8989<Provisional translation>
June 20, 2014
For Immediate Release
REIT Issuer
Hankyu REIT, Inc. (Securities Code: 8977)
19-19 Chaya-machi, Kita-ku, Osaka
Yoshiaki Shiraki, Executive Director
Asset Management Company
Hankyu REIT Asset Management, Inc.
Yoshiaki Shiraki, President & Representative Director
Contact:
Akihisa Nakano
General Manager, Corporate Planning Dept.
Email: hankyureit-ir@hankyu-rt.jp

Notice Concerning the Determination of the Number of Investment Units to be Issued
for the Issuance of New Investment Units through Third-Party Allotment
Hankyu REIT, Inc. (hereafter “Hankyu REIT”) announces it has received a notice from the allottee to theeffect that the allottee will subscribe for all of the planned number of investment units to be issued for theissuance of new investment units through third-party allotment that was resolved at the same time as theissuance of new investment units through public offering (primary offering) and secondary offering ofinvestment units (over-allotment) at the Board of Directors’ meetings of Hankyu REIT held on May 12, 2014
and May 21, 2014. Details are described below.

(1) Number of new investment units to be issued:
1,300 units(Planned number of investment units to be issued: 1,300 units)(2) Total amount to be paid in (purchase price):
667,553,900 yen(513,503 yen per unit)(3) Subscription period (Subscription date):
June 26, 2014 (Thu.)(4) Payment date:June 27, 2014 (Fri.)(5) Allottee:

Mizuho Securities Co., Ltd.

<Reference>
1. The issuance of new investment units through third-party allotment above was resolved at the same timeas the issuance of new investment units and secondary offering of investment units at the Board of
Directors’ meetings of Hankyu REIT held on May 12, 2014 and May 21, 2014.
For details of the concerned third-party allotment, etc., please refer to the press releases “NoticeConcerning the Issuance of New Investment Units and Secondary Offering of Investment Units” dated
May 12, 2014, “Notice Concerning the Determination of Prices and Other Items for the Issuance of New
Investment Units and Secondary Offering of Investment Units” dated May 21, 2014 and “NoticeConcerning Partial Corrections to the Determination of Prices and Other Items for the Issuance ofNew Investment Units and Secondary Offering of Investment Units” dated May 23, 2014.
2. Changes in Number of Investment Units Issued and Outstanding as a Result of This Third-Party Allotment
Total number of investment units issued and outstanding at present:
118,200 units
Disclaimer:This document is a press release to make a public announcement of Hankyu REIT’s issuance of new investment units throughthird-party allotment, and has not been prepared as a solicitation for investment.

1Increase in number of investment units this time:
1,300 units
Total number of investment units issued and outstanding after third-party allotment: 119,500 units
3. Use of the Funds to be Procured through Third-Party Allotment
The 667,553,900 yen in proceeds from the third-party allotment above will be held as cash on hands andwill be allocated to future acquisition funds of specified assets (as defined in Article 2, Paragraph 1 of theAct on Investment Trusts and Investment Corporations; same hereafter), to the redemption of deposit andsecurity Hankyu REIT used for the acquisition of assets under management (Note) or to the repayment ofloans. Furthermore, the 6,675,539,000 yen in proceeds from the primary offering was allocated to theacquisition of new specified assets by Hankyu REIT as indicated in the press release “Notice Concerning
Acquisition of Domestic Real Estate Trust Beneficiary Interests” dated May 12, 2014.
Note: Part of deposit and security pledged by tenants at assets under management is reserved at trust
accounts as cash and deposit for future redemption. However, based on the agreement with thetrustee, Hankyu REIT may use part of it, and Hankyu REIT allocates it for the redemption of part ofdeposit and security on trust accounts it uses. The deposit and security Hankyu REIT uses as ofApril 30, 2014 is 4,962 million yen.

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The Japanese original document was distributed to press clubs within the Tokyo Stock Exchange (Kabuto Club), OsakaSecurities Exchange, Ministry of Land, Infrastructure, Transport and Tourism, and to the press club of the construction trade
newspaper of the Ministry of Land, Infrastructure, Transport and Tourism.
Hankyu REIT website: http://www.hankyu-reit.jp/eng/

Disclaimer:This document is a press release to make a public announcement of Hankyu REIT’s issuance of new investment units throughthird-party allotment, and has not been prepared as a solicitation for investment.

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