Manulife US REIT-Sustainability Report 2020

Diversity and Equal Opportunity At MUST, we value diversity within our workforce. We believe that a diverse talent pool provides access to a wide range of different skillsets essential for MUST to stay at the forefront of its industry. To ensure fair and equal treatment to all employees, equal employment opportunities are • Providing programmes to educate employees on bias and discrimination • Conducting regular listening forums to build a greater understanding of inclusion and connection within our global team • Focusing on allyship training and inclusivity in management for leaders • Increasing representation of Black, Indigenous and People of Color (BIPOC) professionals • Focusing recruitment efforts and forging partnerships with educational programmes to hire more BIPOC youth • Providing development programmes and diversifying hiring for mid-career BIPOC leaders • Donating to relevant organisations with a focus on education and racial equality • Encouraging volunteerism in financial education and career mentorship offered to individuals regardless of their age, gender or ethnicity. Employee remuneration packages are based solely on employee’s individual performance without bias and are assessed annually. Furthermore, in compliance with our diversity policies, the Manager reports its diversity data to its Board of Directors bi-annually and has clear policies stated in the employee handbook. Aligned with MUST’s commitment to strengthen diversity, equity and inclusion among its workforce, our Sponsor is investing US$3.5 million over the next two years to accelerate Manulife’s diversity, equity and inclusion efforts. These efforts are focused on three key pillars: As at 31 December 2020, the Manager had in total 17 full- time executives and non-executives with a well-balanced mix by age and gender. We are extremely pleased that our continuous efforts in ensuring diversity, even at the executive level have paid off. 50.0% of MUST’s senior executive positions are held by females. Employees by Type (%) ZERO-TOLERANCE POLICY on any form of workplace discrimination Enhanced Training Building Diversity Supporting Communities 2018 2019 2020 64.7 62.5 64.7 35.3 37.5 35.3 Executive Non-executive Employees by Gender (%) 2018 2019 2020 29.4 18.7 29.4 70.6 81.3 70.6 Female Male Employees by Age (%) 11.8 76.4 11.8 12.5 62.5 25.0 17.7 52.9 29.4 2018 2019 2020 29 years and below 30 years to 49 years 50 years and above 84 SUSTAINABILITY REPORT 2020 HUMAN CAPITAL