Stoneweg European REIT (CWBU) EGM 2025 summary

Opening remarks and agenda

• Meeting convened to seek unitholder approval for the proposed stapling of the REIT and Business Trust, forming Stoneweg European Stapled Trust (SERT).

• Agenda includes two resolutions for stapling and one for a general mandate to issue stapled securities.

Specific resolutions to be voted on

• Approval of the stapling of Stoneweg European REIT and Stoneweg European Business Trust.

• Approval of a general mandate for the issuance of stapled securities in SERT.

Strategic initiatives and plans

• Proposed stapling aims to enhance competitiveness, resilience, and long-term growth.

• Strategy and asset class focus remain unchanged, with added flexibility for future operations and investments.

• BT can undertake development projects and value-add services, with no intention to increase development exposure above 10% long-term.