April 20, 2006
For Immediate Release
LCP Investment Corporation
Nihon-bashi Nishikawa Bldg,
1-5-3 Nihon-bashi, Chuo-ku, Tokyo
Shunji Miyazaki: Executive Officer(Securities Code: 8980)

Inquiries:
The LCP REIT Advisors Co., Ltd
CFO

Yuji Kubo

TEL: +81-3-3272-7311

Notice Concerning Issuance ofNew Investment Units and Secondary Offering of Investment UnitsLCP Investment Corporation (the” Investment Corporation”) is pleased to announce that, at a
meeting of the board of officers held on April 20, 2006, the Investment Corporation has adopted aresolution concerning the issuance of new investment units and the secondary offering of investment
units at the listing of the Investment Corporation’s investment units (”Investment Units”) on the Real
Estate Investment Trust Section of the Tokyo Stock Exchange, Inc. (the ”TSE”). Details of theresolution are as follows:

Details

1. Issuance of new investment units by way of public offering (general public offering)
1. Number of new units

59,0002. Offer value

To be determined. This will be determined at a meeting of
the board of officers on May 15, 2006 (”Issue PriceDecision Date”)

3. Total value

To be determined.

4. Method of offering

General public offering. A syndicate of underwriters, withNote: This document is a press release for announcing information about the Investment
Corporation’s issue of new investment units and offering of investment units, and is not intended as
investment solicitation. If you would like to invest, please make sure to read the prospectus for theissue of new investment units and the offering of investment units prepared by the Investment
Corporation (and its amendments), then invest on your own account and judgment

Mizuho Securities Co., Ltd and Shinko Securities Co., Ltd asthe joint lead managers (”Joint Lead Managers”) willpurchase and underwrite all investment account. The otherunderwriters are Kyokuto Securities Co., Ltd, Nikko Citi
Group Limited, Mitsubishi UFJ Securities Co., Ltd, Daiwa
Securities SMBC Co., Ltd, Credit Suisse Securities, Monex
Inc and E TRADE SECURITIES Co., Ltd. (hereinafterreferred to as ”Underwriters”, which includes the Joint LeadManagers). The issue price (offer price) for general public
offering will be determined after the procedure on abook-building basis as prescribed in Article 4 of TSE
regulations regarding the public issue and offering ofpre-listing REIT units. (Book building is a process by which
an underwriter determines the issue price of an IPO after
presenting the provisional conditions of the issuance toinvestors and then gauging their level of demand).
5. Underwriting contract

The Underwriters will pay the total underwriting value (totalvalue) to the Investment Corporation on the payment datespecified in (9) below. The difference between the totaloffering price paid for the general public offering and thetotal value (total underwriting value) will become theUnderwriters’ proceeds. The Investment Corporation will not
pay an underwriting commission to the Underwriters.

6. Demand declaration(Book-building period)

From Monday, May 8, 2006
To Friday, May 12, 2006

7. Subscription unit

Minimum 1 unit and the increments of one unit

8. Application period

From Tuesday, May 16, 2006
To Thursday, May 18, 2006

9. Payment date

Monday, May 22, 2006

10. Delivery date of investment unit

Tuesday, May 23, 2006 (hereinafter referred to as ”Listing
Date [Trade Start Date]”)11. Dividend accrual date

Tuesday, September 20, 2005 (date of incorporation of theInvestment Corporation)

Note: This document is a press release for announcing information about the Investment
Corporation’s issue of new investment units and offering of investment units, and is not intended as
investment solicitation. If you would like to invest, please make sure to read the prospectus for theissue of new investment units and the offering of investment units prepared by the Investment
Corporation (and its amendments), then invest on your own account and judgment12. The offer price and other matters necessary for the issue of the new investment units will bedetermined at a meeting of the board of officers to be held in the future.
13. Each item mentioned above is contingent upon the filing pursuant to the Securities and Exchange
Law taking effect.

2. Secondary offering of investment units (by way of over-allotment)
1. Offering company

Mizuho Securities Co., Ltd.

2. Number of units

1,800
The number of units described above is the number ofunits offered by Mizuho Securities Co., Ltd. in asecondary offering by way of an over-allotment that takes
into consideration the demand for the units and otherfactors (the “Secondary Offering”). The investment unitsthat are subject to the Secondary Offering by way of anover-allotment are the investment units borrowed fromThe LCP Group L.P. and Zecs Co., Ltd, both of which areunit holders of the Investment Corporation and subscriberof the new investment units designated by the Investment
Corporation, to a maximum limit of 900 units,respectively(totally1,800units)(the”BorrowedInvestment Units”, such borrowing is subject to thesubscription by The LCP Group L.P. and Zecs Co., Ltd).
Thus, the number of units offered in a secondary offeringby way of an over-allotment described above shows themaximum limit and may be lowered, or the secondaryoffering may be canceled depending upon demand orother factors.
3. Offer price

To be determined. The offer price will be the same as theoffer price for the general public offering.

4. Total offering amountTo be determined.

5. Application period

From Tuesday, May 16, 2006
To Thursday, May 18, 2006

Note: This document is a press release for announcing information about the Investment
Corporation’s issue of new investment units and offering of investment units, and is not intended as
investment solicitation. If you would like to invest, please make sure to read the prospectus for theissue of new investment units and the offering of investment units prepared by the Investment
Corporation (and its amendments), then invest on your own account and judgment

6. Date of Delivery

Tuesday, May 23, 2006

7. Subscription unit

Minimum of one and then increments of one unit

8. The offer price and other matters necessary for the secondary offering of investment units will be
determined at a meeting of the board of officers to be held in future.
9. Each item mentioned above is contingent upon the filing pursuant to the Securities and Exchange
Law taking effect.

3. Issuance of new investment units by way of third-party allocation (Allotment to otherparty by Green-shoe option)
1. Number of units

1,800

2. Allocated party &Mizuho Securities Co., Ltd

Number of units

1,800

allocated
3. Offer value

To be determined. (The offer value will be the same asthat for the general public offering)

4. Total value

To be determined

5. Application dateThursday, June 15, 2006

6. Payment dateThursday, June 15, 2006

7. Subscription unit

Minimum of one and then increments of one

8. Dividend accrual date

Tuesday, September 20, 2006 (date of incorporation ofthe Investment Corporation)

9. The offer value and other matter necessary for the issuance of new investment units by way ofthird-party allocation will be determined at a meeting of the board of officers to be held in thefuture.
10. Investment units for which no application has been made as of the application date cited above
will not be issued.
11. If the general public offering and offering through over-allotment are cancelled, the issuance of
new investment units by way of third-party allocation will also be cancelled.

<Reference>(ⅰ) In conducting the secondary offering by way of an over-allotment, the Investment Corporation,in order for Mizuho Securities Co., Ltd to purchase the Investment Units to facilitate the return

Note: This document is a press release for announcing information about the Investment
Corporation’s issue of new investment units and offering of investment units, and is not intended as
investment solicitation. If you would like to invest, please make sure to read the prospectus for theissue of new investment units and the offering of investment units prepared by the Investment
Corporation (and its amendments), then invest on your own account and judgment

of the borrowed units, has resolved to, as stated in item 3, above conduct a Third-Party
Allotment and grant Mizuho Securities Co., Ltd a green-shoe option exercisable until June 13,
2006. In addition, Mizuho Securities Co., Ltd may, for the purpose of returning the borrowedunits, purchase the Investment Units up to the number offered in connection with the secondaryoffering by way of an over-allotment (“syndicate covering transaction”) at the Tokyo Stock
Exchange. Even during the syndicate covering transaction period, Mizuho Securities Co., Ltd
has the discretion not to conduct any syndicate covering transaction or terminate a syndicate
covering transaction that involves a number of units that is below the number offered inconnection with the secondary offering by way of an over-allotment. Mizuho Securities Co.,
Ltd plans to apply for the Third-Party Allotment by exercising the green-shoe option withrespect to the number of units remaining after subtracting the number of units purchased
through the syndicated covering transaction from the number of units offered in connection
with the secondary offering by way of an over-allotment. Accordingly, if the number of units
offered in connection with the secondary offering by way of an over-allotment has decreased,
then the secondary offering by way of an over-allotment itself has been cancelled, or if any
syndicate covering transaction has been conducted, then Mizuho Securities Co., Ltd will
exercise the green-shoe option according to the number of units affected and the number ofunits applied for through the Third-Party Allotment will be decreased. As a result, the numberof units to be issued according to the Third-Party Allotment will, due to forfeiture, be decreasedby the applied number of units, or no units may be issued at all.

(ⅱ) Regarding the transaction mentioned to (ⅰ) above, it is conducted under the consultation
between Mizuho Securities Co., Ltd and Shinko Securities Co., Ltd.

4. Number of investment units issued and outstanding after the issue of the newinvestment units
Current number of investment units issued and outstanding:

300 units

Increase in the number of investment units by the primary offering:

59,000 units

Total number of investment units issued and outstanding after the primary offering:

59,300 units

Increase in the number of investment units by way of third-party allotment (plan):

1,800 units

Total number of investment units issued and outstanding after the third-party allotment: 61,100units

Note: This document is a press release for announcing information about the Investment
Corporation’s issue of new investment units and offering of investment units, and is not intended as
investment solicitation. If you would like to invest, please make sure to read the prospectus for theissue of new investment units and the offering of investment units prepared by the Investment
Corporation (and its amendments), then invest on your own account and judgment

5. Use of proceeds
A net income of 28.32 billion yen from the general public offering and a net income of 864 million
yen from way of Third-Party Allocation by the execution of green-shoe option will be used topurchase specified assets of the Investment Corporation (as defined in Article 2 Paragraph 1 of theInvestment Trust and Investment Corporation).
Note: The net income above is the estimated amount as of April 20, 2006.

6. Profit Distribution to Investors
Cash distribution shall be made in line with the distribution policies provided for in the rules of theInvestment Corporation.

7. Others
1, Pre-arranged allocation of investment units
As a pre-arranged allocation of investment units, the underwriters plan to offer and sell 900 units,450 units, 300 units, 300 units, 150 units and 900 units which will be issued through the public
offering to The LCP Group L.P., (“LCP Group LP”) Kyokuto Securities Co., Ltd (”Kyokuto”),
Nisshin Fudosan Co., Ltd (”Nisshin”), Yahagi Construction Co., Ltd (”Yahagi”), Dix Kuroki Co.,Ltd (”Dix”) and Zecs Co., Ltd (”Zecs”) which are shareholders of The LCP REIT Advisors Co., Ltd.
(”AM Company”), the asset manager for the Investment Corporation. Zecs has agreed to transfer
specified assets to the Investment Corporation.

2. Limitation on Sales and Additional Issues of Investment Units① LCP Group, LP, Kyokuto, Zecs, Nissin, Yahagi, Dix, Kita Construction Co., Ltd. (”Kita”), Soken
Inc (”Soken”), Anabuki Kosan Inc (”Anabuki”), Suncity Co., Ltd (”Suncity”) and Big. Co., Ltd.
(”Big”) acquired 126 units, 36 units, 24 units, 24 units, 24units, 15 units, 12 units, 12 units, 9units, 9 units and 9 units (Total 300 units), respectively, of the Investment Corporation’sinvestment units, in conjunction with the Investment Corporation’s establishment on September
20, 2005, and hold the investment units as of April 20, 2006. The eleven companies have agreed
with the Investment Corporation not to dispose of any of such investment units for a period of
six months after the date of the Investment Corporation’s public listing in accordance with theTSE’s rules and regulations.

Note: This document is a press release for announcing information about the Investment
Corporation’s issue of new investment units and offering of investment units, and is not intended asinvestment solicitation. If you would like to invest, please make sure to read the prospectus for theissue of new investment units and the offering of investment units prepared by the Investment
Corporation (and its amendments), then invest on your own account and judgment

② LCP Group LP, Kyokuto, Nisshin, Yahagi, Dix and Zecs plan to acquire 900 units, 450 units, 300units, 300 units, 150 units and 900 units included in the Investment Units subject to the publicoffering, respectively as mentioned to ①above. The six companies have agreed with the co-leadmanagers not to, without the prior written approval of the co-lead managers, sell, offer thesecurity, lend and dispose any of the Investment Units expected to be acquired as mentioned
above or that it has owned as of April 20, 2006 mentioned to ① above (except lending of theInvestment Units involved in the sales by Over-Allotment).

③ The Investment Corporation has agreed with the co-lead managers not to, without the priorwritten approval of the co-lead managers, issue additional investment units during 6 months
after the listing date ( Except additional issue involved in the Third-party allocation).

＊ This document is being distributed today to the Kabuto Club (the press club of the TSE) as well as the press clubfor the Ministry of Land, Infrastructure and Transport and the press club for specialty construction newspapers at
the Ministry of Land, Infrastructure and Transport.
＊ This English language notice is a translation of the Japanese language notice issued on the same day and was
prepared solely for the convenience of, and reference by, overseas investors. LCP Investment Corporation makes
no warranties as to its accuracy or completeness.

Note: This document is a press release for announcing information about the Investment
Corporation’s issue of new investment units and offering of investment units, and is not intended as
investment solicitation. If you would like to invest, please make sure to read the prospectus for theissue of new investment units and the offering of investment units prepared by the Investment
Corporation (and its amendments), then invest on your own account and judgment