<For translation purposes only>
July 15, 2010
For Immediate Release
REIT Issuer
Hankyu REIT, Inc. (Securities Code: 8977)
19-19 Chaya-machi, Kita-ku, Osaka
Mineo Yamakawa, Executive Director
Asset Management Company
Hankyu REIT Asset Management, Inc.
Mineo Yamakawa, President & Representative Director
Contact:
Hideo Natsuaki
General Manager, Corporate Planning Dept.
Email: ir@hankyu-rt.jp

Notice Concerning Planned Change of Representative Director at Asset Management Company
Hankyu REIT, Inc. (hereafter “Hankyu REIT”) hereby notifies that at Hankyu REIT Asset Management, Inc. (hereafter“Hankyu REIT AM”), the asset management company that Hankyu REIT has selected to manage its assets, Mineo
Yamakawa has stated his intention to resign as Representative Director and Director upon the conclusion of theExtraordinary General Meeting of Shareholders that is planned to be held on September 1, 2010. Accordingly, at a Boardof Directors meeting held today at Hankyu REIT AM, resolutions were made to unofficially determine the succeeding
Representative Director and a change of Director. The details of such changes are as follows.
(1) Change of Representative Director (as of September 1, 2010)
Name

New Position

Current Position

Shuichiro Takahashi*President & Representative Director

Advisor

Mineo Yamakawa—President & Representative Director* Career summary is provided on the Attachment.
After being elected as Director at the Extraordinary General Meeting of Shareholders planned to be held on
September 1, 2010, Shuichiro Takahashi is planned to be nominated as a candidate for Representative Director
at the Board of Directors meeting planned to be held on the same day.
Furthermore, Hankyu REIT AM plans to submit, for filing, required documentation to the commissioner of theFSA (Financial Services Agency), the Minister of MLIT (Ministry of Land, Infrastructure, Transport and Tourism)
and the Governor of Osaka Prefectural Government, conforming to regulatory requirements of the Financial
Instruments and Exchange Act, conditions of the Discretionary Transaction Agent License and regulatory
requirements of Building Lots and Buildings Transaction Business Act, respectively.

•The Japanese original document was distributed to press clubs within the Tokyo Stock Exchange (Kabuto Club), Osaka
Securities Exchange, Ministry of Land, Infrastructure and Transport, and to the press club of the construction trade newspaperof the Ministry of Land, Infrastructure and Transport.

•Hankyu REIT website: http://www.hankyu-reit.jp/

Attachment

Position

NameCareer Summary(Date of birth)

President &Shuichiro Takahashi

April 1976

Joined Hankyu Corporation

Representative Director(February 27, 1954)

April 1999

Seconded to Hankyu Saito Co., Ltd.

April 2002

Hankyu Corporation

Managing Director
Dept. Manager, Project Development Dept.
June 2002

Deputy General Manager, Real Estate Business
Headquarters; Dept. Manager, Real Estate
Sales Development Dept.

June 2003

Director; (General Manager, Real Estate
Development, Real Estate Business
Headquarters)

June 2004

Director; (Saito Development Manager, Real

April 2006

Managing Director (General Manager, Distribution

Estate Business Headquarters)
Headquarters; Saito Development Manager, Real
Estate Business Headquarters)
April 2007

Hankyu Realty Co., Ltd.

April 2010

Hankyu REIT Asset Management, Inc.

Senior Managing Director
Advisor (current position)