• Aims to sell all remaining properties in portfolio by end of 2026
• Factors beyond control may delay some sales to 2027
• Detailed review to identify and mitigate potential saleability issues

The Board of Directors of the US Masters Residential Property Group (the Group) has announced its aim to sell all remaining properties in the Group's portfolio across the New York Premium, New Jersey Premium and New Jersey Workforce segment by the end of calendar year 2026. While the Group is targeting a complete selldown, there are a number of factors beyond its control that could cause the sale of certain properties to slip into 2027, including required regulatory signoffs, uncooperative tenants, buyer delays or default, and other unforeseeable property issues. The Board, in conjunction with Brooksville and the Group's brokers, has undertaken a detailed review of the portfolio to identify properties that have potential saleability issues, and actions and timeframes are to be put in place to enhance the sales prospects for each such property. The number of these properties is currently limited. The cessation of the Group's operations will follow the sale of the remaining property assets, after the completion of the US Masters Residential Property (USA) Fund tax restructure in January 2025. The Group will prepare its financial statements for the year ended 31 December 2025 on a non-going concern basis, with investment properties remeasured to 'net realisable value' to reflect expected costs of asset disposals.

The Group is targeting the sale of all remaining properties in its portfolio by the end of 2026, subject to factors beyond its control.