CyrusOne and BEOS AG Reach Key Milestone in Solidifying Strategic Partnership in FRANKFURT WESTSIDE

CyrusOne, a leading global data center developer and operator, and BEOS AG and Swiss Life Asset Managers, the leading asset manager and project developer of corporate real estate in Germany, today celebrated a significant milestone in their strategic partnership with the official 'handover protocol'.

The handover underscores the interdependence of the parties, with CyrusOne contracted to secure the delivery of power infrastructure to the 73-hectare campus and designing the data centers to be capable of delivering waste heat to the campus. Alongside this, BEOS AG and Swiss Life Asset Managers are committed to build all infrastructure services to the 63,000 square meter plot including campus landscaping, roads, street lighting, mains water, drainage, communications ducting, and waste heat recovery connection points.

This latest milestone follows the Partners announcement in September 2023 confirming that CyrusOne had been selected to deliver a cutting-edge 81MW data center scheme that prioritizes sustainability within the commercial and industrial mixed-use regeneration development, FRANKFURT WESTSIDE, managed by BEOS AG and Swiss Life Asset Managers.

"We have a shared interest in building the most sustainable and community-focused developments," said Carsten Schneider, MD Germany at CyrusOne. "The level of trust with BEOS and Swiss Life has formed over several years, during which each company demonstrated that it had extensive experience, knowledge of the local environment, a strong existing network and great sustainability and community focused ambition and motivation. Today marks a significant step in our common vision becoming a reality."

"Our shared ambitions and motivations with CyrusOne regarding ESG made this partnership a natural fit from the outset," Mathias Strauch, Senior Project Manager. "Today is an exciting step in further cementing our long-term strategic partnership, enabling a new era of sustainability in the German data center market. This is only the beginning."

With sustainability at the heart of the FRANKFURT WESTSIDE project, the campus has already been pre-assessed for DGNB Platinum and CyrusOne's highly efficient data centers has been designed to achieve a BREEAM 'Very Good' certification as a minimum. Additional best practices that will be implemented include:

Heat Re-Use

Provision of re-used waste heat by CyrusOne's FRA7 data centers is a key aspect of FRANKFURT WESTSIDE, with the data centers capable of deploying a potential 40MW of innovative waste heat re-use methods within the campus heating network when at full capacity. The process is designed to see heat from the servers in the data halls absorbed into a water system that will be connected via heat exchangers to pipe network infrastructure, built and enabled by BEOS, that will in turn connect to the buildings on the development. Depending on the heat requirement, the temperature of the water will be increased via a heat pump within each building. This will enable the local community of users, industrial tenants and employees to benefit from a "waste" product, thus reducing the carbon footprint.

Power

CyrusOne has contracted to secure significant power provision in a very competitive market for the entire development, with 150MVA utility power supply at 110kV. It also intends to invest in extensive construction measures to create a new redundant high-voltage grid connection and a dedicated substation serving the data centers.

This unique arrangement is designed to bring greater levels of efficiency in electrical distribution so that each building in the development is able to maximize the use of renewable-sourced energy and to align with the anticipated energy efficiency targets proposed by German legislation. The data centers are also designed to incorporate PV cells on the roof to generate power for the office areas and other ancillary spaces.

Biodiversity & Community

The development as a whole will promote the efficient use of the existing structures, careful use of resources and provide open space designed for biodiversity, leisure, and recreation. CyrusOne's dedicated biodiversity initiatives will also be prioritized, with ecological landscaping to increase biodiversity and provide habitats for wildlife, the provision of 5,500 sqm of open green space, and the planting of over sixty trees. Over 1,800 sqm of the facility walls and roofs will be 'green', not only creating an aesthetically pleasing outlook for the local community but also improving air quality by filtering pollutants, reducing noise, supporting thermoregulation, and increasing the buildings' energy efficiency.

About CyrusOne

CyrusOne is a leading global data center developer and operator specializing in delivering state-of-the-art digital infrastructure solutions across the globe. With more than 50 high-performance mission-critical facilities worldwide, the Company ensures the continued operation of digital infrastructure for more than 800 customers, including approximately 200 Fortune 1000 companies.

CyrusOne's leading global platform of hybrid-cloud and multi-cloud deployments offers customers colocation, hyperscale, and build-to-suit environments, which help enhance the strategic connections of their essential data infrastructures and support the achievement of sustainability goals. CyrusOne data centers offer world-class flexibility, enabling clients to modernize, simplify, and rapidly respond to changing demands. Combining exceptional financial strength, a broad global footprint, and continued investment in key digital gateway markets, CyrusOne provides the world's largest companies with long-term stability and strategic advantage at scale. For more information, please visit cyrusone.com

About FRANKFURT WESTSIDE

Ever since 1856 the 77-hectare Griesheim Industrial Park had been an established industrial location in a central, well-connected area of Frankfurt directly on the northern banks of the River Main. The foundation for its use to date as a chemical park was laid at that time with the establishment of "Frankfurter Aktiengesellschaft für landwirtschaftlich chemische Fabrikate". Over 160 years later the site is seeing an ongoing radical change: in the meantime it is above all small firms and SMEs from the industrial, trade and service provider sectors which have located here.

In January 2020 a joint project company of BEOS AG and Swiss Life Asset Managers concluded a leasehold agreement for 575,000 square metres with the owner Clariant Produkte (Deutschland) GmbH. The objective is to gradually convert the former site for chemical production into a modern commercial and industrial mixed-use campus. To this end an additional leasehold agreement for one of the two remaining plots of land was concluded in 2022. The two leasehold agreements do not expire until 2118 and together they encompass some 73 hectares, an area which accounts for virtually the entire site and corresponds to about 102 football pitches. In August 2023 two construction plots in the western/north-western section of the campus were sold to the global data center operator, CyrusOne.

Swiss Life Asset Managers

Swiss Life Asset Managers has more than 165 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg, the UK, Italy and the Nordic countries.

As at 30 June 2023 assets under management for third-party clients amount to EUR 114.8 billion. Together with insurance assets for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at EUR 265.8 billion. Swiss Life Asset Managers is a leading real estate manager in Europe1. Of the assets totalling EUR 265.8 billion, EUR 91.7 billion is invested in real estate. In addition, Swiss Life Asset Managers, in cooperation with Livit, manages real estate totalling EUR 21.6 billion in value. Total real estate assets under management and administration at the end of June 2023 thus came to EUR 113.3 billion.

Swiss Life Asset Managers' subsidiary BEOS AG is the leading asset manager and project developer of corporate real estate in Germany. Founded in 1997, with an interdisciplinary team of around 250 people, the company manages a portfolio of mixed-use commercial real estate with around 4.4 million square metres of rental space and over EUR 7.1 billion in assets under management (based on gross fund assets, as at 30 June 2023). BEOS is a service provider under the Swiss Life Asset Managers' umbrella for institutional investors' portfolio properties in all major German cities. With its special funds, it has provided an avenue since 2010 for German institutional investors to enter the fast-growing corporate real estate asset class.

BEOS AG is one of the best employers in the SME and real estate sector: in the 2023 employer ranking published by the journal "Immobilien Zeitung", graduates in real estate voted BEOS among the top three employers in Germany for the sixth consecutive time after 2018, 2019 and 2020, 2021 and 2022. In addition, BEOS received an award in all its entries in the "Top Job" employer competition in 2013, 2015, 2017 and 2019.

Swiss Life Asset Managers employs more than 2200 people in Europe.

Self-determined Life

Swiss Life enables people to lead a self-determined life and look to the future with confidence. Swiss Life Asset Managers pursues the same goal: We think long-term and act responsibly. We use our knowledge and experience to develop future-oriented investment solutions. This is how we support our customers in achieving their long-term investment objectives, which in turn also take account of their client's needs so they can plan their financial future in a self-determined manner.

1 INREV Fund Manager Survey 2023 (AuM as of 31.12.2022)

Forward Looking Statements

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements in this press release include, but are not limited to, statements that refer to future plans and expectations, projections of our future performance or operations, our anticipated growth and trends in our and our customers' respective businesses, industries and geographical markets, and other characterizations of future events or circumstances, such as the development, design, completion, operation and leasing of the FRA7 data center campus at Frankfurt Westside and other sites under development in the European market. These statements are based on current expectations, estimates, forecasts, and projections about the industries and locations in which we and our customers operate and the beliefs and assumptions of our management as of the date of this press release. These statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties. Actual results may vary materially and adversely from those expressed or implied in this press release. These statements are made as of the date of this press release and CyrusOne disclaims any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

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