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STAGE 1 — SANDSTONE RELEASE EXPRESSION OF INTEREST TERMS & CONDITIONS Effective from: 24 August 2026

These Terms and Conditions apply to the Expression of Interest (“EOI”) process for the Stage 1 Sandstone Release at Pinny Beach. 1. PARTIES 1.1 The Stage 1 Sandstone Release at Pinny Beach is being undertaken by the relevant Pinny Beach entities, trading as Scape Properties, as developer and vendor of the relevant land at Pinny Beach (“Developer”). 1.2 Scape Realty Pty Ltd (“Scape Realty”) is the licensed real estate agency appointed to market and sell the relevant lots on behalf of the Developer. 1.3 Scape Realty is acting for the Developer and not for prospective purchasers. Submission of an EOI does not create an agency, advisory or other relationship between Scape Realty and the person submitting the EOI. 2. PURPOSE OF THE EOI PROCESS 2.1 The EOI process provides registered prospective purchasers with an opportunity to nominate their preferred Stage 1 Sandstone Release lot or lots before the public release of remaining Stage 1 lots. 2.2 The purpose of the EOI process is to assist the Developer in managing competing interest in individual lots and in creating a community that is predominantly owner-occupied. 2.3 The EOI process is not an auction or tender and is not a process for determining the sale price of a lot. 2.4 Each available lot has a predetermined fixed price. Prospective purchasers are not invited to submit a purchase price or bid against another prospective purchaser. 3. EOI PERIOD 3.1 EOIs open on Monday 24 August 2026. 3.2 EOIs close at 4:00pm on Monday 21 September 2026 (“Closing Time”). 3.3 EOIs must be submitted in the manner specified by the Developer or Scape Realty. 3.4 EOIs received after the Closing Time will not be considered as part of the priority allocation process. 3.5 The Developer may, at its discretion and subject to applicable law, extend, shorten or otherwise vary the EOI period.

4. SUBMISSION OF AN EOI 4.1 A prospective purchaser may nominate one or more preferred lots in their EOI. 4.2 Submission of an EOI does not constitute an offer to purchase a lot. 4.3 An EOI does not constitute a reservation, holding, option, sale or agreement to sell any lot. 4.4 An EOI does not create any obligation on the prospective purchaser to purchase a lot or any obligation on the Developer to sell a lot to the prospective purchaser. 4.5 An EOI does not guarantee that the prospective purchaser will be allocated any particular lot. 4.6 Prospective purchasers should obtain their own independent legal, financial, taxation and other professional advice before entering into a contract for sale. 5. FIXED PRICING 5.1 The lots included in the Sandstone Release will be offered at predetermined fixed prices. 5.2 The EOI process does not involve purchasers submitting competing prices or bids. 5.3 Where two or more prospective purchasers nominate the same lot, the Developer may select one prospective purchaser to receive the opportunity to proceed with that lot at its advertised fixed price. 5.4 The Developer is not required to allocate a lot to the prospective purchaser who submits an EOI first, nor is an earlier EOI given automatic priority. 6. EOI REVIEW AND SELECTION PROCESS 6.1 Following the Closing Time, the Developer will review EOIs received during the EOI period. 6.2 The review and priority allocation process will occur following the Closing Time, with priority allocations expected to be confirmed by Wednesday 7 October 2026. 6.3 EOIs will not be allocated on a first-in, first-served basis. Submitting an EOI early does not give a prospective purchaser priority. 6.4 In assessing competing EOIs for the same lot, the Developer may consider information provided by the prospective purchaser through the original registration of interest and the subsequent EOI process. 6.5 Information considered may include the prospective purchaser’s intended use of the property and relocation intentions. 6.6 Owner-occupier preference: Where there are competing EOIs for the same lot, the Developer may give preference to a prospective purchaser who genuinely intends to make the property their primary place of residence. 6.7 Investors: Investors are welcome to participate in the EOI process. However, where there are competing EOIs for the same lot, an owner-occupier may be preferred over an investor. 6.8 Where more than one prospective purchaser submits an EOI for the same lot, the Developer will assess the competing EOIs and may exercise its commercial discretion in determining which prospective purchaser is best aligned with the objectives of the Pinny Beach community.

6.9 The Developer is not required to provide individual prospective purchasers with reasons for the outcome of an EOI assessment or allocation decision. 6.10 The Developer may determine that no EOI is suitable for a particular lot and may retain, withdraw, defer or otherwise deal with that lot at its discretion, subject to applicable law. 7. SINGLE EOI FOR A LOT 7.1 Where only one prospective purchaser submits an EOI for a particular lot, the Developer may proceed with that prospective purchaser, subject to: (a) the lot remaining available; (b) the Developer’s approval; (c) the prospective purchaser satisfying any applicable requirements for the proposed sale; and (d) the subsequent negotiation, execution and exchange of a contract for sale within the applicable timeframe. 7.2 Submission of a single EOI does not automatically entitle the prospective purchaser to the lot. 7.3 Any allocation made following consideration of an EOI remains subject to the exchange period set out in clause 8. 8. ALLOCATION OF LOTS AND EXCHANGE 8.1 Successful EOI applicants are expected to be notified of their proposed Stage 1 allocation by Wednesday 7 October 2026. 8.2 An allocation notification is an invitation to proceed to the next stage of the sales process. It does not constitute a contract for sale. 8.3 Following notification of an allocation, the successful EOI applicant will be provided with a contract for sale. The successful EOI applicant will have 14 days from receipt of the contract for sale to enter into and exchange the contract, including payment of the required 5% deposit, subject to the contract for sale being agreed and executed by all relevant parties. 8.4 The 14-day period is intended to provide the successful EOI applicant with an opportunity to review the contract, finalise their legal and financial arrangements and complete the contract process. 8.5 The successful EOI applicant is responsible for obtaining any independent legal, financial, taxation or other professional advice they require prior to entering into the contract for sale. 8.6 If the contract has not been exchanged, including payment of the required 5% deposit, within the 14-day period, the Developer may, at its discretion, withdraw the allocation and make the relevant lot available to another prospective purchaser or otherwise deal with the lot. 8.7 The Developer may agree to extend the 14-day period at its discretion where circumstances reasonably warrant an extension. 8.8 An allocation does not constitute a reservation, sale or binding agreement to sell the relevant lot. 8.9 A binding sale will only occur following the execution and exchange of a contract for sale.

9. CONTRACT FOR SALE 9.1 All sales remain subject to the preparation, negotiation and execution of a formal contract for sale. 9.2 The EOI process does not alter the rights and obligations of the parties under any subsequent contract for sale. 9.3 Prospective purchasers should not rely on an EOI, allocation notification, marketing material or verbal representation as confirmation that a sale has been agreed. 9.4 No binding contract for sale exists unless and until the relevant contract has been properly executed and exchanged. 10. NO GUARANTEE OF ALLOCATION 10.1 Submission of an EOI does not guarantee allocation of the prospective purchaser’s preferred lot. 10.2 The Developer is not required to select: (a) the first EOI received; (b) the earliest EOI received; (c) any particular EOI; (d) an investor over an owner-occupier; or (e) an owner-occupier over another owner-occupier. 10.3 The Developer may consider competing EOIs in accordance with these Terms and Conditions and the objectives of the EOI process. 11. CHANGES TO LOT AVAILABILITY AND INFORMATION 11.1 Lot availability, pricing, lot information, release information, development information, timing and other project information may be subject to change. 11.2 While the Developer and Scape Realty will endeavour to ensure information provided to prospective purchasers is accurate and current, prospective purchasers should independently verify information relevant to their proposed purchase. 11.3 Any plans, images, landscaping, specifications, dimensions, finishes, facilities, amenities, staging information and other representations are subject to change unless expressly stated otherwise in the relevant contract for sale or other legally binding document. 11.4 The Developer reserves the right to amend the timing or structure of the EOI process where reasonably required, subject to applicable law. 12. PUBLIC RELEASE 12.1 The Pinny Beach project website and broader marketing campaign are expected to commence from Monday 21 September 2026. 12.2 During the priority EOI allocation period, live availability of Stage 1 lots may not be displayed to the general public while priority allocations are being finalised.

12.3 Remaining Stage 1 lots may be released to the general public following confirmation of priority allocations on Wednesday 7 October 2026, subject to availability. 12.4 Registration of interest after the EOI Closing Time does not provide priority over prospective purchasers who participated in the EOI process. 13. PROSPECTIVE PURCHASER INFORMATION 13.1 A prospective purchaser must ensure that information provided in an EOI or otherwise provided to Scape Realty or the Developer is accurate, complete and not misleading. 13.2 The Developer may take information provided by a prospective purchaser into account when assessing competing EOIs. 13.3 The Developer may request clarification of information provided as part of the EOI process. 13.4 The Developer is not required to independently verify every statement made by a prospective purchaser. 14. PRIVACY AND PERSONAL INFORMATION 14.1 Personal information provided through the EOI process will be collected and handled by Scape Realty in accordance with applicable privacy laws and the Scape Realty Privacy Policy, available at https://www.scapeproperties.au/privacy-policy. 14.2 By submitting an EOI, the prospective purchaser acknowledges and agrees that their personal information may be collected, used and disclosed for purposes associated with: (a) administering the EOI process; (b) assessing and selecting prospective purchasers for Stage 1 lot allocations; (c) communicating with the prospective purchaser about the EOI and proposed sale; (d) facilitating the proposed sale and any subsequent contract for sale; (e) complying with legal and regulatory obligations; and (f) other purposes described in the Scape Realty Privacy Policy. 14.3 For the purposes of administering the EOI process, Scape Realty may disclose relevant personal information provided by prospective purchasers to Scape Properties and/or the relevant Pinny Beach entities as the Developer and vendor. 14.4 Personal information will otherwise be handled in accordance with the applicable Privacy Policy, including provisions concerning access, correction, security, storage, disclosure and direct marketing. 14.5 By submitting an EOI, the prospective purchaser acknowledges that they have had the opportunity to review the Scape Realty Privacy Policy at https://www.scapeproperties.au/privacy-policy. 15. DIRECT MARKETING 15.1 By submitting an EOI, prospective purchasers may receive communications relating to Pinny Beach, the EOI process, lot availability, the proposed sale and other property-related information.

15.2 Where direct marketing communications are sent, prospective purchasers may opt out in accordance with applicable privacy laws and the Scape Realty Privacy Policy. 15.3 Opting out of general marketing communications will not prevent Scape Realty or the Developer from communicating with a prospective purchaser where the communication is reasonably required to administer an EOI, proposed allocation, sale or other transaction. 16. NO RELIANCE ON EOI 16.1 An EOI is an expression of interest only. 16.2 Prospective purchasers should not incur costs, make financial commitments or take other action in reliance on an EOI being accepted or a lot being allocated. 16.3 Prospective purchasers should obtain independent legal and financial advice before entering into a contract for sale. 17. NO REPRESENTATION OF AVAILABILITY 17.1 The submission of an EOI does not mean that the nominated lot will remain available throughout the EOI process. 17.2 A lot may become unavailable due to circumstances including a prior commitment, withdrawal from the release, changes to the development or other circumstances affecting the Developer’s ability or decision to sell the lot. 18. ASSIGNMENT 18.1 An EOI is personal to the prospective purchaser who submitted it and may not be transferred or assigned to another person without the Developer’s written approval. 19. JOINT PURCHASERS 19.1 Where a proposed purchase is intended to be made by more than one person, all intended purchasers should be identified in the EOI where requested. 19.2 The Developer may require all intended purchasers to participate in the sales and contracting process. 20. ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING 20.1 The Developer and/or Scape Realty may be required to undertake customer identification, verification and other due diligence in accordance with applicable anti-money laundering and counterterrorism financing laws and regulations. 20.2 As part of the sales process, a prospective purchaser may be required to provide identification, verification, source of funds or other information reasonably required to satisfy applicable legal or regulatory requirements. 20.3 The Developer and/or Scape Realty may not proceed with the proposed sale, issue a sales advice or progress the preparation, execution or exchange of a contract for sale until any required customer due diligence has been completed to the satisfaction of the Developer and/or Scape Realty. 20.4 A prospective purchaser’s failure to provide information or complete any required due diligence may result in the proposed sale or allocation not proceeding.

21. ACCEPTANCE OF THESE TERMS 21.1 By submitting an EOI, the prospective purchaser acknowledges that they have read and understood these Terms and Conditions. 21.2 Submission of an EOI constitutes acknowledgement that: (a) the EOI is not a contract for sale; (b) the EOI does not guarantee allocation of a lot; (c) lots are offered at predetermined fixed prices; (d) the EOI process is not a bidding or tender process; (e) the Developer may give preference to owner-occupiers where competing EOIs are received for the same lot; (f) successful EOI applicants are expected to proceed to exchange within 14 days of receipt of the contract for sale, including payment of the required 5% deposit, subject to these Terms and Conditions; and (g) the final sale remains subject to a separate contract for sale. 22. DEVELOPER’S DISCRETION 22.1 Subject to applicable laws and regulations, the Developer reserves the right to administer the EOI process in accordance with these Terms and Conditions and to exercise its commercial discretion when assessing competing EOIs. 22.2 Nothing in these Terms and Conditions requires the Developer to sell a particular lot to any particular prospective purchaser. 22.3 Nothing in these Terms and Conditions limits any rights or obligations that cannot lawfully be excluded or limited. 23. COMPLIANCE WITH LAW 23.1 Nothing in these Terms and Conditions is intended to exclude, restrict or modify any right, remedy, guarantee, warranty or obligation that cannot lawfully be excluded, restricted or modified under applicable law. 23.2 The EOI process will be conducted subject to applicable NSW legislation and regulations. 24. GOVERNING LAW 24.1 These Terms and Conditions are governed by the laws of New South Wales, Australia. 24.2 The parties submit to the jurisdiction of the courts of New South Wales. 25. FURTHER INFORMATION For further information regarding the EOI process, prospective purchasers should contact the Pinny Beach sales team.

Scape Realty Pty Ltd Acting on behalf of the relevant Pinny Beach entities, trading as Scape Properties Developer and vendor of Pinny Beach IMPORTANT: An EOI is not a contract for sale and does not guarantee allocation of a particular lot. Successful EOI applicants are expected to proceed to exchange of contracts within 14 days of receipt of the contract for sale, including payment of the required 5% deposit, subject to the terms of the EOI process and the contract for sale. A binding sale only occurs following execution and exchange of a contract for sale.