Waypoint REIT : 2021 Corporate Governance Statement and Appendix 4G

ASX Release

30 March 2022

The Manager

Market Announcements Office Australian Securities Exchange

Electronic lodgement

Corporate Governance Statement and Appendix 4G

The attached documents have been authorised for release by the Board of Waypoint REIT.

For further information, please contact:

Tina Mitas

Company SecretaryWaypoint REIT

T +61 3 908 18433

Etina.mitas@waypointreit.com.au

About Waypoint REIT

Waypoint REIT is Australia's largest listed REIT owning solely service station and convenience retail properties with a high-quality portfolio of properties across all Australian States and mainland Territories. Waypoint REIT's objective is to maximise the long-term income and capital returns from its ownership of the portfolio for the benefit of all security holders.

Waypoint REIT is a stapled entity in which one share in WaypointREIT Limited (ABN35 612 986 517) is stapled to one unit in the Waypoint REIT Trust (ARSN 613 146 464). This ASX announcement is prepared for information purposes only and is correct at the time of release to the ASX. Factual circumstances may change following the release of this announcement.

Please refer to the Waypoint REIT website for further information waypointreit.com.au

Waypoint REIT Limited | ABN 35 612 986 517

Level 15, 720 Bourke Street, Docklands VIC Australia 3008

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Overview 01

Principle 1 - Lay Solid Foundations for Management and Oversight 03

Principle 2 - Structure the Board to be Effective and Add Value 08

Principle 3 - Instil a Culture of Acting Lawfully, Ethically and Responsibly 10

Principle 4 - Safeguard the Integrity of Corporate Reports 12

Principle 5 - Make Timely and Balanced Disclosure 13

Principle 6 - Respect the Rights of Securityholders 13

Principle 7 - Recognise and Manage Risk 14

Principle 8 - Remunerate Fairly and Responsibly 16

Definitions 17

Waypoint REIT Limited - ACN 612 986 517

Waypoint REIT Limited - Corporate Governance Statement 2021

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Overview continued

Corporate governance framework

The Board places a high importance on its corporate governance responsibilities and considers risk management fundamental to efficient and effective business operations while generating and protecting securityholder value.

Accordingly, managing and overseeing risk are ongoing processes integral to the management and corporate governance of Waypoint REIT's business. The Board believes that best practice corporate governance standards support sustainable performance by Waypoint REIT over time.

As at 30 March 2022, the Board comprised three Non-Executive Independent Directors and one Executive Director. An overview of the qualifications, experience and special responsibilities of each Director is set out on page 6 of the 2021 Annual Report.

Corporate governance framework

The roles, responsibilities and accountabilities of the Board, Board Committees and Waypoint REIT's senior management are set out in the Board and Committee charters, which have been summarised in the diagram below.

Waypoint REIT has adopted a number of corporate governance policies referred to in this Corporate Governance Statement, and these are published on the Waypoint REIT's website atwww.waypointreit.com.au/investors.

Accountable for overall management and performance

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Waypoint REIT Limited - Corporate Governance Statement 2021

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