Second Party Opinion s pglobal.com/ ratings This product is not a credit rating | PUBLIC July 10, 2023 3 Second Party Opinion Summary Selection of key performance indicators (KPIs) Alignment ✔ Danhos ’ sustainability - linked financing framework is aligned with this component of the applicable Principles . KPI 1 Sustainable buildings KPI 2 GHG emissions intensity KPI 3 Gender equality Calibration of s ustainability performance targets (SPTs) Alignment ✔ Danhos ’ sustainability - linked financing framework is aligned with this component of the applicable Principles . SPT 1 Certify with LEED O+M Gold and Platinum at least 25% area under operational control measured in sqm by 2034 from a 2022 baseline SPT 2 Reduce GHG emissions (Scope 1 and 2) intensity measured as tons of CO2 equivalent per area under operational control in sqm (t CO2/sqm) at least 45% by 2034 from a 2019 baseline SPT 3 Achieve at least 45% of women representation in management positions by 2034 from a 2022 baseline Annual SPTs available for each KPI until 2034 , observation dates will be April 1 of the corresponding year. Instrument characteristics Alignment ✔ Danhos ’ sustainability - linked financing framework i s aligned with this component of the applicable Principles . Through its s ustainability - l inked financing f ramework, Danhos will link the financial characteristics of the instruments to the achievement of the SPTs. Danhos discloses that in case it achieves or fails to achieve the SPTs by the agreed observation dates, instruments raised under the framework will be subject to coupon step -up or step- down adjustments. The specific mechanism will be included in the respective instrument documentation. Reporting Alignment ✔ Danhos ’ sustainability - linked financing framework is aligned with this component of the applicable Principles . Aligned No t aligned St rong Ad vanced Aligned No t aligned St rong Ad vanced Aligned No t aligned St rong Ad vanced Aligned No t aligned St rong Ad vanced Aligned No t aligned St rong Ad vanced Aligned No t aligned St rong Ad vanced