ARENA REIT. — Director's Dealing 2025

Nov 13, 2025

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Arena REIT (comprising Arena REIT Limited, Arena REIT No. 1 and Arena REIT No. 2)
ABN	Arena REIT Limited ACN 602 365 186
	Arena REIT No. 1 ARSN 106 891 641
	Arena REIT No. 2 ARSN 101 067 878

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Gareth Winter
Date of last notice	24 September 2025

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

		case of a trust, this includes interests in the trust made avail	case of a trust, this includes interests in the trust made avail	able by the responsible entity of the trust“ ”	able by the responsible entity of the trust“ ”	able by the responsible entity of the trust“ ”
		In the case of a company, interests which come within paragraph (i)closed in this part.		of the definition of notifiable interest of a director should
	D	rect or indirect interest		Indirect
	N	ature of indirect interest		Mr Gareth Winter <W	nter Famil A/C> Mr
	(in				y .
		cluding registered holder)		Winter is a director of	the trustee and a
	Noin	te: Provide details of the circumstances givierest	ng rise to the relevant	beneficiar of the trus	t
		.		y	.
	D	ate of change		13 November 2025
	N	o. of securities held prior to chang	e	Issued Securities:
				1,330,179 Ordinary st	apled securities
				LTI Pf i	t
				erormance rg	s:
				193,303
				Deferred STI rights:
				Nil
	Cl	ass		Ordinary stapled secu	rities
	Number acquired			100751 LTI performa	nce rights
				,42198 Deferred STI r	ights
				,
	Number disosed			Nil
	p
	Value/Consideration			Nil
	Note: If consideration is non-cash, provide		details and estimated
	valuation

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Issued Securities:1,330,179 Ordinary stapled securitiesLTI Performance rights:294,054Deferred STI rights:42,198
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	LTI Performance rights and Deferred STIrights acquired by Mr Winter as part of hisremuneration and approved bysecurityholders at the 2025 Arena REITAnnual General Meeting held on 13November 2025.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Not applicable
Nature of interest	Not applicable
Name of registered holder(if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above No traded during a[+] closed period where prior written clearance was required?

If so, was prior written clearance provided to allow the trade to Not applicable proceed during this period?

If prior written clearance was provided, on what date was this Not applicable provided?

• See chapter 19 for defined terms.

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