Argentum

Danish clients in meeting the high requirements of the Danish general data protection regulations through e.g. encryption solutions. Accounting for DKK 5.2bn of total revenues in 2016, the Danish subsidiary employs around 2,000 full-time employees, of which about 320 at the Property. Note: As part of the lease commitment, IBM Denmark has put up a 6-month deposit to secure the rent. There is no additional security from IBM for the lease. Details about the lease terms can be found on p. 69.

KEY FINANCIALS As per 1 January 2018

Actual rental income, DKK p.a.

5,155,351

- hereof income from parking/antenn

357,244

Operating cost budget 2017* Costs (DKK)

Total operating costs, DKK p.a.

109,934

Gross Tenants' share 774,268 774,268

Net

Site and building taxes

0

Refuse collection

796

796

0

Net operating income, DKK p.a.

5,045,417

Property insurance

36,000 36,000

0

Heating, water, electricity

451,550 451,550

0

Cleaning, janitor etc.

330,000 330,000

0

Service agreements I BM DANI SH HEADQUARTERS

5,341

Total GLA, sqm

101,500 101,500

0

External maintenance (est. DKK 30 per sqm)

160,230

0 160,230

3,860

- hereof o¢ce GLA

Property man. (est. 1.5%)

77,330

0 77,330

- hereof storage/ basement GLA

1,481

In total

1,931,674 1,694,114 237,560

DKK pr, m»

362

317

44

Capital allocation for technical installations** Capital allocation for heating supply system**

126,000 -63,000

0

Vacant space, sqm

129,252 -64,626

Public valuation (tax assessment value), DKK

65,000,000

Total incl. capital allocations

1,931,674 1,949,366 109,934

- hereof site value, DKK

6,964,300

*Information according to owner's budget for 2017 ** Capital allocations are included with 50%

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