Open to investment for Wholesale Clients only

Important Information

1. Ratings are only one factor to be taken into account when deciding whether to invest in a Charter Hall product. Ratings are subject to change and further information about the ratings is available at www.charterhall.com.au. This report is intended for wholesale clients, AFSL holders or their authorised representatives, by accessing this report you are confirming that you are a wholesale client or you either hold an AFSL or are an authorised representative. The Zenith Investment Partners Pty Ltd (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating Charter Hall Direct Office Fund (APIR MAQ0842AU), Charter Hall Direct PFA Fund (APIR MAQ5880AU), Charter Hall Direct Industrial Fund No.4 (APIR MAQ0854AU), Charter Hall Direct Long WALE Fund (APIR MAQ5703AU), Charter Hall Wholesale Property Series No.3 (APIR MAQ8142AU), Charter Hall Direct Convenience Retail Fund (APIR MAQ3360AU) (all assigned 11 December 2025) and Charter Hall Maxim Property Securities Fund (APIR COL0001AU) (assigned 24 June 2025) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of and consider the PDS, IM or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at https://www.zenithpartners.com.au/our-solutions/investment-research/regulatory-guidelines/.

2. Ratings are only one factor to be taken into account when deciding whether to invest in a Charter Hall product. Ratings are subject to change and further information about the ratings is available at www.charterhall.com.au. The ratings published on 05/2025 for the Charter Hall Direct Office Fund, 05/2025 for the Charter Hall Direct PFA Fund, 05/2025 for the Charter Hall Direct Industrial Fund No.4, 05/2025 for the Charter Hall Direct Long WALE Fund and 04/2026 for the Charter Hall Maxim Property Securities Fund are issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (“Lonsec Research”). Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. The ratings are not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2025 Lonsec. All rights reserved.

This website is issued by Charter Hall Direct Property Management Limited ABN 56 073 623 784 AFSL 226849 (CHDPML) as the issuer of units in the Charter Hall Direct Industrial Fund No.4 (ARSN 615 152 817), Charter Hall Direct Long WALE Fund (ARSN 622 080 979), Charter Hall Direct Office Fund (ARSN 116 064 343) and Charter Hall Direct PFA Fund (ARSN 097 860 690) (Retail Funds) and in the Charter Hall Direct Convenience Retail Fund, Charter Hall Telco Exchange Fund No.2 and Charter Hall Wholesale Property Series No.3 (Wholesale Funds). Product Disclosure Statements (PDSs) and Target Market Determinations (TMDs) for the Retail Funds and Information Memorandums (IMs) for the Wholesale Funds are available at www.charterhall.com.au. An investment is subject to risks which are summarised in the relevant PDS or IM (Offer Document). You should consider the relevant Offer Document and any supplementary Offer Document in deciding whether to acquire or continue to hold the product. This website is not an offer of units in the Retail Funds or Wholesale Funds or an offer to buy or sell any financial product and should not be relied on in making an investment decision. The information is general in nature and does not take into account your investment objectives, particular needs or financial situation. You should seek independent financial advice. Applications to invest can only be made using the application form relevant to the product. You can obtain a copy of the relevant Offer Document and application form from www.charterhall.com.au or by calling 1300 652 790. You can only apply to invest in a Wholesale Fund if you are a wholesale client (within the meaning of that term under the Corporations Act 2001 (Cth)). Whilst all care has been taken in preparation of this website CHDPML does not give any representation or warranty as to the reliability, completeness or accuracy of the information contained on this website. CHDPML does not accept liability for any inaccurate, incomplete or omitted information of any kind or any losses caused by using this information.

If you are a financial adviser, you should be aware that this website is only provided to you to give you information about the Funds to assist you to discharge your obligations under law in providing personal advice to your clients. The information on this website does not constitute, and should not be taken as constituting, personal advice by CHDPML and must not be used by you in any Statement of Advice or other advice to be provided by you to your clients in a manner that conveys this impression. If you provide a recommendation to your client about an interest in any Fund, you will need to consider this website, the relevant Offer Documents and any supplementary Offer Documents and applicable TMDs for the Fund, along with your obligations under law. This website may not be copied, reproduced, distributed or disseminated to any other person without the express prior approval of CHDPML.

Past performance is not a reliable indicator of future performance. Any forward-looking statement on this website is predictive in character and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties and may differ materially from results ultimately achieved. All figures on this website are as at 31 March 2026 and in Australian dollars unless otherwise stated.

Maxim: Investors should consider the Product Disclosure Statement (PDS) issued by One Managed Investment Funds Limited ABN 47 117 400 987 AFSL 297042 (OMIFL) as responsible entity of the Charter Hall Maxim Property Securities Fund ARSN 116 193 563 (Maxim). The information contained on this website was not prepared by OMIFL but was prepared by other parties. While OMIFL has no reason to believe that the information is inaccurate, the truth or accuracy of the information contained therein cannot be warranted or guaranteed. Anyone reading this website must obtain and rely upon their own independent advice and inquiries. Investors should carefully consider each of the Product Disclosure Statement dated 29 September 2022 (together with the Additional Information Booklet dated 29 September 2022) (PDS) and Target Market Determination (TMD) issued by OMIFL before making any decision about whether to acquire, or continue to hold, an interest in Maxim. Applications for units in Maxim can only be made pursuant to the application form relevant to Maxim. A copy of the PDS dated 29 September 2022, TMD dated 6 February 2025, continuous disclosure notices and relevant application form may be obtained from https://www.oneinvestment.com.au/charterhallmaxim or https://www.charterhall.com.au/maxim. You should also consult a licensed financial adviser before making an investment decision in relation to Maxim. Charter Hall Property Securities Management Limited ABN 25 104 512 978 AFSL 238349 (Charter Hall Maxim) is the investment manager of Maxim. Neither OMIFL nor Charter Hall Maxim guarantees the repayment of capital or the performance of any product or any particular rate of return referred to on this website. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this website, Charter Hall Maxim makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This website has been prepared for the purpose of providing general information only, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information on this website, and seek professional advice, having regard to their objectives, financial situation and needs. Information on this website is current as at 31 March 2026.

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