Assurance report of the independent auditor

To the participants of Vesteda Residential Fund FGR

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Annex 4: External appraisers

The purpose of the appraisal is to gain an accurate and independent valuation of the assets by the end of each quarter.

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Annex 5: Composition of the investment portfolio

The list below sets out the complexes in the investment portfolio. In line with the MSCI definition, all complexes are allocated to the residential properties sector, as the residential share of the gross market rental value is greater than 50%.

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Consolidated statement of comprehensive income

(Amounts in € million)

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Consolidated statement of financial position

(Amounts in € million)

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Consolidated statement of changes in equity

(Amounts in € million)

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Consolidated cash flow statement

(Amounts in € million)

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