Translation of Japanese Original
November 14, 2022
To All Concerned Parties
REIT Issuer:
Kenedix Office Investment Corporation
Hikaru Teramoto, Executive Director(Securities Code: 8972)
Asset Management Company:
Kenedix Real Estate Fund Management, Inc.
Masahiko Tajima, President & CEO
Inquiries:
Hiroaki Momoi
Head of Strategic Planning,
Office REIT Department
TEL: +81-3-5157-6010

Notice Concerning Organizational Change of the Asset Management Company
Kenedix Office REIT Corporation (“the Investment Corporation”) has announced today, that the Board of Directors ofKenedix Real Estate Fund Management, Inc. (“the Asset Management Company”), the asset management company for theInvestment Corporation, decided an organizational change of the Asset Management Company. Details are as follows.
1. Purpose of Organizational Change
The Asset Management Company has decided to newly establish Corporate Administration Department as of January 4,2023, which will be exclusively in charge of overseeing the business operations of the Asset Management Company andappropriately aggregating and sharing management information and issues. Furthermore, the current Corporate Department,
which is in charge of the various duties mentioned above, will be eliminated as of January 3, 2023.
2. Effective Date of Organizational Change
January 4, 2023
The change complies with the Financial Instrument and Exchange Law, the Building Lots and Buildings Transaction Business
Law and other applicable laws and regulations. Asset Management Company will carry out all necessary notifications andother procedures.
Attachment 1: Organization Chart of the Asset Management Company after the Organizational Change
Attachment 2: Separation of Duties of the Corporate Administration Department (Newly established)
The Investment Corporation’s website: https://www.kdo-reit.com/en/
This notice is the English translation of the Japanese announcement on our website released on November 14, 2022. However,no assurance or warranties are given for the completeness or accuracy of this English translation.

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Attachment 1
Organization Chart of the Asset Management Company after the Organizational Change

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Attachment 2
Separation of Duties of the Corporate Administration Department (Newly established)
Department Name
Corporate Administration
Department

Duties・Items related to development of business plans and budget planning of the AssetManagement Company (collaborate with Finance & Accounting Department)
・ Items related to budget planning (collaborate with Finance & AccountingDepartment)
・ Analysis and response to major issues pertaining to the Asset Management
Company・Items related to development / deployment of human resources
・Items related to organizational revitalization and operational efficiency
・Items related to new business development
・Items related to public relations, etc.
・Items related to support directors, etc. (including matters related to secretarial
work and special assignments)
・Items related to negotiations, etc. concerning jurisdiction business withregulatory authorities
・Items related to risk management as stipulated in the Asset Management
Company's regulations
・Other items incidental to or related to the above items

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