May 30, 2024
Provisional translation only

Fukuoka REIT Corporation
1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City
Yukitaka Ohara
Executive Director(Securities Code: 8968)
Asset Management Company:
Fukuoka Realty Co., Ltd.
1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City
Zenji Koike
President and CEO
Inquiries:
Hiroyuki Ayabe
Executive Officer and General Manager
Finance Department
TEL: +81-(0)92-272-3900

Notice Concerning Additional Acquisition of Investment Units by Fukuoka Jisho Co., Ltd. and Conclusion ofAgreement on Pipeline Support with Fukuoka Jisho Co., Ltd.
Fukuoka REIT Corporation (FRC) hereby announces that it today received from Fukuoka Jisho Co., Ltd.
(Fukuoka Jisho), which is the main sponsor of FRC’s asset management company Fukuoka Realty Co., Ltd. (theAsset Management Company), a notice outlining additional acquisition of investment units of FRC and that it
decided today to newly conclude an agreement on pipeline support with Fukuoka Jisho.
1. Principal Details of the Acquisition Outlined in the Notice from Fukuoka Jisho(1) Total acquisition amount ofA total of 3 billion yen at maximum.
investment units
However, depending on the conditions of volume, etc. based on thesales transaction agreement to be concluded with a securities
company on May 31, 2024, the total acquisition amount may notreach the maximum amount or the acquisition may not be
conducted at all.
(2) Acquisition period
Scheduled to be from June 3, 2024, to January 10, 2025. However,
the acquisition may be completed prior to January 10, 2025, incase, for example, the total acquisition amount reaches themaximum amount.
(3) Method of acquisition
Fukuoka Jisho will acquire FRC’s investment units based on thesales transaction agreement to be concluded with a securities
company on May 31, 2024.
2. Significance of the Acquisition
Fukuoka Jisho has been developing a variety of office buildings, retails, hotels, logistics, and residences. FRC
has been continuously acquiring the assets which have the profit stability and growth potential of thedevelopment properties from Fukuoka Jisho. This additional acquisition of investment units clarifies again thestrong support of Fukuoka Jisho, our sponsor, beyond provisions of excellent properties. Further sponsor
support that contributes to the medium- to long-term growth of FRC is expected by further promotingalignment of the interests of investors and that of Fukuoka Jisho through additional acquisition of FRC'sinvestment units.

-1-3. Status of Holding of FRC Investment Units by Fukuoka Jisho Prior to the Acquisition
Fukuoka Jisho holds 9.81%, or 78,136 units, of the total number of investment units issued by FRC as of May30, 2024.
4. Conclusion of Agreement on Pipeline Support
FRC and the Asset Management Company decided today to conclude a new agreement on pipeline support
with Fukuoka Jisho on August 28, 2024.
[Overview of New Agreement on Pipeline Support]
Upon the acquisition of information on an opportunity to purchase real estate
Acquisition of assets from a third party (“investment opportunity”), Fukuoka Jisho shall provide
the information it obtained on said real estate asset to the Asset Management
real estate
Company without delay when it abandons the pursuit of the investment
assets fromopportunity and judges that such case may conform with FRC’s investment
third parties
criteria. However, this shall not apply if prior consent is not obtained from the(Note 1)
owner of said real estate asset and information providers including brokers.
When Fukuoka Jisho intends to sell a real estate asset that is consistent with theinvestment policy and investment criteria in the management guideline of theSale of assets
Asset Management Company and in which FRC can make investments (“eligible
to third parties
investment asset”), Fukuoka Jisho shall provide information on said eligible
by Fukuoka
investment asset to the Asset Management Company and preferentially propose
Jisho (Note 2)
the sale to FRC through the Asset Management Company if the sale to FRC isdeemed appropriate.
When the Asset Management Company intends to sell real estate owned by FRC
Sale of assets that was developed by Fukuoka Jisho and its affiliates (“Fukuoka Jisho, etc.”) orto third parties acquired from Fukuoka Jisho, etc. (including those developed or acquired beforeby FRC (Note the conclusion of the agreement. “sponsor-related asset”), it shall provide3)
information on said sponsor-related asset to Fukuoka Jisho and preferentially
propose the sale to Fukuoka Jisho or a party designated by Fukuoka Jisho.
Request forWhen the Asset Management Company asks the affiliates of Fukuoka Jisho tocooperation to cooperate with FRC and the Asset Management Company in accordance with theFukuoka Jisho purpose of the agreement, Fukuoka Jisho can make them cooperate as required by(Note 1)
the Asset Management Company.
The effective term of the agreement (“term of agreement”) shall be five years fromthe date of conclusion. However, if the Asset Management Company is no longer
the asset management company of FRC, the agreement shall be immediately
terminated except for provisions on the sale of assets to third parties by FRC andprovisions on confidentiality.
Fukuoka Jisho, FRC, and the Asset Management Company can request
consultation for revision to other contracting parties in writing six months prior to
the expiration of the term of agreement. If no request for consultation for revision
Period andis made by the parties concerned at least six months prior to the expiration, therevision (Noteterm of agreement will be renewed for another five years. The same shall apply1)
upon the expiration of the term of agreement thereafter.
Notwithstanding the above, in the event of significant changes in the situation suchas changes in the market evaluation on the cooperation system with Fukuoka Jisho,etc. and FRC and changes in the business policy of Fukuoka Jisho and theinvestment policy of FRC and the Asset Management Company (includingmanagement guideline), Fukuoka Jisho, FRC, and the Asset Management
Company can request consultation for revision to other contracting parties inwriting even during the effective term of the agreement.
*The changes to the " Agreement on Pipeline Support " dated August 28, 2009, are described in the notes below.

-2-(Note 1) Minor correction of words based on actual business practices, etc.
(Note 2) As the sponsor has deepened its understanding of FRC’s investment policy, the sentence “if the sale to
FRC is deemed appropriate” has been clearly stated.
(Note 3) A newly established provision that grants sponsors an opportunity to acquire assets when FRC sells
sponsor-related assets, as in the case of acquisition.

FRC concluded an agreement on pipeline support on August 28, 2009. For the overview of the agreement,
please refer to “Report on Management Structure, etc. of Issuers, etc. of Real Estate Investment Trust
Securities 1. Basic Information (6) Matters Concerning Sponsors (ii) Status of Agreement, Etc. on Property
Supply and Information Provision with Group Companies of Sponsors “Agreement on Pipeline Support” withFukuoka Jisho Co., Ltd.” dated May 30, 2024, and <Reference> below.
*FRC’s website is https://www.fukuoka-reit.jp/en/index.html<Reference>[Overview of Agreement on Pipeline Support dated August 28, 2009]
When Fukuoka Jisho acquires information on an opportunity to purchase real estate assets from a third
party (“investment opportunity”), Fukuoka Jisho can decide how it will handle the information in its
Acquisition ofsole discretion. When Fukuoka Jisho abandons the pursuit of the investment opportunity in its solereal estate
discretion and reasonably judges that such case may conform to FRC’s investment criteria, Fukuoka
assets fromJisho shall provide the information it obtained on said real estate asset to the Asset Management
third parties
Company as soon as possible. However, this shall not apply if prior consent is not obtained from theowner of said real estate asset and information providers including brokers.
When Fukuoka Jisho intends to sell a real estate asset that is consistent with the investment policy andSale of assets
investment criteria in the management guideline and in which FRC can make investments (“eligibleto third partiesinvestment asset”), Fukuoka Jisho shall preferentially propose the sale to FRC through the Assetby Fukuoka
Management Company. Fukuoka Jisho shall provide as much information as it has on said eligible
Jisho
investment asset to the Asset Management Company.
When the Asset Management Company asks the group companies of Fukuoka Jisho to cooperate withRequest for
FRC and the Asset Management Company in accordance with the purpose of the agreement, Fukuoka
cooperation to Jisho shall make each group company cooperate as required by the Asset Management Company.
Fukuoka Jisho Fukuoka Jisho shall also make each group company exert utmost efforts to realize the purpose of theagreement.
The effective term of the agreement shall be five years from the date of conclusion. However, if theAsset Management Company is no longer the asset management company of FRC, the agreement shallbe immediately terminated except in the prescribed cases.
Fukuoka Jisho, FRC, and the Asset Management Company can request consultation for revision toother contracting parties in writing six months prior to the expiration of the term of agreement. If norequest for consultation for revision is made by the parties concerned at least six months prior to theexpiration, the term of agreement will be renewed for another five years. Likewise, it will bePeriod andautomatically renewed upon the expiration of the term of agreement thereafter.
revision
Notwithstanding the above, in the event of significant changes in the situation such as changes in themarket evaluation on the cooperation system with the group companies of Fukuoka Jisho and FRC andchanges in the business policy of Fukuoka Jisho and the investment policy of FRC and the AssetManagement Company (including management guideline), Fukuoka Jisho, FRC, and the AssetManagement Company can request consultation for revision to other contracting parties in writing
even during the effective term of the agreement.

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