Creating peace of mind through honest and committed management.

[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

April 28, 2015
REIT Issuer
Ichigo Real Estate Investment Corporation (8975)
1-1-1, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Statutory Executive Director
Asset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Hiroto Tajitsu, Head of Administration
Tel: 03-3502-4891

Changes in Corporate Directors
The Nominating Committee and the Board of Directors of Ichigo Real Estate Investment
Advisors Co., Ltd. (“IRE”), the asset management company of Ichigo Real Estate Investment
Corporation, decided today on the following changes to corporate directors and statutory
executive officers.

Corporate Directors (subject to shareholder meeting approval, May 24, 2015)
Current Position(as of April 28, 2015)
Scott Callon
Director
Unchanged
Kenji Iwasaki
Director
Unchanged
Wataru Orii (New)Director－Minoru Ishihara
DirectorUnchanged
Tetsuya Fujita
Independent External Director
Unchanged
Maki Kumagai
Independent External Director
Unchanged
Noriko Kawate
Independent External Director
Unchanged
Kenichiro Yoshida
Independent External Director
Unchanged
Yukio Suzuki (New) Independent External Director－Note: Scott Callon and Kenichiro Yoshida will receive no compensation from IRE. Current
Independent External Director Katsu Fujita will become a Senior Advisor of Ichigo
Group Holdings.
Name

New Position

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Profile of New Candidate for Corporate Director

Name(Date of Birth)

Career History
April 1975
June 1996
June 1997
June 1999

June 2000
Yukio Suzuki(June 3, 1950)

June 2003
June 2005
June 2008
July 2010
August 2010
June 2012

Joined Nomura Research Institute, Ltd.
Director, Nomura Research Institute, Ltd.
Director & Head of Financial Research Center,Nomura Securities Co., Ltd.
Senior Managing Director in charge of
Research Division, Nomura AssetManagement Co., Ltd.
Senior Managing Director in charge of
Research Division, Nomura AssetManagement Co., Ltd.
Executive Managing Director, Nomura AssetManagement Co., Ltd.
Corporate Director and Audit Mission
Director, Nomura Holdings, Inc.
Advisor, Nomura Securities Co., Ltd.
CEO, Belle Investment Research of Japan Inc.
(current)
Advisor, Deloitte Touche Tohmatsu, LLC(current)
Independent External Director,Systena Corporation (current)

Statutory Executive Officers (effective May 24, 2015)

Name
Kenji Iwasaki
Wataru Orii
Takumi Naito
Kenji Shibasaki
Shinichi Fukasawa
Masanori Kubota
Mitsutaka Shimada
Akihiko Tsukasa

Hiroto Tajitsu

New Position
Chairman & Statutory Executive
Officer (Overall CompanyManagement)
President & Representative
Statutory Executive Officer(Overall Company Management)
Executive Vice President &Representative Statutory Executive
Officer (Private Fund)
Senior Executive Managing
Director & Statutory Executive
Officer (Finance)
Senior Statutory Executive Officer(REIT)
Statutory Executive Officer(Finance, Accounting)Statutory Executive Officer(Acquisitions & Sales)
Statutory Executive Officer (OsakaBranch), Osaka Branch General
Manager
Statutory Executive Officer(Administration), Head of
Administration, Business Planning,
Risk Management
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Current Position(as of April 28, 2015)
Unchanged
Unchanged
Unchanged
Unchanged
Unchanged
Unchanged
Unchanged
Unchanged
Head of Administration, Business
Planning, Risk Management

These changes in directors and statutory executive officers will be conducted in accordance withthe provisions of the Financial Instruments and Exchange Law, the Building Lots and Buildings
Transaction Business Law, and other applicable laws and regulations.

Website of Ichigo REIT: www.ichigo-reit.co.jp/english

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