• Continued engagement with Viva Energy on OTR conversions
• Planning approvals for 14 Waypoint REIT-owned sites, 4 conversions completed
• Commencing $50 million on-market buyback to enhance securityholder value

Waypoint REIT continues to engage with Viva Energy Australia on the conversion of its fuel and convenience network to the 'On The Run' (OTR) format. This includes assisting Viva Energy during the planning approval process and discussing potential landlord funding for the conversion of Waypoint REIT-owned sites. Viva Energy has announced plans to add between 40 and 60 OTR stores to its network in 2025, with approximately 50% of its Express network of around 680 sites (350 of which are owned by Waypoint REIT) expected to be converted to the OTR format by 2028. To date, Waypoint REIT has provided landlord consent to the lodgment of planning applications on 14 Waypoint REIT-owned sites, with four conversions having been completed. While discussions continue on landlord funding, Waypoint REIT does not currently expect to provide a significant amount of funding during the 2025 financial year. Waypoint REIT is also announcing an on-market buyback of up to $50 million of its securities, which it believes represents an attractive capital deployment opportunity to enhance securityholder value and is expected to be accretive to Distributable EPS and NTA per security. Waypoint REIT continues to progress the proposed sale of three assets with a book value of approximately $15 million and will consider further non-core asset sales in 2025.