[For Information Purpose Only.
The Japanese language press release should be referred to as the original.]
April 7, 2017
To All Concerned Parties

Name of REIT Issuer:
Invincible Investment Corporation
Name of representative:
Naoki Fukuda, Executive Director
Roppongi Hills Mori Tower
6-10-1 Roppongi, Minato-ku, Tokyo, Japan(Securities code: 8963)
Asset manager:
Consonant Investment Management Co., Ltd.
Naoki Fukuda, CEOContact: Jun Komo,
General Manager of Planning Department(Tel. +81-3-5411-2731)

Notice Concerning Results ofNew Investment Units to be Issued via Third-party Allotment

Invincible Investment Corporation (“INV”) received a notice from the allottee that it did not exercise
its option to purchase any of INV’s new investment units scheduled to be issued via a third-party
allotment (the “Third-party Allotment”), which was concurrently approved with the issuance of new
investment units through public offering (the “Public Offering”) and secondary offering of investment
units (overallotment secondary offering) at INV’s board of directors meetings held on February 22,2017 and March 6, 2017. As a result, no units will be issued via the Third-party Allotment. The total
number of units issued and outstanding as of the date of this release is 3,860,824 units.
The impact of not issuing the new investment units through the Third-party Allotment on INV’s
financial forecasts for the fiscal periods ending June 2017 (January 1, 2017 to June 30, 2017) andending December 2017 (July 1, 2017 to December 31, 2017) is minimal. Therefore the financial
forecasts announced in the press release “Notice concerning Revision of Forecast of Financial
Results and Distribution for the 28th Fiscal Period Ending June 2017 and the 29th Fiscal PeriodEnding December 2017” dated February 22, 2017 remain unchanged.
Furthermore, the remaining balance of the acquisition price for Royal Parks Tower Minami-Senju,
which was acquired by INV on March 14, 2017, will be paid via cash-on-hand.

This English Language notice does not constitute or form a part of any offer of securities in the United States of America. The securities referred
to above have not been, and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The
securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. Thesecurities referred to above will not be publicly offered or sold in the United States. The contemplated transaction concerned does not involve
any public offering of securities in the United States. Not for publication, distribution or release, directly or indirectly in or into the United States ofAmerica.

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<Reference>
Outline of the Third-party Allotment(1) Number of investment units to be offered(2) Amount to be paid in (issue value)(3) Total amount to be paid in (total issue value)(4) Payment date(5) Allottee: 9,250 units: 45,370 yen per unit
: 419,672,500 yen: April 12, 2017
: An underwriter in the Public Offering

Note. For further details of the Third-party Allotment, please see the previous press releases,“Notice concerning Issuance of New Investment Units and Secondary Distribution ofInvestment Units”, dated February 22, 2017 and “Notice concerning Determination of theIssue Value and Offer Price of Investment Units”, dated March 6, 2017.

This English Language notice does not constitute or form a part of any offer of securities in the United States of America. The securities referred
to above have not been, and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The
securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The
securities referred to above will not be publicly offered or sold in the United States. The contemplated transaction concerned does not involve
any public offering of securities in the United States. Not for publication, distribution or release, directly or indirectly in or into the United States ofAmerica.

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