ERRATUM TO THE PRESS RELEASE PUBLISHED ON MARCH 8th, 2024

Erratum: Within the section (y) describing the provisions the tender offer statement shall include, an adjustment was made to clarify the period of time that the tender offer’s expiration date can be extended if another public tender is launched while the existing offer still stands. It was specified that the offer will remain open for at least 10 business days after such events. 

Mexico City, March 8^th, 2024 – Terrafina (”TERRA”) (BMV: TERRA13), a leading Mexican industrial real estate investment trust (“FIBRA”), externally advised by PGIM Real Estate and dedicated to the acquisition, development, lease and management of industrial real estate properties in Mexico, announced today that, during a meeting held yesterday, March 7^th, 2024, its Technical Committee, after having received from six different parties (including Fibra Prologis, each, a “Potential Offeror”)an unsolicited request for authorization pursuant to clause 3.7 of its Trust Agreement to acquire, if they so decide, more than 10% of the outstanding certificates (“CBFIs”) of Terrafina through a public tender offer for up to 100% of such CBFIs, and after deliberation and consultation with Terrafina’s advisors, it resolved that:

To protect the interest of all CBFI holders of Terrafina and to provide them with the opportunity to receive, analyze and consider all expressions of interest received by the Technical Committee, resolved to authorize (subject to any other governmental or other authorizations or consents that may be required) the request from all Potential Offerors, pursuant to clause 3.7 of the Terrafina Trust Agreement, so that each of them may, if they so decide, acquire more than 10% of the outstanding CBFIs, either directly or indirectly through one or more affiliates, subject to the satisfaction of the same terms and conditions, which are summarized below:

• The acquisition must be made through a public tender in Mexico, launched no later than four calendar months after the date of the Technical Committee’s resolution, for no less than 100% of the outstanding CBFIs, and such public tender may only be consummated if the Potential Offeror acquires no less than the majority of all outstanding CBFIs;

• The offered price (either in cash or in kind, or any combination thereof) must be the same for all certificate holders;

• No premium or surcharge in addition to the offering price shall be paid, neither directly or indirectly, to any certificate holder; and

• The tender offer statement (folleto informativo) shall include the following provisions:

• • if during the term of the public tender, either (a) another public tender in Mexico for the acquisition of the CBFIs is launched, or (b) any other party is authorized by the Technical Committee to launch such a public tender for not less than 100% of the outstanding CBFIs, then (y) the expiration date of the tender shall be extended, as it may be necessary, so that it remains open for at least 10 business days after such events; and (z) any certificate holder that has already tender its CBFIs shall have the right to withdraw, in whole or in part, such tendered CBFIs; and,

• • the Potential Offeror’s general plans for Terrafina after consummation of its Tender Offer, including any plans to de-list the issuer in which case, it must assume the obligation to do so in compliance with all statutory and regulatory provisions applicable to the de-listing of a Mexican Sociedad Anónima Bursátil, including launching a de-listing tender offer and the constitution of a de-listing trust (fideicomiso), with a minimum term of six months after the de-listing, which may acquire the CBFIs not purchased during the offering.

The Technical Committee further resolved to authorize the management Subsidiary to continue working diligently, as it has done so far, with all Potential Offerors in conducting confirmatory due diligence and preparing the requests before governmental authorities, as necessary.

Finally, the Technical Committee instructed the Subsidiary to call, when it deems appropriate, an informational holder’s meeting in order to make available to the holders all existing information regarding the various strategic alternatives that the Technical Committee has analyzed, including information then made available by each of the Potential Offerors and information regarding the recently announced potential internalization of Terrafina’s management, among others.

Terrafina (BMV:TERRA13) is a Mexican real estate investment trust formed primarily to acquire, develop, lease and manage industrial real estate properties in Mexico. Terrafina’s portfolio consists of attractive, strategically located warehouses and other light manufacturing properties throughout the Central, Bajio and Northern regions of Mexico. It is internally managed by highly qualified industry specialists and externally advised by PGIM Real Estate.

Terrafina owns 291 real estate properties, including 287 developed industrial facilities with a collective GLA of approximately 42.8 million square feet and four land reserve parcels, designed to preserve the organic growth capability of the portfolio. Terrafina’s objective is to provide attractive risk-adjusted returns for the holders of its certificates through stable distributions and capital appreciations. Terrafina aims to achieve this objective through a successful performance of its industrial real estate and complementary properties, strategic acquisitions, access to a high level of institutional support, and an effective management and corporate governance structure. For more information, please visit www.terrafina.mx/en/

About PGIM Real Estate

With $210 billion in gross assets under management and administration¹, PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum.

PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate’s risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing,² and the local experience of professionals in 35 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.com.

¹ As of December 31, 2023; AUA is $49 billion.

² Includes legacy lending through PGIM’s parent company, PFI.

About PGIM

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with more than $1.4 trillion in assets under management as of December 31, 2023. With offices in 46 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com

Forward Looking Statements

This document may include forward-looking statements that may imply risks and uncertainties. Terms such as “estimate”, “project”, “plan”, “believe”, “expect”, “anticipate”, “intend”, and other similar expressions could be construed as previsions or estimates. Terrafina warns readers that declarations and estimates mentioned in this document or realized by Terrafina’s management imply risks and uncertainties that could change in function of various factors that are out of Terrafina’s control. Future expectations reflect Terrafina’s judgment at the date of this document. Terrafina reserves the right or obligation to update the information contained in this document or derived from this document. Past or present performance does not guarantee future performance.