ABACUS GROUP — M&A Activity 2025

Aug 25, 2025

ASX RELEASE

26 AUGUST 2025

NOTICE OF WITHDRAWAL OF NON-BINDING INDICATIVE PROPOSAL

Abacus Group (ASX:ABG) (‘Abacus’ or ‘the Group’) refers to the announcement made by Abacus Storge King (ASX:ASK) (‘ASK’) today in respect of the withdrawal of the nonbinding indicative proposal from Ki Corporation Limited (‘Ki’) and Public Storage (NYSE:PSA) (together the ‘Consortium’) to acquire all of the outstanding stapled securities in ASK not already held by Ki or its subsidiaries, to be implemented by way of an inter-conditional scheme of arrangement and trust scheme (‘Indicative Proposal’).

A copy of the ASK announcement is annexed.

Abacus currently holds a 19.77% interest in ASK stapled securities and is also the manager of ASK.

END

Authorised for release by the Board

INVESTOR ENQUIRIES

Cynthia Rouse Executive General Manager Investor Relations and Corporate Communications +61 2 9253 8600

Abacus Group - Level 13, 77 Castlereagh Street, Sydney NSW 2000 AUSTRALIA +61 2 9253 8600 Abacus Group Holdings Limited ACN 080 604 619 | Abacus Funds Management Limited ACN 007 415 590 AFSL 227819 as Responsible Entity of Abacus Trust ARSN 096 572 128 and Abacus Income Trust ARSN 104 934 287 | Abacus Group Projects Limited ACN 104 066 104

abacusgroup.com.au

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ASX RELEASE

26 AUGUST 2025

NOTICE OF WITHDRAWAL OF NON-BINDING INDICATIVE PROPOSAL

Abacus Storage King (ASX:ASK) (‘ASK’) refers to its announcement on 21 July 2025 in relation to the revised non-binding indicative proposal from Ki Corporation Limited (‘Ki’) and Public Storage (NYSE:PSA) (together ‘the Consortium’) to acquire all of the outstanding stapled securities in ASK not already held by Ki or its subsidiaries, by way of an inter-conditional scheme of arrangement of Abacus Storage Operations Limited (‘ASOL’) and trust scheme of Abacus Storage Property Trust (‘ASPT’).

The ASK independent board committee (‘IBC’) has been notified overnight that the Consortium has withdrawn its proposal.

ASK remains committed to maximising value for all ASK securityholders.

END

Authorised for release by the IBC of ASK

INVESTOR & MEDIA ENQUIRIES

Cynthia Rouse Executive General Manager Investor Relations and Corporate Communications +61 2 9253 8600

MEDIA ENQUIRIES

Ben Wilson GRA Cosway +61 407 966 083

Abacus Storage King – Level 13, 77 Castlereagh Street, Sydney NSW 2000 AUSTRALIA +61 2 9253 8600 Abacus Storage Funds Management Limited ACN 109 324 834 ASFL 277357 as Responsible Entity of Abacus Storage Property Trust ARSN 111629 559 | Abacus Storage Operations Limited ACN 112 457 075.

abacusgroup.com.au