February 10, 2023

NEWS RELEASE

Airport Facilities Co., Ltd. (Stock Code：8864
Tokyo Stock Exchange Prime Market)
Mercuria Holdings Co., Ltd.（Stock Code : 7347
Tokyo Stock Exchange Prime Market)

Completion of Acquisition of Aircraft Asset by
Aircraft Investment Fund
MACH 1, the aircraft investment fund, in which Airport Facilities Co., Ltd. (“AFC”)
is engaged as an anchor investor and operated by Mercuria Investment Co., Ltd.
(“MIC”), the core company of Mercuria Holdings Co., Ltd., as a part of its aircraft
investment strategy, has purchased its first aircraft.
[About Airbus A320ceo]
The newly acquired aircraft asset is an Airbus A320ceo. The Airbus A320ceo Family, thefirst series of narrowbody jets developed by Airbus SE consisting of the standard A320, thebigger A321, and the smaller A319, are mainly used as short-to-medium range commercialairliners. According to Airbus, A320ceo is one of the most frequently used jet airliners in
the world, with approximately 4,300 units operated by approximately 250 airlines in various
countries. The aircraft purchased by MACH 1, which has been used by major European
carriers on long-term lease contracts, is expected to generate stable cash flows.
[External Environment, and Increasing Use of Leased Aircraft]
As the world economy continues to expand, crossborder movement has become the trend of thetimes, and the rise in demand for travel, as well as fornewaircraft, isprojectedtocontinue for theforeseeable future. With the existing demand for fleet
replacement, more and more aircraft are expected to
be introduced into the market in coming years.
However, it is very costly for airlines to purchase all
the airliners required for their operations.

Also, inorder to respond to rapid changes in the externalenvironment, airlines are leaning towards using leased
aircraft. The percentage of leased aircraft as of 2022
accounts for approximately 50%. The dependence on leased aircraft is likely to continue.

[MACH 1’s Investment Strategy]
MACH 1’s predecessor fund formed by MIC in 2017 is still in operation. This aircraft
investment fund experienced the unprecedented impact on the aviation industry caused by
the coronavirus pandemic. We acquired valuable know-how while coping with the difficult
times and continuing our aircraft investments. Now that MACH 1 has been launched, wewill work closely with Airborne Capital Limited (“ACL”), our strategic partner headquarteredin Ireland, to make the right choices in selecting aircraft assets that can achieve stable
returns, and execute appropriate investments by making sound judgment about thecreditworthiness of lessee airlines. ACL, the manager of approximately 60 aircraft assets,
has made many noteworthy achievements through its aircraft-related advisory services.
【Profile of Airport Facilities Co., Ltd.】Name of Company：Airport Facilities Co., Ltd.

Head office：Sogo Building No. 5, 1-6-5 Haneda Airport, Ota-ku, Tokyo

Representatives：Toshiaki Norita, President & CEOBusiness
Website：Airport facilities and real estate related business,infrastructure business：https://www.afc.jp/english/【Profile of Mercuria Investment Co., Ltd.】Name of Company：Mercuria Investment Co., Ltd.

Head office：1-3-3 Uchisaiwaicho, Chiyoda-ku, Tokyo

Representatives：Toshihiro Toyoshima, CEOBusiness
Website：Investment advisory, investment management,
and Type-II financial instruments business：https://mercuria.jp/【Profile of Airborne Capital Limited】
Name of Company：Airborne Capital Limited

Head office：5thFloor, The Exchange, George’s Dock, IFSC, Dublin 1, Ireland

Representatives：Managing aircraft leasing projects and providing aircraft-related
advisory services

Business：Ramki Sundaram, Chief Executive OfficerWebsite：https://airborne.capital/

For inquiries, please contact:
Mercuria Investment Co., Ltd. (info@mercuria-hd.jp)
Airport Facilities Co., Ltd. (airport-query@afc.jp)

The above is an English translation of the Japanese version provided for information purpose only. The
original version was released through our website (https://www.mercuria.jp/).
If any discrepancy is identified between this translation and the Japanese original, the Japanese original shallprevail.