For Translation Purposes Only
January 4, 2010

For Immediate Release
LCP Investment Corporation
Nihon-bashi Nishikawa Bldg.
1-5-3 Nihon-bashi, Chuo-ku, Tokyo
Masayoshi Takahashi: Executive Officer(Securities Code: 8980)
The LCP REIT Advisors Co., Ltd.
Shunji Miyazaki: President and CEO
Inquiries:
Yuji Kubo
Director and CFO
TEL: +81-3-3272-7311

Notice Concerning Prospect for Approval or Disapproval of Merger Agreement
LCP Investment Corporation (the “Investment Corporation”) has agreed to merge (the “Merger”) with TGR
Investment Inc. (“TGR”) and entered into a merger agreement (the “Merger Agreement”) upon which themerger is to take effect on February 1, 2010, as disclosed in the press release captioned “Notice Concerning
Conclusion of Merger Agreement between TGR Investment Inc. and LCP Investment Corporation” on November
17, 2009.
Since the Merger is effective on the condition that approval be granted at the general unitholders’ meeting of theInvestment Corporation, the matter of approving the Merger Agreement is scheduled to be put on the agenda at the5th general unitholders’ meeting (the “General Unitholders’ Meeting”) to be held on January 8, 2010, as disclosedin “Notice concerning Convocation of General Unitholders' Meeting regarding Approval of Merger Agreement” on
December 4, 2009. Although the Investment Corporation has been striving to hold negotiations with major
investors to gain their support for the Merger Agreement at the General Unitholders’ Meeting since before theMerger Agreement was executed, it is likely, as of the date hereof, that the Merger Agreement will not be approved
since it has been uncertain as to whether or not the voting threshold needed to resolve the agenda can be reached at
the General Unitholders’ Meeting.
If the Merger Agreement is not approved at the General Unitholders’ Meeting, and the Merger does not come intoeffect, it is expected to be difficult to refinance borrowings, the maturity date of which will be reached on January
29, 2010, and raise funds to repay borrowings, the maturity date of which will be reached on March 30, 2010, as
well as continue to pay dividends.
The Investment Corporation intends to hold negotiations with major investors, which have been ongoing since
before the Merger Agreement was executed, and continue to ask for cooperation with a view to approving theMerger. As of the date hereof, the Investment Corporation does not plan to cancel the convocation of the General
Unitholders’ Meeting and still plans to make continuous maximum efforts to resolve the agenda as well as holdnegotiations with major investors and lenders to prepare for the event where the Merger does not come into effect.
The Investment Corporation will make prompt disclosure of any new facts that come to light concerning thismatter.
The Investment Corporation appreciates the kind understanding of its investors in connection with the Merger andtheir continuous support for the approval of the Merger Agreement.

* This document is being distributed today to the Kabuto Club (the press club of the TSE), as well as to the press club for theMinistry of Land, Infrastructure and Transport, and to the press club for specialty construction newspapers at the Ministry ofLand, Infrastructure and Transport.
* Website of the Investment Corporation: http://www.lcp-reit.co.jp* This English language notice is a translation of the Japanese language notice issued on the same day and was prepared solelyfor the convenience of, and reference by, overseas investors. LCP Investment Corporation makes no warranties as to its
accuracy or completeness.