February 16, 2012
For Translation Purpose Only
MID REIT, Inc.
1-4-4 Dojimahama, Kita-ku, Osaka
Yukinobu Izumi
Executive Officer(Securities Code: 3227)
MID REIT Management Co., Ltd.
Tomoyuki Goto
President and CEO
Hirotaka Saito
Managing Director
General Manager, Finance & Planning Division
TEL. +81-6-6456-0700
E-mail: midrm-info@mid.co.jp

Notice Regarding Conclusion of Memorandum to Change
Lease Agreement on Leased Units with a Major Tenant, etc.
MID REIT, Inc. (hereafter “MID REIT”) announces the conclusion today of amemorandum (hereafter the “Memorandum”) to change a lease agreement on leased units
at Twin 21 OBP Panasonic Tower (hereafter the “Property”) with major tenant Panasonic
Corporation (hereafter the “Tenant”).
1. Background
Under a memorandum concluded on April 30, 2010 with the Tenant, payment of rent
and common-area fees are exempted for the limited period from April 1, 2010 toMarch 31, 2012 for floors eligible for free rent as authorized by MID REIT (floors
shall be no more than 10 floors (10,298.40 m2); hereafter the “Free-Rent Floors”). This
shall be premised on the Tenant and the Tenant’s Group (including subsidiaries andaffiliated companies; hereafter the “Tenant Group”) promoting utilization of thoseleased units of the Property that are not in use by the Tenant Group, with the Tenantand MID REIT working together so that the Tenant and Tenant Group can continue
to lease the Property in its entirety. For details on the previous memorandum, pleaserefer to the April 30, 2010 press release titled “Notice Regarding Conclusion ofMemorandum to Change Lease Agreement on leased Units with a Major Tenant.” Thecurrent number of Free-Rent Floors is the upper limit of 10 floors.
2. Overview of the Memorandum
The period for Free-Rent Floors will be extended by 1 year to March 31, 2013.
3. Reason for conclusion of the Memorandum
While promoting the utilization of the Property through such means as setting up
Free-Rent Floors, MID REIT and the Tenant agreed to conclude the Memorandum
based on the current negotiation circumstances, etc. of the negotiations of theconditions and terms, including agreement renewal, of the current lease agreement onleased units that will expire on March 31, 2013.

Note: This press release provides information regarding MID REIT’s “Notice Regarding Conclusion of Memorandum to Change Lease
Agreement on Leased Units with a Major Tenant, etc.” and is not prepared as an inducement or invitation for investment. All readers areadvised to consult their own investment advisors before investing in MID REIT. Investment decisions are made at the investors’ sole
discretion and responsibility and are made at their own risk. MID REIT and its affiliates disclaim any responsibility or liability for theconsequences of investment in MID REIT.

4. OtherMID REIT’s asset management company MID REIT Management Co., Ltd. concluded
an agreement on promoting the use of and discussing redevelopment of Osaka
Business Park with the Tenant and other concerned parties on April 30, 2010, but theconcerned parties have agreed to extend the initially set agreement period by 1 year tobe from April 1, 2010 to March 31, 2013. For details on the agreement on promoting
the use of and discussing redevelopment of Osaka Business Park, please refer to theApril 30, 2010 press release entitled “Notice Concerning Execution of Agreement
concerning Property, etc. that MID REIT Owns through Ownership of Trust
beneficiary Interests (Agreement on Promoting the Use of and Discussing
Redevelopment of Osaka Business Park).”
5. Outlook
For the outlook of business results for the fiscal period ending June 30, 2012 (January 1,2012 to June 30, 2012) and the fiscal period ending December 31, 2012 (July 1, 2012 toDecember 31, 2012), please refer to the “REIT Financial Report for the 11th Fiscal
Period (July 1, 2011 to December 31, 2011)” announced today.

Note: This press release provides information regarding MID REIT’s “Notice Regarding Conclusion of Memorandum to Change Lease
Agreement on Leased Units with a Major Tenant” and is not prepared as an inducement or invitation for investment. All readers areadvised to consult their own investment advisors before investing in MID REIT. Investment decisions are made at the investors’ sole
discretion and responsibility and are made at their own risk. MID REIT and its affiliates disclaim any responsibility or liability for theconsequences of investment in MID REIT.