2nd July 2020Logistics warehouse development projectin Northern Vietnam-Participation in the Development & Operation of 3 blocks of Warehouses
in VSIP Hai Phong Integrated Township and Industrial Park -Hankyu Hanshin Properties Corp. (Head office: Kita-ku, Osaka; President : Morotomi Ryuichi) on the
1 of July 2020 obtained a part of the shares of Sembcorp Infra Services Pte. Ltd to participate in a projectstwhich is invested jointly by Sembcorp Development Ltd.※ and CRE, Inc. since 2018 to develop and operate
logistics centers in VSIP Hai Phong Integrated Township and Industrial Park in Northern Vietnam.
Sembcorp Development Ltd. has 30 years of experience in the development of industrial parks in Asia,
while CRE, Inc. has a wide network with Japanese tenants through management and operation of logistics
real estate over an extended period of time.
※The Company is an indirect subsidiary of Temasek Holdings, an international investment company owned by theSingaporean Government. As for Temasek Holdings, it invests in a wide range of businesses such as finance,
telecommunications, media, technology, transportation, real estate, energy,and resources.

Phase 1 & Phase 2

Phase 3In recent years, the logistics real estate market in Vietnam has been steadily growing with the expansionof e-commerce and other factors, and further development is expected in the future. In addition, Hai Phong
City, where this logistics centers are located, is the largest port city in Northern Vietnam, and is attracting
attention as a base for trade and logistics due to the well-developed of port, highways etc. Especially for
VSIP Hai Phong Integrated Township and Industrial Park, which is being developed with the support of
the Vietnamese and Singaporean governments, is regarded for its high-quality customer service on top ofits well-developed infrastructure. Thus, this project is also situated at a better location in the Hai PhongCity.
Regarding the logistics real estate business of our company overseas, we have been rolling out the saidbusiness in Indonesia and Singapore. Through the participation in Sembcorp Infra Services Pte. Ltd, ourcompany will further strengthen our leasing capabilities in the ASEAN region, accumulate developmentknow-how in Vietnam, and strive to promote and expand our logistics real estate business.

◆Location MapⒸOpenStreetMap contributors(opendatacommons.crg)(map partially amended)◆Summary of Hankyu Hanshin Properties Corp.
【Company Name】

Hankyu Hanshin Properties Corp.

【L o c a t i o n】 Hankyu Terminal Bldg, 1-1-4, Shibata, Kita-ku, Osaka 530-0012, Japan【Representative】 Morotomi Ryuichi【C a p i t a l】 JPY 12.4 billion【A n n u a l S a l e s】 JPY 116.5 billion (as of March 2020)【Business Scope】 Leasing of office and commercial facilities, Real estate development, Area
management, Real estate funds, Condominium, Housing and residential land sales,Brokerage, Remodeling, Rental management, Land use, etc.
【E m p l o y e e s】 Approximately 860 (as of 1st Apr 2020)◆Summary of Sembcorp Development Pte. Ltd.
【Company Name】 Sembcorp Development Pte. Ltd.
【L o c a t i o n】 30 Hill Street #03-01 Singapore 179360【Representative】 Teo Ban Seng
【C a p i t a l】 SG$ 319.5 million (approximately JPY 25.6 billion)【Business Scope】

Urban Development【E m p l o y e e s】 59 (as of 31st Mar 2020)

◆Summary of CRE, Inc.
【Company Name】 CRE, Inc.
【L o c a t i o n】 Toranomon Twin Bldg., East Tower 19F, 2-10-1, Toranomon, Minato-ku, Tokyo
105-0001, Japan【Representative】 Kameyama Tadahide【C a p i t a l】 JPY 2.2 billion【A n n u a l S a l e s】 JPY 23.9 billion on consolidated basis (as of July 2019)【Business Scope】 Logistics Facility, Leasing, Management, Development, Intermediation, andInvestment Advice【E m p l o y e e s】 218 people on consolidated basis (as of 31st July 2019)◆Summary of Sembcorp Infra Services Pte. Ltd.
【Company Name】 Sembcorp Infra Services Pte. Ltd.
【L o c a t i o n】 30 Hill Street #03-01 Singapore 179360【Representatives】 Ang Kim Hong Yvonne, Teo Ban Seng
【C a p i t a l】 US$ 16.8 million (approximately JPY 1.9 billion)【Business Scope】 Investment in Logistics Real Estate BusinessRegarding Overseas Business Development of Hankyu Hanshin Properties Corp.
Based on the Long-Term Management Vision for 2025 of Hankyu Hanshin Holdings Group, “Enhancing
line-side areas and expanding fields”, Hankyu Hanshin Properties Corp. is aiming to expand the scale ofour real estate business in the ASEAN region. So far, we have been rolling out our real estate business in 6countries, i.e. Singapore, Thailand, Vietnam, Philippines, Indonesia and Malaysia.
１Housing Sales Business
Hankyu Hanshin Properties Corp. started development and sales of apartments in Ho Chi MinhCity, Vietnam in 2015. Thus far, it has participated in 28 projects (with a total of more than 30,000
units of apartments) in 5 countries, namely Vietnam, Thailand, Indonesia, Philippines and Malaysia.

２Logistics Real Estate Business
Hankyu Hanshin Properties Corp. completed construction of a warehouses in MM2100 Industrial
Park in the vicinity of Jakarta, Indonesia in 2015 and in the Jalan Buroh area in western Singapore in2017, and has since been managing and operating these warehouses.

３Mixed Development and Leasing Business
Hankyu Hanshin Properties Corp. has invested in the local entity that owns and operates in the“Plaza Indonesia Complex”, a prominent mixed development of Commercial, Office and Hotelcomplex in the center of Jakarta, Indonesia, and the “fX Sudirman“, a commercial facility that houses
JKT48 Theatre and cinemas etc.
Hankyu Hanshin Properties Corp. is also currently involved in joint management and operations ofthe facilities.

*News Releases written in Japanese are treated as official releases.