[For Information Purpose Only.
The Japanese language press release should be referred to as the original.]
August 23, 2024
To All Concerned Parties

Name of REIT Issuer:
Invincible Investment Corporation
Naoki Fukuda, Executive Director(Securities code: 8963)
Asset manager:
Consonant Investment Management Co., Ltd.
Naoki Fukuda, President & CEO
Contact: Jun Komo,
General Manager of Planning Department(Tel. +81-3-5411-2731)

Notice concerning Determination of the Number of
New Investment Units to be Issued through the Third-party Allotment

Invincible Investment Corporation (“INV”) announced that it received a notice from the allottee that
it is exercising its option to purchase some of INV’s new investment units scheduled to be issued
through the third-party allotment (the “Third-party Allotment”), which was approved concurrently with
the issuance of new investment units through public offering (public offering) and secondary offeringof investment units (overallotment secondary offering) at the meetings of the board of directors ofINV held on July 18, 2024 and July 24, 2024, as outlined below:
Issuance of new investment units through the Third-party Allotment(1) Number of new investment units to be issued : 14,332 units(Number of units originally scheduled tobe issued: 44,750 units)(2) Amount to be paid (issue value): JPY 61,560 per unit
(3) Total amount to be paid (total issue value): JPY 882,277,920(4) Subscription period (subscription date): Monday, August 26, 2024
(5) Payment date
: Tuesday, August 27, 2024
(6) Allottee: A domestic underwriter<Reference>
1. The issuance of new investment units through the Third-party Allotment was approved
concurrently with the issuance of new investment units through public offering (public offering)and secondary offering of investment units (overallotment secondary offering) at the meetingsof the board of directors of INV held on July 18, 2024 and July 24, 2024.
For further details of the Third-party Allotment, please see the previous press releases entitled“Notice concerning Issuance of New Investment Units and Secondary Offering of Investment
Units”, dated July 18, 2024 and “Notice concerning Determination of the Issue Value and Offer
Price of Investment Units”, dated July 24, 2024.

This English Language notice does not constitute or form a part of any offer of securities in the United States of America. The securities referred to above havenot been, and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or soldin the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offered orsold in the United States. The contemplated transaction concerned does not involve any public offering of securities in the U.S.

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2. Change in the number of investment units issued and outstanding as a result of the Third-party
Allotment:
Current number of investment units issued and outstanding
7,632,121 units
Number of new investment units to be issued through the Third14,332 units
party Allotment
Total number of investment units issued and outstanding after the7,646,453 units
issuance of new investment units through the Third-party Allotment
3. Use of proceeds from the Third-party Allotment
The proceeds from the issuance of new investment units through the Third-party Allotment (JPY882,277,920) will be retained as cash on hand and be deposited to the financial institution as
the fund for a part of future acquisitions of specified assets (which shall have the meaning as
defined in Article 2, Paragraph 1 of the Act on Investment Trusts and Investment Corporationsof Japan (Act No. 198 of 1951, as amended)) or repairs and capital expenditures to maintainand enhance the asset value of properties in the portfolio.

Website of INV: https://www.invincible-inv.co.jp/eng/

This English Language notice does not constitute or form a part of any offer of securities in the United States of America. The securities referred to above havenot been, and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or soldin the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offered orsold in the United States. The contemplated transaction concerned does not involve any public offering of securities in the U.S.

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