<Provisional translation>
March 13, 2018

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:
Hiroshi Yoshida
General Manager, IR and Public Relations Department
Email: hankyureit-ir@hankyu-rt.jp

Notice Concerning Resignation and Election of Director and Auditor and so on, and Changes in Important
Employees at Asset Management Company
Hankyu REIT, Inc. (hereafter “Hankyu REIT”) hereby notifies that at a Board of Directors Meeting held today atHankyu REIT Asset Management, Inc. (hereafter the “Asset Management Company”), the asset managementcompany that Hankyu REIT has selected to manage its assets, the following two things were resolved; A) It
received resignation requests from Director (part-time) Kenji Yamaguchi and Auditor (part-time) Ken Kitano andaccepted the resignation, and was made to put forward proposals of election of directors and auditors to theextraordinary general meeting of shareholders to be held on April 1, 2018. B) Delegation of the general managerresponsibilities of directors and changes in important employees. The details are as follows.

Details
1. Resigning Director and Auditor (Date of resignation: March 31, 2018)
Director (part-time)

Kenji Yamaguchi

Auditor (part-time)

Ken Kitano

2. Director and Auditor to be Newly Elected, Delegation of General Manager Responsibilities of Directors (as ofApril 1, 2018)
DirectorFutoshi Kinoshita (in charge of Investment Planning Department and Investment
Management Department 1, and commissioned as General Manager of Investment PlanningDepartment)

Director (part-time)

Toyoyuki Komori

Auditor (part-time)

Yasuki Fukui*Career summaries of the director and the auditor to be newly elected are provided on the attached material.

3. Changes in Important Employees (as of April 1, 2018)
Name
Masakazu Shimizu

New Duties

Previous Duties

General Manager of Investment
Management Department 1

1

General Co-Manager of Investment
Management Department 1

Name

New Duties

Previous Duties

Toshiaki Hirano

General Manager of Investment
Management Department 2― (Note 1)

Masahiro Kubo

― (Note 2)

General Manager of Investment
Management Department 2
General Manager of Investment
Planning Department
General Manager of Corporate
Administration and SupervisionDepartment

Akihisa Nakano
Kiyotaka Okano

General Manager of Corporate
Administration and Supervision Department
General Co-Manager of Corporate
Administration and Supervision Department(in charge of business reform) (Note 3)(Note 1) Scheduled to be seconded from Hankyu Hanshin Building Management Co., Ltd., as of April 1, 2018.
(Note 2) Scheduled to be seconded to Hankyu Hanshin Building Management Co., Ltd., as of April 1, 2018.
(Note 3) Will be in charge of businesses promoting the enhancement of personnel and organizations, improvement ofproductivity and optimization of work-life balance.

4. Duties, Responsibilities and Commission of Directors (as of April 1, 2018)
PositionDuties, Responsibilities and Commission
President andRepresentative
Director

Business control

Managing Director

Director

Director

Director

NameYoshiaki Shiraki

In charge of Investment Planning Department,Investment Management Department 1 andInvestment Management Department 2
In charge of IR & Public Relations Department
and Corporate Administration and Supervision
Department
In charge of Compliance Department andInternal Audit Department, and commissioned
as Compliance Officer and General Manager ofCompliance Department and Internal Audit
Department
In charge of Investment Planning Department
and Investment Management Department 1,and commissioned as General Manager ofInvestment Planning Department

Toshinori Shoji

Hideo Natsuaki

Hiroshi Aoyama

Futoshi Kinoshita

Hankyu REIT will conduct necessary procedures, including notifications, etc., as prescribed by the Financial
Instruments and Exchange Act, Building Lots and Buildings Transaction Act and other applicable laws andregulations.
•Hankyu REIT website: http://www.hankyu-reit.jp/eng/<Attached Materials>
・Attachment

Career Summary of Director and Auditor to be Newly Appointed

2

Career Summary of Director to be Newly ElectedPositionDirectorName(Date of Birth)
Futoshi Kinoshita(Nov. 27, 1967)

Career Summary
Apr. 1990
Mar. 1998
Apr. 2002
Apr. 2003
Apr. 2006
Apr. 2010

Apr. 2011

Oct. 2012

Apr. 2015
Apr. 2018

Director(part-time)

Toyoyuki Komori(Jan. 19, 1966)

Apr. 1988
July 1996
July 2001
July 2002
July 2007
July 2010
Apr. 2013
Apr. 2013
Apr. 2013
Apr. 2013
June 2013
Apr. 2014
Apr. 2017

3

Joined Hankyu Corporation
Named Manager of Housing Sales Department
Seconded to Hankyu Realty Co., Ltd., named
Manager of Condominium Sales Department
Named Manager of Real Estate Management
Department of Hankyu Corporation
Named Manager of Tokyo Office of Real
Estate Development DepartmentNamed Supervising Head in charge of Salesof Tokyo Office of Real Estate Development
Department
Named Supervising Head in charge of Sales ofTokyo Office of Real Estate Development
Department, Seconded to Hankyu Hanshin
Building Management Co., Ltd., named General
Manager of Office Leasing Project Team
Seconded to Hankyu REIT AssetManagement, Inc., named General
Co-Manager in charge of Investment
Management Department 1
Named General Manager of Investment
Management Department 1To be named Director and General Manager ofInvestment Planning Department of Hankyu
Hanshin REIT Asset Management, Inc.
Joined Hanshin Electric Railway Co., Ltd.
Named Chief of Land Administration
Department
Named Duty Manager of Land Administration
Department
Named Manager of Land Administration
Department
Named Manager of Real Estate Development
Department
Named Manager of Real Estate Development
OfficeNamed General Manager of Real Estate
Development Office
Named Director (part-time) of Osaka Diamond
Chikagai Co., Ltd.
Named Director (part-time) of Hanshin Real
Estate Co., Ltd.
Named Director (part-time) of Kobe Kosoku
Kogyo K.K.
Named Director (part-time) of Sanyo Jidosha
Unso Co., Ltd.
Named Director (part-time) of Hankyu REIT
Asset Management, Inc.
Named Director of Hankyu Hanshin BuildingApr. 2018

Apr. 2018Management Co., Ltd.
To be named General Manager, Investment
Planning Department of Lease Operation
Headquarters of Hankyu Hanshin Properties
Corp.
To be named Director (part-time) of Hankyu
Hanshin REIT Asset Management, Inc.

Career Summary of Auditor to be Newly Elected
Position

Name

Career Summary(Date of Birth)

Auditor

Yasuki Fukui

Apr. 1988

Joined Hankyu Corporation(part-time)(Aug. 21, 1962)

Dec. 1999

Seconded to Hankyu Hotels Co., Ltd.

Oct. 2000

Named General Manager of Planning
Department

Apr. 2011

Named General Co-Manager in charge ofReal Estate Management Department ofHankyu Corporation, and General Manager incharge of Corporate Planning Department ofHankyu Realty Co., Ltd.

Apr. 2011

Named General Co-Manager of Real Estate
Development Department of Hankyu
CorporationApr. 2012

Named Auditor (part-time) of Hankyu REIT
Asset Management, Inc.

June 2012

Named Director

Apr. 2015

Named Director (part-time)

Apr. 2015

Named General Manager of Real EstateManagement Department of Hankyu
Corporation, and General Manager ofCorporate Planning Department of Hankyu
Realty Co., Ltd.

Apr. 2017

Named Executive Director and General
Manager of Real Estate Management
Department of Hankyu Corporation

Apr. 2017

Named Director (part-time) of Hankyu
Investment Partners, Inc. (Current)

Apr. 2018

To be named Director and Deputy General
Manager of Corporate Planning
Headquarters, Deputy General Manager ofLease Operation Headquarters and General
Manager of Lease Operation Department ofHankyu Hanshin Properties Corp.

Apr. 2018

To be named Auditor (part-time) of Hankyu
Hanshin REIT Asset Management, Inc.

4