KSS Information Memorandum 2021

Assets Overview KSS Group owns 75 operating centres (excluding 2 leasehold properties mentioned below). The KSS Group Assets are overseen by Kennards Storage Management Pty Ltd (“KSM”) under a Management Agreement with the KSS Group. The KSS Group asset portfolio has 77 Operating assets and 7 Development Assets. Of the Operating Assets, the Hoxton Park (NSW) and Adelaide Airport (SA) assets are on a leasehold basis. The KSS Group financials also include 2 leasehold properties at Erina and Rydalmere, however these are excluded from the portfolio of assets considered part of the financing security pool. NSW has the majority of assets by value (64%), centres (52%) and Revenue (65%). This is followed by Victoria, Queensland, South Australia and New Zealand. Properties are valued on a three year cycle. These values are supported by market evidence and are determined by external professional valuers with sufficient experience with respect to both the location and the nature of the property. The 2020 external valuations were based on independent assessments made by Urbis Valuations and Colliers International.

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