October 18, 2022
For Immediate Release
Real Estate Investment Trust Securities Issuer
Star Asia Investment Corporation
Representative: Atsushi Kato, Executive officer(Code: 3468)
Asset Management Company
Star Asia Investment Management Co., Ltd.
Representative: Atsushi Kato
President and CEO
Contact: Akiko Kanno
Director and CFO
TEL: +81-3-5425-1340

Notice Concerning Results of “GRESB Real Estate Assessment” and “GRESB Public Disclosure”( “3 Stars” , “Green Star” and “A level” )Star Asia Investment Corporation (“SAR”) announced that it has acquired a “3 Stars” rating and a “Green Star”
designation in the 2022 GRESB Real Estate Assessment. SAR also received the highest “A Level” under theGRESB Public Disclosure.
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Results of 2022 GRESB Assessment(1) GRESB Real Estate Assessment
In the 2022 GRESB Real Estate Assessment, “SAR” received a “3 Stars” in GRESB Rating, which is basedon GRESB Overall Score and its quintile position relative to global participants. It also won a “Green Star”
designation for the second consecutive year by achieving high performance both in “ManagementComponent” that evaluates policies and organizational structure for ESG promotion, and “PerformanceComponent” that assesses environmental performance and tenant engagement of properties owned.

1(2) GRESB Public Disclosure
SAR also received the highest “A Level” for the GRESB Public Disclosure, which assesses the width of ourESG disclosure.

Please refer to the link below to see details concerning 2022 GRESB data. https://gresb.com/nl-en/(Reference) GRESBGRESB is an annual benchmarking assessment to measure ESG (Environmental, Social and Governance)
integration of real estate companies and funds, as well as the name of organization which runs the assessment.
It was founded in 2009 by a group of major European pension funds who played leading roles in launching
Principles for Responsible Investment (PRI). Currently, more than 170 Investor Members (with $ 51 trillion inassets under management) use GRESB data for their investment decision-making and engagement withinvestees, and several institutions from Japan including Government Pension Investment Fund (GPIF) utilize
GRESB Assessment results. In 2022, 1,820 listed or private real estate companies/funds participated in GRESBReal Estate Assessment.
2.

Future measures
SAR and Star Asia Investment Management Co. Ltd. (the “Asset Manager”) to which SAR entrusts themanagement of its assets recognize the importance of serving its role in society as a listed real estate
investment corporation, as well as maximizing unitholders’ interests. Under this recognition, upon conducting
our real estate investment and management business, in order to increase corporate value by pursuing longterm sustainability and to exert comprehensive competitiveness, we are giving maximum consideration
towards the Environment, Society, and Governance. SAR and the Asset Manager intend to further promoteinitiatives towards the Environment (E), Society (S), and Governance (G).

* Star Asia Investment Corporation website address: http://starasia-reit.com/en/

This is an English translation of the announcement in Japanese dated October 18, 2022.However, no assurance orwarranties are given for the completeness or accuracy of this English translation.

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