October 2023 EMEA Data Centre Update

Many data centre operators are either expanding their footprint or are looking to enter these markets owing to their strategic location and availability of infrastructure for data centre operations. DEVELOPING These markets are characterized by relatively small data centre capacities but are considered important from growth perspective in the mid to long term. Zurich, Warsaw, Dubai, Riyadh and Dammam account for less than 5% of the operational capacity in EMEA but are expected to increase their share in the forthcoming years. The Middle Eastern markets of Riyadh, Dubai and Dammam are expected to become more than 5X of its current operational capacity due to an uptake in consumption as this region is going to experience a technology revolution and may become a global hub for AI and innovation. EMERGING This category comprises of Vienna, Istanbul, Marseille, Doha, Prague, Copenhagen, Zaragoza, Jeddah, Barcelona, Lagos, Lisbon, Nairobi, Athens and accounts for only about 5% of the total operational capacity in EMEA. Emerging markets are still in the early phases of development, but many data centre operators are interested in these markets due to ease of doing business, growing consumer demand, suitable land parcels, fibre connectivity, and formation of new cloud regions. NORTHERN VIRGINIA (NoVa), US COMPARISON Placed on the graph as a comparison, NoVa has continued its status as the preeminent North American data centre market despite growing headwinds for land and power availability. Recognized as the global leader in data centre capacity, NoVa’s operational capacity of 2.9GW is 69% higher than London (0.99 GW), the largest market in EMEA. Moreover,

This would suggest a roadmap for EMEA powerhouse markets to continue to grow in scale while keeping steady occupancy going forward. Note, the size of NoVa on our maturity index graph is shown for comparison purposes only. Its position would be much further right and higher if NoVa’s position on the graph was scaled proportionately. SUMMARY The FLAP-D markets in EMEA have seen consistent growth over the past 5-7 years and are anticipated to remain on the same trajectory. However, if we compare these markets to NoVa, they remain much smaller in overall capacity. NoVa market’s pipeline (total under construction, planned and land banked) far exceeds the cumulative capacity of the combined EMEA powerhouse markets. Middle East markets of Dubai, Abu Dhabi, Doha, Riyadh, Jeddah and Dammam are expected to more than triple their current cumulative operational capacity from 311 MW to >1 GW market upon the delivery of all under construction and planned pipeline assets. The EMEA market is poised to experience a substantial data centre growth, driven by an increasing reliance on digital services, cloud computing, and data-heavy applications, resulting in a growing demand for data centre infrastructure. Additionally, the region's strategic location acts as a data traffic nexus between continents, making it an appealing hub for global connectivity. The growth of businesses and industries within the EMEA region, along with the emergence of technologies such as IoT and 5G, is creating a heightened need for data processing and storage capabilities. Moreover, environmental concerns are fostering the adoption of more eco-friendly data centre solutions, in line with the region's emphasis on energy efficiency and reducing carbon emissions. These combined factors contribute to the anticipation of significant data centre growth in the EMEA market. The following pages of this report provide a comprehensive overview of strategic data centre markets across EMEA.

London 2,166MW

Frankfurt 1,877MW

Dublin 1,629MW

Amsterdam 1,310MW

Paris 1,084MW

Northern Virginia 7,625MW

the NoVa market alone is equivalent to 29% of the cumulative operational capacity and 98% of under

construction capacity in EMEA. Despite having extensive operational data centre capacity, NoVa continues to maintain amongst the lowest vacancy rates globally, at 1%.

Powerhouse

IT MW Capacity