February 1, 2019
For Immediate Release
Real Estate Investment Trust Securities Issuer
Star Asia Investment Corporation
Representative: Atsushi Kato, Executive Director(Code: 3468)
Asset Management Company
Star Asia Investment Management Co., Ltd.
Representative: Atsushi Kato
President and CEO
Contact: Toru Sugihara
Director and CFO
TEL: +81-3-5425-1340

Notice Concerning Completion of Transfer of Quasi-co-ownship of Trust Beneficiary Interest in
Domestic Real Estateand(Correction) “Notice Concerning Acquisition and Transfer (Asset Replacement) of
Real Estate Beneficiary Interests in Trust”

Star Asia Investment Corporation (“SAR”) announces today that it has completed the transfer of 51% ofquasi-co-ownship of the trust beneficiary interest in Hakata-eki Higashi 113 Building, which was described in the“Notice Concerning Acquisition and Transfer (Asset Replacement) of Real Estate Beneficiary Interests in Trust”
dated July 23, 2018.
As a result, transfers of the assets to be transferred described in the “Notice Concerning Acquisition andTransfer (Asset Replacement) of Real Estate Beneficiary Interests in Trust” dated July 23, 2018 have been
completed.
In addition, SAR corrects the following part of the “Notice Concerning Acquisition and Transfer (AssetReplacement) of Real Estate Beneficiary Interests in Trust” dated July 23, 2018. Details are provided as follows.

1． Transfer overview
Property
AssetTransfer PriceLocation
Transferred Asset Type
nametype(Note 2)
Hakata-eki
Hakata-ku,
Quasi-co-ownship of the1,453.5
Higashi 113
OfficeFukuoka-shi,
beneficiary interest in trust
Million yen
Building
Fukuoka(51%) (Note 1)(Note 1) The transfer of the remaining 49% of quasi-co-ownership of the trust beneficiary interest has been
completed on December 3, 2018 as announced in the “Notice Concerning Completion of Transfer ofQuasi-co-ownship of Trust Beneficiary Interest in Domestic Real Estate ” dated December 3, 2018.
(Note 2) Transfer price does not include transfer-related costs, adjustment amount of property tax and city
planning tax, consumption tax etc.
2. Correction Point and Details (The change is indicated by the underlined portion.)
9. Overview of broker (2) Hakata-eki Higashi 113 Building ①Broker Profile< Before Correction>
NameStar Asia Asset Advisors Co., Ltd.

Location

2-8, Nihonbashikodenmacho, Chuo-ku, Tokyo1Representative

Keiji Watanabe
1. Consulting
2. Planning, design, development, structuring of computer software, hardware, and network
3. Internet-related services
4. Buy/Sell, holding, and management of securities, real estate, and monetary claim
5. Information processing related services

Main business description

6. Telecommunication business
7. Real estate brokerage
8. Type II financial instruments business9. Investment advisory and agency
10. Lease, management and operation of real estate
11.- through 13. (Omitted)
14. All business incidental to the above

Capital10 million yen

EstablishedMay 2, 2008

Relationship with SAR or the Asset Manager
There is no capital tie to be noted between SAR/the Asset Manager and the abovementioned
company, however the aforementioned company falls under the category of interested party
Capital relationshipprescribed in the “Rules on Transactions with Interested Parties”, which is the voluntary rules
set forth by the Asset Manager for preventing conflict of interests regarding its managementof SAR’s assets. Upon determination of retainance as the broker, the Asset Manager has
performed deliberation and approval in accordance with the voluntary rules.

Personnel
Relationship

There is no personnel relationship to report.

Business Relation

There is no business relationship to report.

Related party or not

The aforementioned company does not fall under the category of interested person, etc. asprovided in the Investment Trusts Act, but falls under the category of interested party
prescribed in the “Rules on Transactions with Interested Parties”, which is the voluntary rules
set forth by the Asset Manager for preventing conflict of interests regarding its managementof SAR’s assets. Upon determination of the retainance as broker, the Asset Manager has
performed deliberation and approval in accordance with the voluntary rules.

< After Correction>
NameStar Asia Asset Advisors Co., Ltd.

Location

2-8, Nihonbashikodenmacho, Chuo-ku, Tokyo

Representative

Keiji Watanabe

Main business description

1. Consulting
2. Planning, design, development, structuring of computer software, hardware, and network
3. Internet-related services
4. Buy/Sell, holding, and management of securities, real estate, and monetary claim
5. Information processing related services
6. Telecommunication business
7. Real estate brokerage
8. Type II financial instruments business9. Investment advisory and agency
10. Lease, management and operation of real estate
11.- through 13. (Omitted)

214. All business incidental to the above
Capital10 million yen

EstablishedMay 2, 2008

Relationship with SAR or the Asset Manager
Capital relationship

There is no capital tie to be noted between SAR/the Asset Manager and the abovementionedcompany, however the aforementioned company falls under the category of interested party
prescribed in the “Rules on Transactions with Interested Parties”, which is the voluntary rules
set forth by the Asset Manager for preventing conflict of interests regarding its managementof SAR’s assets. Upon determination of retainance as the broker, the Asset Manager has
performed deliberation and approval in accordance with the voluntary rules.

PersonnelRelationship

There is no personnel relationship to report.

Business Relation

There is no business relationship to report.

Related party or not

The aforementioned company is an Interested Person, etc. (as defined in Article 201 of theAct on Investment Trusts and Investment Corporations (Act No.198 of 1951, as amended)(the “Investment Trusts Act”) and Article 123 of the Order for Enforcement of the Act onInvestment Trusts and Investment Corporations (Cabinet Order No. 480 of 2000, asamended)) of the Asset Manager. Moreover It falls under the category of interested party
prescribed in the “Rules on Transactions with Interested Parties”, which is the voluntary rules
set forth by the Asset Manager for preventing conflict of interests regarding its managementof SAR’s assets.
Upon determination of the retainance as broker, the Asset Manager has performed
deliberation and approval in accordance with the Investment Trusts Act and the voluntaryrules (including the “Rules on Transactions with Interested Parties”).

3. OtherFor details regarding the transfer of the property described above, please refer to “Notice Concerning
Acquisition and Transfer (Asset Replacement) of Real Estate Beneficiary Interests in Trust” dated July 23, 2018.

* Star Asia Investment Corporation website address: http://starasia-reit.com/en/3