Financial Performance - EfTEN United Property Fund achieved a net profit of 3.57 million euros in 2025, a 2.2 times increase compared to 1.62 million euros in 2024, representing 14% of the fund's invested capital and approximately 17% of its market capitalization [1] - The fund's income rose from 1.82 million euros in 2024 to 3.78 million euros in 2025, with distributions to investors exceeding 9% of the market capitalization [1] Key Developments - The improved profitability was primarily driven by the Uus-Järveküla residential development and the investment in the Kristiine shopping centre, with all completed semi-detached and terraced houses sold by the end of 2025 [2] - The Kristiine shopping centre saw a 0.4% increase in visitors to 6 million and a 5.4% increase in tenant turnover, with net rental income exceeding the projected budget by 4% and an occupancy rate of 100% [2] Monthly Performance - In December, the fund's monthly profit surpassed 1 million euros for the first time, reaching 1.12 million euros, largely due to the valuation of the Uus-Järveküla development [3] - The net asset value (NAV) of the EfTEN United Property Fund unit was 11.76 euros at the end of December, reflecting a 4.0% monthly increase [3] Future Outlook - EfTEN United Property Fund plans to publish its unaudited 2025 results on February 2 and will inform investors about planned distributions for 2026 [4]

Core Points - EfTEN Capital AS announced a cash distribution of 16,900 euro cents per unit, totaling 419,772 euros, which represents approximately 2% of the fund's latest closing price [1] - In 2025, the EfTEN United Property Fund has distributed over 9% of its market cap, with total distributions amounting to 1.4 euros per unit since its listing in May 2022 [2] - The distribution is derived from income generated by the EfTEN Real Estate Fund 5, EfTEN Special Opportunities Fund, and owner loan interests from Invego Uus-Järveküla OÜ [3] Distribution Details - The record date for unitholders eligible for the distribution is set for October 31, 2025, with the ex-date being October 30, 2025 [4] - The cash distribution will be executed on November 14, 2025, and will be transferred to unitholders' bank accounts, subject to taxation [5]

Core Points - The Management Board of EfTEN Capital AS approved updated terms and conditions for the EfTEN United Property Fund on June 19, 2025, with the Financial Supervision Authority approving these amendments on July 20, 2025 [1][2]. Summary by Sections Investment Restrictions - The amendments clarified the wording of the Fund's investment restrictions, specifically in clause 3.11, outlining maximum restrictions on investments made through another fund and directly into real estate [2]. Principles and Fees - The amendments do not alter the Fund's investment principles, redemption principles, rights and obligations related to units, or the list of fees and expenses paid on behalf of the Fund, nor do they change the calculation procedures or limits [3]. Implementation Date - The updated fund rules will take effect one month after publication, specifically on August 23, 2025 [4].

Financial Performance - EfTEN United Property Fund reported a net profit of 170 thousand euros in May and 1.32 million euros for the first five months of 2025, a decrease from 357 thousand euros during the same period last year [1] - The fund distributed 1.47 million euros to investors in May, equating to 57 euro cents per unit, leading to a 4.4% decrease in net asset value (NAV) to 11.02 euros per unit at the end of May [1] - Without the distribution, the NAV would have increased by 0.6% in May [1] Investment Highlights - The fund's largest investment, EfTEN Real Estate Fund 5, which EfTEN United Property Fund owns 36.5% of, earned a profit of 257 thousand euros in May, supported by the Kristiine shopping centre investment [2] - The vacancy rate of the Kristiine shopping centre was just 0.17% as of the end of May, with the equity value of EfTEN Kristiine OÜ increasing by 1.1% in a month [2] Development Projects - In the Uus-Järveküla development, one terraced house was handed over to clients in May, generating a profit of 7.7 thousand euros for the development company Invego Uus-Järveküla OÜ, in which the fund holds an 80% stake [3] - The fund earned 38.3 thousand euros in interest income from this investment, with the next development stage of 17 terraced houses planned for completion in July [3] - The signing of real right agreements for most of the 16 terraced houses already booked by clients began in June, with 5 finished terraced houses remaining unsold [3] - The final stage of development, consisting of 32 terraced houses, is expected to be completed in the first quarter of 2026 [3]