Mivne Real Estate (K.D.) Ltd.

Regulatory Filings • Jun 14, 2022

On June 13, 2022, Digital Realty (NYSE: DLR ) and Mivne Real Estate (K.D) ltd (TLV: MVNE ) announced the establishment of the Joint Venture "DIGITAL REALTY MIVNE ", designated to develop and operate the largest colocation data center campus in Israel.

Digital Realty being the largest global provider of cloud and carrier-neutral data center, colocation and interconnection solutions combined with Mivne ' s large and strategic land bank and its extensive geographical distribution across Israel, will enable the JV to develop strategically located, purpose -built data centers.

Israel is a global center for technology innovation with the highest percentage of GDP spent on research and development, the highest venture capital (VC) investment per capita*, the seventh most innovative country in the world** and with over 500 multi -national companies (MNCs) from 35 countries undertaking innovation in Israel.

In addition, the four largest cloud service providers have all announced that they will be building cloud infrastructure in Israel. All of these macro trends are driving significant demand for digital infrastructure throughout Israel.

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* Source: The State of Innovation, PWC Israel, April 2019 ** Source: Bloomberg Innovation Index, February 2021

Digital Realty owns, acquires, develops and operates data centers. Digital Realty is focused on providing data center, colocation and interconnection solutions for domestic and international customers.

Digital Realty is the largest global platform of multi-tenant data center capacity featuring 180,000+ cross-connects in critical locations with proximity to industry-leading businesses exchanging data in a community of more than 4,000+ customers.

*Based on Digital Realty's publications as of March 31, 2022

** As of May 12, 2022

***U.S. REITs within the RMZ. Ranked by market cap as of May 12, 2022. Source: Bloomberg

****These credit ratings may not reflect the potential impact of risks relating to the structure or trading of the Digital Realty's securities and are provided solely for informational purposes. Credit ratings are not recommendations to buy, sell or hold any security, and may be revised or withdrawn at any time by the issuing organization in its sole discretion. Digital Realty does not undertake any obligation to maintain the ratings or advise of any change in ratings. Each agency's rating should be evaluated independently of any other agency's rating. An explanation of the significance of the ratings may be obtained from each of the rating agencies. ***** Includes buildings held as investments in unsolicited joint ventures

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291 Data Centers Across 50 Metro Areas

North America EMEA APAC Latin America

*Based on Digital Realty's publications

Israel's leading real estate company focused on development, acquisition, construction and management of buildings intended for offices, industry, logistics, commerce, and residential purposes for rent or sale.

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1.9 million m 2 Income -producing properties, from north to south Israel

582

Number of income producing properties in Israel

741 thousands m 2 Land reserves and unused rights intended for offices, industry, logistics, commerce, and residential purposes

• Long term holding of assets
• Site investor & developer
• Established owner & operator

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This presentation was prepared by Mivne Real Estate (K.D) Ltd. and does not constitute a proposal to buy or sell Company securities or a proposal to receive such offers and is intended to provide concise information only. The information presented may not serve as a basis for making investment decisions, recommendations or opinions and does not replace the investor's judgment and appropriate advice.

The contents of this presentation in all matters connected to the analysis of Company activity is a summary only; to receive a full picture of the Company's activity and of the risk factors the Company is dealing with, the Company's shelf prospectus, and its immediate, periodic and quarterly reports, must be studied using the MAGNA distribution site ("Company Reports"). The information presented in this presentation does not replace review of the Company's reports.

This presentation also includes data and information with respect to Digital Reality as published by Digital Reality. The presentation features forecasts, assessments, estimates and data referring to future events the realization of which is not certain and not under the Company's control. The Company's estimates included in this presentation including in connection with the Company's expectations regarding the Joint Venture's operation and the development plans of data centers in Israel, all of these constitute forward-looking information as defined in Section 32a of the Securities Law, 1968 and this information is based solely on the Company's subjective estimates made in good faith, based on its experience and professional knowledge accumulated by the Company, on the basis of facts and data pertaining to the current situation of the Company's business, as well as data collected by the Company from other sources, all as known by the Company upon the preparation of this presentation. These estimates may not be realized, in whole or in part, or be realized in a manner materially different than projected, among other things, based on the realization of risk factors characterizing the Company's activity as well as developments in the economic and geopolitical environment (in the world in general and in Israel in particular). Therefore, the results of the Company's activity may be materially different from the general expectations in this presentation. The Company disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

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