CTP N : NV 2022 Half Year Results Announcement

CTP DELIVERS ROBUST RENTAL GROWTH AND FINANCIAL PERFORMANCE

DRIVEN BY STRONG SECTOR FUNDAMENTALS IN ITS CORE CEE MARKETS,

ITS CLIENT FOCUSED APPROACH AND ACCELERATING OPERATIONAL MOMENTUM

AMSTERDAM, 10 August 2022 - CTP N.V. (ticker CTPNV.AS), ('CTP' or the 'Company') Continental Europe's largest listed owner, developer, and manager of high quality industrial and logistics real estate by gross lettable area (GLA), reports strong income growth from active asset management, with like-for-like rental growth from its investment portfolio of 4.3%1 in the Financial Results for the first six months of 2022.

Remon Vos, CEO said: "CTP enters the second half of 2022 well positioned to navigate economic headwinds, and ready to continue the disciplined execution of its strategy, underpinned by its high-quality income producing investment portfolio and solid capital structure, which have delivered excellent results in the first six months of the year. Our pan-European network of CTParks is generating robust and growing rental income streams, including like-for-like rental growth from the investment portfolio of 4.3%. CTP's capital efficient development platform is generating organic, tenant-led growth at a market leading double-digit yield on cost and that momentum continues building on the foundation of our long-term client relationships with many leading companies.

We are seeing strengthening demand for CTP's new and existing assets as companies increasingly seek a cost- effective means of enhancing the resilience of their supply chains and manufacturing capabilities. Together with the ongoing constrained supply of suitable assets, these sector fundamentals are translating into material rental growth. CTP's market-leading position, deep sector knowledge and proven ability to effectively respond to an increasingly complex and fast changing environment, allows us to continue to deliver attractive and resilient returns".

KEY OPERATIONAL HIGHLIGHTS:

• Proactive asset management delivering 4.3% like-for- like rental growth across the Group's investment portfolio, including new lettings and lease regears
• Strong operational and portfolio metrics including an occupancy rate of more than 95% across the Central and Eastern European (CEE) portfolio (31 December 2021: 94%), client retention rate of 91% (31 December 2021: 92%), and an attractive portfolio WAULT of 6.4 years (31 December 2021: 6.7 years)
• 1.4 million sqm of development projects under construction at a yield on cost of 10%, of which 47% were pre-let,securing €37 million of contracted rent

KEY FINANCIAL HIGHLIGHTS:

• Net rental income up by 32% to €211.5 million (30 June 2021: €160.3 million) supported by new rent arising from development completions, acquisitions of income producing assets and active management of the Group's investment portfolio
• Profit after tax of €490.2 million up 160% compared with the prior year (30 June 2021: €188.3 million), driven by strong growth in rental income, an increase in valuation2 driven by rising ERVs and lower financing costs

1. The like-for-like gross rental growth compares the growth of the gross rental income of the portfolio that has been consistently in operation (not under development) during the two preceding 12-month periods described. Excludes CTP Germany, due to the absence of like-for-like rental growth comparables. Prior to Q1 2022, the Group reported the like-for-like rental growth by comparing the rent level between two periods calculated based on the same portfolio of contracts (not taking any new lease amendments or extensions into consideration).
2. Following a change in our valuation policy, a mid-year external valuation of Investment property was undertaken first time as of 30 June 2022.

CTP N.V.

Apollolaan 151

1077 AR Amsterdam

Netherlands

T: 31 85 27 31 294	1

• Company specific adjusted EPRA EPS up 20% to €0.30 (30 June 2021: €0.25), with Company specific adjusted EPRA EPS of €0.60 for FY2022 reconfirmed
• Investment property increased 25% to €10,439 million (31 Dec 2021: €8,349 million) underpinned by positive half-yearrevaluation of standing portfolio and an increase in Group's owned GLA to 9.5 million sqm
• Adjusted NTA per share is up 11% to €13.39 (31 Dec 2021: €12.06) largely due to half-year revaluation of standing portfolio driven by like-for-like rental growth of 4.3% and progress in our development pipeline
• Well positioned balance sheet to support disciplined development growth, with a conservative LTV, no near-term refinancing requirements, sector leading average cost of debt of 1.15% (100% fixed or hedged) and a solid liquidity position of €1.4 billion
• Interim dividend of €0.22 for the first half of 2022, which equates to c.75% of Company Specific Adjusted EPRA earnings and will be offered to shareholders by way of either scrip or cash dividend
  Key financial highlights

	Six months to	Six months to	Increase
	30 June 2022	30 June 2021
	(%)
	('000 000)	('000 000)
Net rental income	€211.5	€160.3	32%
Net valuation result1 on investment property	€499.0	€145.7	242%
Profit for the period (after tax)	€490.2	€188.3	160%
Company Specific Adjusted EPRA earnings	€126.0	€92.1	37%
Company Specific Adjusted EPRA earnings per share	€0.30	€0.25	20%
	30 June 2022	31 Dec 2021	Increase
	('000 000)	('000 000)	(%)
Investment property	€9,382.4	€7,575.1	24%
Investment property under development	€1,057.7	€774.2	37%
EPRA net tangible assets per share	€13.39	€12.06	11%
Yield-on-Cost of developments	10.0%	11.0%
Loan To Value (LTV)	43.9%	42.8%

1 Following a change in our valuation policy, a mid-year external valuation of Investment property was undertaken first time as of 30 June 2022.

CTP N.V.

Apollolaan 151

1077 AR Amsterdam

Netherlands

T: 31 85 27 31 294	2

[phone]

WEBCAST AND CONFERENCE CALL FOR ANALYSTS AND INVESTORS

Today, at 08.30am (BST) and 09.30am (CEST), CTP N.V. will host a presentation and Q&A session for analysts and investors via a live webcast and audio conference call.

To view the live webcast, please register at: https://www.investis-live.com/ctp/62ab3c6f3854dd0e0048511b/sdfb

To join the presentation by telephone, please dial one of the following numbers and enter the participant access code 486305.

UK	0800 640 6441
United Kingdom (Local)	020 3936 2999
All other locations	[phone]

Press *1 to ask a question, *2 to withdraw your question, or *0 for operator assistance.

The recording will also be available on-demand until Wednesday 17 August 2022. To access the telephone replay dial one of the numbers below and enter the participant access code 368342.

UK	020 3936 3001
USA	1 845 709 8569
All other locations	[phone]

A copy of this announcement and the presentation is available on the Company website: https://www.ctp.eu/investors/financial-reports/

CONTACT DETAILS FOR ANALYST AND INVESTOR ENQUIRIES:

CTP

Patrick Zehetmayr, CFO

Mobile: [phone]

Email:[e-mail]

CONTACT DETAILS FOR MEDIA ENQUIRIES:

Bellier Communication

Steve Hays

Mobile:

Email:

CTP N.V.

Apollolaan 151

1077 AR Amsterdam

Netherlands

T: 31 85 27 31 294	3

CTP FINANCIAL CALENDAR

Date	Action
Friday, 12 August 2022	Ex-dividend before opening
Monday, 15 August 2022	Record date dividend at close of business
Tuesday, 16 August 2022	Start election period stock or cash dividend
Monday, 29 August 2022	End election period
Monday, 5 September 2022	Payment date cash and new shares
Wednesday, 9 November 2022	Publication of third quarter results 2022

About CTP

CTP Continental Europe's largest listed owner, developer and manager of logistics and industrial real estate by

gross lettable area, owning over 9.5 million sqm of space across ten countries. CTP is the only investor in the

region with an entirely BREEAM-certified CEE portfolio, and it became carbon neutral in operations from 2021,

underlying its commitment to being a sustainable business. For more information, visit our corporate website:

www.ctp.eu

Forward looking disclaimer

This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and business of CTP. These forward-looking statements may be identified by the use of forward- looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "targets", "may", "aims", "likely", "would", "could", "can have", "will" or "should" or, in each case, their negative or other variations or comparable terminology. Forward-looking statements may and often do differ materially from actual results. As a result, undue influence should not be placed on any forward-looking statement. This press release contains inside information as defined in article 7(1) of Regulation (EU) 596/2014 of 16 April 2014 (the Market Abuse Regulation).

CTP N.V.

Apollolaan 151

1077 AR Amsterdam

Netherlands

T: 31 85 27 31 294	4

H1 2022 in review

Over the past 24 years, CTP has grown to become one of continental Europe's leading industrial and logistics real estate companies. It owns and actively manages a high-quality portfolio of assets in over 200 locations spanning ten countries and serving over 1,000 clients. The scale and quality of its highly diversified investment and development portfolio underpins CTP's ability to deliver resilient, growing cash flows and attractive returns over the longer term.

The Group seeks to leverage its long established, scalable operating platform and deliver controlled and disciplined organic growth, primarily through tenant-led development of its sizable land bank totalling 20 million sqm, the majority of which is located within the vicinity of the Group's existing large multi-use logistics and industrial CTParks.

Strong market fundamentals together with focused execution of the Group's strategy, have resulted in positive operational momentum and performance during the first six months of 2022. The Group's "Parkmaking" expertise and unique vertically integrated operating platform together are integral to its ability to effectively execute its strategy and deliver performance across its market-leading portfolio, which is located throughout CEE and Western Europe.

With a market share of 27.4% as at 30 June 2022 (31 June 2021: 24.9%), the Group is the largest owner of

industrial and logistics real estate assets in its core CEE markets: Czech Republic, Romania, Hungary, and Slovakia. Together, these markets represent 77% of the Group's total owned GLA. The strength of CTP's market share reflects the Group's first mover advantage and established scale in key CEE markets, positioning the Group as the partner of choice for many industrial and logistics occupiers.

Delivering the strategy

During the first half of 2022, the Company's investment portfolio grew 25% to 9.5 million GLA through a combination of development completions; the strategic selective acquisition of income-producing assets; and integration of the 1.7 million sqm Deutsche Industrie Grundbesitz (DIG) AG portfolio1, acquired in February 2022. CTP remains on track to deliver approximately 1.5 million GLA by the year end.

This growth in GLA contributed to a 24% uplift in investment property value to €9,382 million (31 December 2021: €7,575 million). Ongoing investment demand for well-located industrial and logistics assets is reflected in the portfolio's half year valuation yield of 6.3% compared to 6.4% in 2021.

1 The Group's 1.5 million sqm target GLA for 2022 excludes the DIG portfolio

CTP N.V.

Apollolaan 151

1077 AR Amsterdam

Netherlands

T: 31 85 27 31 294	5