LETTER TO UNITHOLDERS FROM THE CHAIRMAN & CEO

Dear Unitholders,

2025 marked the 20^th year of Axis-REIT’s listing on Bursa Securities. In commemorating this milestone, we reflect on the Fund’s remarkable journey thus far, having grown from our initial public offering (IPO) as Malaysia’s first listed REIT with just five properties close to 1 million sq. ft. of net lettable area (NLA) in 2005, to the leading industrial/office REIT it is today. Axis-REIT’s portfolio of 69 strategically-located, predominantly industrial properties boasts over 15 million sq. ft. of NLA with an expansive geographic footprint in the high-growth industrial corridors of Peninsular Malaysia.