NEXT PROPERTIES ANNOUNCES PRICING TERMS AND RESULTS OF ITS DEBT EXCHANGE OFFERS, EXTENSION OF THE EXPIRATION DATE OF EXCHANGE OFFERS FOR ITS 7.700% SENIOR SUSTAINABILITY-LINKED NOTES DUE 2032 AND 7.375% SENIOR GREEN NOTES DUE 2034 WITH INCREASED CONSIDERATION PRICING TERMS AND EXPIRATION AND ACCEPTANCE OF EXCHANGE OFFERS FOR ITS 6.950% SENIOR NOTES DUE 2044 AND 6.390% SENIOR NOTES DUE 2050

NEXT Properties (Trust 2401), a trust formed under the laws of the United Mexican States (the "Trust" or "NEXT Properties"), today announced (i) the pricing terms of its four separate private offers to exchange (collectively, the "Exchange Offers") any and all of its outstanding series of notes listed in the tables below (collectively, the "Old Notes") for newly issued 6.793% Senior Sustainability-Linked Notes due 2036 (the "New 2036 Notes") or 7.731% Senior Sustainability-Linked Notes due 2056 (the "New 2056 Notes" and, together with the New 2036 Notes, the "New Notes"), as applicable, (ii) the results of the Exchange Offers as of 5:00 p.m., New York City time, on October 15, 2026, (iii) the amendment of the Exchange Offers relating to the Pool 1 Notes (as defined in the Exchange Offer Memorandum (as defined below)) to increase the Total Consideration (as defined in the Exchange Offer Memorandum) payable in respect of each series of Pool 1 Notes, and the extension of the Expiration Date with respect to each such Exchange Offers relating to the Pool 1 Notes, and (iv) the expiration of, and the Trust's acceptance of all Old Notes validly tendered in, the Exchange Offers relating to the Pool 2 Notes (as defined in the Exchange Offer Memorandum).The Exchange Offers were initially made upon the terms and subject to the conditions set forth in the Exchange Offer Memorandum dated October 8, 2026 (as supplemented by the press release dated October 13, 2026, and as further supplemented by this press release, the "Exchange Offer Memorandum") and the eligibility certification (the "Eligibility Letter"). Capitalized terms used but not defined herein have the meanings assigned to them in the Exchange Offer Memorandum.Pricing Terms The tables below indicate, among other things, the applicable Exchange Offer Yield and Total Consideration as calculated at 2:00 p.m. (New York City time) on October 15, 2026 (the "Price Determination Date"):Pool 1 Notes CUSIP/ISIN of Old Notes Title of Old Notes to be Tendered Principal Amount Outstanding Reference U.S. Treasury Security Yield ofReferenceU.S.TreasurySecurity Bloomberg Reference Screen Fixed Spread (basis points)(1) Exchange Offer Yield Total Consideration 144A: 89834MAB2 / US89834MAB28 Reg. S: P9402MAB5 / USP9402MAB56 7.700% Senior Sustainability-Linked Notes due 2032 (the "2032 Notes") US$ 409,781,000.00 5.000% UST due September 30, 2031 4.904 % FIT1 +145 6.354 % $1,057.73 144A: 89834MAC0 / US89834MAC01 Reg S: P9402MAC3 / USP9402MAC30 7.375% Senior Green Notes due 2034 (the "2034 Notes") US$ 299,900,000.00 4.625% UST due August 15, 2036 5.093 % FIT1 +140 6.493 % $1,049.30 (1) The Total Consideration payable per each US$1,000 principal amount of Old Notes validly tendered for exchange is payable in a specified principal amount of New Notes and is based on the fixed spread specified in the table above (the "Fixed Spread") for the applicable series, plus the yield of the specified Reference U.S. Treasury Security for that series as quoted on the applicable Bloomberg Reference Screen listed in the table above as of 2:00 p.m. (New York City time) on October 15, 2026.Pool 2 Notes CUSIP/ISIN of Old Notes Title of Old Notes to be Tendered Principal Amount Outstanding Reference U.S. Treasury Security Yield ofReferenceU.S.TreasurySecurity Bloomberg Reference Screen Fixed Spread (basis points)(1) Exchange Offer Yield Total Consideration 144A: 89834MAD8 / US89834MAD83 Reg S: P9402MAD1 / USP9402MAD13 6.950% Senior Notes due 2044 (the "2044 Notes") US$ 350,000,000.00 5.125% UST due August 15, 2046 5.480 % FIT1 +200 7.480 % $948.91 144A: 89834MAE6 / US89834MAE66 Reg S: P9402MAE9 / USP9402MAE95 6.390% Senior Notes due 2050 (the "2050 Notes") US$ 437,500,000.00 5.000% UST due May 15, 2056 5.431 % FIT1 +220 7.631 % $865.76 (1) The Total Consideration payable per each US$1,000 principal amount of Old Notes validly tendered for exchange is payable in a specified principal amount of New Notes and is based on the Fixed Spread specified above for the applicable series, plus the yield of the specified Reference U.S. Treasury Security for that series as quoted on the applicable Bloomberg Reference Screen listed in the table above as of the Price Determination Date.The table below indicates the interest rate per annum (the "New Notes Coupon") for each series of New Notes to be issued by NEXT Properties pursuant to the Exchange Offers, as calculated on the Price Determination Date, in accordance with the Exchange Offer Memorandum. Title of Series of New Notes Maturity Date Reference U.S. Treasury Security Reference Yield of Reference U.S. Treasury Security Spread to BenchmarkSecurity (bps) New Notes Coupon Senior Sustainability-Linked Notes due 2036 October 22, 2036(1) 4.625% UST due August 15, 2036 5.093 % +170 6.793 % Senior Sustainability-Linked Notes due 2056 October 20, 2056 5.000% UST due May 15, 2056 5.431 % +230 7.731 % (1) Revised maturity date. See "Extension of the Expiration Date of the Pool 1 Exchange Offers; Increase in Total Consideration of the Pool 1 Exchange Offers" below.Results of the Exchange OffersAs of 5:00 p.m., New York City time, on October 15, 2026 (the "Pool 2 Expiration Date"), according to information provided by Global Bondholder Services Corporation, the Exchange and Information Agent for the Exchange Offers, the aggregate principal amounts of Old Notes set forth in the tables below had been validly tendered for exchange and not validly withdrawn pursuant to the Exchange Offers:Pool 1 Notes Title of Series of Old Notes Principal Amount Outstanding Principal Amount Tendered % Tendered 7.700% Senior Sustainability-Linked Notes due 2032 US$ 409,781,000 US$ 173,104,000 42.24 % 7.375% Senior Green Notes due 2034 US$ 299,900,000 US$ 222,131,000 74.07 % Total Pool 1 Notes US$ 709,681,000 US$ 395,235,000 55.69 % Pool 2 Notes Title of Series of Old Notes Principal Amount Outstanding Principal Amount Tendered and Accepted for Exchange % Tendered New Notes Consideration 6.950% Senior Notes due 2044 US$ 350,000,000 US$ 241,620,000 69.03 % US$ 229,275,591 6.390% Senior Notes due 2050 US$ 437,500,000 US$ 311,085,000 71.11 % US$ 269,324,878 Total Pool 2 Notes US$ 787,500,000 US$ 552,705,000 70.18 % US$498,600,469 Extension of the Expiration Date of the Pool 1 Exchange Offers; Increase in Total Consideration of the Pool 1 Exchange Offers CUSIP/ISIN of Old Notes Title of Old Notes to be Tendered Principal Amount Outstanding Total Consideration(2) Revised Total Consideration(3) 144A: 89834MAB2 / US89834MAB28 Reg. S: P9402MAB5 / USP9402MAB56 7.700% Senior Sustainability-Linked Notes due 2032- US$ 409,781,000.00 $1,057.73 $1,077.73 144A: 89834MAC0 / US89834MAC01 Reg S: P9402MAC3 / USP9402MAC30 7.375% Senior Green Notes due 2034 US$ 299,900,000.00 $1,049.30 $1,059.30 (1) Calculated on the Price Determination Date and set forth under "Pricing Terms" above.(2) The original Total Consideration payable per each US$1,000 principal amount of Old Notes validly tendered for exchange in the Exchange Offers for the Pool 1 Notes.(3) The revised Total Consideration payable per each US$1,000 principal amount of Old Notes validly tendered for exchange in the Exchange Offers for the Pool 1 Notes.The Trust also announced today that it has amended the Exchange Offers with respect to the Pool 1 Notes to (i) increase the Total Consideration payable in respect of each series of Pool 1 Notes, as set forth in the table above (the "Revised Total Consideration"), and (ii) extend the Expiration Date with respect to each Exchange Offer relating to the Pool 1 Notes from 5:00 p.m., New York City time, on October 15, 2026, to 5:00 p.m., New York City time, on October 20, 2026, unless further extended or earlier terminated by the Trust with respect to any such Exchange Offer (such date and time with respect to an Exchange Offer relating to the Pool 1 Notes, as the same may be further extended with respect to such Exchange Offer, the "Pool 1 Expiration Date"), in order to provide Eligible Holders with additional time to consider and participate in the Exchange Offers relating to the Pool 1 Notes at the increased Total Consideration.Eligible Holders whose Pool 1 Notes are validly tendered (and not validly withdrawn) at or prior to the Pool 1 Expiration Date and accepted for exchange by the Trust will receive the applicable Revised Total Consideration set forth in the table above, including Eligible Holders that tendered Pool 1 Notes prior to the date of this press release. The New Notes Coupon for the New 2036 Notes will remain 6.793% notwithstanding the extension of the Exchange Offers relating to the Pool 1 Notes and the increase in the Total Consideration payable in respect of the Pool 1 Notes. The Revised Total Consideration is a fixed amount and will not be recalculated notwithstanding the extension of the Pool 1 Expiration Date. The New 2036 Notes will mature on October 22, 2036 and will bear interest from and including the Pool 1 Settlement Date (as defined below). Consequently, the Withdrawal Deadline with respect to the Pool 1 Notes has been extended to 5:00 p.m., New York City time, on October 20, 2026, unless further extended by the Trust with respect to any such Exchange Offer (such date and time with respect to an Exchange Offer relating to the Pool 1 Notes, as the same may be further extended with respect to such Exchange Offer, the "Pool 1 Withdrawal Deadline").As of the date hereof, no Pool 1 Notes have been accepted for exchange by the Trust.In connection with the new settlement date for the New 2036 Notes expected to be October 22, 2026 (as further described under "Settlement" below) and the new maturity date on October 22, 2036, the interest payment dates for the New 2036 Notes are also adjusted to April 22 and October 22 of each year, commencing on April 22, 2027, and the Interest Rate Step-Up Date of the New 2036 Notes is adjusted to October 22, 2032.Except as described in this press release, all other terms and conditions of the Exchange Offers relating to the Pool 1 Notes remain unchanged. Consummation of each Exchange Offer relating to the Pool 1 Notes remains subject to the satisfaction or waiver of the conditions described in the Exchange Offer Memorandum (see the "Conditions to the Exchange Offers" section in the Exchange Offer Memorandum), including the applicable Minimum Issuance Condition. The Trust may, in its sole discretion, (i) further extend, amend, terminate or withdraw any Exchange Offer relating to the Pool 1 Notes and (ii) further increase or otherwise modify the Total Consideration payable in respect of any series of Pool 1 Notes. In addition, the Trust reserves the right to terminate or withdraw any Exchange Offer relating to the Pool 1 Notes at any time and for any reason before any Pool 1 Notes are accepted for exchange, including if any of the conditions described under "Conditions to the Exchange Offers" in the Exchange Offer Memorandum are not satisfied. There can be no assurance that the Trust will further increase the Total Consideration payable in respect of any series of Pool 1 Notes or further extend the Pool 1 Expiration Date or Pool 1 Withdrawal Deadline.Expiration and Acceptance of the Pool 2 NotesAll the terms and conditions of the Exchange Offers relating to the Pool 2 Notes remain unchanged. The Exchange Offers with respect to the Pool 2 Notes expired at 5:00 p.m., New York City time, on October 15, 2026, and have not been extended. The Trust has accepted for exchange all Pool 2 Notes validly tendered (and not validly withdrawn) at or prior to the Pool 2 Expiration Date, consisting of US$241,620,000 aggregate principal amount of the 2044 Notes and US$311,085,000 aggregate principal amount of the 2050 Notes, representing US$552,705,000 principal amount of Pool 2 Notes in the aggregate, and will issue US$498,600,469 aggregate principal amount of New 2056 Notes in exchange therefor. All conditions to the Exchange Offers relating to the Pool 2 Notes, including the applicable Minimum Issuance Condition, have been satisfied or waived.The Withdrawal Deadline with respect to the Pool 2 Notes expired at 5:00 p.m., New York City time, on October 15, 2026, and Pool 2 Notes validly tendered pursuant to the Exchange Offers may no longer be withdrawn, unless otherwise required by applicable law.The Trust further intends to commence, on or about Monday, October 19, 2026, a new offer to exchange any and all of the Pool 2 Notes that were not tendered for exchange in the Exchange Offers and that will remain outstanding following the consummation of the Exchange Offers for the Pool 2 Notes for New 2056 Notes on the same terms as the Exchange Offers relating to the Pool 2 Notes that expired on October 15, 2026, subject to market and other conditions. Any such offering would be made only to holders eligible to participate under the eligibility and transfer restrictions applicable to the Exchange Offers. It is expected that such new offer for such outstanding Pool 2 Notes will be settled on or around October 27, 2026, unless extended. There can be no assurance as to whether or when any such offering will be announced, commenced or completed, or as to the terms of any such offering. This press release does not constitute an offer to exchange, sell, or the solicitation of an offer to buy, any securities in any such offering, and nothing herein shall constitute an amendment or supplement to the terms of any such offering.SettlementIn addition to the Total Consideration or Revised Total Consideration, as applicable, Eligible Holders whose Old Notes are validly tendered (and not validly withdrawn) and accepted by the Trust for exchange pursuant to the Exchange Offers will also receive the applicable accrued and unpaid interest (rounded to the nearest cent US$0.01) from and including the last interest payment date of the applicable series of Old Notes to, but not including, the applicable Settlement Date (such payment, the "Accrued Interest Payment"). The New Notes will be issued, and the Accrued Interest Payment will be paid in cash, on the applicable Settlement Date.With respect to the Pool 2 Notes, the Settlement Date is expected to be October 20, 2026, the third business day after the Pool 2 Expiration Date, and the Accrued Interest Payment will be US$15.44 per US$1,000 principal amount of 2044 Notes and US$16.86 per US$1,000 principal amount of 2050 Notes.With respect to the Pool 1 Notes, the Settlement Date is expected to occur promptly following the Pool 1 Expiration Date and is expected to be October 22, 2026, the second business day after the Pool 1 Expiration Date, unless the Pool 1 Expiration Date is further extended with respect to any Exchange Offer relating to the Pool 1 Notes (the "Pool 1 Settlement Date"), and the Accrued Interest Payment is expected to be US$19.04 per US$1,000 principal amount of 2032 Notes and US$14.14 per US$1,000 principal amount of 2034 Notes.Additional InformationThe Exchange Offers are being made only (a) to holders of Old Notes who are "qualified institutional buyers" (as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act")) and (b) outside the United States to holders of Old Notes who are persons other than U.S. persons, who are not acquiring New Notes for the account or benefit of a U.S. person, in offshore transactions in compliance with Regulation S under the Securities Act, and who are a "non-U.S. qualified offeree" (as defined in the Exchange Offer Memorandum). The holders of Old Notes who have certified to the Trust that are eligible to participate in the Exchange Offer pursuant to at least one of the foregoing conditions are referred to as Eligible Holders (as defined below). Only Eligible Holders are authorized to receive or review the Exchange Offer Memorandum or to participate in the Exchange Offers. Old Notes may be tendered only in principal amounts equal to minimum denominations of US$200,000 and integral multiples of US$1,000 in excess thereof.The Trust has retained Citigroup Global Markets Inc. ("Citigroup") to act as Dealer Manager for the Exchange Offers. Holders with questions about the Exchange Offers can contact Citigroup at +1 (800) 558-3745 (toll free) or +1 (212) 723-6106 (collect). Global Bondholder Services Corporation is acting as the Exchange and Information Agent for the Exchange Offers. Questions or requests for assistance related to the Exchange Offers, including for assistance in completing an eligibility letter, or for additional copies of the Exchange Offer Memorandum, may be directed to Global Bondholder Services Corporation at +1 (855) 654-2014 (toll free) or +1 (212) 430-3774 (collect), or by email at [email protected]. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Exchange Offers.Only holders who have duly completed and returned an eligibility letter (which can be accessed at the following link: https://gbsc-usa.com/eligibility/next) certifying that they are either (1) "qualified institutional buyers" as defined in the Securities Act or (2) non-"U.S. persons" and who are "non-U.S. qualified offerees" (as defined in the Eligibility Letter) are authorized to receive the Exchange Offer Memorandum and participate in the Exchange Offers (each such holder, an "Eligible Holder").This release is neither an offer to purchase nor a solicitation of an offer to sell or buy any securities in any transaction. The Exchange Offers are being made pursuant to the Exchange Offer Memorandum, which sets forth the complete terms and conditions of the Exchange Offers. Holders are urged to read the Exchange Offer Memorandum carefully before making any decision with respect to the Exchange Offers. The Exchange Offers are not being made to, nor will the Trust accept tenders of the Old Notes from, holders in any jurisdiction in which the Exchange Offers would not be in compliance with the securities or blue sky laws of such jurisdiction. None of the Trust, the Dealer Manager, the Exchange and Information Agent or the trustees for the Old Notes and the New Notes, or any of their respective affiliates, makes any recommendation in connection with the Exchange Offers.The New Notes will not be registered under the Securities Act or any state securities laws. Accordingly, the New Notes will be subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the Securities Act and other applicable securities laws, pursuant to an exemption from registration.The Exchange Offers are not being made to any retail investors in any Member State of the EEA or in the UK and, in the EEA and the UK, the Exchange Offers are only being made to, and may only be accepted by or on behalf of, qualified investors. EEA and UK retail investors will not be given the opportunity to state their views on the Exchange Offers. As a result, no "offer" of new securities is being made to retail investors in the EEA or the UK.Neither the Exchange Offers nor the New Notes have been, nor will be, registered with the Mexican National Securities Registry (Registro Nacional de Valores) maintained by the CNBV, and may not be offered or sold publicly, or otherwise be subject to brokerage activities, in Mexico, except pursuant to a private placement exemption set forth under Article 8 of the Mexican Securities Market Law (Ley del Mercado de Valores), to institutional or qualified investors domiciled in Mexico as required under the Mexican Securities Market Law (Ley del Mercado de Valores). Notice to be given to the CNBV for informational purposes only and receipt thereof by, will not constitute or imply a certification as to the investment quality of the New Notes, our solvency, liquidity or credit quality or the accuracy or completeness or the information contained in this Exchange Offer Memorandum and does not ratify or validate any actions or omissions, if any, in contravention of applicable law. The Exchange Offer Memorandum is solely the Trust's responsibility and has not been reviewed or authorized by the CNBV.Neither the Exchange Offer Memorandum nor any related documents have been filed with, or have been approved or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Exchange Offer Memorandum or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary.This press release contains forward-looking statements within the meaning of the U.S. federal securities laws and information that are necessarily subject to risks, uncertainties and assumptions, including but not limited to statements related to the Trust's plans, objectives and expectations (financial or otherwise), and typically can be identified by the use of words such as "will," "may," "assume," "might," "should," "could," "continue," "would," "can," "consider," "anticipate," "estimate," "expect," "envision," "plan," "believe," "foresee," "predict," "potential," "target," "strategy," "intend," "aimed" and similar terms. Although the Trust believes that its expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially from results anticipated by forward-looking statements due to various factors. Factors that could cause actual results to differ materially from those contemplated above include, among others: the Trust's business and investment strategy and its ability to execute such strategy; economic trends in the industries or the markets in which its customers operate; the competitive environment in which the Trust operates; the Trust's ability to maintain or increase lease rates and occupancy rates; the performance and economic condition of its tenants; the Trust's ability to collect lease revenues from its tenants; the Trust's ability to successfully engage in strategic acquisitions and development of properties; the Trust's ability to obtain financing on favorable terms, or at all; general market, economic and political conditions, particularly in Mexico; the effect of changes in accounting principles, new legislation, intervention by regulatory authorities, legislative or government provisions and government directives or monetary or fiscal policy in Mexico and the United States; natural disasters or other environmental conditions that may affect the Trust's properties; obstacles to commerce, including tariffs or import taxes and changes to existing commercial policies, including the United States-Mexico-Canada Agreement; ongoing global conflicts and the destabilizing effects or expansion of such conflicts; and the other risks and uncertainties described under "Risk Factors" in the Exchange Offer Memorandum.You should not place undue reliance on forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. The Trust does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events that occur after the date on which the forward-looking statement is made, or otherwise, except as required by applicable law.No assurance can be given that the transactions described herein will be consummated or as to the final terms of any such transactions. For enquiries or further information please contact:2401 Next Management, S.C. (as administrator of Banco Actinver, S.A., Institución de Banca Múltiple, Grupo Financiero Actinver, as trustee of trust number 2401 (NEXT Properties))Av. Antonio Dovali Jaime 70 Torre A Piso 11Col. Zedec Santa FeCiudad de México, C.P. 01210Tel: +52 (55) 9020 1936 / +52 (55) 9020 1938Email: [email protected], [email protected], [email protected]Attention: Carlos Pantoja, Raúl Alfredo Gallegos Navarro and Alexander OechlerSOURCE NEXT Properties (Trust 2401)

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