April 20, 2016
For Immediate Release
Real Estate Investment Trust Securities Issuer
Star Asia Investment Corporation
Representative: Atsushi Kato, Executive Director(Code: 3468)
Asset Management Company
Star Asia Investment Management Co., Ltd.
Representative: Atsushi Kato
President and CEO
Contact: Toru Sugihara
Director and CFO
TEL: +81-3-5425-1340

Notice of Listing of “Star Asia Investment Corporation”
Star Asia Investment Corporation (SAR) announces that it was listed today on the Real Estate Investment Trust
Securities Market of Tokyo Stock Exchange, Inc.
SAR is a diversified REIT that makes investment through a “unitholders’ interest-first” mindset in principle,entrusting asset management to Star Asia Investment Management Co., Ltd., which belongs to Star Asia (Note 1),
an independent real estate investment group that has accumulated a track record in the Japanese real estatemarket.
SAR aims to maximize unitholders’ interests by conducting flexible and agile portfolio management based on its
unique market analyses while focusing on income stability and growth of income, and implementing highly
transparent management that discloses information necessary for unitholders in a timely and appropriate manner.
Features of SAR are as follows.
1. Develop a portfolio with diversified assets mainly in Greater Tokyo (Note 2)
SAR will develop a portfolio that realizes both stability and growth of income at the same time by setting theinvestment ratio for the Greater Tokyo as 70% or higher (based on the acquisition price) for the time being andunderstanding characteristics of each asset type.

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2. Utilize Star Asia’s know-how and abundant investment assets the backdrop of its real estate investment
strategy
SAR aims for steady growth by capitalizing on Star Asia’s information collection, market analysis and othercapabilities backed by its extensive investment track record in the real estate-related market in Japan, and byreceiving sales information on properties which Star Asia has acquired.

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3. Maximization of unitholders’ interests through thorough implementation of “unitholders’ interest-first”
mindsetWith the Star Asia Group holding investment units, SAR intends to align the interests of SAR and unitholders ofStar Asia.
(Star Asia Group holds approximately 28.1% (97,000 units) in number of investment units issued andoutstanding of SAR (Note 3))・(Note 1) Star Asia is an independent real estate investment group, whose purpose is to manage funds from investors whoDisclaimer: This document is an English translation of a press release for public announcement concerning of “Star Asia Investment
Corporation” by Star Asia Investment Corporation, and has not been prepared for the purpose of solicitation of investment.

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seek long-term investment, such as university funds, foundations and pension funds overseas (mainly U.S.), byinvesting in assets related to real estate, etc. in Japan and other Asian countries.
(Note 2) “Greater Tokyo” refers to Tokyo’s 23 wards, Kawasaki City and Yokohama City for office and retail properties, andrefers to Tokyo and the three prefectures of Kanagawa, Saitama and part of Chiba for residential and logistics as well
as hotel properties.
(Note 3) It is the number when all of the new investment units to be issued through third-party allotment (maximum of 11,800
units) with Nomura Securities Co., Ltd. as an allottee have been issued.

* This material is distributed to the press club of the Tokyo Stock Exchange (Kabuto Club), the press club of theMinistry of Land, Infrastructure, Transport and Tourism, and the press club for construction trade publicationsof the Ministry of Land, Infrastructure, Transport and Tourism.
* Star Asia Investment Corporation website address: http://starasia-reit.com/en/Disclaimer: This document is an English translation of a press release for public announcement concerning of “Star Asia Investment
Corporation” by Star Asia Investment Corporation, and has not been prepared for the purpose of solicitation of investment.

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