Make The World
More Sustainable[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.

June 2, 2023
IssuerIchigo Office REIT Investment Corporation (“Ichigo Office,” 8975)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Keisuke Chiba, Executive Director
www.ichigo-office.co.jp/en
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Hiroshi Iwai, President
Inquiries: Yuji Kamo, Head of Ichigo OfficeTel: +81-3-3502-4891

Correction: Materials for the Fourteenth Shareholder Meeting
Ichigo Office is making corrections to its Materials for the Fourteenth Shareholder Meetingannounced on June 1, 2023.
With sincere apologies, a section in “Proposal 12: Appointment of Mr. Toru Sugihara as an
executive director” proposed by Berkeley Global, LLC was mistakenly omitted in the English EGM
materials.
Ichigo Office has underlined and italicized the corrections made in a corrected “Materials for theFourteenth Shareholder Meeting” release updated on its website.
www.ichigo-office.co.jp/ir/news/news_file/file/IchigoOffice_20230623_14th_Shareholder_Me
eting_Materials_Corrected_ENG.pdf
Below is the omitted section:c. Mr. Toru Sugihara’s qualification as an executive director
As stated in items a. and b. above, it is considered that the governance system of IOR is inadequate
to realize the fundamental principle of increasing the unitholders’ value.
One of the reasons why these governance issues have not been resolved is that the current executivedirector, who was a supervisory director at the time of the 2020 Unitholders’ Meeting, has nopractical experience in the real estate industry or experience in the asset management of investment
corporations and is extremely busy serving as the representative director of another company thatprovides consulting services including accounting and taxation services, and thus is not fully
engaged in his duties as an executive director of IOR. Taking this into consideration, and in order toresolve such governance issues, the Claimant believes it is critical to appoint not only a supervisory
director but also an executive director from outside the corporation, have the executive directors
appropriately negotiate with the Asset Management Company on the AM fees from the viewpoint ofprotecting the IOR unitholders’ interests, and have both of the executive director and thesupervisory director monitor the governance of IOR through flexible management by the board ofdirectors.
Mr. Toru Sugihara has significant knowledge and experience in the practice of investment
corporations, including many years of practical experience in the real estate industry, deep
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experience in asset management at listed J-REITs, and prior experience as an executive director of alisted J-REIT. Therefore, he is able to supplement the lack of practical ability of IOR to verify theappropriateness of the fee structures, and quickly recognize and respond, flexibly and appropriately,to events that are contrary to the IOR unitholders’ interests. From this perspective, the Claimant
hereby requests the appointment of Mr. Toru Sugihara, Manager of Berkeley Global, LLC (StarAsia Group), as an executive director.
The term of office of the executive director under this proposal shall expire at the time ofconclusion of the unitholders’ meeting convened by IOR pursuant to Article 9, Paragraph 2 of thecurrent Articles of Incorporation of IOR so that such term of office expires at the same time as theexpiration of the term of office of the current executive director as provided in Article 19, Paragraph
3 of the current Articles of Incorporation.

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