We would like to present our perspective on ASLI's current situation and explain why we believe it may be appropriate to reflect on strategic alternatives before further irreversible steps are taken as part of the wind-down process. Our investment in ASLI reflects a long-term commitment and a clear intention to engage constructively with the Company, its Board, and its shareholders, while fully respecting strong corporate governance principles and the Board's fiduciary responsibilities.

In our view, the challenges facing ASLI do not result from weaknesses in asset quality or structure, but rather from the timing of decisions made during an exceptionally difficult phase of the real estate and capital markets cycle. We believe ASLI has solid foundations that could support its repositioning as a pan-European logistics REIT, offering stable income combined with long-term growth potential.

We fully recognise the diversity of ASLI's shareholder base and respect the position of those investors who may wish to realise liquidity in line with the original wind-down strategy. We believe these interests can be addressed through a controlled, transparent, and orderly liquidity solution designed to minimise value erosion from forced asset sales, delays, or escalating liquidation costs.

We are encouraged by strong institutional demand for logistics real estate, particularly in Poland and Central and Eastern Europe. We have prepared a presentation introducing DL Invest Group together with a broader description of our engagement and proposed involvement in ASLI. The presentation is available at the following link:
https://dlinvest.pl/wp-content/uploads/2026/01/DL-Invest-Group-ASLI-intro-meeting.pdf

Yours sincerely,
DL Invest Group Team