The document discusses APG Real Estate's GRESB (Global Real Estate Sustainability Benchmark) scores from 2016 to 2018. It shows that: 1) APG Real Estate consistently outperformed industry averages on GRESB scores across its total portfolio and infrastructure assets. 2) The proportion of APG Real Estate's assets reporting to GRESB increased from 43% in 2016 to 52% in 2018. 3) APG Real Estate aims to move more of its assets into the top "5 star" GRESB rating category.

1. CONFIDENTIAL | 1APG REAL ESTATE
2018 APG - GRESB Infra scores
Management
Policy &
disclosure
Risks &
opportunities
Monitoring
& EMS
Performance
indicators
Certifications &
Awards
Stakeholder
engagement
78
33
43
75
74
90
100

2. CONFIDENTIAL | 2APG REAL ESTATE
Outperformance over the industry average
GRESB SCORES APG REAL ESTATE & INFRA
100
50
0
Management & Policy
Implementation & Measurement
0 50 100
2011
2012
2013
2014
2015
2016
APG total portfolio
GRESB average
2017
50
GRESB Infra Asset
GRESB Real Estate
2016
2017 2018
2018

3. CONFIDENTIAL | 3APG REAL ESTATE
Share of GRESB reporters increased with 35%
GRESB REPORTERS AT ASSET LEVEL
52%
GRESB Reporters
43%
€ 8.8
€ 10.0
€ 11.2
€ 3.3
€ 4.3
€ 5.8
€ -
€ 2
€ 4
€ 6
€ 8
€ 10
€ 12
2016 2017 2018
Billions
Assets under Management GRESB Reporter
Asset
reporting
increased
with 35%

4. CONFIDENTIAL | 4APG REAL ESTATE
Results total portfolio
GRESB RATINGS
€ 2
€ 1
€ 2
€ 0
€ 1
€ 5
€ 1
€ 1
€ 1
€ 0€ 0
€ 6
€ 1
€ 1
€ 1
€ 0€ 0
€ 5
€ -
€ 1
€ 2
€ 3
€ 4
€ 5
€ 6
5 Star4 Star3 Star2 Star1 StarNot reported
Billions
2018 2017 2016
It is our aim to move our asset
portfolio into the direction of 5
stars.

5. CONFIDENTIAL | 5APG REAL ESTATE
Increased outperformance
OUTPERFORMANCE GRESB ASSET SCORE
We have steadily outperformed the GRESB Infra Asset
benchmark
39.2
51.1
60.0
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
2016 2017 2018
NAV weighted GRESB Score APG GRESB Benchmark
28
43
48

6. CONFIDENTIAL | 6APG REAL ESTATE
On all aspects the assets have outperformed the benchmark
GRESB INFRA ASSET: ASPECT SCORES
52
85
71
42
68
57
0
10
20
30
40
50
60
70
80
90
2016 2017 2018
APG Score GRESB Score
29
62
69
21
41
50
0
10
20
30
40
50
60
70
80
2016 2017 2018
24
33
51
17
29
48
0
10
20
30
40
50
60
2016 2017 2018
15
27
15
9
18
7
0
5
10
15
20
25
30
2016 2017 2018
51
60
65
39
56
52
0
10
20
30
40
50
60
70
2016 2017 2018
44
50
69
31
39
47
0
10
20
30
40
50
60
70
80
2016 2017 2018
64
67
51
39
57
38
0
10
20
30
40
50
60
70
80
2016 2017 2018
Stakeholder Engagement Policy & Disclosure Risk & Opportunities Monitoring & EMS
Management Performance Indicators Certifications & Awards