For Translation Purposes Only

FINANCIAL REPORT FOR FISCAL PERIOD ENDED AUGUST 31, 2008
(March 1, 2008 through August 31, 2008)
October 16, 2008
Name of Issuer of Real Estate Investment Trust:LCP Investment Corporation

Stock Exchange:

Tokyo Stock Exchange

Code Number:

8980

URL:

http://www.lcp-reit.co.jp

Location of Head Office:Tokyo

Inquiries to:(Asset Management Company)
LCP REIT Advisors Co., Ltd.
Responsible Person: Yuji Kubo
Title: Director, Financial Department
Tel: +81-3-3272-7311

Date of Board Meeting for Settlement of Accounts:

October 16, 2008

Commencement Date of Payment of Dividends:

November 19, 2008 (Scheduled)

1. Performance for Fiscal Period Ended August 31, 2008 (March 1, 2008 through August 31, 2008)(Note: Amounts less than one million yen have been omitted.）(1) Operating Results(Million yen, unless otherwise stated)
Operating Revenue

Operating Income

Ordinary Income

Fiscal Period Ended
3,313(△7.2%)

1,663(△16.3%)

1,006(△30.0%)3,571(7.7%)

1,986(13.9%)

1,437(16.6%)

August 31, 2008
Fiscal Period Ended
February 29, 2008

Net Income

Return onOrdinaryper Unit

Unit Holders’Income(Yen)

Equity (ROE)to Total Assets

Ordinary Income toNet Income

Operating Revenues
Fiscal Period Ended
1,005(△30.0%)

10,951

2.4%

1.0%

30.4%

1,435

(16.5%)

15,637

3.4%

1.4%

40.3%

August 31, 2008
Fiscal Period EndedFebruary 29, 2008
(Notes) Net income per unit is calculated by utilizing the average number of investment units for the period.
The average number of investment units for the fiscal period ended August 31, 2008 was 91,800 units.
The average number of investment units for the fiscal period ended February 29, 2008 was 91,800 units.
The information above is translated from the first page of the Japanese “Kessan Tanshin” report, dated April 15, 2008
LCP Investment Corporation makes no assurance or warranty with respect to the completeness or accuracy of this English
translation. To guarantee complete and accurate information, please refer to the original report in Japanese.

(2) Distribution
Distribution

Total

Distribution in

Total Distribution

PayoutDistribution

per Unit

Distribution

Excess ofin Excess ofRatio

Ratio to(Yen)(Million yen)

Earnings per Unit

Earnings

Unitholders’(Yen)(Million yen)

EquityFiscal Period Ended
10,951

1,005

00

100.0%

2.4%

15,637

1,43500

100.0%

3.4%

August 31, 2008
Fiscal Period Ended
February 29, 2008
Note: The payout ratio is rounded off to the first decimal place.

(3) Financial Position(Million yen, unless otherwise stated)

Total Assets

Total Unit Holders’Unit Holders’ Equity to

Unit Holders’ Equity per

EquityTotal Assets

Investment Unit (Yen)

Fiscal Period Ended
96,891

41,32842.7%

450,201

101,516

41,75841.1%

454,888

August 31, 2008
Fiscal Period Ended
February 29, 2008
Note: Shareholders’ equity as of August 31, 2008 is 41,328 million yen.
Shareholders’ equity as of February 29, 2008 is 41,758 million yen.

(4) Cash Flow Results(Million yen, unless otherwise stated)

Cash Flow From

Cash Flow From

Cash Flow From

Cash and Cash Equivalents

Operating Activities

Investing Activities

Financing Activities

at End of Fiscal Period

Fiscal Period Ended
5,757

△186

△5,578

4,902

5,079

△3,322△1,972

4,909

August 31, 2008
Fiscal Period Ended
February 29, 2008

2. Forecast of Results for Next Fiscal Period (September 1, 2008 through February 28, 2009)(Million yen, unless otherwise stated)
Operating Revenue

Operating IncomeOrdinary Income

Net Income

Distribution

Distribution inper Unit

Excess of(Yen)

Earnings per Unit
(Yen)

Fiscal Period Ending
2,892(△12.7%)

1,236(△25.7%)547(△45.6％)546(△45.6％)

5,900

February 28, 2009

(Reference) Estimated net income per unit for the next fiscal period ending February 28, 2009: ¥5,900
The information above is translated from the first page of the Japanese “Kessan Tanshin” report, dated April 15, 2008
LCP Investment Corporation makes no assurance or warranty with respect to the completeness or accuracy of this English
translation. To guarantee complete and accurate information, please refer to the original report in Japanese.

03. Others(1) Changes in accounting policies(i) Changes due to accounting standards : None(ii) Other changes : None(2)Investment units outstanding(i) Investment units outstanding (including units owned by PRI) at fiscal period-ends:
91,800 units as of August 31, 2008; 91,800 units as of February 29, 2008(ii) Investment units owned by LCP at fiscal period-ends:
0 unit as of August 31, 2008; 0 unit as of February 29, 2008

The information above is translated from the first page of the Japanese “Kessan Tanshin” report, dated April 15, 2008
LCP Investment Corporation makes no assurance or warranty with respect to the completeness or accuracy of this English
translation. To guarantee complete and accurate information, please refer to the original report in Japanese.