KCD-Catella Nachhaltigkeit IMMOBILIEN Deutschland

The special fund "KCD-Catella Nachhaltigkeit IMMOBILIEN Deutschland" (KCD) is an open-ended mutual real estate fund in accordance with German investment law (German Investment Code) and is aimed in particular at private clients, foundations and church, charitable, diaconal and church-related institutions.

The KCD-Catella Nachhaltigkeit IMMOBILIEN Deutschland fund invests in established investment locations and metropolitan regions as well as in medium-sized cities and regional investment centers that are characterized by a high degree of urbanity and "robustness" (high degree of diversification in the employment structure). Investment properties include office, retail, residential, and specialty properties with charitable/diaconal/social uses. The resulting broad sector diversification ensures a balanced risk/return profile.

The sustainability approach includes environmental and social features and the Fund makes investments in part in pursuit of an environmental objective as defined in Article 2 No. 17 of the Disclosure Regulation. Specifically, the Company has defined the following ecological or social characteristics for the management of the investment fund:

Ecological features:

• "Recognition of energy saving potentials in electricity and heat supply",
• "Saving energy through demand-oriented and energy-efficient building equipment",
• "Prevention of heat energy loss in terms of promoting energy-efficient buildings",
• "Efficient, environmentally friendly and low CO2 use of potential energy carriers and sources",
• "Promotion of energy-efficient heating/ventilation/air-conditioning systems and use of natural and environmentally friendly cooling/heating media in these systems."
• "Good access to local and long-distance passenger transportation"; and
• "Reduction of CO2 equivalent emissions".

Social characteristic:

• "Promotion of accessibility."

The environmental characteristics and the social characteristic listed in the preceding section are each designed using different sustainability indicators. The Company determines the degree of fulfillment of each sustainability indicator using a point-based scoring system developed by the Company.

In addition, the Company is committed to meeting the environmental objective of reducing CO2e emissions for a portion of its investments, which is monitored using the Carbon Risk Real Estate Monitor ("CRREM").