EDA Cloud UK Ltd, a subsidiary of EDA Group Holdings (stock code 02505), has entered into a 10-year lease with Faroe Investments Wolverhampton S.à r.l. for the Citadel Logistics Centre on Black Country Route, Wednesbury, West Midlands. The agreement was executed on 4 August 2026.

Key terms • Term: 22 July 2026 – 22 July 2036 (10 years). • Property: 324,366 sq ft logistics facility, outlined in Land Registry titles WM895726 and WM902826. • Initial rent: £1.38 million per annum (£4.25 per sq ft) from commencement until 22 March 2028. • Stepped rent: From 23 March 2028, rent doubles to £2.76 million per annum (£8.50 per sq ft). • Rent concession: 50 % reduction for 10 months starting 23 July 2031. • Rent review: Every anniversary of the term start, with annual adjustment to the higher of (i) CPI-linked formula (floor 2 %, cap 4 %) and (ii) open-market value. • Security of tenure: Contracted-out of the Landlord & Tenant Act 1954; no automatic renewal rights.

Financial obligations EDA Cloud will pay: 1. Base rent and VAT quarterly in advance. 2. Insurance rent covering buildings, loss of rent (three-year risk period) and public liability. 3. All utilities, rates, taxes and a proportionate share of any common-facility costs. 4. Interest at 4 % above Lloyds Bank base rate on late payments.

Property and operational covenants • Permitted use: B1(c), B2 and B8 industrial, light industrial and warehousing. • Repair: Full repairing obligations, benchmarked against an agreed photographic schedule of condition. • Alterations: Internal non-structural works allowed; structural or mezzanine works require landlord consent and must not lower the EPC rating. • Dealings: Assignment of the whole requires landlord approval; subletting limited to a maximum of two self-contained parts. • Environmental clauses: Data-sharing, waste-management, and cooperation on landlord-led sustainability upgrades inserted.

Insurance and risk The landlord insures the premises for reinstatement, rent loss (three years) and public liability; the tenant reimburses premiums and excesses. Rent abatement applies during reinstatement following insured damage; either party may terminate if reinstatement is incomplete six months before the end of the three-year rent-loss period.

Strategic significance The lease secures long-term access for EDA Cloud to a modern logistics hub within the West Midlands, locking in space at a blended rent that escalates from £4.25 to £8.50 per sq ft within 20 months, with future uplifts linked to CPI or market evidence. The covenant structure restricts sub-divisional activity and maintains landlord control, while sustainability provisions align with increasingly stringent ESG requirements.