Bengaluru, India, November 28, 2023

Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, together with ANZ Bengaluru, are pleased to announce the construction of a third government school in Thanisandra, Bengaluru. The new school building will benefit 1,240 students from grade 1 to 8 and comprises 20 classrooms, a staff room, 24 toilets, a handwash, clean drinking water, and a playground. Additional planned projects include rooftop solar installation and a multipurpose lunch hall, as part of a comprehensive approach to school infrastructure and sustainability.

This is the third school building by Embassy REIT and ANZ under the Embassy REIT Corporate Connect Program. The other completed schools include Government Kannada Model Primary School and Government Urdu Model Primary School in Hegdenagar in Bengaluru. All three schools, including the newly built one, benefit over 3,000 students, and have been project managed by Embassy REIT.

S V Venkataraman, Managing Director, ANZ Group Capability Centre, Bengaluru, said,

“We are proud of our six-year partnership with Embassy REIT in enhancing the educational system for the under-served communities. Education is a priority area of our sustainability framework, as we believe that investing in education is an investment in the future. Providing accessible, conducive learning environments is essential to nurture learning and potential. By constructing basic amenities like toilet blocks, library plus computer labs, and providing clean drinking water in Government Kannada medium schools, we’ve seen a significant rise in enrolments and elevated the quality of education. Education is the cornerstone for a brighter future, which aligns seamlessly with our purpose to shape a world where people and communities thrive, and we remain committed to the cause.”

Shaina Ganapathy, Head of Community Outreach, Embassy Group, who manages CSR programmes at Embassy REIT, said,

"We’re delighted to partner with our corporate connect partner, ANZ, on another important initiative, and would like to thank them for their continued support over the years. This project is part of Embassy REIT’s ongoing commitment to providing quality education and essential infrastructure to uplift government schools in the communities where it operates. The partnership includes not only the construction of the school, but also curriculum support, infrastructure development, and other aspects that contribute to the overall educational experience.”

Embassy REIT's Corporate Connect Program is an impactful initiative that brings together office park occupiers with aligned Corporate Social Responsibility (CSR) mandates and experienced non-profits to address diverse challenges faced in the education sector, particularly in Government schools across India. Since the inception of the program, Embassy REIT has partnered with over 40 corporates for 70+ projects aimed at addressing educational, health and infrastructure challenges, contributing to the holistic development of local communities.

About ANZ

ANZ has a proud heritage of more than 186 years. It provides banking and financial products and services to around 8.5 million retail and business customers. ANZ employs around 39,000 people worldwide and operates in 30 markets globally with representation in Australia, New Zealand, Asia Pacific, America, and the Middle East. ANZ is one of the top ten largest listed companies in Australia by market capitalisation, one of four major banks in Australia (by total assets), the largest bank in New Zealand (by total assets) and among the top 50 banks in the World.

In India, ANZ has branches in Mumbai, Gurugram and Bengaluru, The ANZ network is supported by its Group Capability Centres located in Bengaluru and Manila. ANZ Bengaluru is the largest Banking Operations and Technology Capability Centre of ANZ outside Australia with more than 8,000 employees. ANZ Bengaluru supports and embraces the transformation initiatives of the ANZ Group. It is widely known for its culture of Growth Mindset, learning, innovation, diversity and inclusion.

About Embassy REIT

Embassy REIT is India’s first publicly listed Real Estate Investment Trust. Embassy REIT owns and operates a 45.3 msf portfolio of nine infrastructure-like office parks and four city‑centre office buildings in India’s best-performing office markets of Bengaluru, Mumbai, Pune, and the National Capital Region (‘NCR’). Embassy REIT’s portfolio comprises 35.3 msf completed operating area and is home to 240 of the world’s leading companies. The portfolio also comprises strategic amenities, including four operational business hotels, two under‑construction hotels, and a 100 MW solar park supplying renewable energy to tenants. Embassy REIT’s industry leading ESG program has received multiple accolades from renowned global institutions and was awarded a 5-star rating both from the British Safety Council and GRESB. Embassy REIT was also recognised as the world’s largest ‘USGBC LEED Platinum-Certified’ office portfolio (v4.1 O+M) by Green Business Certification Inc. For more information, please visit www.embassyofficeparks.com.

Disclaimer

This press release is prepared for general information purposes only. The information contained herein is based on management information and estimates. It is only current as of its date, has not been independently verified and may be subject to change without notice. Embassy Office Parks Management Services Private Limited (“the Manager”) in its capacity as the Manager of Embassy REIT, and Embassy REIT make no representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness and completeness of the content hereof. Each recipient will be solely responsible for its own investigation, assessment and analysis of the market and the market position of Embassy REIT. Embassy REIT does not provide any guarantee or assurance with respect to any distribution or the trading price of its units.

This press release 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 Embassy REIT 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, recipients of this press release 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, such as COVID-19. 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.

This press release also contains certain financial measures which are not measures determined based on GAAP, Ind-AS or any other internationally accepted accounting principles, and the recipient should not consider such items as an alternative to the historical financial results or other indicators of Embassy REIT's cash flow based on Ind-AS or IFRS. These non-GAAP financial measures, as defined by the Manager, may not be comparable to similarly titled measures as presented by other REITs due to differences in the way non-GAAP financial measures are calculated. Even though the non-GAAP financial measures are used by management to assess Embassy REIT's financial position, financial results and liquidity and these types of measures are commonly used by investors, they have important limitations as analytical tools, and the recipient should not consider them in isolation or as substitutes for analysis of Embassy REIT's financial position or results of operations as reported under Ind-AS or IFRS. Certain figures in this press release have been subject to rounding off adjustments. Actual legal entity name of occupiers may differ.