessary to support future business. Prospective investors and unitholders of KORE US REIT (Unitholders) are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of KORE US REIT Management Pte. Ltd., as manager of KORE US REIT (the Manager) on future events. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, or opinions contained in this release. None of the Manager, the trustee of KORE US REIT arising from any use of this release or its contents or otherwise arising in connection with this release. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. The value of units KORE US REIT (Units) and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including possible loss of principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (SGX-ST). Listing of the Units on SGX-ST does not guarantee a liquid market for the Units. Due to rounding, numbers presented may not add up precisely to the totals provided. The information relating to the US office market are extracted from third-party research reports. The respective third-party sources have not consented to the inclusion of the information quoted above and are thereby not liable for such information. Whilst reasonable action has been taken to ensure that the above information is reproduced in its proper form and context, and that the information is extracted fairly and accurately, neither the Manager nor any other party has conducted independent review of the information obtained from these sources nor verified the accuracy of the contents of the relevant information obtained from these sources. As such, the information from these third-party research reports may not be comprehensive, and while they are believed to be accurate, such information is not guaranteed to be free from error, omission or misstatement. In addition, the information obtained from these sources does not purport to contain all the information that may be required to evaluate the business and prospects of KORE or any purchase or sale of the units in KORE. Any potential investor should conduct his, her or its own independent investigation and analysis of the merits and risks of an investment in KORE.
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Additional Information 1.0 BELLAIRE PARK | HOUSTONIRON POINT | SACRAMENTO The Westpark Portfolio| Redmond
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Bellevue / Redmond 44.7% Dallas 11.0% Austin 7.7% Denver 11.1% Houston 10.6% Orlando 7.6% Nashville 5.3% Sacramento 2.0% Professional Services 22.0% Finance and Insurance 15.0% Others 17.0% Medical and Healthcare 10.0% TAMI 36.0% Geographic Diversification by NPI(1) Over 390 Tenants in Diversified Regions and Industries 26 KORE’s buildings and business campuses in the tech hubs of Bellevue/Redmond, Austin and Dallas contribute ~63.4% of NPI(1) Net Property Income Industry Diversification by NLA Net Lettable Area ~46.0% of NLA are occupied by high-quality tenants from the growing and defensive sectors of TAMI and Medical and Healthcare All information as at 30 September 2026. (1) NPI excludes one-off operating income. Growth and defensive: ~46.0% Tech hubs: ~63.4%
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Established Top 10 Tenants with Low Concentration Risk 27 Top 10 Tenants Sector Asset Location % of CRI(1) % of NLA(1) BAE Systems TAMI Westmoor Center / The Westpark Portfolio Denver / Redmond 3.9% 4.7% TerraPower TAMI Bellevue Technology Center Bellevue 3.5% 2.7% Spectrum TAMI Maitland Promenade I & II Orlando 3.3% 2.4% USA - Homeland Security Others One Twenty Five Dallas 3.0% 2.7% Gogo Business Aviation TAMI 105 Edgeview Denver 2.9% 2.5% Lear Corporation TAMI The Plaza Buildings Bellevue 2.8% 1.3% Assistrx TAMI Maitland Promenade I & II Orlando 1.9% 1.3% Comdata TAMI Bridge Crossing Nashville 1.9% 1.4% United Capital Financial Advisor Finance & Insurance One Twenty Five Dallas 1.8% 1.1% Highridge Medical Medical & Healthcare Westmoor Center Denver 1.4% 1.5% Total 26.4% 21.6% WALE by NLA 4.0 years WALE by CRI 3.9 years All information as at 30 September 2026. (1) CRI and NLA percentages are based on next twelve months portfolio composition.
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28 KORE Benefits from the Capabilities of Keppel’s Sponsorship Keppel Ltd. Global asset manager and operator with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity. GStrategic Growth Access to sponsor networks and capabilities to support strategic growth opportunities $Capital & Financing Ability to tap on Keppel Ltd. external networks, including banks, debt and capital markets, as well as Keppel Ltd.’s support for fund raising RResources & Expertise Access to specialist capabilities across as human resources, information technology, investor relations and sustainability, legal and corporate secretariat, risk and compliance and treasury MManagement Talent Support from and access to an experienced management and leadership bench
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29 Recovery Gains Momentum as Fundamentals Strengthen ▪ Demand momentum persists - Leasing volume +6.4% over the last 12 months; gateway markets +13% - 5th consecutive quarter of positive net absorption, with +6.0 million sf in Q3 - Signed leases averaged +13% footprint expansion over the past 12 months ▪ Supply dynamics support recovery - Office inventory contracted by >45 million sf from late-2023 peak - 9.6 million sf removed in Q3 vs 3.5 million sf delivered - Just 24.8 million sf under construction, keeping new supply constrained ▪ Quality continues to outperform - Effective rents are rising fastest in trophy and new- construction properties, where high-quality space is becoming increasingly scarce - High-end availability is expected to remain extremely constrained as the development pipeline diminishes All information from Office Market Dynamics, United States Q3 2026, JLL. 5,979,737 0% 5% 10% 15% 25% -50,000,000 -40,000,000 -30,000,000 -20,000,000 -10,000,000 0 10,000,000 20,000,000 30,000,000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Historical absorption and vacancy Net absorption (s.f.) Overallvacancy (%) Netabsorption 21.5% Overall vacancy 20% -0.6% -0.2% 0.2% 0.6% 0.8% 1.0% 1.2% 1.4% 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 Historical deliveries and pipeline Quarterlydeliveries(s.f.) YoYnet change in total supply -0.8% -0.4% 0.0% 0.4% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Deliveries Net change in supply
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Well-placed in Cities that are Mostly in Rising Phase 30Information from Office Market Dynamics, United States Q3 2026, JLL. JLL’s rental clock is based on effective rents, which account for those concessions and better reflect actual market conditions. ▪ Leading U.S. office markets have recovered to 94% of 2019 leasing levels, with mid-stage markets at 85% ▪ Most of KORE’s markets are in the Rising Phase, positioning the portfolio to benefit from continued market recovery Peaking phase Rising phase Miami Boston, Minneapolis Austin, New Jersey Baltimore, Oakland San Francisco Atlanta, Charlotte Falling phase Philadelphia Denver Chicago, Los Angeles, Washington, DC Dallas New York Silicon Valley Phoenix Houston, Orange County, San Diego, Seattle Office rental clock Bottoming phase
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61.8% 58 60 62 64 66 68 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Mar-26 Sep-26 % 4.00% 0 2 4 6 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Mar-26 Sep-26 % 4.2% 0 2 4 6 8 10 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Mar-26 Sep-26 % 2.6% 0 2 4 6 8 10 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Mar-26 Sep-26 % US Labour Force Participation RateUS Unemployment Rate US Core Inflation Rate US Economic Updates 31 Graph data cited from Trading Economics, 15 October 2026. (1) U.S. Bureau of Economic Analysis (BEA), 30 September 2026. ▪ Economic growth remains positive despite a moderation in momentum: 2Q 2026 real GDP growth of 2.2% annualised(1) supported by consumer spending and strong business investment ▪ Geopolitical tensions and trade policy uncertainty persists, with energy and tariff- related pressures adding to the inflation outlook ▪ Labour market remains resilient but hiring has slowed, with layoffs remained contained ▪ Inflation remains sticky, interest rates likely to remain higher for longer as Fed balances persistent inflation against softer labour conditions US Fed Funds Rate
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32 Limited Supply in KORE’s First Choice Submarkets Source: CoStar Office Report, September 2026. (1) Majority of which are build-to-suit or have been pre-leased. (2) Refers to Great Hills Plaza’s vacancy. (3) Refers to Westech 360’s vacancy. Submarket Property Property Vacancy Rate (%) Submarket Vacancy Rate (%) Last 12M Deliveries (sf’000) Last 12M Absorption (sf’000) Under Construction (sf’000) Last 12M Rental Growth (%) Projected Rental Growth (%) Seattle, Bellevue CBD The Plaza Buildings 16.8 22.8 474 88 1,000(1)* 2.2 2.1 Seattle, Eastside Bellevue Bellevue Technology Center 6.5 5.9 - 92 - 3.1 2.5 Seattle, Redmond The Westpark Portfolio 22.3 5.6 3,000(1)# 197 - 2.5 2.1 Austin, Northwest Great Hills Plaza & Westech 360 7.1(2) & 13.1(3) 18.2 - 1,200 - 1.4 1.8 Denver, Northwest Westmoor Center 19.2 12.8 - (7) 25 2.2 0.8 Denver, Broomfield 105 Edgeview 11.1 29.9 31 (458) - 1.9 1.3 Nashville, Brentwood Bridge Crossing - 13.1 2 (9) - 2.0 2.4 Houston, Galleria/Uptown 1800 West Loop South 21.2 33.9 - 370 - 3.0 2.6 Houston, Galleria/Bellaire Bellaire Park 20.6 16.6 - 16 - 0.6 1.3 Dallas, Las Colinas One Twenty Five 3.1 21.1 - (37) - 2.7 3.2 Orlando, Maitland Center Maitland Promenade I & II 4.3 11.7 - 316 35 3.0 2.9 Sacramento, Folsom Iron Point 14.2 8.6 - (97) 92 1.7 2.1 # Refers to Microsoft’s construction. *Majority of it refers to Amazon’s construction.
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KORE US REIT Overview First choice US office S-REIT with a focus on the fast-growing technology, advertising, media and information (TAMI), medical and healthcare sectors across key US growth markets that combine robust economic fundamentals with vibrant lifestyle offerings 86.1% Portfolio Occupancy 13 Quality Freehold Office Buildings and Business Campuses 4.8 million sf Net Lettable Area US$1.3 billion Assets Under Management All data as at 30 September 2026. Assets Under Management Figure as at 31 December 2025. (1) Emerging Trends in Real Estate 2025 by PwC and the Urban Land Institute (ULI). (2) Emerging Trends in Real Estate 2026 by PwC and the Urban Land Institute (ULI). (3) Ranking based on overall real estate prospects. The Plaza Buildings Bellevue Technology Center BELLEVUE/REDMOND, Washington Iron Point SACRAMENTO, California DENVER, Colorado Westech 360 AUSTIN, Texas 1800 West Loop South Bellaire ParkGreat Hills Plaza HOUSTON, Texas ORLANDO, Florida Maitland Promenade I & II DALLAS, Texas One Twenty Five The Westpark Portfolio Westmoor Center 105 Edgeview NASHVILLE, Tennessee Bridge Crossing #30 #22 #6 #5 #1 #12 Magnet Cities(1) Super Sun-Belt Cities(1) Supernovas(1) 18-Hour Cities Markets to Watch, 2026(2) Multitalented Producers (1) Belleuve/ Redmond 33
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Strategically Positioned in Vibrant Lifestyle Markets 18-hour cities with vibrant entertainment, dining, and outdoor recreation Lower living costs and favourable income tax environments Access to top universities enhancing talent pools and innovation Bellevue/Redmond ▪ Premier hub for Fortune 500 firms, particularly tech companies offering lifestyle perks across Lake Washington ▪ Easy access to national parks, and abundant outdoor recreation • The Plaza Buildings • Bellevue Technology Centre • The Westpark Portfolio Denver ▪ Offers world-class outdoor recreation ▪ Combination of a strong talent pool with active outdoor lifestyle ▪ California migration drive expansion ▪ Home to aerospace and energy companies • Westmoor Center • 105 Edgeview • Iron Point Sacramento ▪ State capital of California with strong talent pool ▪ Lower cost of housing as compared to the Bay area • Bridge Crossing • Maitland Promenade I &II • 1800 West Loop South • Bellaire Park • One Twenty Five • Great Hills Plaza • Westech 369 Austin ▪ Creative hub for tech, film, art, and music with a diverse talent pool ▪ Only place in Texas that offers seamless access to hills, water and outdoor activities ▪ Prime location near University of Texas, driving office, retail, and multifamily growth Dallas ▪ Dynamic finance center known for vibrant culture and vibrant city life ▪ Located at the junction of four major interstates with a fifth loop, serving as a national transit hub and inland port Houston ▪ Major economic hub for energy, aerospace and healthcare ▪ Strong academic base with top universities, low living costs, and an extensive waterway network Nashville ▪ Music, healthcare, and tech sectors drive both daytime business and a lively nightlife ▪ Home to Vanderbilt University, a top ranked university known for strong academics, research, and vibrant campus life Orlando ▪ Close to world-class attractions (Disney, Universal), lakes, and beaches ▪ Top-ranked city for tourism and business appeal ▪ Year-round warm climate 34
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0.80 1.02 1.26 1.30 1.46 1.42 1.33 1.33 1.33 Total Portfolio Value (US$'mil) Driving Strategic Portfolio Enhancement Portfolio value(1) increased ~60% since IPO through acquisitions and portfolio improvements AEI Works • Westmoor Centre: Café renovation and new fitness centre • 1800 West Loop South: New conference rooms, modern tenant lounge and fitness centre 20192018 20212020 2022 2023 2024 20252017 ▪ Listed on 9 Nov 2017 ▪ 11 quality assets in 7 key growth markets Acquisition: The Westpark Portfolio Acquisition: Maitland Promenade I Acquisition: One Twenty Five AEI Works ▪ Bellevue Technology Centre: Café and lobbies refurbishment ▪ Powers Ferry: Two move- ready suites built and lobbies renovated AEI Works ▪ The Plaza Buildings: New amenity centre ▪ The Westpark Portfolio: Lobby refurbishment ▪ Great Hills Plaza: Refresh of hallways and elevator lobbies ▪ 1800 West Loop South: Full-floor spec suites Acquisition of 105 Edgeview Acquisition of Bridge Crossing Divested Northridge Center I & II and Powers Ferry in Atlanta, Georgia AEI Works ▪ Iron Point & One Twenty Five: Renovation of lobbies and restrooms ▪ Westpark Portfolio: EV charging stations ▪ Bellevue Technology Centre: Upgrade of amenity centre and conversion of outdoor patio AEI Works ▪ The Plaza Buildings: Greenhouse spec suite floor ▪ The Westpark Portfolio: Launched Dote To-Go, an in- house coffee bar for tenants ▪ Bellaire Park: Lobby upgrade ▪ Westech 360: Lobby upgrade AEI Works ▪ Great Hills Plaza: Revitalisation of lobby and common areas ▪ Maitland Promen ade I & II & The Plaza Buildings: Conference room and fitness centre refresh ▪ One Twenty Five: Tenant lounge renovation AEI Works ▪ Building 1150 at Iron Point: Overhaul of office and redesign with a modern “live- work-play” concept and spec suites 2026 AEI Works ▪ The Plaza Buildings: Repositioning of 10800 Building lobby and completion of The Post ▪ Westech 360: Delivery of two new spec suites and outdoor amenity refresh ▪ The Westpark Portfolio: Outdoor pavilion refresh ▪ 105 Edgeview: First-floor furniture refresh and fourth-floor renovation (1) Portfolio value as at 31 December 2025 includes The Westpark Portfolio, One Twenty Five, Maitland Promenade I & II, Bridge Crossing and 105 Edgeview, which had an aggregate appraised value of approximately US$536.2 million. The acquired properties comprised The Westpark Portfolio, One Twenty Five, Maitland Promenade I, Bridge Crossing and 105 Edgeview. Portfolio value also excludes Northridge Center I & II and Powers Ferry, which were divested in 2022 and had an aggregate appraised value of approximately US$35.7 million as at 30 June 2022. Accordingly, changes in portfolio value over time reflect the combined impact of acquisitions, divestments, asset enhancement initiatives and valuation movements. 35
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Proven and Consistent Operational Excellence 36 80,642 83,552 85,493 87,591 83,442 83,652 66,727 2020 2021 2022 2023 2024 2025 9M 2026 367,000 730,619 651,319 704,191 938,655 622,029 796,358 2020 2021 2022 2023 2024 2025 9M 2026 92.3% 91.9% 92.6% 90.3% 90.0% 87.2% 86.1% 2020 2021 2022 2023 2024 2025 3Q 2026 Steady Operational and Financial Performance Leasing Volume (sf) Occupancy Rate Adjusted NPI (US$’000) (excludes non-cash straight line rent, lease incentives and amortisation of leasing commissions) COVID-19 Pandemic Source: CoStar’s Quarterly Office Report for the respective years KORE’s Occupancy Continues to Outperform Gateway Cities 86.1% 86.3% 83.5% 2019 2020 2021 2022 2023 2024 2025 3Q 2026 KORE US Average Gateway Cities
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37 Well-Positioned to Ride on US Office Recovery Sustained recovery in the US office market Well-amenitised office on the rise Shift from high-tax, expensive coastal hubs to business friendly states Distinctive US office S-REIT Exposure to growth markets with a focus on amenity-led, tenant-centric office demand High-quality, growth-market portfolio Well-amenitised assets in business-friendly cities (i.e. favourable income-tax environment and vibrant lifestyle amenities) Future-ready office strategy ✓ 85% with tenant lounges ✓ 85% with conference rooms ✓ 85% with fitness centres ✓ 77% fitted with food and beverage options ✓ 77% with outdoor spaces Proven performance and disciplined capital management Occupancy >85% since IPO, consistently outperforming US gateway cities Healthy balance sheet provides financial flexibility Structural tailwinds
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34 Portfolio Overview The Plaza Buildings Bellevue Technology Center The Westpark Portfolio Great Hills Plaza Westech 360 Westmoor Center 105 Edgeview Location Bellevue, Washington Bellevue, Washington Redmond, Washington Austin, Texas Austin, Texas Denver, Colorado Denver, Colorado Land Tenure Freehold Freehold Freehold Freehold Freehold Freehold Freehold Committed Occupancy 83.2% 93.5% 77.7% 92.9% 86.9% 80.8% 88.9% Property Value (US $’ million) 287.5 142.9 229.4 46.4 52.7 96.4 50.9 Committed Occupancy as at 30 September 2026 and Property Value as at 31 December 2025.
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35 Portfolio Overview Bridge Crossing 1800 West Loop South Bellaire Park One Twenty Five Maitland Promenade I & II Iron Point Location Nashville, Tennessee Houston, Texas Bellaire, Texas Dallas, Texas Orlando, Florida Sacramento, California Land Tenure Freehold Freehold Freehold Freehold Freehold Freehold Committed Occupancy 100.0% 78.8% 79.4% 97.0% 95.7% 85.8% Property Value (US $’ million) 43.3 73.2 51.6 114.4 98.2 38.5 Committed Occupancy as at 30 September 2026 and Property Value as at 31 December 2025.