October 3, 2023
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 Assessment”( “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 2023 GRESB Real Estate Assessment. SAR also received the highest “A Level” under the GRESB
Public Disclosure Assessment.
1.

Results of 2023 GRESB Assessment(1) GRESB Real Estate Assessment
In the 2023 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 “GreenStar” designation for the third 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 Assessment
SAR also received the highest “A Level” for the GRESB Public Disclosure Assessment, which assesses thewidth of our ESG disclosure.

Please refer to the link below to see details concerning 2023 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 theassessment. It was founded in 2009 by a group of major European pension funds who played leading roles inlaunching Principles for Responsible Investment (PRI). Currently, about 150 Investor Members use GRESB
data for their investment decision-making and engagement with investees, and several institutions fromJapan including Government Pension Investment Fund (GPIF) utilize GRESB Assessment results. In 2023, 2084
listed or private real estate companies/funds participated in GRESB Real 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 promote
initiatives towards the Environment (E), Society (S), and Governance (G).

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

This is an English translation of the announcement in Japanese dated October 3, 2023.However, no assurance orwarranties are given for the completeness or accuracy of this English translation.

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