Ichigo Preserves and Improves Real Estate[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.

February 25, 2019
IssuerIchigo Office REIT Investment Corporation (“Ichigo Office,” 8975)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
www.ichigo-office.co.jp/english
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Wataru Orii, PresidentInquiries: Hiroto Tajitsu, Head of Administration
Tel: +81-3-3502-4891

Changes in Officers, Directors, and Key Personnel ofAsset Management Company
Ichigo Investment Advisors (“IIA”), the asset management company of Ichigo Office, decided
today on the following changes to its officers, directors, and key personnel, effective March 1,2019.
1. Statutory Executive Officers (from March 1, 2019)
Name
Scott Callon

New Position
Chairman & Statutory Executive
Officer (Overall CompanyManagement)

Current Position
Unchanged

President & Representative Statutory
Chairman & Statutory Executive
Executive Officer (Overall CompanyOfficer (Overall Company
Management, Acquisitions & Sales)
Wataru Orii
Management, Acquisitions & Sales)
Head of Acquisitions & Sales
Head of Acquisitions & Sales Division
Division
President & Representative Statutory
Statutory Executive Officer
Executive Officer (Overall Company
Hiroshi Iwai(Hotel REIT)Management)
Executive Vice President & Statutory
Unchanged
Takeyuki Yoshimatsu
Executive Officer
Senior Executive Managing Director
Senior Executive Managing Director& Statutory Executive Officer& Statutory Executive Officer(Private Funds)
Kenji Shibasaki(Private Funds)
Head of Private Funds Division
Head of Private Funds Division
Head of Portfolio Management
Executive Managing Director &Shinichi Fukasawa
Statutory Executive Officer
Unchanged(Office REIT)
Senior Statutory Executive Officer
Takayoshi Hiiro
Unchanged(Green Infrastructure)
Masanori Kubota

Statutory Executive Officer (Finance) Unchanged

1Statutory Executive Officer(Administration)
Statutory Executive Officer(Hotel REIT)

Hiroto Tajitsu
Hidehito Iwasaka

Unchanged–Reference: Career History of New President & Representative Statutory Executive Officer
Name(Date of Birth)

Hiroshi Iwai
(July 7, 1977)

Career History
April 2001
Ken Corporation Ltd.
Simplex Real Estate Management Inc.
January 2006
September 2010 Ichigo Investment Advisors Co., Ltd.
July 2012
Ichigo Estate Co., Ltd
Director (Asset Management), Ichigo Estate Co., Ltd
March 2015
July 2015
Statutory Executive Officer (Hotel REIT) Head of Hotel REIT
Division in charge of Asset Management, Ichigo Investment
Advisors Co., Ltd
January 2018
Statutory Executive Officer (Hotel REIT) Head of Hotel REIT
Division in charge of Asset & Portfolio Management, Ichigo
Investment Advisors Co., Ltd
March 2019
President & Representative Statutory Executive Officer, Ichigo
Investment Advisors Co., Ltd

2. Directors (from March 1, 2019)Name
Hiroshi Iwai
Minoru Ishihara
Katsu Fujita
Sohsuke Takahashi
Noriyuki Kobayashi

New Position
Director (New)Director
Independent Director
Independent Director
Independent Director

Current Position–Unchanged
Unchanged
Unchanged
Unchanged

Note: Wataru Orii will step down as Director on March 1, 2019.
3. Key Personnel (from March 1, 2019)
Name
Hidehito Iwasaka
Tomohiro Suzuki

New Position
Statutory Executive Officer–(Hotel REIT)
Head of Portfolio Management–(Private Funds)

Current Position

These changes in officers, directors, and key personnel will be conducted in accordancewith the provisions of the Financial Instruments and Exchange Law, the Building Lots
and Buildings Transaction Business Law, and other applicable laws and regulations.

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