ARENA REIT. — Director's Dealing 2025

Nov 13, 2025

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity Arena REIT (comprising Arena REIT Limited, Arena REIT No. 1 and Arena REIT No. 2)

ABN Arena REIT Limited ABN 89 602 365 186 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.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Justin Bailey
Date of appointment	14 November 2025

Part 1 - Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

15,117 Ordinary stapled securities 245,908 LTI performance rights 49,231 Deferred STI rights

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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

Name of holder & nature of interestNote: Provide details of the circumstances giving riseto the relevant interest.JP Morgan Nominees AustraliaLimited, as custodian forAustralianSuper Pty Ltd astrustee of AustralianSuper -Member Direct investment	Number & class of Securities51,735 Ordinary stapled securities

Part 3 – 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	Arena REIT Deferred Short-Term and Long-Term Incentive Plan
Nature of interest	LTI performance rights and Deferred STIrights
Name of registered holder(if issued securities)	Mr Justin Daniel Bailey
No. and class of securities to whichinterest relates	LTI performance rights:245,908Deferred STI rights:49,231

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002