NEWS RELEASE
February 9, 2021
For Immediate Release

Investment Corporation
Japan Real Estate Investment Corporation
Yutaka Yanagisawa, Executive Director(TSE code: 8952)
Asset Management Company
Japan Real Estate Asset Management Co., Ltd.
Naoki Umeda, President & CEO
Contact: Masaru Motooka
Executive Officer & General Manager
Planning Department
Phone: +81‐3‐3211‐7951

Announcement of Change in Major Shareholdersof the Asset Management Company
Japan Real Estate Investment Corporation (“JRE”) hereby announces that Japan Real Estate AssetManagement Co., Ltd. ("JRE‐AM"), the asset management company to which JRE entrusts asset
investment, resolved at its Board of Directors’ meeting held today to approve the transfer of JRE‐AM’s
shares owned by MITSUI & CO., LTD. (“MITSUI & CO.”) to Mitsubishi Estate Co., Ltd. (“Mitsubishi Estate”)(the “Share Transfer”), which will cause a change in the major shareholders of JRE‐AM (the “ShareholderChange”), as described below.

1. Scheduled Date and Background of the Shareholder Change
MITSUI & CO., which is a shareholder of JRE‐AM, will transfer all the JRE‐AM shares it owns (28,571
shares, or 10.0% of the total number of shares issued) to Mitsubishi Estate as of April 16, 2021.
Any transfer of JRE‐AM’s shares must be approved by its Board of Directors pursuant to the provisionof Article 11 of its Articles of Incorporation, and the Board of Directors today approved the Share
Transfer for which approval was requested by MITSUI & CO. and Mitsubishi Estate.

2. Overview of the Departing Shareholder (as of December 31, 2020)(1) Company name:

MITSUI & CO., LTD.

(2) Address:

1‐2‐1, Otemachi, Chiyoda‐ku, Tokyo(3) Representative:

Tatsuo Yasunaga, President and Chief Executive Officer(4) Major business areas:

Utilizing its global operating locations, network and information
resources, the company is multilaterally pursuing business that ranges
from product sales, worldwide logistics and financing, through to thedevelopment of major international infrastructure and other projects

(5) Paid‐in capital:in the following fields: Iron & Steel Products, Mineral & Metal
Resources, Energy, Infrastructure Projects, Mobility, Chemicals, Food,
Food & Retail Management, Healthcare & Service, IT &Communication Business, Corporate Development Business.
JPY 342,080 million

3. Number of Voting Rights (Number of Shares) Held by the Departing Shareholder andPercentage of Total Voting Rights Outstanding

Before change(as of February 9, 2021):

Number of voting
rights(Number of sharesheld)
28,571(28,571 shares)

After change:―

Percentage of voting
rights outstanding

Shareholder rank

10.0%

2nd―

―

*Number of non‐voting shares deducted from the total number of shares issued: 0Total number of shares issued as of February 9, 2021:
285,710 shares(Reference) Shareholder Composition of JRE‐AM before and after the Shareholder Change

Shareholder name:
Mitsubishi Estate Co., Ltd.
MITSUI & CO., LTD.
Total

Before change
Number of%shares held
257,139 shares
90%
28,571 shares
10%285,710 shares
100%

After change
Number of%shares held
285,710 shares
100%――
285,710 shares100%

4. Future Outlook
The Shareholder Change will have no impact on the performance of JRE. There will be no change,
either, in the asset management agreement concluded between JRE and JRE‐AM, the investment
policy of JRE, and the operational structure of JRE‐AM, etc.
Furthermore, with regard to the Shareholder Change, necessary procedures including filings will betaken in accordance with the Financial Instruments and Exchange Act, the Real Estate Brokerage Act
and other relevant laws and regulations.

This is the English translation of the announcement in Japanese dated February 9, 2021.
No assurance or warranties are given for the completeness or accuracy of this English translation.