This is the fourth of our monthly updates that we have committed to providing during OPEN’s gating period.OPEN’s Operational PerformanceThe underlying portfolio of OPEN continues to perform well in line with sector standards. Business operations continue as usual across OPEN’s portfolio, with ongoing progress across each of OPEN’s investment zones.Real AssetsThe underlying real estate portfolio

OPEN’s Operational Performance OPEN's underlying portfolio continues to perform well. Occupancy remains high at 93% (well ahead of the broader European retail average of c. 80%). The Weighted Average Remaining Lease Term (WARLT) stands at a strong 8.66 years (significantly exceeding the industry norm of c. 6 years for comparable retail assets). Project HEIKO, OPEN’s