US Masters Residential Property Fund (URF) AGM 2024 Presentation summary

Meeting purpose and proposals

• Unitholders considered internalising the responsible entity (RE) of US Masters Residential Property Fund (URF) by appointing US Masters Responsible Entity Limited as the new RE and amending the constitution to facilitate stapling of units with a new entity, URF II.

• The supplemental deed to amend the fund's constitution was tabled, enabling the creation of an internally managed stapled group.

Resolutions and voting outcomes

• Resolution 1 proposed appointing US Masters Responsible Entity Limited as the new RE, conditional on passing Resolution 2.

• Resolution 2 proposed amending the fund's constitution, conditional on passing Resolution 1.

• Proxy votes for Resolution 1: 387,271,016 for, 14,431,554 against, 217,710 abstain.

• Proxy votes for Resolution 2: 387,191,191 for, 14,431,554 against, 217,710 abstain.

Next steps and disclosures

• Meeting results to be released on the ASX and the fund's website.

• Investor relations contact provided for further information.

• Disclaimer notes the presentation contains general advice and forward-looking statements, with no guarantee of accuracy or completeness.