This translation of the original Japanese notice is provided solely for information purposes. Should there be any discrepancy
between this translation and the Japanese original, the latter shall prevail.

July 17, 2020
REIT Issuer: Daiwa Office Investment Corporation (Stock Code No.: 8976)
Representative: Motoi Takahashi, Executive Director
Asset Manager: Daiwa Real Estate Asset Management Co. Ltd.
Representative: Toshio Fukushima, President and Representative Director
Inquiries to: Takashi Chiba, General Manager, Corporate Division(Tel: +81-3-6215-9649)

Notice Concerning Establishment of Green Finance Framework, etc.

We hereby give notice that Daiwa Office Investment Corporation (the "Investment Corporation") has
established the "Green Finance Framework" (the "Framework") for the implementation of Green finance(Note 1).

1. Purposes and Backgrounds of Green Finance Decision

The Investment Corporation believes that emphasizing ESGs ("Environment, Social, andGovernance”) will contribute to the improvement of corporate value over the medium-to long-term. We
are working on environmental issues while referring to the three environmental policies consisting ofEnvironmental Vision, Environmental Principles, and Basic Environmental Policies established by thesponsor, Daiwa Securities Group Inc. (the “Group”).
As part of our environment-conscious initiatives, we have continued efforts to promote environmentfriendliness and energy conservation, improve energy utilization and achieve sustainability atproperties in our portfolio, by participating in GRESB (Global Real Estate Sustainability Benchmark)Real Estate Assessment, in which the Investment Corporation has received a “Green Star” rating forthe eight consecutive years, and proactively acquiring environmental certification and assessment fromexternal certification/evaluation systems, including DBJ Green Building Certification, Certification for
CASBEE for Real Estate, BELS Certification and LEED Certification (Note 2).
The Investment Corporation has formulated a Green Finance Framework based on the belief that it issocially significant to provide investors who are proactive in investing in ESGs through Green finance.
In addition, the Group, the sponsor of Daiwa Real Estate Asset Management Co. Ltd. (the “AssetManager”), the Asset Manager entrusted by the Investment Corporation, has been committed todeveloping financial products and promoting various measures that contribute to resolving social
issues for more than 10 years. In the Investment Corporation and the Asset Manager, we believe thatthrough Green finance implementation, investments in green-qualified properties stipulated in thisframework will contribute to "Affordable and Clean Energy," "Industry, Innovation and Infrastructure,"and "Sustainable Cities and Communities," as set forth in the United Nations Sustainable Development
Goals (SDGs). As a member of the Group, we will further strengthen our efforts to create sustainable
societies.

2. Eligibility of the Green Finance Framework
In order to implement Green finance, the Investment Corporation formulated the framework thatconform to the Green Bond Principles 2018 (Note 3), Green Bond Guidelines 2020 (Note 4), GreenLoan Principles (Note 5), and Green Loan and Sustainability Linked Loan Guidelines 2020 (Note 6).
Note: This press release was prepared as a public announcement regarding Establishment of Green Finance
Framework, etc

The Investment Corporation will apply the funds raised in Green finance to fund the acquisition ofgreen eligible assets (i.e., existing or new specific assets that meet the eligibility criteria set out inthis framework) or to refinance the funds.
In addition, the Investment Corporation has obtained Green1 (F), the highest rating in the JCR
Green Finance Framework Evaluation (Note 7), as a third-party evaluation of this framework.

(Note 1) This Asset Manager stipulates collectively as "Green finance" the issuance of borrowings orinvestment corporation bonds for the purpose of appropriating all procured funds for theacquisition of green eligible assets or the refinancing of such funds.
(Note 2) For details of certification and assessment obtained from external systems, please refer tothe Investment Corporation’s website, “Initiatives for Sustainability” as below:
http://daiwa-office.jrt-desk.com/en/plan/environment.html(Note 3) “Green Bond Principles 2018” is the internationally-recognized guidelines for issuance ofgreen bonds, stipulated by Green Bond Principles Executive Committee, a privateorganization administered by the International Capital Market Association (ICMA).
(Note 4) “Green Bond Guidelines 2020” is guidelines established and announced by Ministry of theEnvironment in March 2017,and revised in March 2020 in consideration of consistency with
Green Bond Principles, provide issuers, investors and other market participants with
illustrative examples of specific approaches and interpretations which are tailored to Japan’sbond market to aid with decision-making regarding green bonds, for the purpose of further
increase in issuance of green bonds in the domestic market.
(Note 5) "Green Loan Principles" is a guideline for financing that restricts applications to theenvironmental field established by the Loan Market Association (LMA) and the Asia Pacific
Loan Market Association (APLMA).
(Note 6) "Green Loan and Sustainability Linked Loan Guidelines 2020" refers to the guidelines
formulated and published by the Ministry of the Environment in March 2020. The guidelinesprovide examples of concrete responses that can be used by borrowers, lenders, and otherofficials of relevant organizations when examining concrete responses to green loans, andinterpret them in accordance with the characteristics of Japan, in order to further promote
green loans in Japan, while giving consideration to the consistency of green loans with theprinciples of green loans.
(Note 7) "JCR Green Finance Framework Evaluation" means a third-party evaluation by JCR of theGreen Bond Principles, Green Loan Principles, Green Bond Guidelines, and the Green Loanand Sustainability Linked Loan Guidelines issued by an issuer or borrower, or the Green
Loan Guidelines (Green finance Policy). In this assessment, "Greenness Evaluation" isconducted to evaluate whether the project classification described in Green finance policyof the issuer or borrower falls under the green project, and " Management, Operation andTransparency Evaluation" is conducted to evaluate the management/operation system andtransparency of the issuer or borrower, and " JCR Green Finance Framework Evaluation "is determined as a comprehensive evaluation of these evaluations. The "JCR GreenFinance Framework Evaluation" is marked with (F) at the end of the valuation symbol todistinguish it from the valuation of individual bonds or borrowings. JCR Green Finance
Framework Evaluations related to the Investment Corporation are described on the JCR
website below.
https://www.jcr.co.jp/en/greenfinance/green/- End *

Website URL of the Investment Corporation:

http://www.daiwa-office.co.jp/en/

Note: This press release was prepared as a public announcement regarding Establishment of Green Finance
Framework, etc