Hankyu Hanshin Properties Corp. Secures Commitment to Equity
Investment in 3 High Grade Office Buildings in Jakarta, Indonesia,to Take Part in Their Operations and Management
Hankyu Hanshin Properties Corp. is set to utilize the know-how it has cultivated in the real estatebusiness to enhance the value of the Properties and to build a foundation for the leasing business in
ASEAN countries.

Osaka, 31 January 2023 – Hankyu Hanshin Properties Corp. (“the Company”) is pleased toannounce that today it has decided to invest in PT. Duta Cakra Pesona (“DCP”), a subsidiary ofPT. Bumi Serpong Damai Tbk (“BSD”), which owns and operates Sinarmas MSIG Tower and aportion of Bakrie Tower in the center of Jakarta, Indonesia, as well as a portion of Luminary Tower(under construction) in the center of Jakarta (collectively, the "Properties"). The investment wascarried out through a joint company with the Japan Overseas Infrastructure Investment
Corporation for Trans and Urban Development (JOIN). The Company will participate in theoperation and management of the Properties.
The Properties are conveniently located on a main street in the Central Business District ("theCBD”), which is one of the world's leading cities in Southeast Asia, and close to Jakarta MRT(North-South Line) and Light Rail Transit (“LRT”) stations. In addition, the Properties are highgrade office buildings with high specifications, with Luminary Tower rated as P (Premium) gradeand MSIG Tower as well as Bakrie Tower rated as A grade.
Hankyu Hanshin Properties Corp. President MOROTOMI Ryuichi, said, “Indonesia'seconomy continues to grow on the back of a robust and expanding consumer market, which isalso supported by an abundant population. The CBD, in particular, is expected to develop furtherin the future, as various transportation infrastructures have been developed in recent years. In
this context, the Company will operate and manage the Properties by utilizing the know-how it
has cultivated so far in the real estate business, etc., to enhance the value of the Properties andto build a foundation for our leasing business in ASEAN countries.”
The Properties will be operated and managed jointly with Bumi Serpong Damai (“BSD”), asubsidiary of Sinarmas Land, one of the largest real estate developers in Indonesia. BSD isdeveloping a large-scale new town "Bumi Serpong Damai City" in the suburb of Jakarta, and theCompany has been participating in residential business development since October 2016.
The Company will assign one of its directors to be actively involved in the business operations.
Through this scheme, the Company will own a portion of the Properties and participate in theoperation and management of office buildings in Indonesia. In addition, the Company is also aco-owner of the local entity that owns and operates the Plaza Indonesia Complex and fX Sudirman,in which it invested in July 2019.
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 inwhich the Group develop railway business model”. Based on this strategy, the Group aims to expand the scale of realestate business overseas mainly in ASEAN countries, where economic growth is expected, by leveraging theexperience and know-how which the Group have accumulated along railway lines, and cooperating with external
partners in each of the following businesses: leasing, residential, and short-term asset sales.

About Duta Cakra Pesona
PT Duta Cakra Pesona is a wholly-owned subsidiary of PT Bumi Serpong Damai Tbk, a business group under Sinarmas
Land. The company focuses on office building development, ownership, management, and leasing business. Currently,
the company owns, manages, and operates Sinarmas MSIG Tower, Bakrie Tower, and Luminary Tower.

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

APPENDIX■ Location Map
JakartaCBD

MRT (North-South Line)
LRT■ Investment Scheme and Operation/Management of the Properties

■ Overview of the Properties (Entire Buildings)
Sinarmas MSIG Tower

Bakrie Tower

Luminary Tower

Site Area

5,890 m2

9,745 m2

9,428 m2

Gross Floor Area

82,610 m2

76,202 m2

132,467 m2

Number of Floors

47 floors aboveground,

47 floors aboveground,

66 floors above ground,

1 basement floor

4 basement floors※1

6 basement floors ※2(excluding rooftop floors)

Office, etc.

Office, etc.

Office, Commercial, Hotel, etc.

Office GradeAAPCompletion

July 2016

October 2008

Middle of 2023 (planned)

Usage※1: DCP owns 13 floors. ※2: DCP will own 23 office floors after its completion.

Sinarmas MSIG Tower

Bakrie Tower

Luminary Tower（Right）

(Reference)■ Hankyu Hanshin Properties’ Business Development in Indonesia(1) Leasing Business① Plaza Indonesia Complex, fX Sudirman
Plaza Indonesia Complex is Indonesia's leading commercial, office, and hotel complex*, andfX Sudirman is a commercial facility that has the JKT48 Theater. Both facilities areconveniently located on the main street in the CBD and in front of the Jakarta Mass Rapid
Transit (MRT North-South Line) subway station. The Group, along with local partners, hasbeen participating in the operational management of the projects since July 2019.
*It consists of the following facilities:i)

Plaza Indonesia Shopping Center
Shopping mall with approx. 400 tenants,
mainly luxury brands.

ii) The Plaza Office
49 floors of premium-grade office space
occupied by global companies.
iii) Grand Hyatt Hotel

Plaza Indonesia Complex

5-star hotel with 424 rooms.

② Central Park Mall
Central Park Mall is a large-scalecommercial facility representing theWest Jakarta area in Indonesia. The
facility is conveniently located near
the entrance and exit of the toll roadconnecting
Soekarno-Hatta
International Airport and the Central
Area of Jakarta.
In addition to its large open space
Central Park Mall and Tribeca Park
(outdoor area), the facility has a movie
theater, a university, and other facilities that allow it to attract a diverse range of customers
with broad coverage. The Company acquired the facility in September 2022, and take thelead in its operations and management.

(2) Residential Business (The Zora, Opus Park, Springhill Yume Lagoon)In the suburban area of Jakarta, the Company is developing a business of selling landed
houses, condominiums and etc. with other Japanese companies and local partners.

(3) Logistics

WarehouseBusiness(Indonesia Logistics Center)
Located in MM2100 Industrial Park nearJakarta,
wheremanyJapanesecompanies are expanding, the site has
excellent access from the port andairport. Owned by our subsidiary,
Hankyu Hanshin Express Indonesia has
been providing high-quality logistics
services mainly to automotive-relatedcompanies since 2016.
(1)●Leasing Business

(2)
(3)

●Residential Business●Logistics Warehouse Business■ 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 estatedevelopment, 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)【Number of Employees】■ Overview of JOIN
【Company Name】【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】

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

PT. Bumi Serpong Damai Tbk【Location】

Sinarmas Land Plaza, Grand Boulevard, BSD Green Office Park,
BSD City, Tangerang 15345, Indonesia
Franciscus Xaverius Ridwan Darmali【Representative】【Paid-in Capital】【Revenues】【Lines of Business】

Around IDR 2,117,100 million (around JPY 17,800 million(*)) (as ofSeptember 30, 2022)
Around IDR 7,654,800 million (around JPY 64,300 million(*)) (fiscalyear ending December 31, 2021)
Real estate business【Number of Employees】
1,989 (as of September 30, 2022)*Converted at IDR 100 = JPY 0.84

End