Hankyu Hanshin Properties Corp. acquired "Central Park Mall",a large-scale commercial facility representing the West Jakarta areain Indonesia
Hankyu Hanshin Properties Corp. will be collaborating with PT Agung Podomoro Land Tbk in theoperation and management of the Property, thereby enhancing the value of the Property and building
a foundation for leasing business in the ASEAN region.

Osaka, 18 October 2022 - Hankyu Hanshin Properties Corp. (“the Company”), the group’s
comprehensive real estate developer based in Osaka, acquired Central Park Mall, a largescale commercial facility in West Jakarta, Indonesia ("the Property") on September 22, 2022.
The Property was acquired by investing in the local entity that owns the Property through newly
the Company’s established subsidiary.
The Property is conveniently located in the western part of Jakarta metropolitan area (one of
the most economically developed areas in Southeast Asia), and close to the entrance of tollroad that connects Soekarno-Hatta International Airport and the central areas of Jakarta. Inaddition, one of the features of this Property is a large open space, a movie theater, auniversity, and other facilities that allows it to attract a diverse range of customers from a wide
area. Furthermore, the Property is used by many residents, office workers, hotel guests, andothers in "Podomoro City", a large-scale mixed-use development area where the Property islocated, and is regarded as a representative large-scale commercial facility in West Jakarta
area.
President Hankyu Hanshin Properties Corp., MOROTOMI Ryuichi, said, “Indonesia hascontinued to achieve economic development against the backdrop of a robust consumer
market expansion supported by an abundant population. In particular, further growth isexpected in Jakarta metropolitan area, where the population of the middle class and above,
which is the main target of this Property is expected to increase significantly over the medium
to long term.”
The Company established CPM Assets Japan LLC ("CPMAJ") as a wholly owned subsidiary,
and through CPMAJ, the Company invested in PT CPM Assets Indonesia ("CPM"), whichowns the Property. JOIN will invest in CPMAJ and the Company will receive a refund ofinvestment, which will make the ownership ratio 51%. In addition, as the Company is a major
investor in CPM through CPMAJ, the Company will dispatch its directors and employees toCPM to lead the operation and management of the Property.
Going forward, the Company will contribute through its accumulated expertise (know-how) inreal estate business to take the lead in the operation and management of the Property, thereby
enhancing the value of the Property and building a foundation for leasing business in theASEAN region.

EndAbout Hankyu Hanshin Properties Corp.
Hankyu Hansin Properties Corp. is subsidiary of Hankyu Hanshin Holdings, Inc that has formulated the “Hankyu
Hanshin Holdings Group Long-Term Vision: Toward 2040,” and has set forth 4 strategies to realize this vision,including the “realization of the predominant railway in the Kansai region.” One of these strategies is to “expand
the areas in which the Group develop railway business model.” Based on this strategy, the Group aims to expand
the scale of real estate business overseas, mainly in ASEAN, where economic growth is expected, by leveraging
the experience and know-how which the Group have accumulated along railway lines, and in cooperation withexternal partners, in each of the following businesses: leasing, residential, and short-term asset sales.

About Central Park Mall
Central Park Mall is located in “Podomoro City,” a large-scale mixed-use development area developed by PT Agung
Podomoro Land, Tbk (“APL”) of the Agung Podomoro Group, a leading real estate development company inIndonesia. The area consists of the Central Park Complex, high-rise residential buildings, offices, etc. The Central
Park Complex consists of APL Tower (offices), Central Park Residences (high-rise residential buildings), andPullman Hotel, in addition to the Property acquired by the Subsidiary this time.

Media Contacts
On behalf of Hankyu Hanshin Properties Corp.
Tania Hapsari
Q Communication+628179989384
thapsari@qcomm.id

FACT SHEET (APENDIX)■ Outline of the Central Park Mall
The Property is located in "Podomoro City," a large-scale mixed-use development area
developed by PT Agung Podomoro Land, Tbk ("APL") of the Agung Podomoro Group, aleading real estate development company in Indonesia. The area consists of the Central
Park Complex, high-rise residential buildings, offices, etc. The Central Park Complexconsists of APL Tower (offices), Central Park Residences (high-rise residential buildings),
and Pullman Hotel, in addition to the Property acquired by the Subsidiary this time.

Central Park Complex
近郊

Podomoro City
近郊
【Site Area】

85,697 m2 (the Central Park Complex site)【Total Floor Area】

188,047 m2 (the Mall portion）【Number of Stories】

9 stories【Completion of Construction】

September, 2009

【Number of Tenants】

Approx. 300 tenants【Affiliated Facilities】

i) APL Tower (46 floors of Grade A office spaces)ii) Central Park Residences (high-rise residentialcomplex consisting of three buildings)iii) Pullman Hotel (5-star hotel with 317 rooms)*All of the above i) through iii) are directly connected tothe Property

■ Location Map

Around the Property
近郊Jakarta and suburbs■ Acquisition Scheme Diagram

■ Hankyu Hanshin Properties’ Business Development in Indonesia
Among these, the following is an overview of thebusiness being developed in Indonesia.
(1) Leasing Business (Plaza Indonesia
Complex, fX Sudirman)
Plaza Indonesia Complex is Indonesia's
leading commercial, office, and hotel
complex*, and fX Sudirman is acommercial facility that has JKT48 Theaterand a movie theater. Both facilities areconveniently located on the main street in
Jakarta's central business district and in
front of the Jakarta Mass Rapid Transit(MRT North-South Line) subway station.

Location Map

The Group, along with local partners, havebeen participating in the operational
management of the projects since 2019.
*It consists of the following facilities:i) Plaza Indonesia Shopping Center
Shopping mall with about 400
tenants, mainly luxury brandsii) The Plaza Office
49 floors of premium grade officespace
occupiedbyglobal
companiesiii) Grand Hyatt Hotel
5-star hotel with 424 rooms
Plaza Indonesia Complex(2) Residential Business (The Zora, Opus Park, Springhill Yume Lagoon)In the suburban area of Jakarta, the Group are developing a business of selling
landed houses, condominiums and etc. with other Japanese companies and localpartners.
(3) Logistics warehouse business (Indonesia Logistics Center)
Located in MM2100 Industrial Park near Jakarta, where many Japanese companies
are expanding, the site has excellent access from the port and airport. Owned by oursubsidiary, Hankyu Hanshin Express Indonesia has been providing high-quality
logistics services mainly to automotive-related companies since 2016.

■ Overview of Hankyu Hanshin Properties Corp.
【Company Name】
Hankyu Hanshin Properties Corp.
【Location】

Hankyu Terminal Bldg., 1-1-4 Shibata, Kita-ku, Osaka【Representative】

MOROTOMI Ryuichi【Paid-in Capital】

12.4 billion yen【Revenues】

122.3 billion yen (Fiscal Year ending March 2022)【Lines of Business】

Leasing of office and commercial facilities, real estate【Number of Employees】■ Overview of JOIN
【Company Name】

development, area management, real estate funds, sales ofcondominiums, landed houses, and residential land plots,brokerage, refurbishment, property management, land use
optimization, etc.
Approx. 870 (as of September 15, 2022)【Location】

Japan Overseas Infrastructure Investment Corporation forTransport & Urban Development (JOIN)
2-2-3 Marunouchi, Chiyoda-ku, Tokyo【Representative】

TAKESADA Tatsuhiko【Paid-in Capital】

83.3 billion yen【Lines of Business】【Number of Employees】

Providing funding to support the investment of Japanesecompanies in overseas infrastructure projects such astransportation and urban development
Approx. 63 (as of March 31, 2022)■ Overview of APL【Company Name】

PT. Agung Podomoro Land, Tbk【Representative】

APL Tower 43rd - 45th floor, Podomoro City Jl. Let. Jend. S.
Parman Kav. 28 Jakarta 11470
Bacelius Ruru (President Director)【Paid-in Capital】

Approx. 2.27 trillion rupiah (approx. 22.0 billion yen*)【Revenues】

Approx. 4.26 trillion rupiah (approx. 41.3 billion yen*) (Fiscalyear ending December 31, 2021)
Real estate business【Location】【Lines of Business】【Number of Employees】
1,459 (as of December 31, 2021)*Converted at 100 Indonesian Rupiah = 0.97 yen.